Nonprofit · EIN 87-4487300
FARRELL BOY FOUNDATION INC
Tax-exempt · MANHASSET, NY 11030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $146,743 | $119,656 | $27,087 | $736,024 | $2,140 | $733,884 |
| December 31, 2024 | 990 | $157,964 | $66,816 | $91,148 | $708,799 | $2,000 | $706,799 |
| December 31, 2023 | 990 | $273,117 | $149,649 | $123,468 | $617,650 | $1,999 | $615,651 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $121,311
- Program service revenue
- $0
- Investment income
- $25,432
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $84,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,240
- Program services (functional)
- $84,000
- Management and general (functional)
- $11,232
- Fundraising (functional)
- $24,424
Balance sheet and other
- Total assets, start of year
- $708,799
- Total assets, end of year
- $736,024
- Total liabilities, end of year
- $2,140
- Net assets, end of year
- $733,884
- Net assets without donor restrictions
- $733,884
- Gross receipts
- $296,634
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2022
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES FARRELL | BOARD MEMBER Trustee or director | 1 | $0 |
| ELENE FARRELL | BOARD MEMBER Trustee or director | 20 | $0 |
| DOMINIC SORRESSO | BOARD MEMBER Trustee or director | 25 | $0 |
| DAN BARRY | BOARD MEMBER Trustee or director | 5 | $0 |
| TIMOTHY FARRELL | BOARD MEMBER Trustee or director | 2 | $0 |
| STEPHEN FARRELL | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN KEATING | BOARD MEMBER Trustee or director | 3 | $0 |
| MARCELLA CREWE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN MASTANDO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES FARRELL | BOARD MEMBER Trustee or director | 1 | $0 |
| ELENE FARRELL | BOARD MEMBER Trustee or director | 20 | $0 |
| DOMINIC SORRESSO | BOARD MEMBER Trustee or director | 25 | $0 |
| DAN BARRY | BOARD MEMBER Trustee or director | 5 | $0 |
| TIMOTHY FARRELL | BOARD MEMBER Trustee or director | 2 | $0 |
| STEPHEN FARRELL | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN KEATING | BOARD MEMBER Trustee or director | 3 | $0 |
| MARCELLA CREWE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN MASTANDO | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES FARRELL | BOARD MEMBER Trustee or director | 1 | $0 |
| ELENE FARRELL | BOARD MEMBER Trustee or director | 20 | $0 |
| DOMINIC SORRESSO | BOARD MEMBER Trustee or director | 25 | $0 |
| DAN BARRY | BOARD MEMBER Trustee or director | 5 | $0 |
| TIMOTHY FARRELL | BOARD MEMBER Trustee or director | 2 | $0 |
| STEPHEN FARRELL | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN KEATING | BOARD MEMBER Trustee or director | 3 | $0 |
| MARCELLA CREWE | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN MASTANDO | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 95 THE WATERWAY, MANHASSET, NY 11030-1331
- In care of
- % JAMES P FARRELL
- Principal officer (990 for 2025)
- JAMES FARRELL, 95 THE WATERWAY, MANHASSET, NY 11030
- Signed the 990
- DOMINIC SORRESSO, BOARD MEMBER
- Phone
- (203) 256-0672
- Website
- HTTPS://FARRELLBOY.ORG
- Return prepared by
- CULLEN & DANOWSKI LLP
Mission
THE MISSION OF THE FARRELL BOY FOUNDATION IS TO PROVIDE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO MAKE SCHOLARSHIP GRANTS, AND TO PROVIDE FUNDS FOR EDUCATIONAL ENDEAVORS.
Program accomplishments
- THE MISSION OF THE FARRELL BOY FOUNDATION IS TO PROVIDE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO MAKE SCHOLARSHIP GRANTS, AND TO PROVIDE FUNDS FOR EDUCATIONAL ENDEAVORS.Expenses $84,000 · grants $84,000
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 | 990 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
- 87-4487300
- 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)
- Education (B82)
- Assets (IRS master file)
- $736,024
- Income (IRS master file)
- $296,634
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $146,743 | $119,656 | $736,024 | XML |
| 990 | December 2024 | $157,964 | $66,816 | $708,799 | IRS |
| 990 | December 2023 | $273,117 | $149,649 | $617,650 | XML |
| 990 | December 2022 | $496,902 | $4,719 | $492,983 | 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 87-4487300).
Questions about FARRELL BOY FOUNDATION INC
- What is the EIN of FARRELL BOY FOUNDATION INC?
- The employer identification number (EIN) of FARRELL BOY FOUNDATION INC is 87-4487300.
- Is FARRELL BOY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FARRELL BOY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FARRELL BOY 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 FARRELL BOY FOUNDATION INC 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 FARRELL BOY FOUNDATION INC 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 FARRELL BOY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names JAMES FARRELL.
- Who are the officers and directors of FARRELL BOY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FARRELL BOY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $146,743, expenses of $119,656 and total assets of $736,024 at year end.
Other nonprofits in MANHASSET
- KANAK & PRABHA GOLIA FOUNDATION EIN 20-8427663 · last filed 990-PF for 2025
- ADVENTURES IN LEARNING INC EIN 30-0032941 · last filed 990 for 2025
- THE MANHASSET SCHOOL COMMUNITY ASSOCIATION INC EIN 11-2615673 · last filed 990 for 2025
- PROFESSIONAL LEARNING US EIN 88-1514436 · last filed 990 for 2024
- ITALIAN LANGUAGE FOUNDATION INC EIN 26-2926576 · last filed 990-EZ for 2024
- MANHASSET ASSOCIATION OF CHINESE AMERICANS INC EIN 83-1871805 · last filed 990-PF for 2025
- ORSA-ROMANO CULTURAL AND EDUCATIONAL FOUNDATION INC EIN 31-1777685 · last filed 990-PF for 2025
- MANHASSET STUDENT AID ASSOCIATION INC EIN 11-6048468 · last filed 990 for 2025