Palm Beach Industrial Park II Inc
Public records raise at least one point you should look into before giving.
What it says it does
TO HOLD TITLE TO REAL PROPERTY AND TURN OVER PROFITS FROM THE RENTAL ACTIVITY TO THE PARENT EXEMPT ORGANIZATION; THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN: 11-6013398).
- Income
- $885,673
- Spending
- $217,545
- Employees
- 3
- Highest pay
- $221,626, president
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $685,894 spent. THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION. THE NET RENTS COLLECTED ARE DETERMINED ANNUALLY AND THE ORGANIZATION REMITS ANY SHORTFALL BETWEEN NET RENTS AND AMOUNTS DISTRIBUTED TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION DURING THE CURRENT YEAR IN THE SUCCEEDING TAX YEAR. NET RENTS FOR THE YEAR ENDED DECEMBER 31, 2025, WERE 668,128 AND 905,000 WAS PAID TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION DURING 2025.
- THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION.
- THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(2) title-holding corporation.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(2) title-holding corporation as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.