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Nonprofit · EIN 38-3545901

ALBERT F KESSEL FOUNDATION

Also known as KESSEL ALBERT F TTEE

Tax-exempt · GRAND RAPIDS, MI 49503

Financials

$22K$43K2023$4.2M$37K2024$498K$91K2025
Revenue Expenses · by fiscal year end
Financials of ALBERT F KESSEL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$498,423$91,337$407,086$5,083,710$0$5,083,710
December 31, 2024990-PF$4,203,648$36,933$4,166,715$4,676,828$0$4,676,828
December 31, 2023990-PF$22,243$42,814-$20,571$510,334$0$510,334
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$47,888
Dividends
$136,290
Interest
$55
Net gain from sales of assets
$314,190

Expenses

Grants and similar amounts paid
$77,000
Compensation of officers, directors and key employees
$11,000
Disbursements for charitable purposes
$83,490
Excise tax on investment income
$6,173

Balance sheet and other

Total assets, start of year
$4,676,828
Total assets, end of year
$5,083,710
Total liabilities, end of year
$0
Net assets, end of year
$5,083,710
Fair market value of assets
$5,479,540
Qualifying distributions
$83,490
Net investment income
$450,535

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
JEFFREY B POWER
1828 WILDFLOWER PL, THE VILLAGES, FL 32162
SECRETARY/TREASURER, DIREC1$6,000
RICHARD VALADE
50319 GRANT STREET, CANTON, MI 48188
VICE PRESIDENT, DIRECTOR1$5,000
JAMES A KESSEL
G-7550 S SAGINAW ST STE 5, GRAND BLANC, MI 48439
PRESIDENT, DIRECTOR1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
JEFFREY B POWER
1828 WILDFLOWER PL, THE VILLAGES, FL 32162
SECRETARY/TREASURER, DIREC1$3,000
RICHARD VALADE
50319 GRANT STREET, CANTON, MI 48188
VICE PRESIDENT, DIRECTOR1$1,000
JAMES A KESSEL
G-7550 S SAGINAW ST STE 5, GRAND BLANC, MI 48439
PRESIDENT, DIRECTOR1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
JEFFREY B POWER
1828 WILDFLOWER PL, THE VILLAGES, FL 32162
SECRETARY/TREASURER, DIREC1$2,500
RICHARD VALADE
50319 GRANT STREET, CANTON, MI 48188
VICE PRESIDENT, DIRECTOR1$1,000
JAMES A KESSEL
G-7550 S SAGINAW ST STE 5, GRAND BLANC, MI 48439
PRESIDENT, DIRECTOR1$0

Address and contacts

Address (IRS master file)
1500 WARNER BLDG, GRAND RAPIDS, MI 49503-0000
In care of
% JEFFREY B POWER
Signed the 990-PF
JEFFREY B POWER, TREASURER
Phone
(616) 752-2156
Return prepared by
DOEREN MAYHEW

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-3545901
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
2002
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$5,083,710
Income (IRS master file)
$1,027,777

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$498,423$91,337$5,083,710IRS
990-PFDecember 2024$4,203,648$36,933$4,676,828IRS
990-PFDecember 2023$22,243$42,814$510,334XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 38-3545901).

Questions about ALBERT F KESSEL FOUNDATION

What is the EIN of ALBERT F KESSEL FOUNDATION?
The employer identification number (EIN) of ALBERT F KESSEL FOUNDATION is 38-3545901.
Is ALBERT F KESSEL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to ALBERT F KESSEL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ALBERT F KESSEL FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of ALBERT F KESSEL FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALBERT F KESSEL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of ALBERT F KESSEL FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $6,000 (JEFFREY B POWER, SECRETARY/TREASURER, DIREC).
How much revenue does ALBERT F KESSEL FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $498,423, expenses of $91,337 and total assets of $5,083,710 at year end.

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