Nonprofit · EIN 23-6654503
CHARLES CORNELL TRUST UNDER WILL
Tax-exempt · NEWTOWN, PA 18940
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $17,709 | $64,929 | -$47,220 | $637,652 | $0 | $637,652 |
| December 31, 2024 | 990-PF | $33,529 | $64,860 | -$31,331 | $684,775 | $0 | $684,775 |
| December 31, 2023 | 990-PF | $19,632 | $64,333 | -$44,701 | $716,191 | $0 | $716,191 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $32,707
- Net gain from sales of assets
- -$14,998
Expenses
- Grants and similar amounts paid
- $56,004
- Compensation of officers, directors and key employees
- $7,796
- Disbursements for charitable purposes
- $56,004
- Excise tax on investment income
- $330
Balance sheet and other
- Total assets, start of year
- $684,775
- Total assets, end of year
- $637,652
- Total liabilities, end of year
- $0
- Net assets, end of year
- $637,652
- Fair market value of assets
- $1,009,937
- Qualifying distributions
- $56,004
- Net investment income
- $32,277
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST NATIONAL BANK OF NEWTOWN 34 S STATE STREET, NEWTOWN, PA 18940 | TRUSTEE | 2 | $7,796 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST NATIONAL BANK OF NEWTOWN 34 S STATE STREET, NEWTOWN, PA 18940 | TRUSTEE | 2 | $7,782 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FIRST NATIONAL BANK OF NEWTOWN 34 S STATE STREET, NEWTOWN, PA 18940 | TRUSTEE | 2 | $7,791 |
Address and contacts
- Address (IRS master file)
- 34 S STATE ST, NEWTOWN, PA 18940-1953
- Signed the 990-PF
- FIRST NATIONAL BANK TRUST CO, Trustee
- Phone
- (215) 968-4872
- Return prepared by
- KRUGGEL LAWTON & COMPANY 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 | 990-PF 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
- 23-6654503
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $637,652
- Income (IRS master file)
- $84,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $17,709 | $64,929 | $637,652 | IRS |
| 990-PF | December 2024 | $33,529 | $64,860 | $684,775 | IRS |
| 990-PF | December 2023 | $19,632 | $64,333 | $716,191 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 23-6654503).
Questions about CHARLES CORNELL TRUST UNDER WILL
- What is the EIN of CHARLES CORNELL TRUST UNDER WILL?
- The employer identification number (EIN) of CHARLES CORNELL TRUST UNDER WILL is 23-6654503.
- Is CHARLES CORNELL TRUST UNDER WILL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to CHARLES CORNELL TRUST UNDER WILL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHARLES CORNELL TRUST UNDER WILL file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHARLES CORNELL TRUST UNDER WILL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLES CORNELL TRUST UNDER WILL last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CHARLES CORNELL TRUST UNDER WILL?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $7,796 (FIRST NATIONAL BANK OF NEWTOWN, TRUSTEE).
- How much revenue does CHARLES CORNELL TRUST UNDER WILL have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $17,709, expenses of $64,929 and total assets of $637,652 at year end.
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