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Nonprofit · EIN 22-3375944

GEORGE FOUNDATION INC

Tax-exempt · BOONTON, NJ 07005

Financials

−$25K$517K2023$23K$222K2024
Revenue Expenses · by fiscal year end
Financials of GEORGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$22,558$221,990-$199,432$22,762$25,982-$3,220
December 31, 2023990-$25,351$517,472-$542,823$234,401$25,982$208,419
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,950
Program service revenue
$0
Investment income
$19,564
Royalties
$854
Net gain from sales of assets
$18,216
Other revenue
$1,044

Expenses

Grants and similar amounts paid
$200,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,250
Program services (functional)
$200,000
Management and general (functional)
$21,990

Balance sheet and other

Total assets, start of year
$234,401
Total assets, end of year
$22,762
Total liabilities, end of year
$25,982
Net assets, end of year
-$3,220
Publicly traded securities
$4,490
Gross receipts
$22,558
Employees
0
Volunteers
0
Year formed
1995
State of legal domicile
NJ

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
ABRAHAM GEORGEPRESIDENT
Trustee or director
40$0
MARIAM GEORGESEC. AND TREASURER
Trustee or director
2$0
LEKHA KEISTERTRUSTEE
Trustee or director
1$0
URMILA MICHAELTRUSTEE
Trustee or director
1$0
AJIT GEORGETRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
ABRAHAM GEORGEPRESIDENT
Trustee or director
40$0
MARIAM GEORGESEC. AND TREASURER
Trustee or director
2$0
LEKHA KEISTERTRUSTEE
Trustee or director
1$0
URMILA MICHAELTRUSTEE
Trustee or director
1$0
AJIT GEORGETRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
141 HAWKINS PL, BOONTON, NJ 07005-1127
In care of
% ABRAHAM GEORGE
Principal officer (990 for 2024)
ABRAHAM GEORGE, 141 Hawkins Place, BOONTON, NJ 07005
Signed the 990
ABRAHAM GEORGE, PRESIDENT
Phone
(973) 970-5657
Return prepared by
DILIP PATEL & COMPANY LLP

Mission

TO SUPPORT HEALTHCARE SERVICES,RESEARCH ,EDUCATION ,FOOD AND SHELTER FOR NEEDY PEOPLE AND THE PEOPLE AFFECTED BY DISASTERS AND RESOURCES.OPERATE ORPHANAGE SCHOOL AND HOSPITAL FOR DISADVANTAGED CHILDRENS AND ADULTS.

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATE ORPHANAGE,SCHOOL AND HOSPITAL FOR DISADVANTAGED CHILDRENS AND ADULTS
    Expenses $200,000 · grants $200,000 · revenue $1,950

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 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
22-3375944
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
1995
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$22,762
Income (IRS master file)
$22,558

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$22,558$221,990$22,762XML
990December 2023-$25,351$517,472$234,401XML
990December 2022$12,607$7,673$688,703IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 22-3375944).

Questions about GEORGE FOUNDATION INC

What is the EIN of GEORGE FOUNDATION INC?
The employer identification number (EIN) of GEORGE FOUNDATION INC is 22-3375944.
Is GEORGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to GEORGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GEORGE FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of GEORGE 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 GEORGE 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 GEORGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ABRAHAM GEORGE.
Who are the officers and directors of GEORGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does GEORGE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $22,558, expenses of $221,990 and total assets of $22,762 at year end.

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