Nonprofit · EIN 47-1576948
CAROLE DESOTO FOUNDATION
Tax-exempt · LEMOYNE, PA 17043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $53,031 | $130,419 | -$77,388 | $308,924 | $0 | $308,924 |
| December 31, 2023 | 990-PF | $660,821 | $636,700 | $24,121 | $387,312 | $1,000 | $386,312 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $50,000
- Interest
- $3,031
Expenses
- Grants and similar amounts paid
- $120,233
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $121,325
- Excise tax on investment income
- $27
Balance sheet and other
- Total assets, start of year
- $387,312
- Total assets, end of year
- $308,924
- Total liabilities, end of year
- $0
- Net assets, end of year
- $308,924
- Fair market value of assets
- $308,924
- Qualifying distributions
- $121,325
- Net investment income
- $3,031
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 |
|---|---|---|---|
| CAROLE DESOTO 525 BRIDGEVIEW DRIVE BOX 87, LEMOYNE, PA 17043 | PRESIDENT AND DIRECTOR | 0.1 | $0 |
| MATTHEW G DESOTO PO BOX 10, MILLERSBURG, PA 17061 | VICE PRESIDENT AND DIRECTOR | 0.1 | $0 |
| MICHAEL J DESOTO 4910 W IRON SPRINGS ROAD, PRESCOTT, AZ 86305 | TREASURER AND DIRECTOR | 0.1 | $0 |
| RANDALL N DESOTO PO BOX 10, MILLERSBURG, PA 17061 | SECRETARY AND DIRECTOR | 0.1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLE DESOTO 525 BRIDGEVIEW DRIVE BOX 87, LEMOYNE, PA 17043 | PRESIDENT AND DIRECTOR | 0.1 | $0 |
| MATTHEW G DESOTO PO BOX 10, MILLERSBURG, PA 17061 | VICE PRESIDENT AND DIRECTOR | 0.1 | $0 |
| MICHAEL J DESOTO 4910 W IRON SPRINGS ROAD, PRESCOTT, AZ 86305 | TREASURER AND DIRECTOR | 0.1 | $0 |
| RANDALL N DESOTO PO BOX 10, MILLERSBURG, PA 17061 | SECRETARY AND DIRECTOR | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 525 BRIDGEVIEW DRIVE BOX 87, LEMOYNE, PA 17043-1380
- Signed the 990-PF
- CAROLE DESOTO, PRESIDENT
- Phone
- (610) 458-3121
- Return prepared by
- RKL 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
- 47-1576948
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $308,924
- Income (IRS master file)
- $53,031
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $53,031 | $130,419 | $308,924 | IRS |
| 990-PF | December 2023 | $660,821 | $636,700 | $387,312 | 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 47-1576948).
Questions about CAROLE DESOTO FOUNDATION
- What is the EIN of CAROLE DESOTO FOUNDATION?
- The employer identification number (EIN) of CAROLE DESOTO FOUNDATION is 47-1576948.
- Is CAROLE DESOTO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to CAROLE DESOTO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CAROLE DESOTO FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CAROLE DESOTO 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 CAROLE DESOTO 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 CAROLE DESOTO FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CAROLE DESOTO FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $53,031, expenses of $130,419 and total assets of $308,924 at year end.
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