Nonprofit · EIN 85-2592534
1616 LATIMER FUND
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $382,255 | $189,655 | $192,600 | $503,673 | $0 | $503,673 |
| June 30, 2024 | 990 | $404,524 | $365,900 | $38,624 | $311,073 | $0 | $311,073 |
| June 30, 2023 | 990 | $393,248 | $155,970 | $237,278 | $272,449 | $0 | $272,449 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $382,255
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $172,757
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $119
- Accounting fees
- $2,700
- Program services (functional)
- $172,757
- Management and general (functional)
- $14,121
- Fundraising (functional)
- $2,777
Balance sheet and other
- Total assets, start of year
- $311,073
- Total assets, end of year
- $503,673
- Total liabilities, end of year
- $0
- Net assets, end of year
- $503,673
- Net assets without donor restrictions
- $503,673
- Gross receipts
- $382,255
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2020
- 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 |
|---|---|---|---|
| DIANNE REED | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PATRICIA DALY | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
| LOIS HORGAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN HUFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN MAXMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARLINE F MILNER | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY TRAUGER | DIRECTOR Trustee or director | 1 | $0 |
| PEGGY WACHS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN HUFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN MAXMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARLINE F MILNER | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY TRAUGER | DIRECTOR Trustee or director | 1 | $0 |
| DIANNE REED | PRESIDENT Officer | 1 | $0 |
| PATRICIA DALY | TREASURER Officer | 1 | $0 |
| ANN SATTERTHWAITE | SECRETARY Officer | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN HUFFMAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN MAXMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARLINE F MILNER | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY TRAUGER | DIRECTOR Trustee or director | 1 | $0 |
| DIANNE REED | PRESIDENT Officer | 1 | $0 |
| PATRICIA DALY | TREASURER Officer | 1 | $0 |
| ANN SATTERTHWAITE | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1616 LATIMER ST, PHILADELPHIA, PA 19103-6308
- Mailing address (990-N for 2021)
- 1616 Latimer Street, Philadelphia PA 19103
- Principal officer (990 for 2024)
- DIANNE REED, 1616 LATIMER STREET, PHILADELPHIA, PA 19103
- Principal officer (990-N for 2021)
- Dianne E Reed, 1616 Latimer Street, Philadelphia PA 19103
- Signed the 990
- DIANNE REED, PRESIDENT
- Phone
- (267) 457-2172
- Website
- 1616LATIMERFUND.ORG
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY LLP
Mission
FUND THE HISTORIC PRESERVATION OF THE 1616 LATIMER STREET PROPERTY, WHICH HAS STANDING IN THE NATIONAL REGISTER OF HISTORIC PLACES AS A CONTRIBUTING PROPERTY TO THE RITTENHOUSE HISTORIC DISTRICT
Program accomplishments
- TO PRESERVE THE FOUNDERS' GEM OF A BUILDING AND ENSURE THAT THIS DISTINCTIVE AND LARGELY INTACT EXAMPLE OF ART DECO DESIGN IS BROUGHT UP TO MODERN STANDARDS THAT RESPECT ITS HISTORYExpenses $172,757 · grants $172,757 · revenue $382,255
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
- 85-2592534
- 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
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A80)
- Assets (IRS master file)
- $503,673
- Income (IRS master file)
- $382,255
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $382,255 | $189,655 | $503,673 | XML |
| 990 | June 2024 | $404,524 | $365,900 | $311,073 | XML |
| 990 | June 2023 | $393,248 | $155,970 | $272,449 | XML |
| 990-N for 2021 Officer: Dianne E Reed | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Dianne E Reed | June 30, 2021 | ≤ $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 85-2592534).
Questions about 1616 LATIMER FUND
- What is the EIN of 1616 LATIMER FUND?
- The employer identification number (EIN) of 1616 LATIMER FUND is 85-2592534.
- Is 1616 LATIMER FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to 1616 LATIMER FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1616 LATIMER FUND 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 1616 LATIMER FUND 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 1616 LATIMER FUND 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 1616 LATIMER FUND?
- The 990 for the year ended June 30, 2025 names DIANNE REED.
- Who are the officers and directors of 1616 LATIMER FUND?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does 1616 LATIMER FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $382,255, expenses of $189,655 and total assets of $503,673 at year end.
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