Nonprofit · EIN 83-4301972
MICHAEL DIAMOND CHARITABLE FOUNDATION INC
Tax-exempt (reinstated) · LONG BEACH, NY 11561
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $176,757 | $138,910 | $37,847 | $142,507 | $0 | $142,507 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $176,757
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $54,080
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $1,116
- Program services (functional)
- $15,000
Balance sheet and other
- Total assets, start of year
- $104,660
- Total assets, end of year
- $142,507
- Total liabilities, end of year
- $0
- Net assets, end of year
- $142,507
- Net assets without donor restrictions
- $142,507
- Gross receipts
- $176,757
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2019
- State of legal domicile
- NY
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 |
|---|---|---|---|
| THOMAS NILAND | PRESIDENT Trustee or director, Officer | 5 | $0 |
| MICHAEL DIAMOND JR | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| NOEL HENCK | TREASURER Trustee or director, Officer | 5 | $0 |
| WALTER FOWLER | SECRETARY Trustee or director, Officer | 5 | $0 |
| MICHAEL COSTELLOE | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 602 W OLIVE ST, LONG BEACH, NY 11561-2916
- In care of
- % THOMAS NILAND
- Principal officer (990 for 2024)
- THOMAS NILAND, 130 Audrey Drive, LIDO BEACH, NY 11561
- Signed the 990
- Thomas Niland, President
- Phone
- (212) 556-2227
- Website
- michaeldiamondfoundation.com
Mission
The Foundation operates a golf tournament and dinner and raises funds to support charitable endeavors including specifically:1 creating and awarding high school scholarships for a local boy and and a local girl 2 creating and awarding scholarships for local hockey or other sports organizations for youths with financial need 3 raising funds for the Long Island Crisis Centers suicide prevention work and 4 supporting the work of veterans causes including the Veterans of Foreign Wars.
Program accomplishments
- Scholarship to student attending Chaminade High SchoolExpenses $7,500 · grants $7,500
- Scholarship to student attending Sacred Heart AcademyExpenses $7,500 · grants $7,500
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 | Check at the IRS |
IRS record
- EIN
- 83-4301972
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $142,507
- Income (IRS master file)
- $176,757
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
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 | $176,757 | $138,910 | $142,507 | 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 83-4301972).
Questions about MICHAEL DIAMOND CHARITABLE FOUNDATION INC
- What is the EIN of MICHAEL DIAMOND CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of MICHAEL DIAMOND CHARITABLE FOUNDATION INC is 83-4301972.
- Is MICHAEL DIAMOND CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to MICHAEL DIAMOND CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MICHAEL DIAMOND CHARITABLE 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 MICHAEL DIAMOND CHARITABLE 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 MICHAEL DIAMOND CHARITABLE 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 MICHAEL DIAMOND CHARITABLE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names THOMAS NILAND.
- Who are the officers and directors of MICHAEL DIAMOND CHARITABLE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MICHAEL DIAMOND CHARITABLE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $176,757, expenses of $138,910 and total assets of $142,507 at year end.
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All nonprofits in LONG BEACH · New York · Community improvement and capacity building