Nonprofit · EIN 99-5090799
1916 FOUNDATION INC
Tax-exempt · HIGHLAND PARK, IL 60035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $82,000 | $40 | $81,960 | $81,960 | $0 | $81,960 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $82,000
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $40
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $81,960
- Total liabilities, end of year
- $0
- Net assets, end of year
- $81,960
- Cash, savings and investments
- $81,960
- Gross receipts
- $82,000
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 |
|---|---|---|---|
| MICHAEL G BUNGERT | DIRECTOR | 1 | $0 |
| ARLINGTON J GUENTHER | DIRECTOR | 1 | $0 |
| REV CHRIS M GUSTAFSON | DIRECTOR | 1 | $0 |
| JOSEPH E VALENTI | PRESIDENT | 1 | $0 |
| CHRIS J JENSEN | VICE PRESIDENT | 1 | $0 |
| CEZAR M FROELICH | SECRETARY | 1 | $0 |
| RON CORTINA | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1120 CROFTON AVE N, HIGHLAND PARK, IL 60035-3954
- Signed the 990-EZ
- JOSEPH E VALENTI, PRESIDENT
- Phone
- (847) 209-3100
- Return prepared by
- SELDEN FOX LTD
Mission
THE MISSION OF THE ORGANIZATION IS TO PROVIDE SCHOLARSHIPS AND OTHER EDUCATIONAL OPPORTUNITIES TO ELIGIBLE INDIVIDUALS, AS DETERMINED BY THE COPRERATIONS BOARD OF DIRECTORS OF THE CORPORATION, MAKE DISTRIBUTIONS FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES TO ELIGIBLE INDIVIDUALS AS DETERMINED BY THE BOARD OF DIRECTORS, MAKE DISTRIBUTIONS FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES TO ORGANIZATIONS WHICH QUALIFY AS EXPEMPT ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS, AND MAKE PAYMENTS AND EXPENSE REIMBURSEMENTS TO ELIGIBLE INDIVIDUALS,AS DETERMINED BY THE BOARD OF DIRECTORS THAT CONSTITUTE QUALIFIED DISASTER RELIEF PAYMENTS AS AS DEFINED UNDER INTERNAL REVENUE CODE SECTION 139.
Program accomplishments
- THE ORGANIZATION FORMED DURING 2024 AND HAS NOT INCURRED ANY PROGRAM EXPENSES AS OF DECEMBER 31, 2024.
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 | Check at the IRS |
IRS record
- EIN
- 99-5090799
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $81,960
- Income (IRS master file)
- $82,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $82,000 | $40 | $81,960 | 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 99-5090799).
Questions about 1916 FOUNDATION INC
- What is the EIN of 1916 FOUNDATION INC?
- The employer identification number (EIN) of 1916 FOUNDATION INC is 99-5090799.
- Is 1916 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to 1916 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1916 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 1916 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 1916 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 1916 FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does 1916 FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $82,000, expenses of $40 and total assets of $81,960 at year end.
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