Nonprofit · EIN 02-0548845
THE PALERMO FOUNDATION INC
Tax-exempt · GARDEN CITY, NY 11530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $1,547 | $19,138 | -$17,591 | $263,073 | $155,002 | $108,071 |
| December 31, 2023 | 990-EZ | $20,123 | $11,379 | $8,744 | $168,010 | $42,348 | $125,662 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $194
- Investment income
- $1,353
Expenses
- Grants and similar amounts paid
- $1,940
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $17,198
Balance sheet and other
- Total assets, start of year
- $168,010
- Total assets, end of year
- $263,073
- Total liabilities, end of year
- $155,002
- Net assets, end of year
- $108,071
- Cash, savings and investments
- $261,812
- Gross receipts
- $1,547
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIANPIERO PALERMO MD | PRESIDENT | 10 | $0 |
| ANNA BOUTZALIS CPA | TREASURER | 0 | $0 |
| ROCCO IACOVIELLO ESQ | SECRETARY | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GIANPIERO PALERMO MD | PRESIDENT | 10 | $0 |
| ANNA BOUTZALIS CPA | TREASURER | 0 | $0 |
| ROCCO IACOVIELLO ESQ | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- CO BOUTZALIS 377 OAK STREET 407, GARDEN CITY, NY 11530-0000
- In care of
- % GIANPIERO PALEMO MD PHD
- Mailing address (990-N for 2011)
- 600 OLD COUNTRY ROAD, GARDEN CITY NY 11530
- Principal officer (990-N for 2011)
- GIANPIERO D PALERMO, 308 EAST 72ND ST APT 21C, NEW YORK NY 100214776
- Signed the 990-EZ
- GIANPIERO D PALERMO, DIRECTOR
- Phone
- (516) 338-5099
- Website
- WWW.PALERMOFOUNDATION.ORG
- Return prepared by
- A M BOUTZALIS CPA PC
Mission
PROVIDE FUNDING FOR FERTILITY RESEARCH
Program accomplishments
- FINDING NEW TECHNOLOGIES FOR FERTILITY TREATMENTS AND INCREASING AVAILABILITY AND AWARENESS FOR BOTH THE MEDICAL COMMUNITY AND THE GENERAL PUBLIC.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 02-0548845
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Voluntary health associations and medical disciplines (G054)
- Assets (IRS master file)
- $263,073
- Income (IRS master file)
- $1,547
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $1,547 | $19,138 | $263,073 | XML |
| 990-EZ | December 2023 | $20,123 | $11,379 | $168,010 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: GIANPIERO D PALERMO | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 02-0548845).
Questions about THE PALERMO FOUNDATION INC
- What is the EIN of THE PALERMO FOUNDATION INC?
- The employer identification number (EIN) of THE PALERMO FOUNDATION INC is 02-0548845.
- Is THE PALERMO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to THE PALERMO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PALERMO FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE PALERMO FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE PALERMO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of THE PALERMO FOUNDATION INC?
- The 990-N for 2011 names GIANPIERO D PALERMO.
- Who are the officers and directors of THE PALERMO FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE PALERMO FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $1,547, expenses of $19,138 and total assets of $263,073 at year end.
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All nonprofits in GARDEN CITY · New York · Voluntary health associations and medical disciplines