Nonprofit · EIN 59-2424272
DR M LEE PEARCE FOUNDATION INC
Tax-exempt · MIAMI BEACH, FL 33140
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $138,251,674 | $6,077,577 | $132,174,097 | $174,304,900 | $814,805 | $173,490,095 |
| December 31, 2023 | 990-PF (amended) | $1,025,553 | $2,261,089 | -$1,235,536 | $41,259,116 | $925,290 | $40,333,826 |
| December 31, 2022 | 990-PF (amended) | $19,657,729 | $1,339,947 | $18,317,782 | $38,361,205 | $7,734 | $38,353,471 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $133,102,649
- Dividends
- $1,302,870
- Net gain from sales of assets
- $2,878,827
- Other income
- $967,328
Expenses
- Grants and similar amounts paid
- $5,057,350
- Compensation of officers, directors and key employees
- $109,500
- Disbursements for charitable purposes
- $5,560,723
- Excise tax on investment income
- $64,743
Balance sheet and other
- Total assets, start of year
- $41,259,116
- Total assets, end of year
- $174,304,900
- Total liabilities, end of year
- $814,805
- Net assets, end of year
- $173,490,095
- Fair market value of assets
- $174,304,900
- Qualifying distributions
- $5,623,124
- Net investment income
- $5,145,862
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 |
|---|---|---|---|
| MICHAEL A CARPENTER 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | CHAIR, PRES. & DIRECTOR | 5 | $21,500 |
| ROBERT POTTS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | VICE PRESIDENT & DIRECTOR | 3 | $14,000 |
| JEFFREY W BOLTON 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | TREASURER, DIRECTOR | 3 | $13,000 |
| TATJANA RUNDEK MD PHD 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $9,000 |
| SUSAN FEDER 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| YULIETH FRANCO 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| MARC SCORCA 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| ANDRE TERZIC MD PHD 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| MARK VOLPE 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| JOSEPH B MARTIN 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $7,000 |
| PATRICIA E HOPKINS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | SECRETARY | 1 | $2,500 |
| SCOTT A KENT 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | ASSISTANT TREASURER | 1 | $2,500 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES DOUGLAS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | CHAIR, PRES. & DIRECTOR TIL 9/8 | 5 | $15,375 |
| MICHAEL CARPENTER 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | CHAIR & PRESIDENT AS OF 10/18 | 5 | $14,875 |
| ROBERT POTTS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | VICE PRESIDENT & DIRECTOR | 3 | $13,000 |
| JEFFREY BOLTON 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $9,250 |
| TATJANA RUNDEK 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| YULIETH FRANCO 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| JOSEPH MARTIN 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $7,000 |
| PATRICIA HOPKINS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | ASSISTANT SECRETARY | 1 | $2,500 |
| SCOTT KENT 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | MEMBER | 1 | $2,500 |
| RICHARD INGLIS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | SECRETARY & TREASURER TIL 12/14 | 1 | $2,500 |
990-PF for the year ended December 31, 2022: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES DOUGLAS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | CHAIRMAN, PRESIDENT & DIRECTOR | 6 | $21,500 |
| ROBERT POTTS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | VICE PRESIDENT & DIRECTOR | 3 | $14,000 |
| MICHAEL CARPENTER 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | EXECUTIVE VICE PRESIDENT | 3 | $14,000 |
| YULIETH FRANCO 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $9,000 |
| JEFFREY BOLTON 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $9,000 |
| TATJANA RUNDEK 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $8,000 |
| JOSEPH MARTIN 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | DIRECTOR | 2 | $7,000 |
| RICHARD INGLIS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | SECRETARY & TREASURER | 1 | $2,500 |
| SCOTT KENT 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | ASSISTANT TREASURER | 1 | $2,500 |
| PATRICIA HOPKINS 777 ARTHUR GODFREY ROAD STE 400, MIAMI BEACH, FL 33140 | ASSISTANT SECRETARY | 1 | $2,500 |
Address and contacts
- Address (IRS master file)
- 777 ARTHUR GODFREY RD STE 400, MIAMI BEACH, FL 33140-3447
- In care of
- % PATRICIA HOPKINS
- Signed the 990-PF
- MICHAEL A CARPENTER, CHAIRMAN, PRESIDENT & DIRECTOR
- Phone
- (305) 861-7701
- Return prepared by
- CITRIN COOPERMAN ADVISORS 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
- 59-2424272
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $174,304,900
- Income (IRS master file)
- $158,201,509
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $138,251,674 | $6,077,577 | $174,304,900 | XML |
| 990-PF | December 2023 | $1,025,553 | $2,261,089 | $41,259,116 | XML |
| 990-PF | December 2022 | $19,657,729 | $1,339,947 | $38,361,205 | XML |
| 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 59-2424272).
Questions about DR M LEE PEARCE FOUNDATION INC
- What is the EIN of DR M LEE PEARCE FOUNDATION INC?
- The employer identification number (EIN) of DR M LEE PEARCE FOUNDATION INC is 59-2424272.
- Is DR M LEE PEARCE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to DR M LEE PEARCE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DR M LEE PEARCE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DR M LEE PEARCE 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 DR M LEE PEARCE 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 DR M LEE PEARCE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $21,500 (MICHAEL A CARPENTER, CHAIR, PRES. & DIRECTOR).
- How much revenue does DR M LEE PEARCE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $138,251,674, expenses of $6,077,577 and total assets of $174,304,900 at year end.
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