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Nonprofit · EIN 86-3600057

FOLX FOUNDATION INC

Tax-exempt · MIAMI BEACH, FL 33139

Financials

$0$101K2022$120.6M$120.9M2023
Revenue Expenses · by fiscal year end
Financials of FOLX FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$120,639,845$120,949,471-$309,626$14,158,057$14,584,080-$426,023
December 31, 2022990-EZ$0$101,373-$101,373$31,176$147,573-$116,397
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$120,639,845
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$138,831
Salaries, compensation and benefits (total)
$159,792
Professional fundraising fees
$0
Legal fees
$8,234
Occupancy
$15,666
Travel
$4,696
Program services (functional)
$120,949,471

Balance sheet and other

Total assets, start of year
$31,176
Total assets, end of year
$14,158,057
Total liabilities, end of year
$14,584,080
Net assets, end of year
-$426,023
Net assets without donor restrictions
-$426,023
Gross receipts
$120,639,845
Employees
0
Year formed
2022
State of legal domicile
FL

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
KAREN BAUERPresident
Trustee or director, Officer
10$0
HEATHER STONESecretary
Officer
2$0
DANA FRANKTreasurer
Officer
2$0
990-EZ for the year ended December 31, 2022: 3 people
NameTitleHours / weekCompensation
KAREN BAUERPresident10$0
HEATHER STONESecretary2$0
DANA FRANKTreasurer2$0

Address and contacts

Address (IRS master file)
407 LINCOLN RD, MIAMI BEACH, FL 33139-3020
Signed the 990
KAREN BAUER, Director
Phone
(772) 494-7244
Return prepared by
CFO ASSOCIATES

Mission

Folxs charitable mission is to provide healthcare treatment and preventive services, counseling, and related educational services to a particularly vulnerable population, namely persons with HIV individuals substantially at risk of contracting HIV

990 for the year ended December 31, 2023

Program accomplishments

  • PROVIDES HIV AND STD TESTING AT NO COST TO THE PUBLIC.
    Expenses $120,949,471

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Check at the IRS
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-3600057
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E60)
Assets (IRS master file)
$64,429,578
Income (IRS master file)
$435,705,580

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$120,639,845$120,949,471$14,158,057XML
990-EZDecember 2022$0$101,373$31,176XML
990-EZDecember 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 86-3600057).

Questions about FOLX FOUNDATION INC

What is the EIN of FOLX FOUNDATION INC?
The employer identification number (EIN) of FOLX FOUNDATION INC is 86-3600057.
Is FOLX FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to FOLX FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOLX FOUNDATION 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 FOLX 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 FOLX FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who are the officers and directors of FOLX FOUNDATION INC?
The 990 for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does FOLX FOUNDATION INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $120,639,845, expenses of $120,949,471 and total assets of $14,158,057 at year end.

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