Nonprofit · EIN 45-3029284
BELMONT SAVINGS BANK FOUNDATION
Tax-exempt · BELMONT, MA 02478
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $35,906 | $48,902 | -$12,996 | $927,105 | $0 | $927,105 |
| December 31, 2024 | 990-PF | $166,837 | $2,970,246 | -$2,803,409 | $940,101 | $0 | $940,101 |
| December 31, 2023 | 990-PF | $5,445,171 | $296,853 | $5,148,318 | $3,744,608 | $0 | $3,744,608 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $35,906
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $5,000
- Disbursements for charitable purposes
- $46,826
- Excise tax on investment income
- $480
Balance sheet and other
- Total assets, start of year
- $940,101
- Total assets, end of year
- $927,105
- Total liabilities, end of year
- $0
- Net assets, end of year
- $927,105
- Fair market value of assets
- $927,105
- Qualifying distributions
- $46,826
- Net investment income
- $35,906
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 |
|---|---|---|---|
| Hal R Tovin PO Box 407, Belmont, MA 02478 | Secretary | 0.5 | $2,000 |
| Robert J Morrissey PO Box 407, Belmont, MA 02478 | Chairman | 0.5 | $1,000 |
| M Patricia Brusch PO Box 407, Belmont, MA 02478 | Treasurer | 0.5 | $1,000 |
| S Warren Farrell PO Box 407, Belmont, MA 02478 | Director | 0.5 | $1,000 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert J Morrissey PO Box 407, Belmont, MA 02478 | Chairman | 0.5 | $500 |
| M Patricia Brusch PO Box 407, Belmont, MA 02478 | Treasurer | 0.5 | $500 |
| Hal R Tovin PO Box 407, Belmont, MA 02478 | Secretary | 0.5 | $500 |
| S Warren Farrell PO Box 407, Belmont, MA 02478 | Director | 0.5 | $500 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert J Morrissey PO Box 407, Belmont, MA 02478 | Chairman | 0.5 | $2,500 |
| M Patricia Brusch PO Box 407, Belmont, MA 02478 | Treasurer | 0.5 | $2,500 |
| Hal R Tovin PO Box 407, Belmont, MA 02478 | Secretary | 0.5 | $2,500 |
| S Warren Farrell PO Box 407, Belmont, MA 02478 | Director | 0.5 | $2,500 |
Address and contacts
- Address (IRS master file)
- PO BOX 407, BELMONT, MA 02478-0008
- In care of
- % HAL TOVIN
- Mailing address (990-N for 2013)
- 2 Leonard Street, Belmont MA 02478
- Principal officer (990-N for 2013)
- Hal Tovin, 2 Leonard Street, Belmont MA 02478
- Signed the 990-PF
- Hal R Tovin, Secretary
- Phone
- (617) 290-6216
- Return prepared by
- Baker Newman & Noyes
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
- 45-3029284
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $927,105
- Income (IRS master file)
- $35,906
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $35,906 | $48,902 | $927,105 | IRS |
| 990-PF | December 2024 | $166,837 | $2,970,246 | $940,101 | IRS |
| 990-PF | December 2023 | $5,445,171 | $296,853 | $3,744,608 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-N for 2013 Officer: Hal Tovin | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-3029284).
Questions about BELMONT SAVINGS BANK FOUNDATION
- What is the EIN of BELMONT SAVINGS BANK FOUNDATION?
- The employer identification number (EIN) of BELMONT SAVINGS BANK FOUNDATION is 45-3029284.
- Is BELMONT SAVINGS BANK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BELMONT SAVINGS BANK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BELMONT SAVINGS BANK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BELMONT SAVINGS BANK 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 BELMONT SAVINGS BANK 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 is the principal officer of BELMONT SAVINGS BANK FOUNDATION?
- The 990-N for 2013 names Hal Tovin.
- Who are the officers and directors of BELMONT SAVINGS BANK FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $2,000 (Hal R Tovin, Secretary).
- How much revenue does BELMONT SAVINGS BANK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $35,906, expenses of $48,902 and total assets of $927,105 at year end.
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