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Nearing Butremuk Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$60.8k (2024)

Expenses
$122k (2024)

Total Assets
$572k (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,820
Expenses
$121,500
Net Income
-$60,680
Net Assets
$572,479
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,149
6.8%
Dividends $14,425
23.7%
Sales of Assets $42,246
69.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,000
90.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $572,479
Total Liabilities $0
Net Assets $572,479
Compensation
Key Employees and Officers Compensation Other
Joseph Demarzo (President) $0 $0
Patte Horn (Director) $0 $0
Lance Demarzo (Director) $0 $0
Susan Demarzo (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$24,996
Expenses
$136,171
Net Income
-$111,175
Net Assets
$620,314
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,309
13.2%
Dividends $16,575
66.3%
Sales of Assets $5,112
20.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $125,000
91.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $620,314
Total Liabilities $0
Net Assets $620,314
Compensation
Key Employees and Officers Compensation Other
Joseph Demarzo (President) $0 $0
Joan Demarzo (Vice President Treasurer) $0 $0
Patte Horn (Director) $0 $0
Lance Demarzo (Director) $0 $0
Susan Demarzo (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$35,720
Expenses
$136,933
Net Income
-$101,213
Net Assets
$701,489
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,221
6.2%
Dividends $16,211
45.4%
Sales of Assets $17,288
48.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $125,000
91.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $701,489
Total Liabilities $0
Net Assets $701,489
Compensation
Key Employees and Officers Compensation Other
Joseph Demarzo (President) $0 $0
Joan Demarzo (Vice President Treasurer) $0 $0
Patte Horn (Director) $0 $0
Lance Demarzo (Director) $0 $0
Susan Demarzo (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$48,404
Expenses
$123,116
Net Income
-$74,712
Net Assets
$807,702
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,171
6.6%
Dividends $18,522
38.3%
Sales of Assets $26,711
55.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,000
89.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $807,702
Total Liabilities $0
Net Assets $807,702
Compensation
Key Employees and Officers Compensation Other
Joseph Demarzo (President) $0 $0
Joan Demarzo (Vice President Treasurer) $0 $0
Patte Horn (Director) $0 $0
Lance Demarzo (Director) $0 $0
Susan Demarzo (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$18,588
Expenses
$76,000
Net Income
-$57,412
Net Assets
$927,413
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,540
29.8%
Dividends $15,189
81.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,000
85.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $927,414
Total Liabilities $1
Net Assets $927,413
Compensation
Key Employees and Officers Compensation Other
Joseph Demarzo (President) $0 $0
Joan Demarzo (Vice President Treasurer) $0 $0
Patte Horn (Director) $0 $0
Lance Demarzo (Director) $0 $0
Susan Demarzo (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$77,640
Expenses
$91,391
Net Income
-$13,751
Net Assets
$935,943
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5,107
6.6%
Dividends $16,530
21.3%
Sales of Assets $56,003
72.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,000
87.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $935,944
Total Liabilities $1
Net Assets $935,943
Compensation
Key Employees and Officers Compensation Other
Joseph Demarzo (President) $0 $0
Joan Demarzo (Vice President Treasurer) $0 $0
Patte Horn (Director) $0 $0
Lance Demarzo (Director) $0 $0
Susan Demarzo (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$97,494
Expenses
$98,153
Net Income
-$659
Net Assets
$884,208
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $109
0.1%
Dividends $22,520
23.1%
Sales of Assets $74,865
76.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $90,000
91.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $884,208
Total Liabilities $0
Net Assets $884,208
Compensation
Key Employees and Officers Compensation Other
Joseph Demarzo (President) $0 $0
Joan Demarzo (Vice President Treasurer) $0 $0
Patte Horn (Director) $0 $0
Lance Demarzo (Director) $0 $0
Susan Demarzo (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$101,901
Expenses
$87,730
Net Income
$14,171
Net Assets
$1,018,798
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $24,312
23.9%
Sales of Assets $77,586
76.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,000
79.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,018,798
Total Liabilities $0
Net Assets $1,018,798

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$114,625
Expenses
$77,646
Net Income
$36,979
Net Assets
$1,006,808
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $25,432
22.2%
Sales of Assets $89,192
77.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,000
77.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,006,808
Total Liabilities $0
Net Assets $1,006,808

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,656
Expenses
$70,489
Net Income
-$9,833
Net Assets
$1,026,134
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $21,522
35.5%
Sales of Assets $39,134
64.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $55,000
78.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,026,134
Total Liabilities $0
Net Assets $1,026,134

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,454
Expenses
$68,996
Net Income
-$48,542
Net Assets
$980,967
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $20,454
100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $53,000
76.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $980,967
Total Liabilities $0
Net Assets $980,967

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,202
Expenses
$67,318
Net Income
-$34,116
Net Assets
$1,024,298
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $22,865
68.9%
Sales of Assets $10,334
31.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $52,000
77.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,024,298
Total Liabilities $0
Net Assets $1,024,298

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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