Nonprofit · EIN 38-3351882
ISLAND SUNRISE FOUNDATION INC
Tax-exempt · MIDDLEBURG, VA 20118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $595,415 | $845,269 | -$249,854 | $8,483,130 | $0 | $8,483,130 |
| December 31, 2024 | 990-PF | $1,386,773 | $880,918 | $505,855 | $8,732,984 | $0 | $8,732,984 |
| December 31, 2023 | 990-PF | $701,293 | $759,191 | -$57,898 | $8,222,250 | $0 | $8,222,250 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $218,361
- Interest
- $75,951
- Net gain from sales of assets
- $283,103
- Other income
- $18,000
Expenses
- Grants and similar amounts paid
- $703,500
- Disbursements for charitable purposes
- $703,500
- Excise tax on investment income
- $6,580
Balance sheet and other
- Total assets, start of year
- $8,732,984
- Total assets, end of year
- $8,483,130
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,483,130
- Fair market value of assets
- $17,505,928
- Qualifying distributions
- $703,500
- Net investment income
- $577,415
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 |
|---|---|---|---|
| Magalen C Webert 6521 SE Harbor Circle, Stuart, FL 34996 | President | 5 | $0 |
| James W Webert 6521 SE Harbor Circle, Stuart, FL 34996 | Vice President | 5 | $0 |
| Philip S Lawrence 101 Park Avenue Suite 3100, New York, NY 10178 | Treasurer | 2 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Magalen C Webert 6521 SE Harbor Circle, Stuart, FL 34996 | President | 5 | $0 |
| James W Webert 6521 SE Harbor Circle, Stuart, FL 34996 | Vice President | 5 | $0 |
| Philip S Lawrence 101 Park Avenue Suite 3100, New York, NY 10178 | Treasurer | 2 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Magalen C Webert 6521 SE Harbor Circle, Stuart, FL 34996 | President | 5 | $0 |
| James W Webert 6521 SE Harbor Circle, Stuart, FL 34996 | Vice President | 5 | $0 |
| Philip S Lawrence 845 Third Avenue, New York, NY 10022 | Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1850, MIDDLEBURG, VA 20118-1850
- In care of
- % MICHAEL D GIBSON
- Signed the 990-PF
- Philip S Lawrence, Treasurer
- Phone
- (540) 687-8884
- Return prepared by
- BIRKHILL ASSOCIATES 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
- 38-3351882
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $8,483,130
- Income (IRS master file)
- $1,779,201
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $595,415 | $845,269 | $8,483,130 | XML |
| 990-PF | December 2024 | $1,386,773 | $880,918 | $8,732,984 | XML |
| 990-PF | December 2023 | $701,293 | $759,191 | $8,222,250 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 38-3351882).
Questions about ISLAND SUNRISE FOUNDATION INC
- What is the EIN of ISLAND SUNRISE FOUNDATION INC?
- The employer identification number (EIN) of ISLAND SUNRISE FOUNDATION INC is 38-3351882.
- Is ISLAND SUNRISE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to ISLAND SUNRISE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ISLAND SUNRISE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ISLAND SUNRISE FOUNDATION INC 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 ISLAND SUNRISE FOUNDATION INC 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 ISLAND SUNRISE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does ISLAND SUNRISE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $595,415, expenses of $845,269 and total assets of $8,483,130 at year end.
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