Nonprofit · EIN 87-3614186
BANCROFT FOUNDATION
Tax-exempt · CRESTED BUTTE, CO 81224
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $273,597 | $210,504 | $63,093 | $4,709,689 | $0 | $4,241,316 |
| December 31, 2023 | 990-PF | $1,054,140 | $181,052 | $873,088 | $4,178,223 | $0 | $4,178,223 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,500
- Dividends
- $68,435
- Interest
- $40,653
- Net gain from sales of assets
- $156,739
- Other income
- -$3,730
Expenses
- Grants and similar amounts paid
- $176,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $176,000
- Excise tax on investment income
- $3,695
Balance sheet and other
- Total assets, start of year
- $4,178,223
- Total assets, end of year
- $4,709,689
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,241,316
- Fair market value of assets
- $4,709,689
- Qualifying distributions
- $176,000
- Net investment income
- $265,827
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 |
|---|---|---|---|
| AMELIA SIMPSON 2831 NW CORNELL DRIVE, PORTLAND, OR 97210 | FOUNDER | 0 | $0 |
| Jed Schlanger 5440 SW Westgate Drive STE 110, PORTLAND, OR 97221 | Director | 0 | $0 |
| Donna Stephens 1635 SE Malden Suite A, PORTLAND, OR 97202 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMELIA SIMPSON 2831 NW CORNELL DRIVE, PORTLAND, OR 97210 | FOUNDER | 0 | $0 |
| JED SCHLANGER 5440 SW WESTGATE DRIVE STE 110, PORTLAND, OR 97221 | DIRECTOR | 0 | $0 |
| DONNA STEPHENS 1635 SE MALDEN SUITE A, PORTLAND, OR 97202 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1593, CRESTED BUTTE, CO 81224-1593
- In care of
- % DONNA STEPHENS
- Signed the 990-PF
- AMELIA SIMPSON, DIRECTOR
- Phone
- (503) 292-0931
- Return prepared by
- KBF 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
- 87-3614186
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Environment (C12)
- Assets (IRS master file)
- $4,241,317
- Income (IRS master file)
- $1,581,102
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $273,597 | $210,504 | $4,709,689 | IRS |
| 990-PF | December 2023 | $1,054,140 | $181,052 | $4,178,223 | 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 87-3614186).
Questions about BANCROFT FOUNDATION
- What is the EIN of BANCROFT FOUNDATION?
- The employer identification number (EIN) of BANCROFT FOUNDATION is 87-3614186.
- Is BANCROFT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BANCROFT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BANCROFT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BANCROFT FOUNDATION 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 BANCROFT FOUNDATION 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 BANCROFT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does BANCROFT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $273,597, expenses of $210,504 and total assets of $4,709,689 at year end.
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