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Nonprofit · EIN 46-4209684

GIFT OF THE HEART

Tax-exempt · OCALA, FL 34471

Financials

$67K$65K2023$121K$115K2024
Revenue Expenses · by fiscal year end
Financials of GIFT OF THE HEART by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$121,000$115,000$6,000$20,315$0$20,315
December 31, 2023990-PF$66,500$65,425$1,075$14,315$0$14,315
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$121,000

Expenses

Grants and similar amounts paid
$0
Disbursements for charitable purposes
$114,000

Balance sheet and other

Total assets, start of year
$14,315
Total assets, end of year
$20,315
Total liabilities, end of year
$0
Net assets, end of year
$20,315
Fair market value of assets
$20,315
Qualifying distributions
$114,000

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
LEE MADSEN
2123 NE 7TH STREET, OCALA, FL 34470
PRESIDENT0.1$0
PATRICIA SCHENKER
8736 NW 136TH AVE RD, OCALA, FL 34482
VICE PRESIDE0.1$0
HEATHER DRAKE
3145 NW 60TH STREET, OCALA, FL 34475
SECRETARY0.25$0
DAVID COOPER
4420 E FT KING ST, OCALA, FL 34470
TREASURER0.1$0
DAVID ALVEREZ
4424 SE 11TH PLACE, OCALA, FL 34471
MANAGER0.1$0
BJ WALTER
1323 SE 49TH AVENUE, OCALA, FL 34471
MANAGER0.1$0
JOYCE K URBAN
1130 SE 18TH PLACE, OCALA, FL 34471
ADVISOR20$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
LEE MADSEN
2123 NE 7TH STREET, OCALA, FL 34470
PRESIDENT0.1$0
PATRICIA SCHENKER
8736 NW 136TH AVE RD, OCALA, FL 34482
VICE PRESIDE0.1$0
HEATHER DRAKE
3145 NW 60TH STREET, OCALA, FL 34475
SECRETARY0.25$0
DAVID COOPER
4420 E FT KING ST, OCALA, FL 34470
TREASURER0.2$0
DAVID ALVEREZ
4424 SE 11TH PLACE, OCALA, FL 34471
MANAGER0.1$0
BJ WALTER
1323 SE 49TH AVENUE, OCALA, FL 34471
MANAGER0.1$0
JOYCE K URBAN
1130 SE 18TH PLACE, OCALA, FL 34471
ADVISOR20$0

Address and contacts

Address (IRS master file)
1130 SE 18TH PL, OCALA, FL 34471-5422
Mailing address (990-N for 2019)
1130 SE 18th Place, Ocala FL 34470
Principal officer (990-N for 2019)
Lee Madsen, 2123 NE 7th St, Ocala FL 34470
Signed the 990-PF
JOYCE K URBAN, ADVISOR
Phone
(352) 216-1816
Return prepared by
COLLIER JERNIGAN EASTMAN & ZUBLICK PA

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
46-4209684
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$20,315
Income (IRS master file)
$121,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$121,000$115,000$20,315XML
990-PFDecember 2023$66,500$65,425$14,315XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-N for 2019
Officer: Lee Madsen
December 31, 2019≤ $50,000 receipts––e-Postcard

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 46-4209684).

Questions about GIFT OF THE HEART

What is the EIN of GIFT OF THE HEART?
The employer identification number (EIN) of GIFT OF THE HEART is 46-4209684.
Is GIFT OF THE HEART tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to GIFT OF THE HEART tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GIFT OF THE HEART file?
Form 990-PF. Private foundations file every year.
When is the next return of GIFT OF THE HEART 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 GIFT OF THE HEART last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who is the principal officer of GIFT OF THE HEART?
The 990-N for 2019 names Lee Madsen.
Who are the officers and directors of GIFT OF THE HEART?
The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does GIFT OF THE HEART have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $121,000, expenses of $115,000 and total assets of $20,315 at year end.

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