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Nonprofit · EIN 51-0355109

PADUA ACADEMY FOUNDATION

Tax-exempt · WILMINGTON, DE 19805

Financials

$67K$125K2023$172K$236K2024$300K$139K2025
Revenue Expenses · by fiscal year end
Financials of PADUA ACADEMY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$300,469$139,363$161,106$1,694,462$0$1,694,462
December 31, 2024990$172,077$236,143-$64,066$1,533,356$0$1,533,356
December 31, 2023990$66,810$125,090-$58,280$1,597,422$0$1,597,422
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$127,289
Program service revenue
$0
Investment income
$173,180
Net gain from sales of assets
$100,762
Tax-exempt bond proceeds
$393
Other revenue
$0

Expenses

Grants and similar amounts paid
$113,627
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,050
Program services (functional)
$139,363

Balance sheet and other

Total assets, start of year
$1,533,356
Total assets, end of year
$1,694,462
Total liabilities, end of year
$0
Net assets, end of year
$1,694,462
Gross receipts
$774,134
Employees
0
Volunteers
0
Year formed
2009
State of legal domicile
DE

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 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ALFRED GUARALDODIRECTOR
Trustee or director, Officer
2$0
FATHER MARK WRIGHTSONPRESIDENT
Officer
2$0
ANTHONY ALBENCEMEMBER
Officer
2$0
ANTHONY FRABIZZIOMEMBER
Officer
2$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
ALFRED GUARALDODIRECTOR
Trustee or director, Officer
2$0
FATHER MARK WRIGHTSONPRESIDENT
Officer
2$0
ANTHONY ALBENCEMEMBER
Officer
2$0
ANTHONY FRABIZZIOMEMBER
Officer
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ALFRED GUARALDODIRECTOR
Trustee or director, Officer
2$0
FATHER MARK WRIGHTSONPRESIDENT
Officer
2$0
ANTHONY ALBENCEMEMBER
Officer
2$0
ANTHONY FRABIZZIOMEMBER
Officer
2$0

Address and contacts

Address (IRS master file)
901 N DUPONT ST, WILMINGTON, DE 19805-5310
Principal officer (990 for 2025)
FATHER VINCENT KUMAR, 901 N DUPONT STREET, WILMINGTON, DE 19805
Signed the 990
FATHER VINCENT KUMAR, PRESIDENT
Phone
(302) 421-3739
Return prepared by
O'FRIA & ASSOCIATES PC

Mission

THE FOUNDATION RAISES FUNDS AND MANAGES INVESTMENTS FOR THE BENEFIT OF PADUA ACADEMY FOR SUPPORT OF ITS EDUCATION NEEDS AND FINANCIAL ASSISTANCE.

990 for the year ended December 31, 2025

Program accomplishments

  • REVENUE IS EARNED THROUGH INVESTMENT INCOME. EXPENSES ARE RELATED TO INVESTMENT FEES.
    Expenses $139,363 · grants $113,627 · revenue $127,289

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0355109
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82P)
Assets (IRS master file)
$1,694,462
Income (IRS master file)
$774,134

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$300,469$139,363$1,694,462XML
990December 2024$172,077$236,143$1,533,356XML
990December 2023$66,810$125,090$1,597,422XML
990December 2022$111,059$141,645$1,655,702IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 51-0355109).

Questions about PADUA ACADEMY FOUNDATION

What is the EIN of PADUA ACADEMY FOUNDATION?
The employer identification number (EIN) of PADUA ACADEMY FOUNDATION is 51-0355109.
Is PADUA ACADEMY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to PADUA ACADEMY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PADUA ACADEMY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PADUA ACADEMY 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 PADUA ACADEMY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of PADUA ACADEMY FOUNDATION?
The 990 for the year ended December 31, 2025 names FATHER VINCENT KUMAR.
Who are the officers and directors of PADUA ACADEMY FOUNDATION?
The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does PADUA ACADEMY FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $300,469, expenses of $139,363 and total assets of $1,694,462 at year end.

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