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Nonprofit · EIN 43-6075014

BESS SPIVA TIMMONS FOUNDATION INC

Tax-exempt · WILMINGTON, DE 19809

Financials

$906K$57K2023$1.4M$4.5M2024
Revenue Expenses · by fiscal year end
Financials of BESS SPIVA TIMMONS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,367,841$4,460,685-$3,092,844$2,169,884$0$2,169,884
December 31, 2023990-PF$905,537$56,918$848,619$5,262,728$0$5,262,728
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$153,369
Interest
$1,633
Net gain from sales of assets
$1,212,839

Expenses

Grants and similar amounts paid
$4,334,210
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$4,398,718
Excise tax on investment income
$18,549

Balance sheet and other

Total assets, start of year
$5,262,728
Total assets, end of year
$2,169,884
Total liabilities, end of year
$0
Net assets, end of year
$2,169,884
Fair market value of assets
$2,163,519
Qualifying distributions
$4,398,718
Net investment income
$1,367,841

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.

NameTitleHours / weekCompensation
Bryna Majidi
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Leia Matern
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
Jennifer Svacina
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP, Treas1$0
Darci Timmons
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec1$0
Gregory Timmons
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec1$0
Sarah Timmons
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Dana Whitby
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Leia Matern
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
Jennifer Svacina
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Darci Timmons
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec1$0
Sarah Timmons
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% LEIA MATERN
Signed the 990-PF
Dana Whitby, President
Phone
(800) 839-1754
Return prepared by
Foundation Source

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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
43-6075014
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
1967
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,169,884
Income (IRS master file)
$27,429,146

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,367,841$4,460,685$2,169,884XML
990-PFDecember 2023$905,537$56,918$5,262,728XML
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 43-6075014).

Questions about BESS SPIVA TIMMONS FOUNDATION INC

What is the EIN of BESS SPIVA TIMMONS FOUNDATION INC?
The employer identification number (EIN) of BESS SPIVA TIMMONS FOUNDATION INC is 43-6075014.
Is BESS SPIVA TIMMONS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
Are donations to BESS SPIVA TIMMONS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BESS SPIVA TIMMONS FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of BESS SPIVA TIMMONS FOUNDATION INC 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 BESS SPIVA TIMMONS FOUNDATION INC 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 BESS SPIVA TIMMONS FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does BESS SPIVA TIMMONS FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,367,841, expenses of $4,460,685 and total assets of $2,169,884 at year end.

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