Nonprofit · EIN 41-2086932
THOMAS L CLINE FOUNDATION
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $633,306 | $195,606 | $437,700 | $3,123,132 | $0 | $3,123,132 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $109,362
- Net gain from sales of assets
- $523,944
Expenses
- Grants and similar amounts paid
- $175,747
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $177,697
- Excise tax on investment income
- $8,613
Balance sheet and other
- Total assets, start of year
- $2,685,432
- Total assets, end of year
- $3,123,132
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,123,132
- Fair market value of assets
- $4,557,181
- Qualifying distributions
- $177,697
- Net investment income
- $633,306
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON C MAGRAW C/O DM LLP 30 S 17TH STREET, PHILADELPHIA, PA 19103 | DIRECTOR | 2 | $0 |
| MARY SUE CLINE C/O DM LLP 30 S 17TH STREET, PHILADELPHIA, PA 19103 | DIRECTOR | 2 | $0 |
| LEIGH M AYERS C/O DM LLP 30 S 17TH STREET, PHILADELPHIA, PA 19103 | DIRECTOR | 2 | $0 |
| LESLIE T MAGRAW C/O DM LLP 30 S 17TH STREET, PHILADELPHIA, PA 19103 | DIRECTOR | 2 | $0 |
| CLARK D ROBERTSON C/O DM LLP 30 S 17TH STREET, PHILADELPHIA, PA 19103 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- CO DM LLP 30 S 17TH STREET, PHILADELPHIA, PA 19103-0000
- In care of
- % CLARENCE ASBURY
- Signed the 990-PF
- SHARON C MAGRAW, DIRECTOR
- Phone
- (215) 979-1914
- Return prepared by
- DUANE MORRIS LLP
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 | 990-PF 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
- 41-2086932
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $3,123,132
- Income (IRS master file)
- $1,727,575
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $65,148 | $211,069 | $2,604,061 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about THOMAS L CLINE FOUNDATION
- What is the EIN of THOMAS L CLINE FOUNDATION?
- The employer identification number (EIN) of THOMAS L CLINE FOUNDATION is 41-2086932.
- Is THOMAS L CLINE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to THOMAS L CLINE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THOMAS L CLINE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THOMAS L CLINE 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 THOMAS L CLINE 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 THOMAS L CLINE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does THOMAS L CLINE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $633,306, expenses of $195,606 and total assets of $3,123,132 at year end.
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