Nonprofit · EIN 56-1853390
MEBANE CHARITABLE FOUNDATION INC
Tax-exempt · GARDEN CITY, NY 11530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,607,056 | $2,329,412 | $2,277,644 | $27,051,280 | $0 | $27,051,280 |
| December 31, 2023 | 990-PF | $839,154 | $2,444,783 | -$1,605,629 | $24,738,001 | $3,800 | $24,734,201 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $700,031
- Net gain from sales of assets
- $3,895,694
- Other income
- $11,331
Expenses
- Grants and similar amounts paid
- $1,519,777
- Compensation of officers, directors and key employees
- $295,000
- Salaries, compensation and benefits (total)
- $41,810
- Disbursements for charitable purposes
- $2,151,934
- Excise tax on investment income
- $61,833
Balance sheet and other
- Total assets, start of year
- $24,738,001
- Total assets, end of year
- $27,051,280
- Total liabilities, end of year
- $0
- Net assets, end of year
- $27,051,280
- Fair market value of assets
- $36,251,875
- Qualifying distributions
- $2,151,934
- Net investment income
- $4,599,151
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 |
|---|---|---|---|
| LARRY C COLBOURNE C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | PRESIDENT & DIRECTOR | 40 | $211,000 |
| SUSAN DOMANSKI C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | ASSISTANT SECRETARY | 40 | $76,000 |
| PAUL H LIVINGSTON JR C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | SECRETARY & DIRECTOR | 2 | $4,000 |
| WILLIAM MEBANE C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | DIRECTOR | 2 | $4,000 |
| MARIANNE C MEBANE C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | CHAIRPERSON & DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY C COLBOURNE C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | PRESIDENT & DIRECTOR | 40 | $0 |
| MARIANNE C MEBANE C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | CHAIRPERSON & DIRECTOR | 2 | $0 |
| PAUL H LIVINGSTON JR C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | SECRETARY & DIRECTOR | 2 | $0 |
| SUSAN DOMANSKI C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | ASSISTANT SECRETARY | 40 | $0 |
| WILLIAM MEBANE C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | DIRECTOR | 2 | $0 |
| DONALD C MCMILLION C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | DIRECTOR | 2 | $0 |
| HANK HAGEY C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | DIRECTOR | 2 | $0 |
| DENNIS QUAINTANCE RESIGNED 2023 C/O BESSEMER TRUST 1225 FRANKLIN, AVENUE SUITE 500, GARDEN CITY, NY 11530 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1325 FRANKLIN AVE STE 560, GARDEN CITY, NY 11530-1638
- In care of
- % BESSEMER TR
- Signed the 990-PF
- LARRY COLBOURNE, PRESIDENT
- Phone
- (516) 508-9623
- Website
- WWW.MEBANEFOUNDATION.COM
- Return prepared by
- BESSEMER TRUST COMPANY NA
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
- 56-1853390
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $27,051,280
- Income (IRS master file)
- $27,666,016
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,607,056 | $2,329,412 | $27,051,280 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $839,154 | $2,444,783 | $24,738,001 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 56-1853390).
Questions about MEBANE CHARITABLE FOUNDATION INC
- What is the EIN of MEBANE CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of MEBANE CHARITABLE FOUNDATION INC is 56-1853390.
- Is MEBANE CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MEBANE CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MEBANE CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MEBANE CHARITABLE FOUNDATION INC 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 MEBANE CHARITABLE FOUNDATION INC 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 MEBANE CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $211,000 (LARRY C COLBOURNE, PRESIDENT & DIRECTOR).
- How much revenue does MEBANE CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,607,056, expenses of $2,329,412 and total assets of $27,051,280 at year end.
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