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Nonprofit · EIN 47-3289963

BAND FOUNDATION

Tax-exempt · WILMINGTON, DE 19809

Financials

$15.3M$7.7M2023$23.3M$8M2024
Revenue Expenses · by fiscal year end
Financials of BAND FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$23,273,660$7,995,500$15,278,160$147,837,595$0$147,837,595
December 31, 2023990-PF$15,252,124$7,663,169$7,588,955$132,559,220$0$132,559,220
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,588,374
Dividends
$5,375,168
Interest
$164,927
Net gain from sales of assets
$7,087,660
Other income
$57,531

Expenses

Grants and similar amounts paid
$7,220,536
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$7,407,488
Excise tax on investment income
$274,407

Balance sheet and other

Total assets, start of year
$132,559,220
Total assets, end of year
$147,837,595
Total liabilities, end of year
$0
Net assets, end of year
$147,837,595
Fair market value of assets
$160,889,396
Qualifying distributions
$7,407,488
Net investment income
$20,160,307

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
Burks B Lapham
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Chair, Dir1$0
Gardiner O Lapham
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir5$0
Nicholas P Lapham
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Treas, Dir, Pres30$0
Clark Mitchell
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec10$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Burks B Lapham
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Chair, Dir1$0
Gardiner O Lapham
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir5$0
Nicholas P Lapham
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Treas, Dir, Pres30$0
Clark Mitchell
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec10$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
NICHOLAS P LAPHAM, 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
47-3289963
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
2015
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$147,837,595
Income (IRS master file)
$86,585,733

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$23,273,660$7,995,500$147,837,595XML
990-TDecember 2024–––IRS
990-PFDecember 2023$15,252,124$7,663,169$132,559,220XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 47-3289963).

Questions about BAND FOUNDATION

What is the EIN of BAND FOUNDATION?
The employer identification number (EIN) of BAND FOUNDATION is 47-3289963.
Is BAND FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to BAND FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BAND FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of BAND 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 BAND 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 BAND FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does BAND FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $23,273,660, expenses of $7,995,500 and total assets of $147,837,595 at year end.

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