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Nonprofit · EIN 93-0788470

BEAN FOUNDATION

Tax-exempt · MADRAS, OR 97741

Financials

$101K$674K2023$57K$440K2024
Revenue Expenses · by fiscal year end
Financials of BEAN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$56,524$439,889-$383,365$2,805,095$100$2,804,995
December 31, 2023990-PF$101,004$673,719-$572,715$2,960,030$100$2,959,930
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$43,427
Interest
$26,353
Net rental income
-$684
Net gain from sales of assets
-$13,256

Expenses

Grants and similar amounts paid
$258,200
Compensation of officers, directors and key employees
$33,629
Disbursements for charitable purposes
$364,281

Balance sheet and other

Total assets, start of year
$2,960,030
Total assets, end of year
$2,805,095
Total liabilities, end of year
$100
Net assets, end of year
$2,804,995
Fair market value of assets
$3,889,462
Qualifying distributions
$364,281
Net investment income
$69,780

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.

NameTitleHours / weekCompensation
RONICA COMINGORE
1504 NW BOXWOOD LANE, MADRAS, OR 97741
SECRETARY1$0
JASON HERTEL
197 SE 5TH STREET, MADRAS, OR 97741
VICE PRESIDENT1$0
TOM NORTON
2004 SE GRIZZLY RD, MADRAS, OR 97741
TREASURER1$0
SCOTT DELAMARTER
1851 NE SQUIRE DR, MADRAS, OR 97741
PRESIDENT1$0
ALI ALIRE
546 SW 4TH ST, MADRAS, OR 97741
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
GEORGE NEILSON
314 NW BEAN DR, MADRAS, OR 97741
DIRECTOR0$0
JACK WOLL
501 SE LARKSPUR DR, MADRAS, OR 97741
DIRECTOR0$0
RONICA COMINGORE
1504 NW BOXWOOD LANE, MADRAS, OR 97741
SECRETARY0$0
JASON HERTEL
197 SE 5TH STREET, MADRAS, OR 97741
VICE PRESIDENT0$0
TOM NORTON
2004 SE GRIZZLY RD, MADRAS, OR 97741
TREASURER0$0
SCOTT DELAMARTER
1851 NE SQUIRE DR, MADRAS, OR 97741
PRESIDENT0$0
ALI ALIRE
546 SW 4TH ST, MADRAS, OR 97741
DIRECTOR0$0

Address and contacts

Address (IRS master file)
35 SE C ST STE D, MADRAS, OR 97741-1706
In care of
% GEORGE W NEILSON
Signed the 990-PF
SCOTT DELAMARTER, PRESIDENT
Phone
(541) 316-0799
Return prepared by
SORREN INC

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

IRS record

EIN
93-0788470
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
1981
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,805,095
Income (IRS master file)
$275,527

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-PFDecember 2023$101,004$673,719$2,960,030IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about BEAN FOUNDATION

What is the EIN of BEAN FOUNDATION?
The employer identification number (EIN) of BEAN FOUNDATION is 93-0788470.
Is BEAN FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to BEAN FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BEAN FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of BEAN 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 BEAN FOUNDATION 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 BEAN FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does BEAN FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $56,524, expenses of $439,889 and total assets of $2,805,095 at year end.

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