Nonprofit · EIN 81-0807556
M K REICHERT STERNLICHT FOUNDATION
Tax-exempt · WILMINGTON, DE 19809
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $26,529,152 | $4,381,736 | $22,147,416 | $99,972,191 | $0 | $99,972,191 |
| December 31, 2023 | 990-PF | $4,661,711 | $4,420,503 | $241,208 | $77,824,775 | $0 | $77,824,775 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,265,279
- Dividends
- $2,347,486
- Interest
- $280,714
- Net gain from sales of assets
- $2,553,543
- Other income
- $82,130
Expenses
- Grants and similar amounts paid
- $3,428,900
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $230,000
- Disbursements for charitable purposes
- $3,893,514
- Excise tax on investment income
- $70,190
Balance sheet and other
- Total assets, start of year
- $77,824,775
- Total assets, end of year
- $99,972,191
- Total liabilities, end of year
- $0
- Net assets, end of year
- $99,972,191
- Fair market value of assets
- $107,321,663
- Qualifying distributions
- $3,893,514
- Net investment income
- $5,346,599
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 |
|---|---|---|---|
| MR RICHARD ZIMMERMAN 3850 N WILKE RD, ARLINGTON HEIGHTS, IL 60004 | EXECUTIVE DIRECTOR Highest-paid employee | 15 | $125,000 |
| Mr James Sternlicht 150 Charles Apt 9c, New York, NY 10014 | DIR OF SPECIAL PROJ Highest-paid employee | 15 | $105,000 |
| Miriam Klein Sternlicht Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres, Sec, Treas | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Richard Zimmerman 3850 N WILKE RD, ARLINGTON HEIGHTS, IL 60004 | Executive Director Highest-paid employee | 15 | $125,000 |
| Mr James Sternlicht 850 N WILKE RD, ARLINGTON HEIGHTS, IL 60004 | DIR OF SPECIAL PROJ Highest-paid employee | 15 | $105,000 |
| Miriam Klein Sternlicht Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres, Sec | 1 | $0 |
Address and contacts
- Address (IRS master file)
- FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- Miriam K Sternlicht, President
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
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
- 81-0807556
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $99,972,191
- Income (IRS master file)
- $38,166,225
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $26,529,152 | $4,381,736 | $99,972,191 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $4,661,711 | $4,420,503 | $77,824,775 | XML |
| 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-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 81-0807556).
Questions about M K REICHERT STERNLICHT FOUNDATION
- What is the EIN of M K REICHERT STERNLICHT FOUNDATION?
- The employer identification number (EIN) of M K REICHERT STERNLICHT FOUNDATION is 81-0807556.
- Is M K REICHERT STERNLICHT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to M K REICHERT STERNLICHT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does M K REICHERT STERNLICHT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of M K REICHERT STERNLICHT FOUNDATION 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 M K REICHERT STERNLICHT FOUNDATION 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 M K REICHERT STERNLICHT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $125,000 (MR RICHARD ZIMMERMAN, EXECUTIVE DIRECTOR).
- How much revenue does M K REICHERT STERNLICHT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $26,529,152, expenses of $4,381,736 and total assets of $99,972,191 at year end.
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