Nonprofit · EIN 22-3468030
KOVNER FOUNDATION
Tax-exempt · JUPITER, FL 33477
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $62,417,901 | $21,051,713 | $41,366,188 | $335,279,276 | $26,380,373 | $308,898,903 |
| December 31, 2023 | 990-PF | $43,099,460 | $20,066,577 | $23,032,883 | $273,505,676 | $23,491,171 | $250,014,505 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $38,715,144
- Dividends
- $2,530,014
- Interest
- $10,946,451
- Net gain from sales of assets
- -$1,072,440
- Other income
- $11,298,732
Expenses
- Grants and similar amounts paid
- $18,683,705
- Compensation of officers, directors and key employees
- $225,913
- Disbursements for charitable purposes
- $18,683,705
- Excise tax on investment income
- $769,699
Balance sheet and other
- Total assets, start of year
- $273,505,676
- Total assets, end of year
- $335,279,276
- Total liabilities, end of year
- $26,380,373
- Net assets, end of year
- $308,898,903
- Fair market value of assets
- $335,279,276
- Qualifying distributions
- $18,683,705
- Net investment income
- $55,722,588
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 | Other / benefits |
|---|---|---|---|---|
| MAURICE EDELSON 731 ALEXANDER ROAD BLDG 2 STE 500, PRINCETON, NJ 08540 | CHIEF EXECUTIVE OFFICER | 40 | $138,413 | $11,437 |
| BENJAMIN SOSLAND 731 ALEXANDER ROAD BLDG 2 STE 500, PRINCETON, NJ 08540 | VICE PRESIDENT FOR MUSIC PROGRAMS | 40 | $87,500 | $8,121 |
| BRUCE S KOVNER 1001 N US HIGHWAY 1 STE 400, JUPITER, FL 33477 | PRESIDENT | 1 | $0 | $0 |
| PETER P D'ANGELO 731 ALEXANDER ROAD BLDG 2 STE 500, PRINCETON, NJ 08540 | TREASURER | 1 | $0 | $0 |
| FRANK WOHL CO LANKLER SIFFERT WOHL 500 FIFTH AVENUE 33RD FLOOR, NEW YORK, NY 10110 | DIRECTOR | 1 | $0 | $0 |
| KAREN CROSS 1001 N US HIGHWAY 1 STE 400, JUPITER, FL 33477 | CONTROLLER | 1 | $0 | $0 |
| SUZANNE F KOVNER 1001 N US HIGHWAY 1 STE 400, JUPITER, FL 33477 | VICE PRESIDENT | 1 | $0 | $0 |
| HEATH WEISBERG 731 ALEXANDER ROAD BLDG 2 STE 500, PRINCETON, NJ 08540 | GENERAL COUNSEL & SECRETARY | 1 | $0 | $0 |
| ROBERT WEDEKING 731 ALEXANDER ROAD BLDG 2 STE 500, PRINCETON, NJ 08540 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE S KOVNER 259 SOUTH BEACH ROAD, HOBE SOUND, FL 33455 | PRESIDENT | 1 | $0 |
| PETER P D'ANGELO 90 THIRD STREET, GARDEN CITY, NY 11530 | TREASURER | 1 | $0 |
| FRANK WOHL CO LANKLER SIFFERT WOHL 500 FIFTH AVENUE 33RD FLOOR, NEW YORK, NY 10110 | DIRECTOR | 1 | $0 |
| KAREN CROSS 28951 SOMERS DRIVE, NAPLES, FL 34119 | CONTROLLER | 1 | $0 |
| SUZANNE F KOVNER 259 SOUTH BEACH ROAD, HOBE SOUND, FL 33455 | VICE PRESIDENT | 1 | $0 |
| HEATH WEISBERG 8 HILLTOP ROAD, SHORT HILLS, NJ 07078 | GENERAL COUNSEL & SECRETARY | 1 | $0 |
| ROBERT WEDEKING 9 PLAYERS LANE, PRINCETON, NJ 08540 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1001 N US HIGHWAY 1 STE 400, JUPITER, FL 33477-4478
- In care of
- % PRINCETON PLAZA BLDG 2
- Signed the 990-PF
- KAREN CROSS, CONTROLLER
- Phone
- (609) 524-8600
- Website
- THEKOVNERFOUNDATION.ORG
- Return prepared by
- ANDERSEN TAX LLC
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
- 22-3468030
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $335,279,276
- Income (IRS master file)
- $94,652,981
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $62,417,901 | $21,051,713 | $335,279,276 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $43,099,460 | $20,066,577 | $273,505,676 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 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 22-3468030).
Questions about KOVNER FOUNDATION
- What is the EIN of KOVNER FOUNDATION?
- The employer identification number (EIN) of KOVNER FOUNDATION is 22-3468030.
- Is KOVNER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to KOVNER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KOVNER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KOVNER 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 KOVNER 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 KOVNER FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $138,413 (MAURICE EDELSON, CHIEF EXECUTIVE OFFICER).
- How much revenue does KOVNER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $62,417,901, expenses of $21,051,713 and total assets of $335,279,276 at year end.
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