Nonprofit · EIN 56-2501835
BCO BENEVOLENCE FUND INC
Tax-exempt · JACKSONVILLE, FL 32245
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $200,744 | $144,404 | $56,340 | $319,949 | $0 | $319,949 |
| December 31, 2023 | 990-EZ | $181,626 | $97,828 | $83,798 | $263,609 | $0 | $263,609 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $187,303
- Program service revenue
- $0
- Investment income
- $13,441
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $137,663
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $137,663
- Management and general (functional)
- $6,741
Balance sheet and other
- Total assets, start of year
- $263,609
- Total assets, end of year
- $319,949
- Total liabilities, end of year
- $0
- Net assets, end of year
- $319,949
- Gross receipts
- $200,744
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2004
- State of legal domicile
- DE
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGG R NELSON | PRESIDENT/DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL K KNELLER | VICE PRESIDENT/SECRETARY Trustee or director | 0.5 | $0 |
| ROCCO A DAVANZO | DIRECTOR Trustee or director | 0.5 | $0 |
| CONNIE L KORTUS | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES P TODD | VICE PRESIDENT Trustee or director | 0.5 | $0 |
| JOSEPH R NICHOLS | VICE PRESIDENT Trustee or director | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGG R NELSON | PRESIDENT/DIRECTOR | 0.5 | $0 |
| MICHAEL K KNELLER | VICE PRESIDENT/SECRETARY | 0.5 | $0 |
| ROCCO A DAVANZO | DIRECTOR | 0.5 | $0 |
| CONNIE L KORTUS | DIRECTOR | 0.5 | $0 |
| JAMES P TODD | VICE PRESIDENT | 0.5 | $0 |
| JOSEPH R NICHOLS | VICE PRESIDENT | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 19135, JACKSONVILLE, FL 32245-9135
- In care of
- % ROCCO A DAVANZO
- Principal officer (990 for 2024)
- JAMES P TODD, 13410 SUTTON PARK DRIVE S, JACKSONVILLE, FL 32224
- Signed the 990
- JAMES P TODD, TRUSTEE
- Phone
- (904) 398-9400
- Return prepared by
- ERNST & YOUNG US LLP
Mission
AWARD EMERGENCY HARDSHIP ASSISTANCE
Program accomplishments
- The BCO Benevolence Fund, Inc. was formed for the purpose of providing emergency hardship assistance to the Business Capacity Owners (BCOs) under contract to Landstar System, Inc. and its subsidiaries and the immediate family members of those BCOs. BCOs are not employees of the Landstar System, rather they are small business owners and independent owner operators of sales facilities and equipment serving Landstar. The fund is designed to provide such emergency assistance to individuals in need. It is anticipated that the grants would be made for food, clothing, housing, repairs, transportation, medical assistance, funeral expenses, and other goods and services typically associated with an unforeseen event or circumstance such as a hurricane, fire, death, medical illness or accident. In order to receive an emergency hardship grant from the fund, the individual shall submit the required application and sufficient supporting documentation to support a finding that the recipient is "distressed"needy" as a result of an unforeseen event or circumstance. The fund distributed 42 grants during 2024 for a total of $137,663, an average of approximately $3,277 per grant recipient.Expenses $137,663 · grants $137,663
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 56-2501835
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $319,949
- Income (IRS master file)
- $200,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $200,744 | $144,404 | $319,949 | XML |
| 990-EZ | December 2023 | $181,626 | $97,828 | $263,609 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 56-2501835).
Questions about BCO BENEVOLENCE FUND INC
- What is the EIN of BCO BENEVOLENCE FUND INC?
- The employer identification number (EIN) of BCO BENEVOLENCE FUND INC is 56-2501835.
- Is BCO BENEVOLENCE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to BCO BENEVOLENCE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BCO BENEVOLENCE FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BCO BENEVOLENCE FUND 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 BCO BENEVOLENCE FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BCO BENEVOLENCE FUND INC?
- The 990 for the year ended December 31, 2024 names JAMES P TODD.
- Who are the officers and directors of BCO BENEVOLENCE FUND INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BCO BENEVOLENCE FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $200,744, expenses of $144,404 and total assets of $319,949 at year end.
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