Nonprofit · EIN 88-1227879
FOUR HEARTS FOUNDATION
Tax-exempt · PORTSMOUTH, RI 02871
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $46,486 | $53,643 | -$7,157 | $90,889 | $0 | $90,889 |
| December 31, 2024 | 990 | $152,963 | $245,175 | -$92,212 | $98,046 | $0 | $98,046 |
| December 31, 2023 | 990 | $442,672 | $532,141 | -$89,469 | $190,258 | $0 | $190,258 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,126
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $34,360
- Other revenue
- $34,360
Expenses
- Grants and similar amounts paid
- $31,099
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $53,440
- Management and general (functional)
- $203
Balance sheet and other
- Total assets, start of year
- $98,046
- Total assets, end of year
- $90,889
- Total liabilities, end of year
- $0
- Net assets, end of year
- $90,889
- Net assets without donor restrictions
- $90,889
- Gross receipts
- $53,679
- Employees
- 0
- Volunteers
- 26
- Year formed
- 2022
- State of legal domicile
- RI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kateri Buerman | President Officer | 30 | $0 |
| Ashley Murphy | Board Member | 10 | $0 |
| Kelsea Godek | Vice President Officer | 10 | $0 |
| Ryan Yalanis | Treasurer Officer | 10 | $0 |
| Molly Kellogg | Secretary Officer | 10 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kateri Buerman | President Officer | 30 | $0 |
| Ashley Murphy | Board Member | 10 | $0 |
| Kelsea Godek | Vice President Officer | 10 | $0 |
| Ryan Yalanis | Treasurer Officer | – | $0 |
| Molly Kellogg | Secretary Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kateri Buerman | President Officer | 30 | $0 |
| Ashley Murphy | Volunteer Officer | 10 | $0 |
| Kelsea Godek | Volunteer Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 106 CARNEGIE HARBOR DR, PORTSMOUTH, RI 02871-1619
- Principal officer (990 for 2025)
- Kateri Chappell Buerman, 106 Carnegie Harbor Drive, Portsmouth, RI 02871
- Signed the 990
- Kateri Chappell Buerman, President
- Phone
- (401) 862-0399
- Return prepared by
- CYNTHIA WATERMAN
Mission
To rebuild the Portsmouth Community Playground to be bigger, better, safer, inclusive and adaptivefor all ages and all abilities.
Program accomplishments
- Successfully raised funds to build and furnish a public playground for all children regardless of disabilities to play safely.Expenses $53,440 · grants $31,099 · revenue $53,679
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-1227879
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N32)
- Assets (IRS master file)
- $90,889
- Income (IRS master file)
- $53,679
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $46,486 | $53,643 | $90,889 | IRS |
| 990 | December 2024 | $152,963 | $245,175 | $98,046 | IRS |
| 990 | December 2023 | $442,672 | $532,141 | $190,258 | XML |
| 990 | December 2022 | $280,527 | $800 | $279,727 | 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 88-1227879).
Questions about FOUR HEARTS FOUNDATION
- What is the EIN of FOUR HEARTS FOUNDATION?
- The employer identification number (EIN) of FOUR HEARTS FOUNDATION is 88-1227879.
- Is FOUR HEARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FOUR HEARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUR HEARTS FOUNDATION 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 FOUR HEARTS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUR HEARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FOUR HEARTS FOUNDATION?
- The 990 for the year ended December 31, 2025 names Kateri Chappell Buerman.
- Who are the officers and directors of FOUR HEARTS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FOUR HEARTS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $46,486, expenses of $53,643 and total assets of $90,889 at year end.
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All nonprofits in PORTSMOUTH · Rhode Island · Recreation and sports