Nonprofit · EIN 85-4125921
MADELINE AND ARNOLD SCHUSTER FOUNDATION INC
Tax-exempt · PALM BEACH, FL 33480
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $63,013 | $63,764 | -$751 | $874,751 | $0 | $874,751 |
| December 31, 2024 | 990-PF | $33,550 | $74,655 | -$41,105 | $875,132 | $0 | $875,132 |
| December 31, 2023 | 990-PF | $31,969 | $57,195 | -$25,226 | $896,805 | $0 | $896,805 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $35,466
- Interest
- $1
- Net gain from sales of assets
- $27,546
Expenses
- Grants and similar amounts paid
- $56,500
- Disbursements for charitable purposes
- $63,764
- Excise tax on investment income
- $775
Balance sheet and other
- Total assets, start of year
- $875,132
- Total assets, end of year
- $874,751
- Total liabilities, end of year
- $0
- Net assets, end of year
- $874,751
- Fair market value of assets
- $984,350
- Qualifying distributions
- $63,764
- Net investment income
- $63,013
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MADELINE SCHUSTER 2770 S OCEAN BLVD S503, PALM BEACH, FL 33480 | PRES & TREASURER | 1 | $0 |
| ARNOLD SCHUSTER 2770 S OCEAN BLVD S503, PALM BEACH, FL 33480 | VICE PRES | 1 | $0 |
| RALPH E LERNER 1065 PARK AVENUE 15-A, NEW YORK, NY 10128 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MADELINE SCHUSTER 2770 S OCEAN BLVD S503, PALM BEACH, FL 33480 | PRES & TREASURER | 1 | $0 |
| ARNOLD SCHUSTER 2770 S OCEAN BLVD S503, PALM BEACH, FL 33480 | VICE PRES | 1 | $0 |
| RALPH E LERNER 1065 PARK AVENUE 15-A, NEW YORK, NY 10128 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MADELINE SCHUSTER 2770 S OCEAN BLVD S503, PALM BEACH, FL 33480 | PRES & TREASURER | 1 | $0 |
| ARNOLD SCHUSTER 2770 S OCEAN BLVD S503, PALM BEACH, FL 33480 | VICE PRES | 1 | $0 |
| RALPH E LERNER 1065 PARK AVENUE 15-A, NEW YORK, NY 10128 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2770 S OCEAN BOULEVARD, PALM BEACH, FL 33480-5595
- In care of
- % ARNOLD SCHUSTER
- Signed the 990-PF
- ARNOLD SCHUSTER, VICE PRESIDENT
- Phone
- (415) 509-4222
- Return prepared by
- COREY E LEVINE CPA PA
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 | 990-PF 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
- 85-4125921
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $874,751
- Income (IRS master file)
- $264,232
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $63,013 | $63,764 | $874,751 | IRS |
| 990-PF | December 2024 | $33,550 | $74,655 | $875,132 | XML |
| 990-PF | December 2023 | $31,969 | $57,195 | $896,805 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 85-4125921).
Questions about MADELINE AND ARNOLD SCHUSTER FOUNDATION INC
- What is the EIN of MADELINE AND ARNOLD SCHUSTER FOUNDATION INC?
- The employer identification number (EIN) of MADELINE AND ARNOLD SCHUSTER FOUNDATION INC is 85-4125921.
- Is MADELINE AND ARNOLD SCHUSTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MADELINE AND ARNOLD SCHUSTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MADELINE AND ARNOLD SCHUSTER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MADELINE AND ARNOLD SCHUSTER 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 MADELINE AND ARNOLD SCHUSTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MADELINE AND ARNOLD SCHUSTER FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MADELINE AND ARNOLD SCHUSTER FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $63,013, expenses of $63,764 and total assets of $874,751 at year end.
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