Nonprofit · EIN 47-5467905
SEVERUS FOUNDATION CORP
Tax-exempt · KINGSTON, NY 12401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $879,774 | $314,640 | $565,134 | $698,829 | $0 | $698,829 |
| December 31, 2023 | 990-PF | $237,150 | $191,532 | $45,618 | $133,695 | $0 | $133,695 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $877,525
- Other income
- $2,249
Expenses
- Grants and similar amounts paid
- $309,000
- Disbursements for charitable purposes
- $309,000
Balance sheet and other
- Total assets, start of year
- $133,695
- Total assets, end of year
- $698,829
- Total liabilities, end of year
- $0
- Net assets, end of year
- $698,829
- Fair market value of assets
- $698,829
- Qualifying distributions
- $309,000
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Laties 45 Pine Grove Ave Ste 214, Kingston, NY 12401 | President | 1 | $0 |
| Andrew Laties 45 Pine Grove Ave Ste 214, kingston, NY 12401 | Secretary | 0.25 | $0 |
| Nancy Feresten 45 Pine Grove Ave Ste 214, Kingston, NY 12401 | Treasurer | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Laties 224 Fair Street, Kingston, NY 12401 | President | 1 | $0 |
| Andrew Laties 224 Fair Street, kingston, NY 12401 | Secretary | 0.25 | $0 |
| Nancy Feresten 224 Fair Street, Kingston, NY 12401 | Treasurer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- C/O FLYNN CPA - 45 PINE GROVE AVE 2, KINGSTON, NY 12401-0000
- In care of
- % FRANCIS P FLYNN CPA
- Signed the 990-PF
- David Laties, President
- Phone
- (845) 340-7999
- Return prepared by
- Francis P Flynn CPA PC
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 | Not 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
- 47-5467905
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $698,829
- Income (IRS master file)
- $1,057,298
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $879,774 | $314,640 | $698,829 | IRS |
| 990-PF | December 2023 | $237,150 | $191,532 | $133,695 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 47-5467905).
Questions about SEVERUS FOUNDATION CORP
- What is the EIN of SEVERUS FOUNDATION CORP?
- The employer identification number (EIN) of SEVERUS FOUNDATION CORP is 47-5467905.
- Is SEVERUS FOUNDATION CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to SEVERUS FOUNDATION CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does SEVERUS FOUNDATION CORP file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SEVERUS FOUNDATION CORP 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 SEVERUS FOUNDATION CORP 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 SEVERUS FOUNDATION CORP?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does SEVERUS FOUNDATION CORP have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $879,774, expenses of $314,640 and total assets of $698,829 at year end.
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