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Nonprofit · EIN 84-1979492

PLATT FAMILY FOUNDATION INC

Tax-exempt · WILMINGTON, DE 19809

Financials

−$16K$145K2023$211K$307K2024
Revenue Expenses · by fiscal year end
Financials of PLATT FAMILY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$211,239$306,874-$95,635$2,682,041$0$2,682,041
December 31, 2023990-PF-$16,282$145,291-$161,573$2,777,676$0$2,777,676
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$427,313
Dividends
$84,016
Interest
$1,452
Net gain from sales of assets
-$293,462
Other income
-$8,080

Expenses

Grants and similar amounts paid
$278,500
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$295,924
Excise tax on investment income
$1,096

Balance sheet and other

Total assets, start of year
$2,777,676
Total assets, end of year
$2,682,041
Total liabilities, end of year
$0
Net assets, end of year
$2,682,041
Fair market value of assets
$3,020,908
Qualifying distributions
$295,924
Net investment income
$86,245

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.

NameTitleHours / weekCompensation
Ben Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Georgiana Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Ira Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Pres, Dir1$0
Jeremy Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Ben Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, TREAS1$0
Georgiana Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
Ira Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Pres, Dir1$0
Jeremy Platt
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, SEC1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Ira Platt, President
Phone
(800) 839-1754
Return prepared by
Foundation Source

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
84-1979492
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
2019
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$2,682,041
Income (IRS master file)
$2,026,516

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$211,239$306,874$2,682,041XML
990-TDecember 2024–––IRS
990-PFDecember 2023-$16,282$145,291$2,777,676XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 84-1979492).

Questions about PLATT FAMILY FOUNDATION INC

What is the EIN of PLATT FAMILY FOUNDATION INC?
The employer identification number (EIN) of PLATT FAMILY FOUNDATION INC is 84-1979492.
Is PLATT FAMILY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to PLATT FAMILY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does PLATT FAMILY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of PLATT FAMILY 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 PLATT FAMILY 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 PLATT FAMILY FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does PLATT FAMILY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $211,239, expenses of $306,874 and total assets of $2,682,041 at year end.

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