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Nonprofit · EIN 92-1721579

BDC ACTION FUND INC

Tax-exempt · LEWES, DE 19958

Financials

$1.1M$507K2023$2.5M$3.2M2024
Revenue Expenses · by fiscal year end
Financials of BDC ACTION FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,502,830$3,204,985-$702,155$636,625$705,518-$68,893
December 31, 2023990$1,115,642$507,481$608,161$674,761$66,500$608,261
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,500,000
Program service revenue
$0
Investment income
$2,830
Other revenue
$0

Expenses

Grants and similar amounts paid
$630,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,550
Accounting fees
$6,800
Program services (functional)
$3,165,307
Management and general (functional)
$14,678
Fundraising (functional)
$25,000

Balance sheet and other

Total assets, start of year
$674,761
Total assets, end of year
$636,625
Total liabilities, end of year
$705,518
Net assets, end of year
-$68,893
Net assets without donor restrictions
-$68,893
Gross receipts
$2,502,830
Employees
0
Volunteers
0
Year formed
2023
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.

NameTitleHours / weekCompensation
PANAMA BARTHOLOMYPRESIDENT
Trustee or director, Officer
4$0
DONALD SIMONSECRETARY
Trustee or director, Officer
4$0
RICK BROWNTREASURER
Trustee or director
4$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
PANAMA BARTHOLOMYPRESIDENT
Trustee or director, Officer
4$0
DONALD SIMONSECRETARY
Trustee or director, Officer
4$0
RICK BROWNTREASURER
Trustee or director
4$0

Address and contacts

Address (IRS master file)
33594 HERRING VIEW DR, LEWES, DE 19958-5437
Principal officer (990 for 2024)
PANAMA BARTHOLOMY, 33594 HERRING VIEW DR, LEWES, DE 19958
Signed the 990
PANAMA BARTHOLOMY, PRESIDENT
Phone
(412) 302-4784
Return prepared by
THE PUN GROUP LLP

Mission

OUR MISSION IS TO ACHIEVE A JUST AND EQUITABLE TRANSITION TO 100% CLEAN BUILDINGS ACROSS THE U.S. BY 2050. WE WORK TO REPOWER OUR COMMUNITIES WITH ELECTRIC APPLIANCES AND BUILD A THRIVING CLEAN ECONOMY WITH HIGH-ROAD JOBS AND AFFORDABLE ENERGY FOR ALL.

990 for the year ended December 31, 2024

Program accomplishments

  • HEAT PUMP NATION ADVOCATES FOR THE FULL DECARBONIZATION OF THE BUILT ENVIRONMENT. THIS MEANS THE REPLACEMENT OF ALL APPLIANCES IN BUILDINGS THAT CURRENTLY USE NATURAL GAS WITH HIGHLY EFFICIENT ELECTRIC ALTERNATIVES TO REDUCE AIR POLLUTION, FIGHT CLIMATE CHANGE, PROTECT RATEPAYERS FROM RISING ENERGY COSTS AND SUPPORT HIGH-ROAD JOBS.
    Expenses $3,165,307 · grants $630,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-1721579
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$636,625
Income (IRS master file)
$2,502,830

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,502,830$3,204,985$636,625XML
990December 2023$1,115,642$507,481$674,761XML

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 92-1721579).

Questions about BDC ACTION FUND INC

What is the EIN of BDC ACTION FUND INC?
The employer identification number (EIN) of BDC ACTION FUND INC is 92-1721579.
Is BDC ACTION FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2023.
Are donations to BDC ACTION FUND INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BDC ACTION FUND 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 BDC ACTION FUND 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 BDC ACTION FUND 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 BDC ACTION FUND INC?
The 990 for the year ended December 31, 2024 names PANAMA BARTHOLOMY.
Who are the officers and directors of BDC ACTION FUND INC?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does BDC ACTION FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,502,830, expenses of $3,204,985 and total assets of $636,625 at year end.

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