Nonprofit · EIN 04-2660137
THE RICBAC FOUNDATION
Tax-exempt · NEWTONVILLE, MA 02460
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $5,238,971 | $3,220,033 | $2,018,938 | $44,174,561 | $26,000 | $44,148,561 |
| December 31, 2023 | 990-PF | $2,557,297 | $2,143,471 | $413,826 | $42,253,723 | $124,100 | $42,129,623 |
| December 31, 2022 | 990-PF | $1,873,963 | $4,153,098 | -$2,279,135 | $42,376,447 | $655,650 | $41,720,797 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $74,288
- Dividends
- $1,606,859
- Net gain from sales of assets
- $3,428,113
- Other income
- $129,711
Expenses
- Grants and similar amounts paid
- $2,874,500
- Compensation of officers, directors and key employees
- $90,000
- Disbursements for charitable purposes
- $2,968,463
- Excise tax on investment income
- $68,760
Balance sheet and other
- Total assets, start of year
- $42,253,723
- Total assets, end of year
- $44,174,561
- Total liabilities, end of year
- $26,000
- Net assets, end of year
- $44,148,561
- Fair market value of assets
- $50,697,931
- Qualifying distributions
- $2,968,463
- Net investment income
- $5,156,523
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 |
|---|---|---|---|
| ERIC ISSELBACHER MD PO BOX 600071, NEWTONVILLE, MA 02460 | TRUSTEE, CHAIRMAN | 7 | $40,000 |
| ANNE BECKER 19 HOWARD ST, NEWTON, MA 02458 | TRUSTEE, TREASURER | 7 | $40,000 |
| HUGH BARRY 112 LAKIBRIDGE DRIVE, KINGS PARK, NY 11754 | TRUSTEE | 1 | $10,000 |
| PETER HERMANN 14 OLD ORCHARD RD, CHESTNUT HILL, MA 02467 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC ISSELBACHER MD PO BOX 600071, NEWTONVILLE, MA 02460 | TRUSTEE, CHAIRMAN | 7 | $40,000 |
| ANNE BECKER 19 HOWARD ST, NEWTON, MA 02458 | TRUSTEE, TREASURER | 7 | $40,000 |
| PETER HERMANN 14 OLD ORCHARD RD, CHESTNUT HILL, MA 02467 | TRUSTEE | 1 | $10,000 |
| HUGH BARRY 112 LAKIBRIDGE DRIVE, KINGS PARK, NY 11754 | TRUSTEE | 1 | $10,000 |
990-PF for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC ISSELBACHER MD 19 HOWARD ST, NEWTON, MA 02458 | TRUSTEE, CHAIRMAN | 7 | $40,000 |
| ANNE BECKER 19 HOWARD ST, NEWTON, MA 02458 | TRUSTEE, TREASURER | 7 | $40,000 |
| PETER HERMANN 14 OLD ORCHARD RD, CHESTNUT HILL, MA 02467 | TRUSTEE | 1 | $7,500 |
| HUGH BARRY 112 LAKIBRIDGE DRIVE, KINGS PARK, NY 11754 | TRUSTEE | 1 | $7,500 |
| RAY A GOLDBERG MBA PHD 975 MEMORIAL DRIVE APT 701, CAMBRIDGE, MA 02138 | TRUSTEE | 1 | $0 |
| WALTER SALMON 64 WINTER ST, LINCOLN, MA 01773 | TRUSTEE | 1 | $0 |
| LEILA E DAL POS ONE FEDERAL ST, BOSTON, MA 02110 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 600071, NEWTONVILLE, MA 02460-0001
- In care of
- % ERIC ISSELBACHER
- Signed the 990-PF
- ERIC ISSELBACHER, TRUSTEE
- Phone
- (617) 726-5610
- Return prepared by
- RAPHAEL AND RAPHAEL LLP
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
- 04-2660137
- 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
- 1979
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Medical research (H30Z)
- Assets (IRS master file)
- $44,174,561
- Income (IRS master file)
- $5,299,886
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $5,238,971 | $3,220,033 | $44,174,561 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $2,557,297 | $2,143,471 | $42,253,723 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | $1,873,963 | $4,153,098 | $42,376,447 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 04-2660137).
Questions about THE RICBAC FOUNDATION
- What is the EIN of THE RICBAC FOUNDATION?
- The employer identification number (EIN) of THE RICBAC FOUNDATION is 04-2660137.
- Is THE RICBAC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to THE RICBAC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE RICBAC FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE RICBAC 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 THE RICBAC 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 THE RICBAC FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $40,000 (ERIC ISSELBACHER MD, TRUSTEE, CHAIRMAN).
- How much revenue does THE RICBAC FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,238,971, expenses of $3,220,033 and total assets of $44,174,561 at year end.
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