Nonprofit · EIN 38-3515181
MILTON AND SYLVIA PIERCE FOUNDATION
Tax-exempt · W BLOOMFIELD, MI 48322
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $127,604 | $150,900 | -$23,296 | $655,516 | $129,766 | $525,750 |
| December 31, 2023 | 990-PF | $132,040 | $133,056 | -$1,016 | $549,046 | $0 | $549,046 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,000
- Dividends
- $87,542
- Interest
- $6
- Other income
- $56
Expenses
- Grants and similar amounts paid
- $150,900
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $150,900
- Excise tax on investment income
- $1,218
Balance sheet and other
- Total assets, start of year
- $549,046
- Total assets, end of year
- $655,516
- Total liabilities, end of year
- $129,766
- Net assets, end of year
- $525,750
- Fair market value of assets
- $2,698,277
- Qualifying distributions
- $150,900
- Net investment income
- $87,604
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 |
|---|---|---|---|
| DAVID PIERCE 7031 ORCHARD LAKE RD STE 102, WEST BLOOMFIELD, MI 48322 | PRESIDENT | 0.5 | $0 |
| RICHARD PIERCE 7031 ORCHARD LAKE RD STE 102, WEST BLOOMFIELD, MI 48322 | SECRETARY/TREASURER/DIRECTOR | 0.5 | $0 |
| MEL RAZNICK 7031 ORCHARD LAKE RD STE 102, WEST BLOOMFIELD, MI 48322 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID PIERCE 7031 ORCHARD LAKE RD STE 102, WEST BLOOMFIELD, MI 48322 | PRESIDENT | 0.5 | $0 |
| RICHARD PIERCE 7031 ORCHARD LAKE RD STE 102, WEST BLOOMFIELD, MI 48322 | SECRETARY/TREASURER/DIRECTOR | 0.5 | $0 |
| MEL RAZNICK 7031 ORCHARD LAKE RD STE 102, WEST BLOOMFIELD, MI 48322 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 7031 ORCHARD LAKE RD STE 102, W BLOOMFIELD, MI 48322-3635
- In care of
- % MILTON J PIERCE
- Signed the 990-PF
- RICHARD PIERCE, TREASURER
- Phone
- (248) 233-1310
- Return prepared by
- REHMANN ROBSON LLC
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
- 38-3515181
- 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 (T22)
- Assets (IRS master file)
- $655,516
- Income (IRS master file)
- $127,604
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $127,604 | $150,900 | $655,516 | IRS |
| 990-PF | December 2023 | $132,040 | $133,056 | $549,046 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 38-3515181).
Questions about MILTON AND SYLVIA PIERCE FOUNDATION
- What is the EIN of MILTON AND SYLVIA PIERCE FOUNDATION?
- The employer identification number (EIN) of MILTON AND SYLVIA PIERCE FOUNDATION is 38-3515181.
- Is MILTON AND SYLVIA PIERCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to MILTON AND SYLVIA PIERCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MILTON AND SYLVIA PIERCE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MILTON AND SYLVIA PIERCE 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 MILTON AND SYLVIA PIERCE 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 MILTON AND SYLVIA PIERCE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MILTON AND SYLVIA PIERCE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $127,604, expenses of $150,900 and total assets of $655,516 at year end.
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