Nonprofit · EIN 01-0656784
GIARLA AND MICHELSON CHARITABLE FOUNDATION
Tax-exempt · CHAPEL HILL, NC 27517
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $45,241 | $72,751 | -$27,510 | $1,008,421 | $0 | $1,008,421 |
| December 31, 2024 | 990-PF | $23,643 | $70,491 | -$46,848 | $1,035,931 | $0 | $1,035,931 |
| December 31, 2023 | 990-PF | $22,488 | $73,923 | -$51,435 | $1,107,077 | $0 | $1,107,077 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $32,559
- Interest
- $5
- Net gain from sales of assets
- $12,677
Expenses
- Grants and similar amounts paid
- $64,325
- Disbursements for charitable purposes
- $72,751
- Excise tax on investment income
- $527
Balance sheet and other
- Total assets, start of year
- $1,035,931
- Total assets, end of year
- $1,008,421
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,008,421
- Fair market value of assets
- $1,068,752
- Qualifying distributions
- $72,751
- Net investment income
- $45,241
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL J GIARLA 4324 TRENTON RD, CHAPEL HILL, NC 27517 | PRESIDENT | 1 | $0 |
| ELLEN H MICHELSON 4324 TRENTON RD, CHAPEL HILL, NC 27517 | VP/SECRETARY | 1 | $0 |
| ANNETTE GIARLA-CARR 8001 MAREMONT CT, CHARLOTTE, NC 28270 | VP | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL J GIARLA 4324 TRENTON RD, CHAPEL HILL, NC 27517 | PRESIDENT | 1 | $0 |
| ELLEN H MICHELSON 4324 TRENTON RD, CHAPEL HILL, NC 27517 | VP/SECRETARY | 1 | $0 |
| ANNETTE GIARLA-CARR 813 LEIGH AVE, CHARLOTTE, NC 28208 | VP | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL J GIARLA 4324 TRENTON RD, CHAPEL HILL, NC 27517 | PRESIDENT | 1 | $0 |
| ELLEN H MICHELSON 4324 TRENTON RD, CHAPEL HILL, NC 27517 | VP/SECRETARY | 1 | $0 |
| ANNETTE GIARLA-CARR 813 LEIGH AVE, CHARLOTTE, NC 28208 | VP | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4324 TRENTON RD, CHAPEL HILL, NC 27517-7833
- In care of
- % MIKE GIARLA
- Signed the 990-PF
- MICHAEL J GIARLA, PRESIDENT
- Phone
- (919) 270-9458
- Return prepared by
- FANKHAUSER TAX ASSOCIATES LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 01-0656784
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $1,008,421
- Income (IRS master file)
- $557,480
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $45,241 | $72,751 | $1,008,421 | XML |
| 990-PF | December 2024 | $23,643 | $70,491 | $1,035,931 | XML |
| 990-PF | December 2023 | $22,488 | $73,923 | $1,107,077 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 01-0656784).
Questions about GIARLA AND MICHELSON CHARITABLE FOUNDATION
- What is the EIN of GIARLA AND MICHELSON CHARITABLE FOUNDATION?
- The employer identification number (EIN) of GIARLA AND MICHELSON CHARITABLE FOUNDATION is 01-0656784.
- Is GIARLA AND MICHELSON CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to GIARLA AND MICHELSON CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GIARLA AND MICHELSON CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GIARLA AND MICHELSON CHARITABLE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIARLA AND MICHELSON CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of GIARLA AND MICHELSON CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GIARLA AND MICHELSON CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $45,241, expenses of $72,751 and total assets of $1,008,421 at year end.
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