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Nonprofit · EIN 77-0607990

QUEALLY FOUNDATION INC

Tax-exempt · PALM BEACH, FL 33480

Financials

$8.5M$3.7M2023$2.5M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of QUEALLY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,518,654$1,634,966$883,688$31,150,689$0$31,150,689
December 31, 2023990-PF$8,500,910$3,742,306$4,758,604$30,296,361$0$30,296,361
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$736,025
Dividends
$457,404
Net gain from sales of assets
$459,026
Other income
$866,199

Expenses

Grants and similar amounts paid
$1,092,441
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$1,165,680
Excise tax on investment income
$21,064

Balance sheet and other

Total assets, start of year
$30,296,361
Total assets, end of year
$31,150,689
Total liabilities, end of year
$0
Net assets, end of year
$31,150,689
Fair market value of assets
$35,857,223
Qualifying distributions
$1,165,680
Net investment income
$1,647,704

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
ANNE-MARIE QUEALLY
326 SEABREEZE AVE, PALM BEACH, FL 33480
VICE PRESIDENT/ DIRECTOR1$0
PAUL B QUEALLY
326 SEABREEZE AVE, PALM BEACH, FL 33480
PRESIDENT/ DIRECTOR/ SECRE1$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
ANNE-MARIE QUEALLY
326 SEABREEZE AVE, PALM BEACH, FL 33480
VICE PRESIDENT/ DIRECTOR1$0
PAUL B QUEALLY
326 SEABREEZE AVE, PALM BEACH, FL 33480
PRESIDENT/ DIRECTOR/ SECRE1$0

Address and contacts

Address (IRS master file)
326 SEABREEZE AVE, PALM BEACH, FL 33480-6131
In care of
% FOUNDATION SOURCE
Signed the 990-PF
PAUL QUEALLY, PRESIDENT
Phone
(203) 858-1382
Return prepared by
ECHELON ADVISORS 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 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
77-0607990
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
2005
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$31,150,689
Income (IRS master file)
$8,791,794

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,518,654$1,634,966$31,150,689IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$8,500,910$3,742,306$30,296,361XML
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-PFDecember 2017–––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 77-0607990).

Questions about QUEALLY FOUNDATION INC

What is the EIN of QUEALLY FOUNDATION INC?
The employer identification number (EIN) of QUEALLY FOUNDATION INC is 77-0607990.
Is QUEALLY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to QUEALLY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does QUEALLY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of QUEALLY 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 QUEALLY 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 QUEALLY FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does QUEALLY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,518,654, expenses of $1,634,966 and total assets of $31,150,689 at year end.

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