Nonprofit · EIN 46-5256148
PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC
Tax-exempt · P C BEACH, FL 32407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $244,273 | $320,156 | -$75,883 | $260,971 | $493,213 | -$232,242 |
| December 31, 2023 | 990-EZ | -$14,960 | $49,764 | -$64,724 | $169,451 | $325,810 | -$156,359 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net income from sales of inventory
- $244,273
- Other revenue
- $244,273
Expenses
- Grants and similar amounts paid
- $12,061
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $87,903
- Salaries, compensation and benefits (total)
- $95,622
- Professional fundraising fees
- $0
- Accounting fees
- $3,720
- Travel
- $750
- Depreciation
- $5,642
- Program services (functional)
- $320,156
Balance sheet and other
- Total assets, start of year
- $169,451
- Total assets, end of year
- $260,971
- Total liabilities, end of year
- $493,213
- Net assets, end of year
- -$232,242
- Gross receipts
- $696,862
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- FL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Prashant Shah | Chairman and President Officer | 40 | $55,500 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Prashant Shah | Chairman and President | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 8015 FRONT BEACH RD, P C BEACH, FL 32407-4818
- In care of
- % PRASHANT SHAH
- Principal officer (990 for 2024)
- Prashant Shah, 8015 FRONT BEACH RD, P C BEACH, FL 324074818
- Signed the 990
- Prashant Shah, President
- Phone
- (850) 258-9602
Mission
To Enhance the Lives of Needy people within Panama City Beach surrounding locations and contributing to other philanthropic endeavors for the benefit of 1. religious activities 2. healthcare 3. schools 4. Shelters for battered women and children and 5. other philanthropic Needs
Program accomplishments
- To Enhance the Lives of Needy people within Panama City Beach surrounding locations and contributing to other philanthropic endeavors for the benefit of 1. religious activities 2. healthcare 3. schools 4. Shelters for battered women and children and 5. other philanthropic NeedsExpenses $320,156
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 46-5256148
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S01)
- Assets (IRS master file)
- $260,971
- Income (IRS master file)
- $696,862
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $244,273 | $320,156 | $260,971 | IRS |
| 990-EZ | December 2023 | -$14,960 | $49,764 | $169,451 | XML |
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 46-5256148).
Questions about PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC
- What is the EIN of PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC?
- The employer identification number (EIN) of PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC is 46-5256148.
- Is PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE 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 PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names Prashant Shah.
- Who are the officers and directors of PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $55,500 (Prashant Shah, Chairman and President).
- How much revenue does PANAMA CITY BEACH CHARITABLE GIVING INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $244,273, expenses of $320,156 and total assets of $260,971 at year end.
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