Nonprofit · EIN 13-3911396
LES PAUL FOUNDATION
Tax-exempt · SYOSSET, NY 11791
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,574,927 | $2,737,003 | -$162,076 | $42,289,748 | $575,657 | $41,714,091 |
| December 31, 2023 | 990-PF | $1,321,449 | $2,266,810 | -$945,361 | $40,720,533 | $290,922 | $40,429,611 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $983,882
- Net gain from sales of assets
- $1,583,886
- Other income
- $7,159
Expenses
- Grants and similar amounts paid
- $418,042
- Compensation of officers, directors and key employees
- $455,240
- Salaries, compensation and benefits (total)
- $102,209
- Disbursements for charitable purposes
- $2,274,495
- Excise tax on investment income
- $29,380
Balance sheet and other
- Total assets, start of year
- $40,720,533
- Total assets, end of year
- $42,289,748
- Total liabilities, end of year
- $575,657
- Net assets, end of year
- $41,714,091
- Fair market value of assets
- $42,289,748
- Qualifying distributions
- $2,274,495
- Net investment income
- $2,574,927
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 |
|---|---|---|---|
| MICHAEL K BRAUNSTEIN 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | EXECUTIVE DIRECTOR | 40 | $432,480 |
| KATHLEEN A MORO 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | OFFICE ADMIN Highest-paid employee | 40 | $53,760 |
| JEFF SALMON 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | TRUSTEE | 5 | $15,760 |
| ARLENE PALMER 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | TRUSTEE | 5 | $7,000 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL K BRAUNSTEIN 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | EXECUTIVE DIRECTOR | 40 | $415,080 |
| KATHLEEN A MORO 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | OFFICE ADMIN Highest-paid employee | 40 | $52,008 |
| JEFF SALMON 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | TRUSTEE | 5 | $20,640 |
| ARLENE PALMER 485 UNDERHILL BLVD SUITE 108, SYOSSET, NY 11791 | TRUSTEE | 5 | $12,000 |
Address and contacts
- Address (IRS master file)
- 485 UNDERHILL BLVD STE 108, SYOSSET, NY 11791-3434
- In care of
- % MICHAEL K BRAUNSTEIN
- Signed the 990-PF
- MICHAEL BRAUNSTEIN, EXECUTIVE DIRECTOR
- Phone
- (212) 687-2929
- Website
- LES-PAUL.COM
- Return prepared by
- LILLING & COMPANY LLP
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
- 13-3911396
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70J)
- Assets (IRS master file)
- $42,289,748
- Income (IRS master file)
- $11,618,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,574,927 | $2,737,003 | $42,289,748 | XML |
| 990-PF | December 2023 | $1,321,449 | $2,266,810 | $40,720,533 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 13-3911396).
Questions about LES PAUL FOUNDATION
- What is the EIN of LES PAUL FOUNDATION?
- The employer identification number (EIN) of LES PAUL FOUNDATION is 13-3911396.
- Is LES PAUL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to LES PAUL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LES PAUL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LES PAUL FOUNDATION 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 LES PAUL FOUNDATION 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 LES PAUL FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $432,480 (MICHAEL K BRAUNSTEIN, EXECUTIVE DIRECTOR).
- How much revenue does LES PAUL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,574,927, expenses of $2,737,003 and total assets of $42,289,748 at year end.
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