Nonprofit · EIN 83-1680823
PETER FRATES FAMILY FOUNDATION INC
Tax-exempt (reinstated) · BEVERLY, MA 01915
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $636,826 | $529,045 | $107,781 | $533,613 | $51,000 | $482,613 |
| December 31, 2023 | 990 | $176,716 | $298,743 | -$122,027 | $83,580 | $0 | $83,580 |
| December 31, 2021 | 990 | $249,911 | $188,914 | $60,997 | $331,836 | $0 | $331,836 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $297,523
- Program service revenue
- $0
- Investment income
- $42,265
- Net income from fundraising events
- $297,038
- Other revenue
- $297,038
Expenses
- Grants and similar amounts paid
- $380,369
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $75,000
- Salaries, compensation and benefits (total)
- $80,798
- Professional fundraising fees
- $0
- Legal fees
- $3,662
- Accounting fees
- $4,300
- Travel
- $870
- Program services (functional)
- $380,369
- Management and general (functional)
- $148,676
Balance sheet and other
- Total assets, start of year
- $83,580
- Total assets, end of year
- $533,613
- Total liabilities, end of year
- $51,000
- Net assets, end of year
- $482,613
- Net assets without donor restrictions
- $482,613
- Gross receipts
- $790,002
- Employees
- 0
- Year formed
- 2018
- State of legal domicile
- MA
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 |
|---|---|---|---|
| JOHN P FRATES | Director Trustee or director | 0 | $0 |
| JUDITH CRONIN | Director Trustee or director | 0 | $0 |
| JEAN PADDOLL | Director Trustee or director | 0 | $0 |
| PHILIP HOLDEN | Director Trustee or director | 0 | $0 |
| THOMAS LAMB | Director Trustee or director | 0 | $0 |
| JOHN P FRATES | President Officer | 0 | $0 |
| JEAN PADDOL | CLERK Officer | 0 | $0 |
| JUDITH CRONIN | Treasurer Officer | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN P FRATES | Director Trustee or director | 0 | $0 |
| JUDITH CRONIN | Director Trustee or director | 0 | $0 |
| JEAN PADDOLL | Director Trustee or director | 0 | $0 |
| PHILIP HOLDEN | Director Trustee or director | 0 | $0 |
| THOMAS LAMB | Director Trustee or director | 0 | $0 |
| JOHN P FRATES | President Officer | 0 | $0 |
| JEAN PADDOL | CLERK Officer | 0 | $0 |
| JUDITH CRONIN | Treasurer Officer | 0 | $0 |
990 for the year ended December 31, 2021: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN P FRATES | Director Trustee or director | 0 | $0 |
| JUDITH CRONIN | Director Trustee or director | 0 | $0 |
| JEAN PADDOLL | Director Trustee or director | 0 | $0 |
| PHILIP HOLDEN | Director Trustee or director | 0 | $0 |
| THOMAS LAMB | Director Trustee or director | 0 | $0 |
| JOHN P FRATES | President Officer | 0 | $0 |
| JEAN PADDOL | CLERK Officer | 0 | $0 |
| JUDITH CRONIN | Treasurer Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 37 SCHOOL ST UNIT 1, BEVERLY, MA 01915-4832
- Signed the 990
- JOHN P FRATES, President
- Phone
- (978) 407-5372
- Return prepared by
- FARRAR GATES & GREEN LLC
Mission
TO PROVIDE SUPPORT TO INDIVIDUALS WITH AN ALS DIAGNOSIS AND TO SUPPORT SELF- IDENTIFIED NEEDS OF PATIENTS, FAMILIES AND CAREGIVERS IN THEIR PURSUIT OF FULLER RICHER AND MORE MEANINGFUL LIVES IN ORDER TO KEEP THEIR DISABLED/TERMINALLY ILL PATIENT AT HOME.
Program accomplishments
- ASSISTING PROGRESSED ALS PATIENTS AND THEIR FAMILIES WITH THE COST OF HOME HEALTH CARE.Expenses $380,369
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
- 83-1680823
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E12)
- Assets (IRS master file)
- $533,613
- Income (IRS master file)
- $790,002
Revocation and reinstatement
- Exemption revoked
- May 15, 2021
- Posted by the IRS
- August 9, 2021
- Reinstated
- Effective May 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $636,826 | $529,045 | $533,613 | XML |
| 990 | December 2023 | $176,716 | $298,743 | $83,580 | XML |
| 990 | December 2022 | $200,372 | $326,601 | $205,607 | IRS |
| 990 | December 2021 | $249,911 | $188,914 | $331,836 | XML |
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 83-1680823).
Questions about PETER FRATES FAMILY FOUNDATION INC
- What is the EIN of PETER FRATES FAMILY FOUNDATION INC?
- The employer identification number (EIN) of PETER FRATES FAMILY FOUNDATION INC is 83-1680823.
- Is PETER FRATES FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
- Are donations to PETER FRATES FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PETER FRATES 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 PETER FRATES 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 PETER FRATES 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 are the officers and directors of PETER FRATES FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does PETER FRATES FAMILY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $636,826, expenses of $529,045 and total assets of $533,613 at year end.
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