Nonprofit · EIN 23-7031791
HELEN & MERRILL BANK FOUNDATION INC
Tax-exempt · PALM BEACH, FL 33480
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $501,780 | $668,442 | -$166,662 | $4,460,722 | $0 | $4,460,722 |
| June 30, 2024 | 990-PF | $486,382 | $251,225 | $235,157 | $4,632,090 | $0 | $4,632,090 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $166,749
- Net gain from sales of assets
- $335,031
Expenses
- Grants and similar amounts paid
- $577,090
- Compensation of officers, directors and key employees
- $12,000
- Disbursements for charitable purposes
- $668,442
- Excise tax on investment income
- $6,975
Balance sheet and other
- Total assets, start of year
- $4,632,090
- Total assets, end of year
- $4,460,722
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,460,722
- Fair market value of assets
- $10,368,685
- Qualifying distributions
- $668,442
- Net investment income
- $501,780
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Penny Bank 200 Bradley Place Apt 305, Palm Beach, FL 33480 | Trustee | 0.5 | $12,000 |
| Herbert M Bank 1829 Reisterstown Road, Baltimore, MD 21208 | Trustee | 0.5 | $0 |
990-PF for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Penny Bank 200 Bradley Place Apt 305, Palm Beach, FL 33480 | Trustee | 0.5 | $10,000 |
| Herbert M Bank 1829 Reisterstown Road, Baltimore, MD 21208 | Trustee | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 200 BRADLEY PL APT 305, PALM BEACH, FL 33480-3771
- In care of
- % H B COOPER CPA
- Signed the 990-PF
- Penny Bank, Trustee
- Phone
- (410) 960-5377
- Return prepared by
- LEHMANN & 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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7031791
- 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
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $4,460,722
- Income (IRS master file)
- $1,628,527
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $501,780 | $668,442 | $4,460,722 | IRS |
| 990-PF | June 2024 | $486,382 | $251,225 | $4,632,090 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 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 23-7031791).
Questions about HELEN & MERRILL BANK FOUNDATION INC
- What is the EIN of HELEN & MERRILL BANK FOUNDATION INC?
- The employer identification number (EIN) of HELEN & MERRILL BANK FOUNDATION INC is 23-7031791.
- Is HELEN & MERRILL BANK FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to HELEN & MERRILL BANK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HELEN & MERRILL BANK FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HELEN & MERRILL BANK FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HELEN & MERRILL BANK FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of HELEN & MERRILL BANK FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 2 people; 1 received compensation from the organization, the highest $12,000 (Penny Bank, Trustee).
- How much revenue does HELEN & MERRILL BANK FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $501,780, expenses of $668,442 and total assets of $4,460,722 at year end.
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