Nonprofit · EIN 23-7051152
MORELLO FOUNDATION
Tax-exempt · OCEAN CITY, NJ 08226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $60,153 | $21,220 | $38,933 | $365,822 | $1 | $365,821 |
| December 31, 2024 | 990-PF | $20,616 | $19,899 | $717 | $326,890 | $2 | $326,888 |
| December 31, 2023 | 990-PF | $21,666 | $21,371 | $295 | $326,171 | $0 | $326,171 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,580
- Interest
- $1
- Net gain from sales of assets
- $50,572
Expenses
- Grants and similar amounts paid
- $17,000
- Disbursements for charitable purposes
- $17,000
- Excise tax on investment income
- $836
Balance sheet and other
- Total assets, start of year
- $326,890
- Total assets, end of year
- $365,822
- Total liabilities, end of year
- $1
- Net assets, end of year
- $365,821
- Fair market value of assets
- $437,664
- Qualifying distributions
- $17,000
- Net investment income
- $60,153
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 A MORELLO 180 BAY ROAD, OCEAN CITY, NJ 08226 | Trustee | 1 | $0 |
| MATTHEW MORELLO 180 BAY ROAD, OCEAN CITY, NJ 08226 | Trustee | 1 | $0 |
| JENNIFER MORELLO FISS 1631 WHISPERING WOODS WAY, VINELAND, NJ 08361 | Trustee | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL A MORELLO 180 BAY ROAD, OCEAN CITY, NJ 08226 | Trustee | 1 | $0 |
| MATTHEW MORELLO 180 BAY ROAD, OCEAN CITY, NJ 08226 | Trustee | 1 | $0 |
| JENNIFER MORELLO FISS 1631 WHISPERING WOODS WAY, VINELAND, NJ 08361 | Trustee | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL A MORELLO 180 BAY ROAD, OCEAN CITY, NJ 08226 | Trustee | 1 | $0 |
| MATTHEW MORELLO 180 BAY ROAD, OCEAN CITY, NJ 08226 | Trustee | 1 | $0 |
| JENNIFER MORELLO FISS 1631 WHISPERING WOODS WAY, VINELAND, NJ 08361 | Trustee | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 180 BAY RD, OCEAN CITY, NJ 08226-4442
- Signed the 990-PF
- MICHAEL A MORELLO, Trustee
- Phone
- (609) 947-1202
- Return prepared by
- Ford Scott & 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
- 23-7051152
- 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
- 1970
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $365,822
- Income (IRS master file)
- $88,524
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $60,153 | $21,220 | $365,822 | XML |
| 990-PF | December 2024 | $20,616 | $19,899 | $326,890 | XML |
| 990-PF | December 2023 | $21,666 | $21,371 | $326,171 | 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 23-7051152).
Questions about MORELLO FOUNDATION
- What is the EIN of MORELLO FOUNDATION?
- The employer identification number (EIN) of MORELLO FOUNDATION is 23-7051152.
- Is MORELLO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to MORELLO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MORELLO FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MORELLO 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 MORELLO 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 MORELLO FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MORELLO FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $60,153, expenses of $21,220 and total assets of $365,822 at year end.
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