Nonprofit · EIN 47-5566794
2M FOUNDATION
Tax-exempt · HILLSBOROUGH, CA 94010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $93,594 | $330,864 | -$237,270 | $8,490,028 | $2,291 | $8,487,737 |
| December 31, 2023 | 990-PF | $56,920 | $424,208 | -$367,288 | $6,566,585 | $1,189 | $6,565,396 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $89,270
- Interest
- $531
- Net gain from sales of assets
- $3,262
- Other income
- $531
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,000
- Salaries, compensation and benefits (total)
- $52,000
- Disbursements for charitable purposes
- $213,477
Balance sheet and other
- Total assets, start of year
- $6,566,585
- Total assets, end of year
- $8,490,028
- Total liabilities, end of year
- $2,291
- Net assets, end of year
- $8,487,737
- Fair market value of assets
- $8,490,028
- Qualifying distributions
- $213,477
- Net investment income
- $93,594
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 |
|---|---|---|---|
| ELIZABETH HORN 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | PRESIDENT | 60 | $75,000 |
| ASHLEY P GOOD 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | LAB DIRECTOR Highest-paid employee | 40 | $52,000 |
| ZACHARY NELSON 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | SECRETARY | 2 | $0 |
| JANINE BISHARAT 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH HORN 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | PRESIDENT | 60 | $75,000 |
| ASHLEY P GOOD 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | LAB DIRECTOR Highest-paid employee | 40 | $52,000 |
| ZACHARY NELSON 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | SECRETARY | 2 | $0 |
| JANINE BISHARAT 800 OAK GROVE AVENUE SUITE 200, MENLO PARK, CA 94025 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 865 BLACK MOUNTAIN RD, HILLSBOROUGH, CA 94010-7062
- In care of
- % JANINE BISHARAT
- Signed the 990-PF
- ELIZABETH HORN, DIRECTOR
- Phone
- (650) 328-2758
- Website
- WWW.2MFOUNDATION.ORG
- Return prepared by
- KARUNA ADVISORS
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
- 47-5566794
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $8,490,028
- Income (IRS master file)
- $367,918
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $93,594 | $330,864 | $8,490,028 | XML |
| 990-PF | December 2023 | $56,920 | $424,208 | $6,566,585 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about 2M FOUNDATION
- What is the EIN of 2M FOUNDATION?
- The employer identification number (EIN) of 2M FOUNDATION is 47-5566794.
- Is 2M FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to 2M FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does 2M FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of 2M 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 2M 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 2M FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $75,000 (ELIZABETH HORN, PRESIDENT).
- How much revenue does 2M FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $93,594, expenses of $330,864 and total assets of $8,490,028 at year end.
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All nonprofits in HILLSBOROUGH · California · Philanthropy, voluntarism and grantmaking foundations