Nonprofit · EIN 88-4048731
NICK LOEB FOUNDATION INC
Tax-exempt · WILMINGTON, DE 19808
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $294,708 | $443,448 | -$148,740 | $94,191 | $0 | $94,191 |
| December 31, 2023 | 990 | $293,672 | $267,513 | $26,159 | $242,931 | $0 | $242,931 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $86,951
- Program service revenue
- $0
- Investment income
- $125,995
- Net gain from sales of assets
- $125,995
- Net income from fundraising events
- $79,156
- Other revenue
- $81,762
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,730
- Accounting fees
- $8,414
- Travel
- $11,489
- Program services (functional)
- $400,693
- Management and general (functional)
- $32,448
- Fundraising (functional)
- $10,307
Balance sheet and other
- Total assets, start of year
- $242,931
- Total assets, end of year
- $94,191
- Total liabilities, end of year
- $0
- Net assets, end of year
- $94,191
- Publicly traded securities
- $94,000
- Gross receipts
- $370,368
- Employees
- 0
- Year formed
- 2022
- State of legal domicile
- DE
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 |
|---|---|---|---|
| NICHOLAS LOEB | President Trustee or director, Officer | 5 | $0 |
| ILARIA DAMIANO | Secretary Trustee or director, Officer | 15 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ILARIA DAMIANO | SECRETARY Trustee or director, Officer | 1 | $0 |
| NICHOLAS LOEB | DIRECTOR/PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 251 LITTLE FALLS DR, WILMINGTON, DE 19808-1674
- In care of
- % COHNREZNICK ATTN - HELENA SMITH
- Principal officer (990 for 2024)
- NICHOLAS LOEB, 251 LITTLE FALLS DRIVE, WILMINGTON, DE 19808
- Signed the 990
- NICHOLAS LOEB, President
- Phone
- (914) 500-9618
- Return prepared by
- LICHTER YU AND ASSOCIATES INC
Mission
Todays media has the greatest impact on culture, society, and our kids. We will harness this medium to cultivate educational and traditional values in our children and communities by developing media-centric opportunities that will bring truth to education.We aspire to achieve our goals by producing films and TV that can educate and inspire. To build leaders by empowering them with honest learning. And to support children with scholarships that adhere to our values.
Program accomplishments
- THE ORGANIZATION SUCCESSFULLY HELD A PROFITABLE EVENT FUNDRAISER DURING THE YEAR. ORGANIZATION HAS ALSO STARTED PRODUCTION ON THREE NEW PROJECTS AND CONTINUED ON PREVIOUS FILMS TO FURTHER ITS NON PROFIT MISSION.Expenses $400,693
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 on file |
IRS record
- EIN
- 88-4048731
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $94,191
- Income (IRS master file)
- $370,368
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $294,708 | $443,448 | $94,191 | IRS |
| 990 | December 2023 | $293,672 | $267,513 | $242,931 | XML |
| 990 | December 2022 | $301,010 | $0 | $301,879 | 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 88-4048731).
Questions about NICK LOEB FOUNDATION INC
- What is the EIN of NICK LOEB FOUNDATION INC?
- The employer identification number (EIN) of NICK LOEB FOUNDATION INC is 88-4048731.
- Is NICK LOEB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to NICK LOEB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NICK LOEB 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 NICK LOEB 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 NICK LOEB FOUNDATION INC 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 NICK LOEB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names NICHOLAS LOEB.
- Who are the officers and directors of NICK LOEB FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does NICK LOEB FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $294,708, expenses of $443,448 and total assets of $94,191 at year end.
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