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Nonprofit · EIN 02-0600478

MILFORD BANK FOUNDATION INC

Tax-exempt · MILFORD, CT 06460

Financials

$51K$48K2023$148K$31K2024$284K$86K2025
Revenue Expenses · by fiscal year end
Financials of MILFORD BANK FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$284,280$86,198$198,082$806,286$0$806,286
December 31, 2024990-PF$148,405$30,784$117,621$602,011$0$602,011
December 31, 2023990-PF$51,341$47,936$3,405$476,347$0$476,347
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$250,600
Dividends
$8,603
Interest
$6,300
Net gain from sales of assets
$18,777

Expenses

Grants and similar amounts paid
$85,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$85,000
Excise tax on investment income
$456

Balance sheet and other

Total assets, start of year
$602,011
Total assets, end of year
$806,286
Total liabilities, end of year
$0
Net assets, end of year
$806,286
Fair market value of assets
$806,286
Qualifying distributions
$85,000
Net investment income
$33,680

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.

NameTitleHours / weekCompensation
JORGE A SANTIAGO
33 BROAD STREET, MILFORD, CT 06460
PRESIDENT & CHAIR0$0
DAVID B RUBIN
33 BROAD STREET, MILFORD, CT 06460
BOARD VICE CHAIR0$0
MICHAEL A CAPODANNO
33 BROAD STREET, MILFORD, CT 06460
TREASURER0$0
KARUNA KASBAWALA
33 BROAD STREET, MILFORD, CT 06460
SECRETARY0$0
JOHN A HARKINS
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
JOY TOPAZIAN MOORE
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
KEVIN C MCGRATH
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
PETER A OLSEN
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
DAVID ESPOSITO
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
BEVERLY K STREIT
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
MICHAEL J PAOLINI
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
GARY L OPIN
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
990-PF for the year ended December 31, 2024: 12 people
NameTitleHours / weekCompensation
JORGE A SANTIAGO
33 BROAD STREET, MILFORD, CT 06460
PRESIDENT & CHAIR0$0
DAVID B RUBIN
33 BROAD STREET, MILFORD, CT 06460
BOARD VICE CHAIR0$0
MICHAEL A CAPODANNO
33 BROAD STREET, MILFORD, CT 06460
TREASURER0$0
KARUNA KASBAWALA
33 BROAD STREET, MILFORD, CT 06460
SECRETARY0$0
JOHN A HARKINS
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
JOY TOPAZIAN MOORE
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
KEVIN C MCGRATH
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
PETER A OLSEN
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
DAVID ESPOSITO
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
BEVERLY K STREIT
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
MICHAEL J PAOLINI
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
GARY L OPIN
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
990-PF for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
SUSAN L SHIELDS
33 BROAD STREET, MILFORD, CT 06460
PRESIDENT & CHAIR0$0
DAVID B RUBIN
33 BROAD STREET, MILFORD, CT 06460
BOARD VICE CHAIR0$0
MICHAEL A CAPODANNO
33 BROAD STREET, MILFORD, CT 06460
TREASURER0$0
ANNE MARIE LENART
33 BROAD STREET, MILFORD, CT 06460
SECRETARY0$0
JOHN A HARKINS
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
JOY TOPAZIAN MOORE
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
KEVIN C MCGRATH
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
PETER A OLSEN
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
CAROL A MCINNIS
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
DAVID ESPOSITO
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
BEVERLY K STREIT-KEFALAS
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
MICHAEL J PAOLINI
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0
GARY L OPIN
33 BROAD STREET, MILFORD, CT 06460
BOARD MEMBER0$0

Address and contacts

Address (IRS master file)
33 BROAD ST, MILFORD, CT 06460-3319
In care of
% ROBERT MACKLIN
Signed the 990-PF
EDWARD SARGOOD, TREASURER
Phone
(203) 783-5703
Return prepared by
WHITTLESEY PC

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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
02-0600478
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
2003
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$806,286
Income (IRS master file)
$288,810

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$284,280$86,198$806,286XML
990-PFDecember 2024$148,405$30,784$602,011IRS
990-PFDecember 2023$51,341$47,936$476,347XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––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 02-0600478).

Questions about MILFORD BANK FOUNDATION INC

What is the EIN of MILFORD BANK FOUNDATION INC?
The employer identification number (EIN) of MILFORD BANK FOUNDATION INC is 02-0600478.
Is MILFORD BANK FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to MILFORD BANK FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does MILFORD BANK FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of MILFORD BANK 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 MILFORD BANK FOUNDATION INC 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 MILFORD BANK FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
How much revenue does MILFORD BANK FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $284,280, expenses of $86,198 and total assets of $806,286 at year end.

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