Nonprofit · EIN 88-2025368
50 WAYS FOUNDATION INC
Tax-exempt · MORGANVILLE, NJ 07751
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $56,341 | $73,141 | -$16,800 | $41,700 | $0 | $41,700 |
| December 31, 2023 | 990-EZ | $101,910 | $43,410 | $58,500 | $58,500 | $0 | $58,500 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,532
- Program service revenue
- $20,809
Expenses
- Benefits paid to members
- $111
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $5,769
- Professional fees and payments to contractors
- $16,726
- Printing, publications and postage
- $3,603
- Other expenses
- $46,932
- Program services (functional)
- $43,825
Balance sheet and other
- Total assets, start of year
- $58,500
- Total assets, end of year
- $41,700
- Total liabilities, end of year
- $0
- Net assets, end of year
- $41,700
- Cash, savings and investments
- $41,700
- Gross receipts
- $56,341
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COLE ANTHONY | FOUNDER | 5 | $0 |
| BRYCE COUNCIL | PRESIDENT | 5 | $0 |
| JACOB ANSEL | TREASURER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COLE ANTHONY | FOUNDER | 5 | $0 |
| BRYCE COUNCIL | PRESIDENT | 5 | $0 |
| BRADLEY DOCK | GENERAL COUNCIL | 5 | $0 |
| JACOB ANSEL | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1131 CAMPUS DR, MORGANVILLE, NJ 07751-1261
- Signed the 990-EZ
- COLE ANTHONY, FOUNDER
- Phone
- (347) 237-3470
- Return prepared by
- VFG ADVISORY LLC
Mission
TO INSPIRE AND EMPOWER OUR YOUTH BY PROVIDING MENTORSHIP, NEW EXPERIENCES, AND RESOURCES THAT CAN CREATE DIFFERENT OPPORTUNITIES FOR THEM TO BE SUCCESSFUL.
Program accomplishments
- TO INSPIRE AND EMPOWER OUR YOUTH BY PROVIDING MENTORSHIP, NEW EXPERIENCES, AND RESOURCES THAT CAN CREATE DIFFERENT OPPORTUNITIES FOR THEM TO BE SUCCESSFUL.Expenses $43,825
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-2025368
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A01)
- Assets (IRS master file)
- $41,700
- Income (IRS master file)
- $56,341
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $56,341 | $73,141 | $41,700 | XML |
| 990-EZ | December 2023 | $101,910 | $43,410 | $58,500 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-2025368).
Questions about 50 WAYS FOUNDATION INC
- What is the EIN of 50 WAYS FOUNDATION INC?
- The employer identification number (EIN) of 50 WAYS FOUNDATION INC is 88-2025368.
- Is 50 WAYS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to 50 WAYS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 50 WAYS 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 50 WAYS 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 50 WAYS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of 50 WAYS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does 50 WAYS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $56,341, expenses of $73,141 and total assets of $41,700 at year end.
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