Nonprofit · EIN 87-2372523
PREVAIL FUND
Tax-exempt · NEWTON HLDS, MA 02461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,673,717 | $4,068,520 | $4,605,197 | $13,224,603 | $1,322,613 | $11,901,990 |
| December 31, 2023 | 990-PF | $12,081,580 | $5,385,287 | $6,696,293 | $7,361,230 | $64,437 | $7,296,793 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,667,049
- Dividends
- $6,668
Expenses
- Grants and similar amounts paid
- $2,830,000
- Compensation of officers, directors and key employees
- $210,559
- Salaries, compensation and benefits (total)
- $373,274
- Disbursements for charitable purposes
- $2,824,053
- Excise tax on investment income
- $22,891
Balance sheet and other
- Total assets, start of year
- $7,361,230
- Total assets, end of year
- $13,224,603
- Total liabilities, end of year
- $1,322,613
- Net assets, end of year
- $11,901,990
- Fair market value of assets
- $13,224,603
- Qualifying distributions
- $2,824,053
- Net investment income
- $1,646,847
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| COLM O'FLYNN PO BOX 610226, NEWTON HIGHLANDS, MA 02461 | SECRETARY (FROM 11/15/2024) | 17 | $74,241 | $6,149 |
| DAVID HYLDEN PO BOX 610226, NEWTON HIGHLANDS, MA 02461 | TREASURER | 11 | $62,934 | $1,341 |
| ANDREW YOUN PO BOX 610226, NEWTON HIGHLANDS, MA 02461 | BOARD CHAIR | 5 | $40,550 | $97 |
| RORY FENTON PO BOX 610226, NEWTON HIGHLANDS, MA 02461 | SECRETARY (THRU 11/15/2024) | 11 | $32,834 | $980 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| COLM O'FLYNN 1150 WALNUT STREET 2ND FLOOR, NEWTON, MA 02461 | DIRECTOR Highest-paid employee | 40 | $150,334 | $3,650 |
| RORY FENTON 1150 WALNUT STREET 2ND FLOOR, NEWTON, MA 02461 | SECRETARY | 40 | $108,918 | $0 |
| ANKIT ARORA 1150 WALNUT STREET 2ND FLOOR, NEWTON, MA 02461 | ASSOC. DIRECTOR, EDU Highest-paid employee | 40 | $100,474 | $720 |
| DAVID HYLDEN 1150 WALNUT STREET 2ND FLOOR, NEWTON, MA 02461 | TREASURER | 40 | $64,856 | $0 |
| ANDREW YOUN 1150 WALNUT STREET 2ND FLOOR, NEWTON, MA 02461 | BOARD CHAIR | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 610226, NEWTON HLDS, MA 02461-0226
- In care of
- % RORY TENTON
- Signed the 990-PF
- DAVID HYLDEN, TREASURER
- Phone
- (206) 276-8813
- Website
- PREVAILFUND.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
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 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 87-2372523
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $13,224,603
- Income (IRS master file)
- $10,329,214
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,673,717 | $4,068,520 | $13,224,603 | IRS |
| 990-PF | December 2023 | $12,081,580 | $5,385,287 | $7,361,230 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | 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 87-2372523).
Questions about PREVAIL FUND
- What is the EIN of PREVAIL FUND?
- The employer identification number (EIN) of PREVAIL FUND is 87-2372523.
- Is PREVAIL FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PREVAIL FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PREVAIL FUND file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PREVAIL FUND 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 PREVAIL FUND 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 PREVAIL FUND?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $74,241 (COLM O'FLYNN, SECRETARY (FROM 11/15/2024)).
- How much revenue does PREVAIL FUND have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,673,717, expenses of $4,068,520 and total assets of $13,224,603 at year end.
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All nonprofits in NEWTON HLDS · Massachusetts · International, foreign affairs and national security