Nonprofit · EIN 87-4109956
ACESO FOUNDATION INC
Tax-exempt · BLOOMINGTON, IN 47401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,256,757 | $5,247,220 | -$1,990,463 | $72,842,773 | $0 | $72,842,773 |
| December 31, 2023 | 990-PF | $3,776,105 | $3,934,297 | -$158,192 | $75,287,325 | $0 | $75,287,325 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $460,356
- Dividends
- $1,859,872
- Interest
- $309,609
- Net gain from sales of assets
- $606,686
- Other income
- $20,234
Expenses
- Grants and similar amounts paid
- $4,571,389
- Compensation of officers, directors and key employees
- $134,623
- Disbursements for charitable purposes
- $4,812,117
- Excise tax on investment income
- $32,593
Balance sheet and other
- Total assets, start of year
- $75,287,325
- Total assets, end of year
- $72,842,773
- Total liabilities, end of year
- $0
- Net assets, end of year
- $72,842,773
- Fair market value of assets
- $88,876,684
- Qualifying distributions
- $4,812,117
- Net investment income
- $2,779,907
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 | Other / benefits |
|---|---|---|---|---|
| VERA FLOCKE 6255 E KENT ROAD, BLOOMINGTON, IN 47401 | SECRETARY & EXECUTIVE DIRECTOR | 40 | $134,623 | $26,660 |
| MARK VELDMAN 6255 E KENT ROAD, BLOOMINGTON, IN 47401 | PRESIDENT & TREASURER | 1 | $0 | $0 |
| NICOLE SCHONEMANN 6255 E KENT ROAD, BLOOMINGTON, IN 47401 | VICE PRESIDENT | 3 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VERA FLOCKE 642 N MADISON ST, BLOOMINGTON, IN 47404 | SECRETARY & EXECUTIVE DIRECTOR | 40 | $137,308 |
| MARK VELDMAN 642 N MADISON ST, BLOOMINGTON, IN 47404 | PRESIDENT & TREASURER | 1 | $0 |
| NICOLE SCHONEMANN 642 N MADISON ST, BLOOMINGTON, IN 47404 | VICE PRESIDENT | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 6255 E KENT RD, BLOOMINGTON, IN 47401-8508
- Signed the 990-PF
- MARK VELDMAN, PRESIDENT/TREASURER
- Phone
- (312) 670-7444
- Return prepared by
- OSTROW REISIN BERK & ABRAMS LTD
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
- 87-4109956
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W12)
- Assets (IRS master file)
- $72,842,773
- Income (IRS master file)
- $9,288,077
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,256,757 | $5,247,220 | $72,842,773 | XML |
| 990-PF | December 2023 | $3,776,105 | $3,934,297 | $75,287,325 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 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 87-4109956).
Questions about ACESO FOUNDATION INC
- What is the EIN of ACESO FOUNDATION INC?
- The employer identification number (EIN) of ACESO FOUNDATION INC is 87-4109956.
- Is ACESO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to ACESO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ACESO FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ACESO FOUNDATION INC 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 ACESO FOUNDATION INC 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 ACESO FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $134,623 (VERA FLOCKE, SECRETARY & EXECUTIVE DIRECTOR).
- How much revenue does ACESO FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,256,757, expenses of $5,247,220 and total assets of $72,842,773 at year end.
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