Nonprofit · EIN 38-3508943
RAVITZ FOUNDATION
Tax-exempt · FARMINGTN HLS, MI 48331
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,831,084 | $2,912,517 | -$81,433 | $40,950,519 | $9,960 | $40,940,559 |
| December 31, 2023 | 990-PF | $11,736,530 | $2,530,714 | $9,205,816 | $41,030,821 | $12,697 | $41,018,124 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $1,230,929
- Interest
- $10,950
- Net gain from sales of assets
- $1,589,205
Expenses
- Grants and similar amounts paid
- $2,093,700
- Compensation of officers, directors and key employees
- $271,383
- Disbursements for charitable purposes
- $2,342,767
- Excise tax on investment income
- $34,213
Balance sheet and other
- Total assets, start of year
- $41,030,821
- Total assets, end of year
- $40,950,519
- Total liabilities, end of year
- $9,960
- Net assets, end of year
- $40,940,559
- Fair market value of assets
- $44,613,132
- Qualifying distributions
- $2,342,767
- Net investment income
- $2,831,084
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLE SHIFMAN 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | PROGRAM DIRECTOR/DIRECTOR | 30 | $139,300 | $3,200 |
| BRIAN H AARON 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | TREASURER/DIRECTOR | 20 | $74,832 | $0 |
| BURTON SHIFMAN 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | PRESIDENT/DIRECTOR | 15 | $30,251 | $2,749 |
| JENNIFER FRITZ 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | DIRECTOR | 1 | $9,000 | $0 |
| STEVE MARGOLIN 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | DIRECTOR | 1 | $9,000 | $0 |
| JONATHAN AARON 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | SECRETARY/DIRECTOR | 1 | $9,000 | $0 |
| BRUCE GELBAUGH 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | DIRECTOR | 10 | $0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CAROLE SHIFMAN 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | PROGRAM DIRECTOR/DIRECTOR | 30 | $123,750 | $3,050 |
| BRIAN H AARON 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | TREASURER/DIRECTOR | 20 | $57,500 | $0 |
| BURTON SHIFMAN 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | PRESIDENT/DIRECTOR | 15 | $30,250 | $3,050 |
| BRUCE GELBAUGH 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | DIRECTOR | 10 | $13,000 | $0 |
| STEVE MARGOLIN 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | DIRECTOR | 1 | $7,500 | $0 |
| JONATHAN AARON 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | SECRETARY/DIRECTOR | 1 | $7,500 | $0 |
| JENNIFER FRITZ 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | DIRECTOR | 1 | $3,750 | $0 |
| LAWRENCE HANDLER 34705 WEST TWELVE MILE RD 160, FARMINGTON HILLS, MI 48331 | DIRECTOR | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 33533 W 12 MILE RD STE 295, FARMINGTN HLS, MI 48331-5635
- Signed the 990-PF
- BRIAN H AARON, VP/TREASURER
- Phone
- (269) 382-2844
- Return prepared by
- PLANTE & MORAN PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 38-3508943
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $40,950,519
- Income (IRS master file)
- $45,857,571
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,831,084 | $2,912,517 | $40,950,519 | IRS |
| 990-PF | December 2023 | $11,736,530 | $2,530,714 | $41,030,821 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3508943).
Questions about RAVITZ FOUNDATION
- What is the EIN of RAVITZ FOUNDATION?
- The employer identification number (EIN) of RAVITZ FOUNDATION is 38-3508943.
- Is RAVITZ FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to RAVITZ FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAVITZ FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAVITZ FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAVITZ FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RAVITZ FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 6 received compensation from the organization, the highest $139,300 (CAROLE SHIFMAN, PROGRAM DIRECTOR/DIRECTOR).
- How much revenue does RAVITZ FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,831,084, expenses of $2,912,517 and total assets of $40,950,519 at year end.
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All nonprofits in FARMINGTN HLS · Michigan · Philanthropy, voluntarism and grantmaking foundations