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Nonprofit · EIN 58-2479387

CERES FOUNDATION INC

Tax-exempt · CHARLESTON, SC 29401

Financials

$678K$1.9M2023$2.3M$1.8M2024$2M$1.8M2025
Revenue Expenses · by fiscal year end
Financials of CERES FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$2,016,669$1,839,990$176,679$26,997,092$7,559$26,989,533
December 31, 2024990-PF$2,326,736$1,844,636$482,100$27,248,151$8,297$27,239,854
December 31, 2023990-PF$678,307$1,863,218-$1,184,911$26,763,419$5,665$26,757,754
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$487,345
Interest
$307,933
Net gain from sales of assets
$1,217,761
Other income
$3,630

Expenses

Grants and similar amounts paid
$1,047,000
Compensation of officers, directors and key employees
$203,673
Salaries, compensation and benefits (total)
$106,784
Disbursements for charitable purposes
$1,527,877
Excise tax on investment income
$24,617

Balance sheet and other

Total assets, start of year
$27,248,151
Total assets, end of year
$26,997,092
Total liabilities, end of year
$7,559
Net assets, end of year
$26,989,533
Fair market value of assets
$28,931,796
Qualifying distributions
$1,527,877
Net investment income
$2,016,669

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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
STEPHEN L GAVEL
BREWTON PLANTATION, YEMASSEE, SC 29945
PRESIDENT/EXEC. DIRECTOR30$190,000$13,673
FRANK GAVEL JR
14 WILLOW BROOK LANE, NEWTOWN, CT 06470
SECRETARY/VICE PRESIDENT2$0$0
LINDA GAVEL WEBB
3861 COUNTRY CLUB ROAD, TROUTVILLE, VA 24175
TREASURER/VICE PRESIDENT1$0$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensationOther / benefits
STEPHEN L GAVEL
BREWTON PLANTATION, YEMASSEE, SC 29945
PRESIDENT/EXEC. DIRECTOR30$170,841$39,675
FRANK GAVEL JR
14 WILLOW BROOK LANE, NEWTOWN, CT 06470
SECRETARY/VICE PRESIDENT2$0$0
LINDA GAVEL WEBB
3861 COUNTRY CLUB ROAD, TROUTVILLE, VA 24175
TREASURER/VICE PRESIDENT1$0$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensationOther / benefits
STEPHEN L GAVEL
BREWTON PLANTATION, YEMASSEE, SC 29945
PRESIDENT/EXEC. DIRECTOR30$170,841$39,675
FRANK GAVEL JR
14 WILLOW BROOK LANE, NEWTOWN, CT 06470
SECRETARY/VICE PRESIDENT2$0$0
LINDA GAVEL WEBB
3861 COUNTRY CLUB ROAD, TROUTVILLE, VA 24175
TREASURER/VICE PRESIDENT1$0$0

Address and contacts

Address (IRS master file)
328 E BAY ST, CHARLESTON, SC 29401-1593
In care of
% DIANE D TERNI
Signed the 990-PF
STEPHEN GAVEL, EXECUTIVE DIRECTOR
Phone
(843) 377-0782
Return prepared by
Forvis Mazars LLP

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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
58-2479387
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
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$26,997,092
Income (IRS master file)
$12,699,862

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$2,016,669$1,839,990$26,997,092XML
990-PFDecember 2024$2,326,736$1,844,636$27,248,151XML
990-PFDecember 2023$678,307$1,863,218$26,763,419XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 58-2479387).

Questions about CERES FOUNDATION INC

What is the EIN of CERES FOUNDATION INC?
The employer identification number (EIN) of CERES FOUNDATION INC is 58-2479387.
Is CERES FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to CERES FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CERES FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of CERES FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CERES FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of CERES FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $190,000 (STEPHEN L GAVEL, PRESIDENT/EXEC. DIRECTOR).
How much revenue does CERES FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,016,669, expenses of $1,839,990 and total assets of $26,997,092 at year end.

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