Nonprofit · EIN 38-7127320
FORTY-ONE FOUNDATION
Also known as DAVID B & PATRICIA M RIPSOM TTEE
Tax-exempt · GREENVILLE, DE 19807
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $18,063 | $34,676 | -$16,613 | $317,860 | $0 | $317,860 |
| December 31, 2024 | 990-PF | $29,520 | $11,673 | $17,847 | $334,473 | $0 | $334,473 |
| December 31, 2023 | 990-PF | $10,758 | $19,272 | -$8,514 | $316,626 | $0 | $316,626 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,582
- Interest
- $6
- Net gain from sales of assets
- $8,475
Expenses
- Grants and similar amounts paid
- $30,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $30,979
- Excise tax on investment income
- $207
Balance sheet and other
- Total assets, start of year
- $334,473
- Total assets, end of year
- $317,860
- Total liabilities, end of year
- $0
- Net assets, end of year
- $317,860
- Fair market value of assets
- $401,612
- Qualifying distributions
- $30,979
- Net investment income
- $18,063
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 |
|---|---|---|---|
| DAVID B RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| PATRICIA M RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| MEGAN RIPSOM RICHARDS 851 ANDERSON AVENUE, DREXEL HILL, PA 19026 | TRUSTEE | 1 | $0 |
| MATTHEW RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| MAUREEN MCALEENAN 190 WILLITS WAY, GLEN MILLS, PA 19342 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID B RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| PATRICIA M RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| MEGAN RIPSOM RICHARDS 851 ANDERSON AVENUE, DREXEL HILL, PA 19026 | TRUSTEE | 1 | $0 |
| MATTHEW RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| MAUREEN MCALEENAN 190 WILLITS WAY, GLEN MILLS, PA 19342 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID B RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| PATRICIA M RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| MEGAN RIPSOM RICHARDS 851 ANDERSON AVENUE, DREXEL HILL, PA 19026 | TRUSTEE | 1 | $0 |
| MATTHEW RIPSOM 1009 WARWICK LN, GREENVILLE, DE 19807 | TRUSTEE | 1 | $0 |
| MAUREEN MCALEENAN 190 WILLITS WAY, GLEN MILLS, PA 19342 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1009 WARWICK LN, GREENVILLE, DE 19807-2545
- Signed the 990-PF
- DAVID RIPSOM, TRUSTEE
- Phone
- (610) 558-3227
- Return prepared by
- DUANE MORRIS 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 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
- 38-7127320
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $317,860
- Income (IRS master file)
- $31,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $18,063 | $34,676 | $317,860 | XML |
| 990-PF | December 2024 | $29,520 | $11,673 | $334,473 | XML |
| 990-PF | December 2023 | $10,758 | $19,272 | $316,626 | 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 38-7127320).
Questions about FORTY-ONE FOUNDATION
- What is the EIN of FORTY-ONE FOUNDATION?
- The employer identification number (EIN) of FORTY-ONE FOUNDATION is 38-7127320.
- Is FORTY-ONE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FORTY-ONE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FORTY-ONE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FORTY-ONE 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 FORTY-ONE 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 FORTY-ONE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FORTY-ONE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $18,063, expenses of $34,676 and total assets of $317,860 at year end.
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