Nonprofit · EIN 86-2089847
PSM FOUNDATION
Tax-exempt · CLARKSVILLE, MD 21029
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $89,170 | $45,934 | $43,236 | $583,646 | $524,000 | $59,646 |
| December 31, 2023 | 990-EZ | $88,000 | $70,587 | $17,413 | $35,410 | $19,000 | $16,410 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $72,500
- Program service revenue
- $0
- Investment income
- $16,670
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $36,136
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $298
- Program services (functional)
- $45,934
Balance sheet and other
- Total assets, start of year
- $35,410
- Total assets, end of year
- $583,646
- Total liabilities, end of year
- $524,000
- Net assets, end of year
- $59,646
- Gross receipts
- $89,170
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- MD
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DILIP PATEL | TRUSTEE Trustee or director | 5 | $0 |
| PHALGUNI PATEL | TRUSTEE Trustee or director | 5 | $0 |
| SHEEL PATEL | TRUSTEE Trustee or director | 5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DILIP PATEL | TRUSTEE | 5 | $0 |
| PHALGUNI PATEL | TRUSTEE | 5 | $0 |
| SHEEL PATEL | TRUSTEE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 12901 WEXFORD PARK, CLARKSVILLE, MD 21029-1401
- In care of
- % DILIP PATEL
- Mailing address (990-N for 2021)
- 12901 WEXFORD PARK, CLARKSVILLE MD 21029
- Principal officer (990-N for 2021)
- DILIP V PATEL, 12901 WEXFORD PARK, CLARKSVILLE MD 21029
- Signed the 990
- DILIP PATEL, TRUSTEE
- Phone
- (240) 506-3744
- Return prepared by
- The Accountant LLC
Mission
STARTED RELIGIOUS, EDUCATIONAL AND SOCIAL ACTIVITIES
Program accomplishments
- STARTED RELIGIOUS, EDUCATIONAL AND SOCIAL ACTIVITIESExpenses $45,934
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-2089847
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $583,646
- Income (IRS master file)
- $89,170
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $89,170 | $45,934 | $583,646 | XML |
| 990-EZ | December 2023 | $88,000 | $70,587 | $35,410 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: DILIP V PATEL | December 31, 2021 | ≤ $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 86-2089847).
Questions about PSM FOUNDATION
- What is the EIN of PSM FOUNDATION?
- The employer identification number (EIN) of PSM FOUNDATION is 86-2089847.
- Is PSM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PSM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PSM FOUNDATION 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 PSM 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 PSM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PSM FOUNDATION?
- The 990-N for 2021 names DILIP V PATEL.
- Who are the officers and directors of PSM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PSM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $89,170, expenses of $45,934 and total assets of $583,646 at year end.
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All nonprofits in CLARKSVILLE · Maryland · International, foreign affairs and national security