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Nonprofit · EIN 46-3230605

FRANCESCO AND MARY GIAMBELLI FOUNDATION INC

Tax-exempt · WILMINGTON, DE 19809

Financials

$424K$2.4M2023$1.3M$2.5M2024
Revenue Expenses · by fiscal year end
Financials of FRANCESCO AND MARY GIAMBELLI FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,335,812$2,484,685-$1,148,873$26,413,250$0$26,413,250
December 31, 2023990-PF$423,658$2,412,577-$1,988,919$27,563,815$0$27,563,815
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$801,926
Interest
$23,545
Net gain from sales of assets
$478,959
Other income
$31,382

Expenses

Grants and similar amounts paid
$1,769,183
Compensation of officers, directors and key employees
$75,000
Disbursements for charitable purposes
$2,073,871
Excise tax on investment income
$13,294

Balance sheet and other

Total assets, start of year
$27,563,815
Total assets, end of year
$26,413,250
Total liabilities, end of year
$0
Net assets, end of year
$26,413,250
Fair market value of assets
$39,075,982
Qualifying distributions
$2,073,871
Net investment income
$1,367,168

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.

NameTitleHours / weekCompensation
ANGELO VIVOLO
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres5$25,000
JUSTINE DEVITO TENNEY
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas6$25,000
JAMI DEVELLIS
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Sec3$25,000
CLAUDIO DEVELLIS
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, VP1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ANGELO VIVOLO
140 EAST 74 STREET 4G, NEW YORK, NY 10021
DIRECTOR / PRESIDENT5$50,000
JUSTINE DEVITO TENNEY
5809 NICHOLSON LANE 809, ROCKVILLE, MD 20852
DIRECTOR / TREASURER6$50,000
JAMI DEVELLIS
22 APPLEGREEN DRIVE, OLD WESTBURY, NY 11568
DIRECTOR1$50,000
CLAUDIO DEVELLIS
22 APPLEGREEN DRIVE, OLD WESTBURY, NY 11568
DIRECTOR / SECRETARY1$0

Address and contacts

Address (IRS master file)
FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Justine Tenney, Treasurer
Phone
(800) 839-1754
Return prepared by
Foundation Source

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
46-3230605
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
2014
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$26,413,250
Income (IRS master file)
$7,672,845

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,335,812$2,484,685$26,413,250IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$423,658$2,412,577$27,563,815XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 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 46-3230605).

Questions about FRANCESCO AND MARY GIAMBELLI FOUNDATION INC

What is the EIN of FRANCESCO AND MARY GIAMBELLI FOUNDATION INC?
The employer identification number (EIN) of FRANCESCO AND MARY GIAMBELLI FOUNDATION INC is 46-3230605.
Is FRANCESCO AND MARY GIAMBELLI FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to FRANCESCO AND MARY GIAMBELLI FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FRANCESCO AND MARY GIAMBELLI FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of FRANCESCO AND MARY GIAMBELLI 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 FRANCESCO AND MARY GIAMBELLI 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 FRANCESCO AND MARY GIAMBELLI FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $25,000 (ANGELO VIVOLO, Dir, Pres).
How much revenue does FRANCESCO AND MARY GIAMBELLI FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,335,812, expenses of $2,484,685 and total assets of $26,413,250 at year end.

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