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Ebec Holdings

Not tax-deductible

Portsmouth, RIMutual-benefit / member-servingCommunity Development EIN 20-4705579Revenue $1.2M in FY2025Latest return filed Nov 10, 2025

On file with the IRSPortsmouth, RITax-exempt since Sep 2006

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Hold title and lease rental real estate for the benefit of the parent corporation, east bay education collaborative (Ebec).

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4705579) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $145K a year · 42% of revenue · last 6 filings
A surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
<0.1 mo
of spending, in cash
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.2M
+635% vs prior year
Spent
$254K
To programs
0%
Net assets
$416K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +635%
Tap a bar for its year
Revenue by fiscal year
FY2020$168K
FY2021$168K
FY2022$168K
FY2023$168K
FY2024$168K
FY2025$1.2M
Expenses
$254K
FY2025▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$191K
FY2021$197K
FY2022$192K
FY2023$191K
FY2024$180K
FY2025$254K
Net assets
$416K
FY2025▲ +174%
Tap a bar for its year
Net assets by fiscal year
FY2020−$477K
FY2021−$506K
FY2022−$530K
FY2023−$553K
FY2024−$565K
FY2025$416K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Thomas Kenworthy
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Wargo
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ana Riley
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ebec Holdings executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns and leases real estate for the benefit of its parent corporation.

Questions for Ebec Holdings

Tap to ask. Ebec Holdings sees how many people are interested.

Your first name shows with your question. Ebec Holdings answers here, for everyone.

1 program · in their own filed words · FY2024
01

Hold title and lease rental real estate for the benefit of the parent corporation, east bay education collaborative (ebec).

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-4705579) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$1.2M
Fees for servicesLn 2g$56K
Money outPt IX
$254K
Ln 25
Owns and owesPt X
$416K
net assets · Ln 32
Cash and savingsLn 1–2$812
Total assetsLn 16$416K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$56K
Investment incomeLn 3$1.2M
Gains on assetsLn 7$1.2M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$812
Cash and savings togetherLn 1–2$812
Other assetsLn 15$415K
Total assetsLn 16$416K
LiabilitiesLn 26$0
Net assetsLn 32$416K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$6K$812
Total assetsLn 16$2.1M$416K
LiabilitiesLn 26$2.7M$0
Net assetsLn 32−$565K$416K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$15K
Accounting feesLn 11c$3K
InterestLn 20$15K
Depreciation, depletion and amortizationLn 22$56K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$158K
Total functional expensesLn 25$254K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 10, 2025 $1.2M$254K$981K$416K 990 PDF
FY2024Filed with the IRS Dec 12, 2024 $168K$180K−$12K−$565K 990 PDF
FY2023Filed with the IRS May 14, 2024 $168K$191K−$23K−$553K 990 PDF
FY2022Filed with the IRS May 8, 2023 $168K$192K−$24K−$530K 990 PDF
FY2021Filed with the IRS May 16, 2022 $168K$197K−$29K−$506K 990 PDF
FY2020Filed with the IRS May 10, 2021 $168K$191K−$23K−$477K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $1,234,370 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $168,000$56,000
I-10 Investment income$1,178,370
I-11 Other revenue$0
I-12 Total revenuePrior year $168,000$1,234,370
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $179,822$253,544
I-18 Total expensesPrior year $179,822$253,544
I-19 Revenue less expensesPrior year −$11,822$980,826
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,234,370 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $56,000$56,000
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,178,370$1,178,370
VIII-12 Total revenueRelated to mission $1,234,370$1,234,370
Part IX · Statement of functional expenses $253,544 across 6 lines filed
IX-11b Legal fees$14,937
IX-11c Accounting fees$3,292
IX-20 Interest$15,310
IX-22 Depreciation, depletion and amortization$55,519
IX-23 Insurance$6,904
IX-24 Other expenses (24a–d)$157,582
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$253,544
Part X · Balance sheet $415,522 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $6,216$812
X-15 Other assets$414,710
X-16 Total assetsStart of year $2,132,266$415,522
X-26 Total liabilitiesStart of year $2,697,570$0
X-27 Net assets without donor restrictionsStart of year −$565,304$415,522
X-32 Total net assets or fund balancesStart of year −$565,304$415,522
X-33 Total liabilities and net assetsStart of year $2,132,266$415,522
Part XI · Reconciliation of net assets $415,522 net assets at year end
XI-1 Total revenue$1,234,370
XI-2 Total expenses$253,544
XI-3 Revenue less expenses$980,826
XI-4 Net assets at start of year−$565,304
XI-10 Net assets at end of year$415,522

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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