Nonprofit · EIN 82-4121313
FORBES AVENUE FOUNDATION
Tax-exempt · PITTSBURGH, PA 15222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $494,105 | $363,555 | $130,550 | $148,579 | $3,222 | $145,357 |
| June 30, 2024 | 990 | $431,252 | $486,418 | -$55,166 | $17,333 | $2,526 | $14,807 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $480,731
- of which government grants
- $13,813
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $13,374
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $129,918
- Other salaries and wages
- $118,287
- Salaries, compensation and benefits (total)
- $269,937
- Professional fundraising fees
- $0
- Accounting fees
- $9,566
- Travel
- $6,524
- Program services (functional)
- $209,810
- Management and general (functional)
- $79,349
- Fundraising (functional)
- $74,396
Balance sheet and other
- Total assets, start of year
- $17,333
- Total assets, end of year
- $148,579
- Total liabilities, end of year
- $3,222
- Net assets, end of year
- $145,357
- Net assets without donor restrictions
- $145,357
- Gross receipts
- $494,105
- Employees
- 9
- Volunteers
- 10
- Year formed
- 2019
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES DEMASI | EXECUTIVE DI Trustee or director | 40 | $93,250 |
| RYAN MCDERMOTT | FOUNDER, SR Trustee or director | 10 | $36,668 |
| DAN VERES | PRESIDENT Trustee or director, Officer | 5 | $0 |
| DAREN D'IPPOLITO | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| JASON SPAK | SECRETARY Trustee or director, Officer | 5 | $0 |
| MARK GROBAKER | TREASURER Trustee or director, Officer | 5 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES DEMASI | EXECUTIVE DI Trustee or director | 40 | $84,647 |
| RYAN MCDERMOTT | FOUNDER, SR Trustee or director | 10 | $31,250 |
| DAREN D'IPPOLITO | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| MARK GROBAKER | TREASURER Trustee or director, Officer | 5 | $0 |
| JASON SPAK | SECRETARY Trustee or director, Officer | 5 | $0 |
| DAN VERES | PRESIDENT Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 210 6TH AVE STE 3650, PITTSBURGH, PA 15222-2628
- Principal officer (990 for 2024)
- DAN VERES, 10210 GRUBBS RD, WEXFORD, PA 15090
- Signed the 990
- JAMES DEMASI, EXECUTIVE DIRECTOR
- Phone
- (412) 326-7649
- Website
- WWW.BEATRICEINSTITUTE.ORG
- 990-N for 2018 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: DAN VERES, 339 6TH AVE STE 1400, PITTSBURGH PA 15222. Mailing address: 339 6TH AVE STE 1400, PITTSBURGH PA 15222.
- Return prepared by
- OPST & ASSOCIATES LLC
Mission
BEATRICE INSTITUTE IS AN ECUMENICAL LEARNING AND RESEARCH COMMUNITY BASED IN PITTSBURGH THAT FOSTERS FRIENDSHIPS AROUND THE CHRISTIAN INTELLECTUAL AND CULTURAL TRADITIONS IN PURSUIT OF THE BEAUTIFUL, THE TRUE, AND THE GOOD.
Program accomplishments
- CHRISTIAN STUDIES FELLOWSHIP: PROVIDE ADVISING, EXTRACURRICULAR EVENTS, LECTURES AND SEMINARS TO UNDERGRADUATE AND GRADUATE FELLOWS.Expenses $209,810
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-4121313
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A70)
- Assets (IRS master file)
- $148,579
- Income (IRS master file)
- $494,105
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $494,105 | $363,555 | $148,579 | XML |
| 990 | June 2024 | $431,252 | $486,418 | $17,333 | XML |
| 990 | June 2023 | $332,499 | $311,410 | $71,946 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: DAN VERES Filed under this EIN, most likely by a chapter or affiliate | December 31, 2018 | ≤ $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 82-4121313).
Questions about FORBES AVENUE FOUNDATION
- What is the EIN of FORBES AVENUE FOUNDATION?
- The employer identification number (EIN) of FORBES AVENUE FOUNDATION is 82-4121313.
- Is FORBES AVENUE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FORBES AVENUE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORBES AVENUE FOUNDATION 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 FORBES AVENUE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORBES AVENUE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FORBES AVENUE FOUNDATION?
- The 990 for the year ended June 30, 2025 names DAN VERES.
- Who are the officers and directors of FORBES AVENUE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 2 received compensation from the organization, the highest $93,250 (JAMES DEMASI, EXECUTIVE DI).
- How much revenue does FORBES AVENUE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $494,105, expenses of $363,555 and total assets of $148,579 at year end.
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