Nonprofit · EIN 38-3439226
RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION
Tax-exempt · GRAND RAPIDS, MI 49504
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $531,531 | $303,790 | $227,741 | $4,151,457 | $0 | $4,151,457 |
| July 31, 2024 | 990-PF | $159,186 | $285,231 | -$126,045 | $3,923,718 | $0 | $3,923,718 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Dividends
- $132,203
- Net gain from sales of assets
- $399,328
Expenses
- Grants and similar amounts paid
- $250,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $271,914
- Excise tax on investment income
- $6,945
Balance sheet and other
- Total assets, start of year
- $3,923,718
- Total assets, end of year
- $4,151,457
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,151,457
- Fair market value of assets
- $6,008,814
- Qualifying distributions
- $271,914
- Net investment income
- $531,531
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA HANN 634 FRONT AVE NW SUITE 300, GRAND RAPIDS, MI 49504 | DIRECTOR, VICE PRESIDENT AND SECRETARY | 1 | $0 |
| JAMES CHORMANN 634 FRONT AVE NW SUITE 300, GRAND RAPIDS, MI 49504 | DIRECTOR, VICE PRESIDENT AND TREASURER | 1 | $0 |
| RICHARD CHORMANN 634 FRONT AVE NW SUITE 300, GRAND RAPIDS, MI 49504 | DIRECTOR, PRESIDENT AND CEO | 1 | $0 |
990-PF for the year ended July 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PLANTE MORAN TRUST 634 FRONT AVE NW SUITE 300, GRAND RAPIDS, MI 49504 | AGENT | 8 | $41,668 |
| CYNTHIA HANN 634 FRONT AVE NW SUITE 300, GRAND RAPIDS, MI 49504 | DIRECTOR, VICE PRESIDENT AND SECRETARY | 1 | $0 |
| JAMES CHORMANN 634 FRONT AVE NW SUITE 300, GRAND RAPIDS, MI 49504 | DIRECTOR, VICE PRESIDENT AND TREASURER | 1 | $0 |
| RICHARD CHORMANN 634 FRONT AVE NW SUITE 300, GRAND RAPIDS, MI 49504 | DIRECTOR, PRESIDENT AND CEO | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 634 FRONT AVE NW STE 300, GRAND RAPIDS, MI 49504-5318
- In care of
- % BANK OF AMERICA NA
- Signed the 990-PF
- PLANTE MORAN TRUST, PRESIDENT
- Phone
- (616) 643-4086
- Return prepared by
- PLANTE & MORAN PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 38-3439226
- 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
- 1999
- Accounting year ends
- July
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $4,151,457
- Income (IRS master file)
- $1,156,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $531,531 | $303,790 | $4,151,457 | IRS |
| 990-PF | July 2024 | $159,186 | $285,231 | $3,923,718 | XML |
| 990-PF | July 2023 | – | – | – | IRS |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
| 990-PF | July 2019 | – | – | – | IRS |
| 990-PF | July 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 38-3439226).
Questions about RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION
- What is the EIN of RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION?
- The employer identification number (EIN) of RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION is 38-3439226.
- Is RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION?
- The 990-PF for the year ended July 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does RICHARD F & CAROLYN A CHORMANN FAMILY FOUNDATION have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $531,531, expenses of $303,790 and total assets of $4,151,457 at year end.
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