Nonprofit · EIN 04-3647668
BUBS FOUNDATION INC
Tax-exempt (reinstated) · NIANTIC, CT 06357
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $21,817 | $5,536 | $16,281 | $153,124 | – | $153,124 |
| December 31, 2023 | 990-EZ | $3,063 | $6,048 | -$2,985 | $133,400 | – | $133,400 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,065
- Investment income
- $2,879
- Net gain from sales of assets
- $15,873
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,899
- Other expenses
- $2,637
- Program services (functional)
- $2,899
Balance sheet and other
- Total assets, start of year
- $133,400
- Total assets, end of year
- $153,124
- Total liabilities, end of year
- –
- Net assets, end of year
- $153,124
- Cash, savings and investments
- $153,124
- Gross receipts
- $25,944
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle Crossley | President | 5 | $0 |
| William Heenehan | Treasurer | 5 | $0 |
| Benjamin Kelsey | Asst Treasurer | 5 | $0 |
| Davis Franklin | Clerk | 2 | $0 |
| William Stone | Director | 2 | $0 |
| Michael Horwitz | Director | 2 | $0 |
| Michael McGovern | Director | 2 | $0 |
| Paul Alvarez | Director | 2 | $0 |
| Sid Iyer | Director | 2 | $0 |
| Andrew Cranin | Director | 2 | $0 |
| Alexander Koutzoukis | Director | 2 | $0 |
| Steve Singer | Director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle Crossley | President | 5 | $0 |
| William Heenehan | Treasurer | 5 | $0 |
| Benjamin Kelsey | Asst Treasurer | 5 | $0 |
| Davis Franklin | Clerk | 2 | $0 |
| William Stone | Director | 2 | $0 |
| Michael Horwitz | Director | 2 | $0 |
| Michael McGovern | Director | 2 | $0 |
| Paul Alvarez | Director | 2 | $0 |
| Sid Iyer | Director | 2 | $0 |
| Andrew Cranin | Director | 2 | $0 |
| Alexander Koutzoukis | Director | 2 | $0 |
| Steve Singer | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- C/O WILLIAM HEENEHAN, NIANTIC, CT 06357-0000
- In care of
- % WILLIAM J HEENEHAN
- Mailing address (990-N for 2007)
- PO Box 53071, Medford MA 02153
- Principal officer (990-N for 2007)
- Martin Mahoney, 113 Middlesex Street, Winchester MA 01890
- Signed the 990-EZ
- William J Heenehan, Treasurer
- Website
- www.bubsfoundation.org
Mission
The Bubs Foundations mission is to awaken in young people a passion for expression and learning through music. To support our mission we provide grants to middle and high schools to augment underfunded music programs. We also offer the Be the Music Program in a limited number of Boston area schools
Program accomplishments
- The Be the Music Program helps enrich the lives of both students and teachers by supplementing or creating a cappella singing programs where none exist.Expenses $2,899
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 04-3647668
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $153,124
- Income (IRS master file)
- $25,944
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective May 15, 2011
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $21,817 | $5,536 | $153,124 | IRS |
| 990-EZ | December 2023 | $3,063 | $6,048 | $133,400 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: Martin Mahoney | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
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 04-3647668).
Questions about BUBS FOUNDATION INC
- What is the EIN of BUBS FOUNDATION INC?
- The employer identification number (EIN) of BUBS FOUNDATION INC is 04-3647668.
- Is BUBS FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2011.
- Are donations to BUBS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUBS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BUBS 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 BUBS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of BUBS FOUNDATION INC?
- The 990-N for 2007 names Martin Mahoney.
- Who are the officers and directors of BUBS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does BUBS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $21,817, expenses of $5,536 and total assets of $153,124 at year end.
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