Nonprofit · EIN 46-4384236
MICHAEL P BENNETT FOUNDATION INC
Tax-exempt · BROOKLYN, NY 11209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $55,829 | $82,582 | -$26,753 | $50,363 | $0 | $188,195 |
| December 31, 2024 | 990-PF | $41,423 | $57,105 | -$15,682 | $143,281 | $0 | $143,281 |
| December 31, 2023 | 990-PF | $35,316 | $17,574 | $17,742 | $114,076 | $0 | $114,076 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $40,000
- Dividends
- $883
- Interest
- $7
- Net gain from sales of assets
- $14,939
Expenses
- Grants and similar amounts paid
- $82,500
- Disbursements for charitable purposes
- $82,500
- Excise tax on investment income
- $12
Balance sheet and other
- Total assets, start of year
- $143,281
- Total assets, end of year
- $50,363
- Total liabilities, end of year
- $0
- Net assets, end of year
- $188,195
- Fair market value of assets
- $122,031
- Qualifying distributions
- $82,500
- Net investment income
- $890
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 |
|---|---|---|---|
| MICHAEL P BENNETT 325 88TH STREET, BROOKLYN, NY 11209 | PRESIDENT | 0 | $0 |
| KAREN E SMITH 107 COALE AVENUE, STATEN ISLAND, NY 10314 | TREASURER | 0 | $0 |
| JOHN DEMAS 8814 FORT HAMILTON PARKWAY, BROOKLYN, NY 11209 | SECRETARY | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL P BENNETT 325 88TH STREET, BROOKLYN, NY 11209 | PRESIDENT | 10 | $0 |
| KAREN E SMITH 107 COALE AVENUE, STATEN ISLAND, NY 10314 | TREASURER | 0.5 | $0 |
| JOHN DEMAS 8814 FORT HAMILTON PARKWAY, BROOKLYN, NY 11209 | SECRETARY | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL P BENNETT 325 88TH STREET, BROOKLYN, NY 11209 | PRESIDENT | 10 | $0 |
| KAREN E SMITH 107 COALE AVENUE, STATEN ISLAND, NY 10314 | TREASURER | 1 | $0 |
| JOHN DEMAS 8814 FORT HAMILTON PARKWAY, BROOKLYN, NY 11209 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 325 88TH ST, BROOKLYN, NY 11209-5601
- Signed the 990-PF
- MICHAEL P BENNETT, PRESIDENT
- Phone
- (718) 836-8102
- Return prepared by
- CHRISTOPHER R SMITH & CO
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
- 46-4384236
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $50,363
- Income (IRS master file)
- $203,740
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $55,829 | $82,582 | $50,363 | XML |
| 990-PF | December 2024 | $41,423 | $57,105 | $143,281 | IRS |
| 990-PF | December 2023 | $35,316 | $17,574 | $114,076 | 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 46-4384236).
Questions about MICHAEL P BENNETT FOUNDATION INC
- What is the EIN of MICHAEL P BENNETT FOUNDATION INC?
- The employer identification number (EIN) of MICHAEL P BENNETT FOUNDATION INC is 46-4384236.
- Is MICHAEL P BENNETT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MICHAEL P BENNETT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAEL P BENNETT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAEL P BENNETT 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 MICHAEL P BENNETT 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 MICHAEL P BENNETT 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 MICHAEL P BENNETT FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $55,829, expenses of $82,582 and total assets of $50,363 at year end.
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