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Nonprofit · EIN 23-7084119

LEO MODEL FOUNDATION INC

Tax-exempt · BENSALEM, PA 19020

Financials

$2.7M$3.3M2023$3.7M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of LEO MODEL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$3,684,713$2,871,066$813,647$47,230,157$91,728$47,138,429
December 31, 2023990-PF$2,685,523$3,257,774-$572,251$46,510,577$185,795$46,324,782
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$697,120
Net gain from sales of assets
$1,190,634
Other income
$1,796,959

Expenses

Grants and similar amounts paid
$2,585,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$2,639,190
Excise tax on investment income
$46,473

Balance sheet and other

Total assets, start of year
$46,510,577
Total assets, end of year
$47,230,157
Total liabilities, end of year
$91,728
Net assets, end of year
$47,138,429
Fair market value of assets
$63,945,653
Qualifying distributions
$2,650,690
Net investment income
$3,572,312

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.

NameTitleHours / weekCompensation
ALLEN MODEL
1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102
PRESIDENT & ASSISTANT SECR0$0
MARJORIE RUSSEL
500 EAST 63RD STREET 24K, NEW YORK, NY 10065
VICE PRESIDENT & ASSISTANT0$0
PAMELA GRACE
ONE HANSON PLACE APT 25D, BROOKLYN, NY 11243
SECRETARY0$0
ROBERTA GAUSAS
1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102
VICE PRESIDENT AND ASST SECRETARY0$0
PAUL MODEL
17 WEST 71ST STREET 10A, NEW YORK, NY 10023
VICE PRESIDENT AND TREASURER0$0
KATHERINE MODEL
1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102
DIRECTOR AND ASST SECRETARY0$0
ZACHARY MODEL
1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102
DIRECTOR AND ASST SECRETARY0$0
SASCHA RUSSEL
1500 WALNUT STREET SUITE 900, PHILADELPHIA, PA 19102
DIRECTOR AND ASST SECRETARY0$0
990-PF for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
ALLEN MODEL
1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102
PRESIDENT & ASSISTANT SECR0$0
MARJORIE RUSSEL
500 EAST 63RD STREET 24K, NEW YORK, NY 10065
VICE PRESIDENT & ASSISTANT0$0
PAMELA GRACE
ONE HANSON PLACE APT 25D, BROOKLYN, NY 11243
SECRETARY0$0
ROBERTA GAUSAS
1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102
VICE PRESIDENT AND ASST SECRETARY0$0
PAUL MODEL
17 WEST 71ST STREET 10A, NEW YORK, NY 10023
VICE PRESIDENT AND TREASURER0$0
KATHERINE MODEL
1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102
DIRECTOR AND ASST SECRETARY0$0
ZACHARY MODEL
1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102
DIRECTOR AND ASST SECRETARY0$0
SASCHA RUSSEL
1500 WALNUT STREET SUITE 409, PHILADELPHIA, PA 19102
DIRECTOR AND ASST SECRETARY0$0

Address and contacts

Address (IRS master file)
2617 STREET UNIT 240, BENSALEM, PA 19020-2864
In care of
% PETE MODEL
Signed the 990-PF
ALLEN MODEL, PRESIDENT
Phone
(215) 546-8058
Return prepared by
ARMANINO ADVISORY 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
23-7084119
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
1970
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$47,230,157
Income (IRS master file)
$10,745,102

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$2,685,523$3,257,774$46,510,577IRS
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about LEO MODEL FOUNDATION INC

What is the EIN of LEO MODEL FOUNDATION INC?
The employer identification number (EIN) of LEO MODEL FOUNDATION INC is 23-7084119.
Is LEO MODEL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
Are donations to LEO MODEL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LEO MODEL FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of LEO MODEL 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 LEO MODEL FOUNDATION INC 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 LEO MODEL FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does LEO MODEL FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,684,713, expenses of $2,871,066 and total assets of $47,230,157 at year end.

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