Nonprofit · EIN 85-2225954
BMW FOUNDATION TRUST
Tax-exempt · BROOKLYN, NY 11204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $490,798 | $75,972 | $414,826 | $1,303,825 | $0 | $1,303,825 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $315,000
- Dividends
- $17,556
- Interest
- $506
- Net gain from sales of assets
- $157,736
Expenses
- Grants and similar amounts paid
- $71,770
- Disbursements for charitable purposes
- $71,770
- Excise tax on investment income
- $204
Balance sheet and other
- Total assets, start of year
- $888,999
- Total assets, end of year
- $1,303,825
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,303,825
- Fair market value of assets
- $1,350,686
- Qualifying distributions
- $71,770
- Net investment income
- $18,899
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 |
|---|---|---|---|
| BEN WERTZBERGER 2005 UPMINSTER J, DEERFIELD BEACH, FL 334422816 | TRUSTEE | 0.5 | $0 |
| JACOB WERCZBERGER 1946 52ND STREET, BROOKLYN, NY 112041731 | TRUSTEE | 0.25 | $0 |
| ESTHER DEMBINSKY 6210 19TH AVENUE, BROOKLYN, NY 112042928 | TRUSTEE | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 1634 53RD ST, BROOKLYN, NY 11204-1420
- In care of
- % BEN WERCZBERGER
- Signed the 990-PF
- BEN WERTZBERGER, TRUSTEE
- Phone
- (212) 302-3400
- Return prepared by
- WEISS & 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
- 85-2225954
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $1,303,825
- Income (IRS master file)
- $2,409,952
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $11,643 | $60,805 | $888,999 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BMW FOUNDATION TRUST
- What is the EIN of BMW FOUNDATION TRUST?
- The employer identification number (EIN) of BMW FOUNDATION TRUST is 85-2225954.
- Is BMW FOUNDATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BMW FOUNDATION TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BMW FOUNDATION TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BMW FOUNDATION TRUST 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 BMW FOUNDATION TRUST 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 BMW FOUNDATION TRUST?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BMW FOUNDATION TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $490,798, expenses of $75,972 and total assets of $1,303,825 at year end.
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