Nonprofit · EIN 42-6052427
LEVITT FOUNDATION
Tax-exempt · POTOMAC, MD 20854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,336,067 | $1,328,369 | $7,698 | $7,209,151 | $0 | $7,209,151 |
| December 31, 2023 | 990-PF | $457,456 | $1,543,170 | -$1,085,714 | $7,201,453 | $0 | $7,201,453 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $350,000
- Dividends
- $119,413
- Interest
- $11,218
- Net gain from sales of assets
- $855,436
Expenses
- Grants and similar amounts paid
- $1,279,140
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,283,762
- Excise tax on investment income
- $17,741
Balance sheet and other
- Total assets, start of year
- $7,201,453
- Total assets, end of year
- $7,209,151
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,209,151
- Fair market value of assets
- $8,261,262
- Qualifying distributions
- $1,283,762
- Net investment income
- $1,309,643
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 |
|---|---|---|---|
| JEANNE LEVITT 7811 MONTROSE ROAD 420, POTOMAC, MD 20854 | SECRETARY | 2 | $0 |
| RANDALL LEVITT 7811 MONTROSE ROAD 420, POTOMAC, MD 20854 | PRESIDENT/TREASURER | 2 | $0 |
| MARK LEVITT 7811 MONTROSE ROAD 420, POTOMAC, MD 20854 | VICE PRESIDENT/ASST. SECRE | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEANNE LEVITT 7811 MONTROSE ROAD 420, POTOMAC, MD 20854 | SECRETARY | 2 | $0 |
| RANDALL LEVITT 7811 MONTROSE ROAD 420, POTOMAC, MD 20854 | PRESIDENT/TREASURER | 2 | $0 |
| MARK LEVITT 7811 MONTROSE ROAD 420, POTOMAC, MD 20854 | VICE PRESIDENT/ASST. SECRE | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7811 MONTROSE RD STE 420, POTOMAC, MD 20854-3332
- Signed the 990-PF
- RANDALL LEVITT, PRESIDENT
- Phone
- (301) 881-5950
- Return prepared by
- GRANDIZIO WILKINS LITTLE & MATTHEWS
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
- 42-6052427
- 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
- 1950
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $7,209,151
- Income (IRS master file)
- $2,589,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,336,067 | $1,328,369 | $7,209,151 | XML |
| 990-PF | December 2023 | $457,456 | $1,543,170 | $7,201,453 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 42-6052427).
Questions about LEVITT FOUNDATION
- What is the EIN of LEVITT FOUNDATION?
- The employer identification number (EIN) of LEVITT FOUNDATION is 42-6052427.
- Is LEVITT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to LEVITT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEVITT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEVITT 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 LEVITT 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 LEVITT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LEVITT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,336,067, expenses of $1,328,369 and total assets of $7,209,151 at year end.
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