Nonprofit · EIN 06-1507500
J M S FOUNDATION INC
Tax-exempt · MASSAPEQUA, NY 11758
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $275,931 | $221,759 | $54,172 | $2,986,676 | $8,192 | $2,978,484 |
| December 31, 2023 | 990-PF | $277,490 | $212,810 | $64,680 | $2,932,665 | $8,353 | $2,924,312 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $33,978
- Net gain from sales of assets
- $241,953
Expenses
- Grants and similar amounts paid
- $122,221
- Compensation of officers, directors and key employees
- $75,000
- Disbursements for charitable purposes
- $168,106
- Excise tax on investment income
- $559
Balance sheet and other
- Total assets, start of year
- $2,932,665
- Total assets, end of year
- $2,986,676
- Total liabilities, end of year
- $8,192
- Net assets, end of year
- $2,978,484
- Fair market value of assets
- $2,986,676
- Qualifying distributions
- $168,106
- Net investment income
- $64,327
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD PELOSI 134 HUNTER RIDGE ROAD NORTH, MASSAPEQUA, NY 11758 | PRESIDENT | 40 | $75,000 |
| WALTER COOK 134 HUNTER RIDGE ROAD NORTH, MASSAPEQUA, NY 11758 | TREAS/SEC | 5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD PELOSI 134 HUNTER RIDGE ROAD NORTH, MASSAPEQUA, NY 11758 | PRESIDENT | 40 | $75,000 |
| WALTER COOK 134 HUNTER RIDGE ROAD NORTH, MASSAPEQUA, NY 11758 | TREAS/SEC | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 134 HUNTER RIDGE RD N, MASSAPEQUA, NY 11758-2707
- In care of
- % BROTHER ROBERT SMITH
- Signed the 990-PF
- RICHARD PELOSI, PRESIDENT
- Phone
- (516) 795-2631
- Return prepared by
- Baglivi & Cook
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 | Not 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
- 06-1507500
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X99Z)
- Assets (IRS master file)
- $2,986,676
- Income (IRS master file)
- $275,931
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $275,931 | $221,759 | $2,986,676 | XML |
| 990-PF | December 2023 | $277,490 | $212,810 | $2,932,665 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 06-1507500).
Questions about J M S FOUNDATION INC
- What is the EIN of J M S FOUNDATION INC?
- The employer identification number (EIN) of J M S FOUNDATION INC is 06-1507500.
- Is J M S FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to J M S FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does J M S FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of J M S 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 J M S FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of J M S FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $75,000 (RICHARD PELOSI, PRESIDENT).
- How much revenue does J M S FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $275,931, expenses of $221,759 and total assets of $2,986,676 at year end.
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