Nonprofit · EIN 59-2383209
THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS
Tax-exempt · VERO BEACH, FL 32963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $169,694 | $392,175 | -$222,481 | $3,369,637 | $0 | $3,369,637 |
| December 31, 2023 | 990-PF | $139,324 | $279,127 | -$139,803 | $3,592,118 | $0 | $3,592,118 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $153,274
- Other income
- $16,420
Expenses
- Grants and similar amounts paid
- $360,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $360,171
- Excise tax on investment income
- $1,942
Balance sheet and other
- Total assets, start of year
- $3,592,118
- Total assets, end of year
- $3,369,637
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,369,637
- Fair market value of assets
- $4,938,975
- Qualifying distributions
- $360,171
- Net investment income
- $169,694
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 |
|---|---|---|---|
| PETER B BENEDICT II 607 LANTANA LANE, VERO BEACH, FL 32963 | PRESIDENT | 3 | $0 |
| DAVIS M BENEDICT 607 LANTANA LANE, VERO BEACH, FL 32963 | VICE PRESIDENT | 3 | $0 |
| RANDALL D CORWIN 146 WEST 57TH STREET, NEW YORK, NY 10019 | SECRETARY | 3 | $0 |
| MARK VOSSKAMP 5238 CRYSTAL CREEK DRIVE, ROANOKE, VA 24018 | TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER B BENEDICT II 607 LANTANA LANE, VERO BEACH, FL 32963 | PRESIDENT | 3 | $0 |
| DAVIS M BENEDICT 607 LANTANA LANE, VERO BEACH, FL 32963 | VICE PRESIDENT | 3 | $0 |
| RANDALL D CORWIN 146 WEST 57TH STREET, NEW YORK, NY 10019 | SECRETARY | 3 | $0 |
| MARK VOSSKAMP 5238 CRYSTAL CREEK DRIVE, ROANOKE, VA 24018 | TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 607 LANTANA LN, VERO BEACH, FL 32963-2315
- In care of
- % PATTERSON BELKNAP WEBB & TYLER
- Signed the 990-PF
- PETER B BENEDICT II, CHAIRMAN
- Phone
- (561) 238-3209
- Website
- THEBENEDICTFOUNDATION.ORG
- Return prepared by
- OFFUTT BARTON SCHLITT LLC
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
- 59-2383209
- 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
- 1984
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $3,369,637
- Income (IRS master file)
- $169,694
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $169,694 | $392,175 | $3,369,637 | XML |
| 990-PF | December 2023 | $139,324 | $279,127 | $3,592,118 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | 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 59-2383209).
Questions about THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS
- What is the EIN of THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS?
- The employer identification number (EIN) of THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS is 59-2383209.
- Is THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS 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 BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS 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 BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE BENEDICT FOUNDATION FOR INDEPENDENT SCHOOLS have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $169,694, expenses of $392,175 and total assets of $3,369,637 at year end.
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