Nonprofit · EIN 93-1516359
AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION
Tax-exempt · PALM BEACH, FL 33480
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $10,760,567 | $1,081,970 | $9,678,597 | $30,600,783 | $920,806 | $29,679,977 |
| December 31, 2024 | 990-PF | $10,523,255 | $535,967 | $9,987,288 | $20,143,880 | $142,500 | $20,001,380 |
| December 31, 2023 | 990-PF | $10,014,092 | $0 | $10,014,092 | $10,014,092 | $0 | $10,014,092 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,000,000
- Dividends
- $756,815
- Interest
- $396
- Net gain from sales of assets
- $3,356
Expenses
- Grants and similar amounts paid
- $924,156
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $924,156
- Excise tax on investment income
- $10,555
Balance sheet and other
- Total assets, start of year
- $20,143,880
- Total assets, end of year
- $30,600,783
- Total liabilities, end of year
- $920,806
- Net assets, end of year
- $29,679,977
- Fair market value of assets
- $30,616,619
- Qualifying distributions
- $924,156
- Net investment income
- $760,567
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RAKOLTA JR 537 ISLAND DRIVE, PALM BEACH, FL 334804746 | TRUSTEE | 5 | $0 |
| TERRY L RAKOLTA 537 ISLAND DRIVE, PALM BEACH, FL 334804746 | TRUSTEE | 5 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RAKOLTA JR 537 ISLAND DRIVE, PALM BEACH, FL 334804746 | TRUSTEE | 5 | $0 |
| TERRY L RAKOLTA 537 ISLAND DRIVE, PALM BEACH, FL 334804746 | TRUSTEE | 5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RAKOLTA JR 537 ISLAND DRIVE, PALM BEACH, FL 334804746 | TRUSTEE | 5 | $0 |
| TERRY L RAKOLTA 537 ISLAND DRIVE, PALM BEACH, FL 334804746 | TRUSTEE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 537 ISLAND DR, PALM BEACH, FL 33480-4746
- In care of
- % JOHN RAKOLTA JR
- Signed the 990-PF
- JOHN RAKOLTA JR, TRUSTEE
- Phone
- (313) 442-1200
- Return prepared by
- DOEREN MAYHEW
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 93-1516359
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $30,600,783
- Income (IRS master file)
- $11,071,065
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $10,760,567 | $1,081,970 | $30,600,783 | IRS |
| 990-PF | December 2024 | $10,523,255 | $535,967 | $20,143,880 | IRS |
| 990-PF | December 2023 | $10,014,092 | $0 | $10,014,092 | 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 93-1516359).
Questions about AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION
- What is the EIN of AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION?
- The employer identification number (EIN) of AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION is 93-1516359.
- Is AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION 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 AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does AMB JOHN RAKOLTA JR AND TERRY L RAKOLTA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $10,760,567, expenses of $1,081,970 and total assets of $30,600,783 at year end.
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