Nonprofit · EIN 67-3139737
BUSTANY FAMILY FOUNDATION INC
Tax-exempt · MORRISTOWN, NJ 07960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $154,093 | $183,719 | -$29,626 | $1,698,118 | $0 | $1,698,118 |
| December 31, 2023 | 990 | $145,823 | $94,000 | $51,823 | $1,594,248 | $0 | $1,594,248 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,000
- Program service revenue
- $0
- Investment income
- $54,093
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $166,200
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $166,200
- Management and general (functional)
- $17,519
Balance sheet and other
- Total assets, start of year
- $1,594,248
- Total assets, end of year
- $1,698,118
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,698,118
- Gross receipts
- $154,093
- Employees
- 0
- Year formed
- 2001
- State of legal domicile
- NJ
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR S TED BUSTANY | PRESIDENT Trustee or director | – | $0 |
| LAUFEY V BUSTANY | TREASURER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR S TED BUSTANY | PRESIDENT Trustee or director | – | $0 |
| LAUFEY V BUSTANY | TREASURER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 15 FOOTES LN, MORRISTOWN, NJ 07960-6304
- In care of
- % DR S TED BUSTANY
- Principal officer (990 for 2024)
- LAUFEY V BUSTANY, 15 FOOTES LANE, MORRISTOWN, NJ 07960
- Signed the 990
- DR S TED BUSTANY, PRESIDENT
- Phone
- (973) 652-3800
- Return prepared by
- BEACON TRUST
Mission
TO PROVIDE CONTRIBUTIONS TO GENERAL CHARITIES.
Program accomplishments
- TO PROVIDE CONTRIBUTIONS TO GENERAL CHARITIES.
- TO PROVIDE CONTRIBUTIONS TO GENERAL CHARITIES.Expenses $166,200 · grants $166,200
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 67-3139737
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $1,698,118
- Income (IRS master file)
- $154,093
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $154,093 | $183,719 | $1,698,118 | XML |
| 990 | December 2023 | $145,823 | $94,000 | $1,594,248 | XML |
| 990 | December 2022 | $773 | $64,183 | $1,345,532 | IRS |
| 990 | December 2021 | – | – | – | 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 67-3139737).
Questions about BUSTANY FAMILY FOUNDATION INC
- What is the EIN of BUSTANY FAMILY FOUNDATION INC?
- The employer identification number (EIN) of BUSTANY FAMILY FOUNDATION INC is 67-3139737.
- Is BUSTANY FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to BUSTANY FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSTANY FAMILY FOUNDATION INC 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 BUSTANY FAMILY 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 BUSTANY FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUSTANY FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names LAUFEY V BUSTANY.
- Who are the officers and directors of BUSTANY FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does BUSTANY FAMILY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $154,093, expenses of $183,719 and total assets of $1,698,118 at year end.
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