Nonprofit · EIN 88-0741088
PALMS 23 FOUNDATION
Tax-exempt · BENNETT, CO 80102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,587 | $3,483 | $104 | $49,082 | $0 | $49,082 |
| December 31, 2023 | 990 | $50,573 | $1,595 | $48,978 | $48,978 | $0 | $48,978 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,587
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,000
- Program services (functional)
- $3,478
- Management and general (functional)
- $5
Balance sheet and other
- Total assets, start of year
- $48,978
- Total assets, end of year
- $49,082
- Total liabilities, end of year
- $0
- Net assets, end of year
- $49,082
- Publicly traded securities
- $48,978
- Gross receipts
- $3,587
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- CO
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 |
|---|---|---|---|
| Steve Muth | Director Trustee or director, Officer | 0 | $0 |
| Joanna Sawyer | Director Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve Muth | Director Trustee or director, Officer | 0 | $0 |
| Joanna Sawyer | Director Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 47007 COUNTY ROAD 53, BENNETT, CO 80102-9218
- In care of
- % STEVE E MUTH
- Principal officer (990 for 2024)
- Steve Muth, 47007 County Road 53, Bennett, CO 80102
- Signed the 990
- Joanna D Sawyer, Officer
- Phone
- (612) 598-8695
- Return prepared by
- David S Palan CPA
Mission
Charity For Medical Device Research & Development and Community Service.
Program accomplishments
- RevenueExpenses $3,478
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 on file |
IRS record
- EIN
- 88-0741088
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Religion-related (X80)
- Assets (IRS master file)
- $49,082
- Income (IRS master file)
- $3,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,587 | $3,483 | $49,082 | XML |
| 990 | December 2023 | $50,573 | $1,595 | $48,978 | XML |
| 990 | December 2022 | $553 | $553 | $0 | 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 88-0741088).
Questions about PALMS 23 FOUNDATION
- What is the EIN of PALMS 23 FOUNDATION?
- The employer identification number (EIN) of PALMS 23 FOUNDATION is 88-0741088.
- Is PALMS 23 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PALMS 23 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALMS 23 FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PALMS 23 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 PALMS 23 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 PALMS 23 FOUNDATION?
- The 990 for the year ended December 31, 2024 names Steve Muth.
- Who are the officers and directors of PALMS 23 FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does PALMS 23 FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,587, expenses of $3,483 and total assets of $49,082 at year end.
Other nonprofits in BENNETT
- I AM ZEAL EIN 47-5628710 · last filed 990-N for 2025
- GOD CARES MINISTRIES EIN 84-1347215 · last filed 990-N for 2025
- COLORADO JOURNEYMEN AND APPRENTICES TRAINING FUND FOR OPERATING ENGINE EIN 84-6051394 · last filed 990 for 2025
- LONGHOPES DONKEY SHELTER INC EIN 84-1538890 · last filed 990 for 2025
- DISCOVERY TIME KIDS EARLY LEARNING CENTER EIN 83-1482329 · last filed 990 for 2024
- ROOSTER SANCTUARY AT DANZIGS ROOST EIN 46-0806750 · last filed 990-EZ for 2025
- BENNETT WRESTLING CLUB EIN 81-0818650 · last filed 990-EZ for 2025
- MAA CO EIN 93-4710261 · last filed 990-N for 2025