Nonprofit · EIN 59-0812783
QUANTUM FOUNDATION INC
Tax-exempt · WEST PALM BCH, FL 33407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $12,281,286 | $9,943,843 | $2,337,443 | $171,195,027 | $2,832,163 | $168,362,864 |
| December 31, 2023 | 990-PF | $10,298,425 | $9,414,631 | $883,794 | $162,221,360 | $2,384,201 | $159,837,159 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $2,261,691
- Net gain from sales of assets
- $4,100,222
- Other income
- $5,919,373
Expenses
- Grants and similar amounts paid
- $6,151,684
- Compensation of officers, directors and key employees
- $638,812
- Salaries, compensation and benefits (total)
- $695,858
- Disbursements for charitable purposes
- $7,961,298
- Excise tax on investment income
- $155,783
Balance sheet and other
- Total assets, start of year
- $162,221,360
- Total assets, end of year
- $171,195,027
- Total liabilities, end of year
- $2,832,163
- Net assets, end of year
- $168,362,864
- Fair market value of assets
- $171,195,027
- Qualifying distributions
- $7,961,298
- Net investment income
- $12,059,762
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 | Other / benefits |
|---|---|---|---|---|
| ERIC M KELLY 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | PRESIDENT | 40 | $365,807 | $0 |
| JOE PASKOSKI 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | CFO/VP OF ADMINISTRATION | 40 | $273,005 | $0 |
| SHANNON N HAWKINS 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | DIRECTOR OF COMMUNIT Highest-paid employee | 40 | $149,013 | $4,800 |
| CAMDEN BAGGS 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | MANAGING DIRECTOR Highest-paid employee | 40 | $121,002 | $0 |
| NATHANIEL COUSINEAU 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | VP OF COMMUNITY GRAN Highest-paid employee | 40 | $111,511 | $0 |
| RAPHAEL CLEMENTE 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $103,005 | $0 |
| ELSA C BLANCO-BRIDGEN 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | GRANTS MANAGER Highest-paid employee | 40 | $80,018 | $4,800 |
| BRIAN KIRKPATRICK 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | CHAIRMAN | 2 | $0 | $0 |
| DR RONALD ROMEAR 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | VICE CHAIR | 2 | $0 | $0 |
| DANIEL ALBERTTIS 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 | $0 |
| YOLETTE BONNET 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 | $0 |
| JEANNETTE M CORBETT 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 | $0 |
| DR KARL DHANA 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 | $0 |
| MICHAEL J DIXON 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 | $0 |
| BRADLEY HURTSON 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE JACOBS 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 |
| SHAUN MCGRUDER 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 |
| WILLIAM A MEYER 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 |
| STEPHEN C MOORE 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 |
| DR GERALD J O'CONNOR 500 COLUMBIA DRIVE SUITE 101, WEST PALM BEACH, FL 33409 | TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC M KELLY 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | PRESIDENT | 40 | $354,861 | $30,000 |
| JOE PASKOSKI 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | CFO/VP OF ADMINISTRATION | 40 | $265,003 | $0 |
| RANDY SCHEID 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | CHIEF STRATEGY OFFICER | 40 | $165,114 | $1,425 |
| SHANNON N HAWKINS 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | DIRECTOR OF COMMUNIT Highest-paid employee | 40 | $144,005 | $4,800 |
| NATHANIEL COUSINEAU 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | PROGRAM OFFICER Highest-paid employee | 40 | $111,822 | $1,488 |
| CAMDEN BAGGS 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | PROJECT MANAGER Highest-paid employee | 40 | $103,008 | $0 |
| C 'JON ARMSTEAD 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | PROGRAM OFFICER Highest-paid employee | 40 | $98,512 | $0 |
| DEBORAH DIAMOND 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | EXECUTIVE ASSISTANT Highest-paid employee | 40 | $75,002 | $21,001 |
| BRIAN KIRKPATRICK 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | CHAIRMAN | 2 | $0 | $0 |
| DR RONALD ROMEAR 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | VICE CHAIR | 2 | $0 | $0 |
| DANIEL ALBERTTIS 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| YOLETTE BONNET 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| JEANNETTE M CORBETT 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| DR KARL DHANA 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| MICHAEL J DIXON 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| MICHELE JACOBS 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| SHAUN MCGRUDER 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| WILLIAM A MEYER 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| STEPHEN C MOORE 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
| DR GERALD J O'CONNOR 2701 N AUSTRALIAN AVENUE 200, WEST PALM BEACH, FL 33407 | TRUSTEE | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2701 N AUSTRALIAN AVE STE 200, WEST PALM BCH, FL 33407-4525
- Signed the 990-PF
- JOE PASKOSKI, CFO
- Phone
- (561) 832-7497
- Website
- WWW.QUANTUMFND.ORG
- Return prepared by
- TEMPLETON & COMPANY 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 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
- 59-0812783
- 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
- 1959
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Health care (E22)
- Assets (IRS master file)
- $171,195,027
- Income (IRS master file)
- $30,892,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $12,281,286 | $9,943,843 | $171,195,027 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | – | – | – | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 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 59-0812783).
Questions about QUANTUM FOUNDATION INC
- What is the EIN of QUANTUM FOUNDATION INC?
- The employer identification number (EIN) of QUANTUM FOUNDATION INC is 59-0812783.
- Is QUANTUM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to QUANTUM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does QUANTUM FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of QUANTUM 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 QUANTUM 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 QUANTUM FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 20 people; 7 received compensation from the organization, the highest $365,807 (ERIC M KELLY, PRESIDENT).
- How much revenue does QUANTUM FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $12,281,286, expenses of $9,943,843 and total assets of $171,195,027 at year end.
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