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Nonprofit · EIN 46-3001070

CHESTNUT FOUNDATION

Tax-exempt · LAWRENCE, NY 11559

Financials

$1.2M$698K2023$1.2M$1M2024
Revenue Expenses · by fiscal year end
Financials of CHESTNUT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,171,046$1,046,409$124,637$11,031,383$0$11,031,383
December 31, 2023990-PF$1,227,082$698,054$529,028$10,918,109$0$10,918,109
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$136,471
Dividends
$454,987
Net gain from sales of assets
$109,911
Other income
$469,677

Expenses

Grants and similar amounts paid
$813,257
Compensation of officers, directors and key employees
$92,743
Disbursements for charitable purposes
$905,774
Excise tax on investment income
$6,997

Balance sheet and other

Total assets, start of year
$10,918,109
Total assets, end of year
$11,031,383
Total liabilities, end of year
$0
Net assets, end of year
$11,031,383
Fair market value of assets
$12,593,184
Qualifying distributions
$905,774
Net investment income
$625,991

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
BENJAMIN KEST
394 KENRIDGE RD, LAWRENCE, NY 11559
PRESIDENT20$92,743
ASHER KEST
394 KENRIDGE RD, LAWRENCE, NY 11559
TREASURER2$0
RACHEL LORBER
394 KENRIDGE RD, LAWRENCE, NY 11559
SECRETARY2$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationOther / benefits
MARISA KEST
394 KENRIDGE RD, LAWRENCE, NY 11559
OFFICE MANAGER
Highest-paid employee
20$77,286$5,883
BENJAMIN KEST
394 KENRIDGE RD, LAWRENCE, NY 11559
PRESIDENT2$15,457$0
ASHER KEST
394 KENRIDGE RD, LAWRENCE, NY 11559
TREASURER2$0$0
RACHEL LORBER
394 KENRIDGE RD, LAWRENCE, NY 11559
SECRETARY2$0$0

Address and contacts

Address (IRS master file)
394 KENRIDGE RD, LAWRENCE, NY 11559-1816
Signed the 990-PF
BENJAMIN KEST, PRESIDENT
Phone
(310) 280-5015
Return prepared by
CLIFTONLARSONALLEN 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 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
46-3001070
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
2013
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$11,031,383
Income (IRS master file)
$3,132,793

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,171,046$1,046,409$11,031,383XML
990-TDecember 2024–––IRS
990-PFDecember 2023$1,227,082$698,054$10,918,109XML
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-PFDecember 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 46-3001070).

Questions about CHESTNUT FOUNDATION

What is the EIN of CHESTNUT FOUNDATION?
The employer identification number (EIN) of CHESTNUT FOUNDATION is 46-3001070.
Is CHESTNUT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to CHESTNUT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does CHESTNUT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of CHESTNUT FOUNDATION 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 CHESTNUT FOUNDATION 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 CHESTNUT FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $92,743 (BENJAMIN KEST, PRESIDENT).
How much revenue does CHESTNUT FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,171,046, expenses of $1,046,409 and total assets of $11,031,383 at year end.

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