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Beneficial Returns INC

Tax-deductible

San Francisco, CA501(c)(3)Since 2025Foundations & GrantmakersEIN 33-2284695

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To reduce poverty and improve the natural environment, particularly in Latin America and Southeast Asia, through impact investing.

501(c)(3) charity; gifts are tax-deductible.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2232 mo
of spending, in cash
Looks good: 2232.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$309K
Spent
$18K
To programs
0%
Net assets
$291K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2026.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Theodore Levinson
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Lebovitz
Board President
$0Pt VII · Sec A
Carlos Pierre
Board Member
$0Pt VII · Sec A
See Beneficial Returns INC executive salaries →

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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

Beneficial Returns INC is a public foundation based in San Francisco, CA, formed in 2025.

Provided by the organization

This section is blank until Beneficial Returns INC claims this page.

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2 program services, described in the organization's own filed words · FY2025.
01

This is our first year of operations and the organization did not have any program services this year.

Pt IX · col B
02

This is our first year of operations and the organization did not have any program services this year.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Sk2 Fund INCFY2023$2K
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$309K
Ln 12
Gifts and grantsLn 1h$228K
Investment incomeLn 3$81K
Other incomeLn 4–11$1
Money outPt IX
$18K
Ln 25
Owns and owesPt X
$291K
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$3.3M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Investment incomeLn 3$81K
Other incomeLn 4–11$1
Total revenueLn 12$309K
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$450K
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$3.3M
LiabilitiesLn 26$3.0M
Net assetsLn 32$291K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$0$3.3M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$0$3.3M
LiabilitiesLn 26$0$3.0M
Net assetsLn 32$0$291K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Legal feesLn 11b$120
Accounting feesLn 11c$4K
Professional fundraising feesLn 11e$0$0
InterestLn 20$3K
Other expenses (24a–d)Ln 24$11K$0$0$0
Total functional expensesLn 25$18K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $309K$18K$291K$291K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $309,274 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$228,498
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$228,498
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$80,775
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$309,274
Part IX · Statement of functional expenses $17,869 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal fees$120
IX-11c Accounting fees$3,500
IX-11e Professional fundraising feesFundraising $0$0
IX-20 Interest$3,083
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$11,166
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$17,869
Part X · Balance sheet $3,336,882 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $0$2,874,253
X-2 Savings and temporary cash investmentsStart of year $0$450,171
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$12,458
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $0$3,336,882
X-17 Accounts payable and accrued expensesStart of year $0$48,422
X-18 Grants payableStart of year $0$0
X-24 Unsecured notes and loans payable$2,997,056
X-26 Total liabilitiesStart of year $0$3,045,478
X-27 Net assets without donor restrictionsStart of year $0$264,190
X-28 Net assets with donor restrictionsStart of year $0$272,214
X-32 Total net assets or fund balancesStart of year $0$291,404
X-33 Total liabilities and net assetsStart of year $0$3,336,882
Part XI · Reconciliation of net assets $291,404 net assets at year end
XI-1 Total revenue$309,274
XI-2 Total expenses$17,869
XI-3 Revenue less expenses$291,405
XI-4 Net assets at start of year$0
XI-10 Net assets at end of year$291,404

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

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