Nonprofit · EIN 52-1624545
IVB CORPORATION
Also known as VOLKSWAGEN FOUNDATION
Tax-exempt · SILVER SPRING, MD 20902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $296,595 | $0 | $296,595 | $7,494,776 | $308,396 | $7,186,380 |
| December 31, 2023 | 990 | $703,043 | $0 | $703,043 | $7,521,142 | $291,357 | $7,229,785 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $107
- Net rental income
- $612,065
- Other revenue
- $296,488
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $7,521,142
- Total assets, end of year
- $7,494,776
- Total liabilities, end of year
- $308,396
- Net assets, end of year
- $7,186,380
- Land, buildings and equipment
- $1,953,177
- Gross receipts
- $1,053,366
- Employees
- 0
- Volunteers
- 2
- Year formed
- 1988
- State of legal domicile
- DC
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 |
|---|---|---|---|
| HERMANN MUELLER | DIRECTOR Trustee or director, Officer | 1 | $11,000 |
| ROLF LUTTRINGHAUS | PRESIDENT Trustee or director, Officer | 1 | $11,000 |
| J FREDERICK BERG JR | VICE PRESIDENT Officer | 1 | $11,000 |
| RALPH WERNER | SECRETARY Officer | 1 | $9,513 |
| MARTINA POERSCHKE | DIRECTOR Trustee or director | 1 | $0 |
| CONSTANZE RADKE | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HERMANN MUELLER | DIRECTOR Trustee or director, Officer | 1 | $11,000 |
| RALPH WERNER | SECRETARY Officer | 1 | $10,456 |
| ROLF LUTTRINGHAUS | PRESIDENT Trustee or director, Officer | 1 | $10,000 |
| J FREDERICK BERG JR | VICE PRESIDENT Officer | 1 | $10,000 |
| MARTINA POERSCHKE | DIRECTOR Trustee or director | 1 | $0 |
| CONSTANZE RADKE | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1121 UNIVERSITY BLVD W APT 919, SILVER SPRING, MD 20902-3320
- In care of
- % C BISH CPA
- Principal officer (990 for 2024)
- RALPH WERNER, 1121 UNIVERSITY BLVD WEST 919, SILVER SPRING, MD 20902
- Signed the 990
- RALPH WERNER, SECRETARY
- Phone
- (202) 331-8940
- Return prepared by
- BDO USA
Mission
IVB CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO VOLKSWAGEN-STIFTUNG, AN ORGANIZATION EXEMPT UNDER IRC SEC. 501(C)(3).
Program accomplishments
- NOT APPLICABLE
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 on file |
IRS record
- EIN
- 52-1624545
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,494,776
- Income (IRS master file)
- $1,053,366
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $296,595 | $0 | $7,494,776 | IRS |
| 990 | December 2023 | $703,043 | $0 | $7,521,142 | XML |
| 990 | December 2022 | $254,186 | $0 | $7,170,506 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 52-1624545).
Questions about IVB CORPORATION
- What is the EIN of IVB CORPORATION?
- The employer identification number (EIN) of IVB CORPORATION is 52-1624545.
- Is IVB CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1990.
- Are donations to IVB CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IVB CORPORATION 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 IVB CORPORATION 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 IVB CORPORATION 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 IVB CORPORATION?
- The 990 for the year ended December 31, 2024 names RALPH WERNER.
- Who are the officers and directors of IVB CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 4 received compensation from the organization, the highest $11,000 (HERMANN MUELLER, DIRECTOR).
- How much revenue does IVB CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $296,595, expenses of $0 and total assets of $7,494,776 at year end.
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