Nonprofit · EIN 52-1851638
THE GEORGE L SHIELDS FOUNDATION INC
Tax-exempt · BETHESDA, MD 20814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,012,186 | $2,547,329 | -$535,143 | $24,965,545 | $0 | $24,965,545 |
| December 31, 2023 | 990-PF | $1,979,190 | $2,524,933 | -$545,743 | $25,501,486 | $798 | $25,500,688 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $596,941
- Interest
- $70
- Net rental income
- $442,818
- Net gain from sales of assets
- $961,906
- Other income
- $2,235
Expenses
- Grants and similar amounts paid
- $2,056,000
- Compensation of officers, directors and key employees
- $57,000
- Disbursements for charitable purposes
- $2,056,000
- Excise tax on investment income
- $23,363
Balance sheet and other
- Total assets, start of year
- $25,501,486
- Total assets, end of year
- $24,965,545
- Total liabilities, end of year
- $0
- Net assets, end of year
- $24,965,545
- Fair market value of assets
- $31,814,461
- Qualifying distributions
- $2,056,000
- Net investment income
- $2,010,295
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 |
|---|---|---|---|
| ANN SCHEIN CARLYSS 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | PRES & DIRECTOR | 5 | $45,000 |
| BRUCE MACDONALD 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | DIRECTOR | 2 | $4,000 |
| CAROLYN MOORE 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | DIRECTOR | 2 | $4,000 |
| ROBERT BRENENGEN 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | DIRECTOR | 2 | $4,000 |
| ROBERT M REINER 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | SECRETARY/TREAS | 5 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANN SCHEIN CARLYSS 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | PRES & DIRECTOR | 5 | $45,000 |
| BRUCE MACDONALD 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | DIRECTOR | 2 | $4,000 |
| CAROLYN MOORE 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | DIRECTOR | 2 | $4,000 |
| ROBERT BRENENGEN 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | DIRECTOR | 2 | $4,000 |
| ROBERT M REINER 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | SECRETARY/TREAS | 5 | $0 |
| ERMA MEDGYESY 4416 EAST WEST HIGHWAY 4TH FLOOR, BETHESDA, MD 208144568 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7910 WOODMONT AVE 4TH FL, BETHESDA, MD 20814-3002
- In care of
- % ROBERT M REINER TREASURER
- Signed the 990-PF
- ROBERT M REINER, SECRETARY/TREAS
- Phone
- (301) 634-3125
- Return prepared by
- LSWG PA
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
- 52-1851638
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $24,965,545
- Income (IRS master file)
- $8,547,708
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,012,186 | $2,547,329 | $24,965,545 | XML |
| 990-PF | December 2023 | $1,979,190 | $2,524,933 | $25,501,486 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 52-1851638).
Questions about THE GEORGE L SHIELDS FOUNDATION INC
- What is the EIN of THE GEORGE L SHIELDS FOUNDATION INC?
- The employer identification number (EIN) of THE GEORGE L SHIELDS FOUNDATION INC is 52-1851638.
- Is THE GEORGE L SHIELDS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to THE GEORGE L SHIELDS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE GEORGE L SHIELDS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE GEORGE L SHIELDS FOUNDATION 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 THE GEORGE L SHIELDS FOUNDATION INC 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 THE GEORGE L SHIELDS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $45,000 (ANN SCHEIN CARLYSS, PRES & DIRECTOR).
- How much revenue does THE GEORGE L SHIELDS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,012,186, expenses of $2,547,329 and total assets of $24,965,545 at year end.
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