Nonprofit · EIN 85-3446892
CANDLEWOOD LAKE FOUNDATION INC
Tax-exempt · NEW MILFORD, CT 06776
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $62,698 | $69,023 | -$6,325 | $20,578 | – | $20,578 |
| December 31, 2024 | 990-EZ | $38,225 | $18,273 | $19,952 | $26,903 | $0 | $26,903 |
| December 31, 2023 | 990-EZ | $53,047 | $69,188 | -$16,141 | $32,744 | $34,932 | -$2,188 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $21,525
- Program service revenue
- $41,162
- Investment income
- $11
Expenses
- Grants and similar amounts paid
- $28,590
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $39,526
- Printing, publications and postage
- $907
Balance sheet and other
- Total assets, start of year
- $26,903
- Total assets, end of year
- $20,578
- Total liabilities, end of year
- –
- Net assets, end of year
- $20,578
- Cash, savings and investments
- $20,578
- Gross receipts
- $62,698
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Sylvester | Executive Director | 5 | $0 |
| Clara Bruno | Director | 1 | $0 |
| John Rynn | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Sylvester | Exec Director | 5 | $0 |
| John Rynn | Director | 1 | $0 |
| Clara Barnett | Secretary | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Sylvester | President/Treasurer | 5 | $0 |
| Clara Barnett | Secretary | 5 | $0 |
| John Rynn | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11 CHIMNEY POINT RD, NEW MILFORD, CT 06776-4759
- Mailing address (990-N for 2022)
- 11 Chimney Point Rd, New Milford CT 06776
- Principal officer (990-N for 2022)
- Michael Sylvester, 11 Chimney Point Rd, New Milford CT 06776
- Signed the 990-EZ
- Michael Sylvester, Executive Director
- Phone
- (410) 707-8447
Mission
The Candlewood Lake Foundation, Inc. is organized to raise funds and distribute grants in support of cancer care, heart health initiatives, and local community wellness programs. The Foundation operates exclusively for charitable purposes and provides financial assistance to organizations that deliver health-related and community-based services.
Program accomplishments
- During the 2025 tax year, the Foundation awarded grants totaling $28,589.73 to qualified charitable recipients supporting: Toys for Tots charitable program support Cancer-related programs and patient assistance Heart health education and prevention initiatives Local community charitable organizations Grant funds were distributed to advance direct charitable services, improve community health outcomes, and provide financial assistance to organizations serving individuals and families in need. These grants represent the Foundations primary charitable activity and directly further its exempt purpose.grants $28,598
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-3446892
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P58)
- Assets (IRS master file)
- $20,578
- Income (IRS master file)
- $62,698
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $62,698 | $69,023 | $20,578 | IRS |
| 990-EZ | December 2024 | $38,225 | $18,273 | $26,903 | XML |
| 990-EZ | December 2023 | $53,047 | $69,188 | $32,744 | XML |
| 990-N for 2022 Officer: Michael Sylvester | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Michael Sylvester | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3446892).
Questions about CANDLEWOOD LAKE FOUNDATION INC
- What is the EIN of CANDLEWOOD LAKE FOUNDATION INC?
- The employer identification number (EIN) of CANDLEWOOD LAKE FOUNDATION INC is 85-3446892.
- Is CANDLEWOOD LAKE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CANDLEWOOD LAKE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CANDLEWOOD LAKE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CANDLEWOOD LAKE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CANDLEWOOD LAKE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of CANDLEWOOD LAKE FOUNDATION INC?
- The 990-N for 2022 names Michael Sylvester.
- Who are the officers and directors of CANDLEWOOD LAKE FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CANDLEWOOD LAKE FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $62,698, expenses of $69,023 and total assets of $20,578 at year end.
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