Nonprofit · EIN 85-2277927
MILKY WAY RESEARCH FOUNDATION
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $2,968,211 | $7,976,878 | -$5,008,667 | $198,227 | $0 | $198,227 |
| May 31, 2024 | 990-PF | $18,181,812 | $13,157,350 | $5,024,462 | $5,206,894 | $0 | $5,206,894 |
| May 31, 2023 | 990-PF | $30,038,500 | $26,997,009 | $3,041,491 | $3,832,047 | $3,649,615 | $182,432 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $2,967,177
- Other income
- $1,034
Expenses
- Grants and similar amounts paid
- $7,899,074
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $7,976,878
Balance sheet and other
- Total assets, start of year
- $5,206,894
- Total assets, end of year
- $198,227
- Total liabilities, end of year
- $0
- Net assets, end of year
- $198,227
- Fair market value of assets
- $198,227
- Qualifying distributions
- $7,976,878
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD KLAUSNER 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, PRESIDENT & TREASURER | 1 | $0 |
| JAMES A HUTCHINSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, SECRETARY | 1 | $0 |
990-PF for the year ended May 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD KLAUSNER 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, PRESIDENT & TREASURER | 1 | $0 |
| JAMES A HUTCHINSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, SECRETARY | 1 | $0 |
990-PF for the year ended May 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD KLAUSNER 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, PRESIDENT & TREASURER | 1 | $0 |
| JAMES A HUTCHINSON 1900 N STREET NW, WASHINGTON, DC 20036 | DIRECTOR, SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 N STREET NW, WASHINGTON, DC 20036-1656
- In care of
- % JAMES A HUTCHINSON ESQ
- Signed the 990-PF
- JAMES A HUTCHINSON, DIRECTOR, SECRETARY
- Phone
- (202) 346-4293
- Return prepared by
- ERNST & YOUNG US 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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-2277927
- 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
- 2023
- Accounting year ends
- May
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $198,227
- Income (IRS master file)
- $2,968,211
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $2,968,211 | $7,976,878 | $198,227 | XML |
| 990-PF | May 2024 | $18,181,812 | $13,157,350 | $5,206,894 | XML |
| 990-PF | May 2023 | $30,038,500 | $26,997,009 | $3,832,047 | XML |
| 990-PF | May 2022 | – | – | – | IRS |
| 990-PF | May 2021 | – | – | – | 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 85-2277927).
Questions about MILKY WAY RESEARCH FOUNDATION
- What is the EIN of MILKY WAY RESEARCH FOUNDATION?
- The employer identification number (EIN) of MILKY WAY RESEARCH FOUNDATION is 85-2277927.
- Is MILKY WAY RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MILKY WAY RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MILKY WAY RESEARCH FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MILKY WAY RESEARCH FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILKY WAY RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of MILKY WAY RESEARCH FOUNDATION?
- The 990-PF for the year ended May 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MILKY WAY RESEARCH FOUNDATION have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $2,968,211, expenses of $7,976,878 and total assets of $198,227 at year end.
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