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Nonprofit · EIN 23-7005356

ALBERT W CHERNE FOUNDATION

Tax-exempt · FOUNTAIN HLS, AZ 85269

Financials

$224K$231K2023$154K$555K2024$2.7M$658K2025
Revenue Expenses · by fiscal year end
Financials of ALBERT W CHERNE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$2,665,929$657,942$2,007,987$12,663,197$0$12,663,197
December 31, 2024990-PF$154,060$555,312-$401,252$11,347,460$0$11,347,460
December 31, 2023990-PF$223,703$230,858-$7,155$11,748,712$0$11,748,712
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$961,750
Dividends
$218,460
Interest
$47
Net gain from sales of assets
$1,485,672

Expenses

Grants and similar amounts paid
$650,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$652,817
Excise tax on investment income
$23,660

Balance sheet and other

Total assets, start of year
$11,347,460
Total assets, end of year
$12,663,197
Total liabilities, end of year
$0
Net assets, end of year
$12,663,197
Fair market value of assets
$26,740,259
Qualifying distributions
$652,817
Net investment income
$1,704,179

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.

NameTitleHours / weekCompensation
A W CHERNE JR
PO BOX 17050, FOUNTAIN HILLS, AZ 85269
PRESIDENT/DIRECTOR1$0
A W CHERNE
PO BOX 17050, FOUNTAIN HILLS, AZ 85269
VP/SEC/TREAS/DIR1$0
D A CHERNE
PO BOX 17050, FOUNTAIN HILLS, AZ 85269
VP/DIRECTOR1$0
M J HARDEBECK
PO BOX 17050, FOUNTAIN HILLS, AZ 85269
DIRECTOR1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
A WILLIAM CHERNE
PO BOX 17050, FOUNTAIN HILLS, AZ 85269
PRESIDENT/DIRECTOR1$0
M JUDITH HARDEBECK
PO BOX 17050, FOUNTAIN HILLS, AZ 85269
VP/SEC/TREAS/DIR1$0
ELIZABETH B CHERNE
PO BOX 17050, FOUNTAIN HILLS, AZ 85269
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
A WILLIAM CHERNE
16007 E RIDGESTONE DR, FOUNTAIN HILL, AZ 85268
PRESIDENT/DIRECTOR1$0
M JUDITH HARDEBECK
16007 E RIDGESTONE DR, FOUNTAIN HILL, AZ 85268
VP/SEC/TREAS/DIR1$0
ELIZABETH B CHERNE
6566 FRANCE AVE, EDINA, MN 55435
DIRECTOR1$0

Address and contacts

Address (IRS master file)
PO BOX 17050, FOUNTAIN HLS, AZ 85269-7050
Signed the 990-PF
A WILLIAM CHERNE, PRESIDENT
Phone
(952) 239-5344
Return prepared by
RSM US 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7005356
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
1969
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$12,663,197
Income (IRS master file)
$4,660,229

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$2,665,929$657,942$12,663,197XML
990-PFDecember 2024$154,060$555,312$11,347,460XML
990-PFDecember 2023$223,703$230,858$11,748,712XML
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 23-7005356).

Questions about ALBERT W CHERNE FOUNDATION

What is the EIN of ALBERT W CHERNE FOUNDATION?
The employer identification number (EIN) of ALBERT W CHERNE FOUNDATION is 23-7005356.
Is ALBERT W CHERNE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
Are donations to ALBERT W CHERNE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ALBERT W CHERNE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of ALBERT W CHERNE FOUNDATION 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 ALBERT W CHERNE FOUNDATION 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 ALBERT W CHERNE FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does ALBERT W CHERNE FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,665,929, expenses of $657,942 and total assets of $12,663,197 at year end.

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