Nonprofit · EIN 04-6130871
GERONDELIS FOUNDATION INC
Tax-exempt · LYNN, MA 01901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,125,436 | $3,815,968 | -$1,690,532 | $6,722,154 | $2,566,666 | $4,155,488 |
| December 31, 2024 | 990-PF | $2,416,815 | $2,380,155 | $36,660 | $7,038,867 | $1,192,847 | $5,846,020 |
| December 31, 2023 | 990-PF | $2,156,758 | $1,914,363 | $242,395 | $6,860,777 | $1,051,417 | $5,809,360 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $52,274
- Interest
- $4,157
- Net rental income
- $1,940,417
- Other income
- $128,588
Expenses
- Grants and similar amounts paid
- $3,497,300
- Compensation of officers, directors and key employees
- $82,000
- Disbursements for charitable purposes
- $2,070,634
- Excise tax on investment income
- $26,254
Balance sheet and other
- Total assets, start of year
- $7,038,867
- Total assets, end of year
- $6,722,154
- Total liabilities, end of year
- $2,566,666
- Net assets, end of year
- $4,155,488
- Fair market value of assets
- $3,458,298
- Qualifying distributions
- $2,070,634
- Net investment income
- $2,125,436
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 |
|---|---|---|---|
| THOMAS C DEMAKIS ESQ 140 IPSWICH ROAD, TOPSFIELD, MA 01983 | TREASURER | 0 | $8,000 |
| GREGORY C DEMAKIS ESQ 19 SEA VIEW AVE, NAHANT, MA 01908 | PRESIDENT | 0 | $8,000 |
| PAUL C DEMAKIS ESQ 46 COMMONWEALTH AVENUE, BOSTON, MA 02116 | DIRECTOR | 0 | $8,000 |
| THOMAS L DEMAKIS 45 BLODGETT AVENUE, SWAMPSCOTT, MA 01907 | DIRECTOR | 0 | $8,000 |
| JOHN N DEMAKIS 1 LEO ROAD, MARBLEHEAD, MA 01945 | DIRECTOR | 0 | $8,000 |
| T PHILLIP COMENOS 1 DEXTER LANE, MANCHESTER, MA 01944 | DIRECTOR | 0 | $8,000 |
| ARTHUR KOURKOULIS 101 LITTLE NAHANT ROAD, NAHANT, MA 01908 | DIRECTOR | 0 | $8,000 |
| JOANNA DEMAKIS 18 6TH AVENUE 1507, BROOKLYN, NY 11217 | DIRECTOR | 0 | $8,000 |
| IRENE C DUROS 789 SUMMER STREET, LYNNFIELD, MA 01940 | DIRECTOR | 0 | $8,000 |
| CHRISTOPHER SCANGAS 25 SANDPIPER STRAND, CORONADO, CA 92118 | DIRECTOR | 0 | $8,000 |
| NICHOLAS T ZERVAS 1245 ADAMS STREET, DORCHESTER, MA 02124 | DIRECTOR | 0 | $2,000 |
990-PF for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS C DEMAKIS ESQ 140 IPSWICH ROAD, TOPSFIELD, MA 01983 | TREASURER | 0 | $8,000 |
| GREGORY C DEMAKIS ESQ 19 SEA VIEW AVE, NAHANT, MA 01908 | PRESIDENT | 0 | $8,000 |
| PAUL C DEMAKIS ESQ 46 COMMONWEALTH AVENUE, BOSTON, MA 02116 | DIRECTOR | 0 | $8,000 |
| THOMAS L DEMAKIS 45 BLODGETT AVENUE, SWAMPSCOTT, MA 01907 | DIRECTOR | 0 | $8,000 |
| JOHN N DEMAKIS 1 LEO ROAD, MARBLEHEAD, MA 01945 | DIRECTOR | 0 | $8,000 |
| T PHILLIP COMENOS 1 DEXTER LANE, MANCHESTER, MA 01944 | DIRECTOR | 0 | $8,000 |
| ARTHUR KOURKOULIS 101 LITTLE NAHANT ROAD, NAHANT, MA 01908 | DIRECTOR | 0 | $8,000 |
| JOANNA DEMAKIS 18 6TH AVENUE 1507, BROOKLYN, NY 11217 | DIRECTOR | 0 | $8,000 |
| IRENE C DUROS 789 SUMMER STREET, LYNNFIELD, MA 01940 | DIRECTOR | 0 | $8,000 |
| CHRISTOPHER SCANGAS 25 SANDPIPER STRAND, CORONADO, CA 92118 | DIRECTOR | 0 | $8,000 |
| NICHOLAS T ZERVAS 1245 ADAMS STREET, DORCHESTER, MA 02124 | DIRECTOR | 0 | $2,000 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS C DEMAKIS ESQ 140 IPSWICH ROAD, TOPSFIELD, MA 01983 | TREASURER | 0 | $8,000 |
| GREGORY C DEMAKIS ESQ 19 SEA VIEW AVE, NAHANT, MA 01908 | PRESIDENT | 0 | $8,000 |
| PAUL C DEMAKIS ESQ 46 COMMONWEALTH AVENUE, BOSTON, MA 02116 | DIRECTOR | 0 | $8,000 |
| THOMAS L DEMAKIS 45 BLODGETT AVENUE, SWAMPSCOTT, MA 01907 | DIRECTOR | 0 | $8,000 |
| JOHN N DEMAKIS 1 LEO ROAD, MARBLEHEAD, MA 01945 | DIRECTOR | 0 | $8,000 |
| T PHILLIP COMENOS 1 DEXTER LANE, MANCHESTER, MA 01944 | DIRECTOR | 0 | $8,000 |
| ARTHUR KOURKOULIS 101 LITTLE NAHANT ROAD, NAHANT, MA 01908 | DIRECTOR | 0 | $8,000 |
| JOANNA DEMAKIS 18 6TH AVENUE 1507, BROOKLYN, NY 11217 | DIRECTOR | 0 | $8,000 |
| IRENE C DUROS 789 SUMMER STREET, LYNNFIELD, MA 01940 | DIRECTOR | 0 | $8,000 |
| CHRISTOPHER SCANGAS 25 SANDPIPER STRAND, CORONADO, CA 92118 | DIRECTOR | 0 | $8,000 |
| NICHOLAS T ZERVAS 1245 ADAMS STREET, DORCHESTER, MA 02124 | DIRECTOR | 0 | $2,000 |
Address and contacts
- Address (IRS master file)
- 56 CENTRAL AVE STE 201, LYNN, MA 01901-1112
- Signed the 990-PF
- GREGORY C DEMAKIS ESQ, PRESIDENT
- Phone
- (781) 595-3311
- Return prepared by
- DEMAKIS INC CPA
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
- 04-6130871
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $6,722,154
- Income (IRS master file)
- $2,125,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,125,436 | $3,815,968 | $6,722,154 | XML |
| 990-PF | December 2024 | $2,416,815 | $2,380,155 | $7,038,867 | XML |
| 990-PF | December 2023 | $2,156,758 | $1,914,363 | $6,860,777 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 04-6130871).
Questions about GERONDELIS FOUNDATION INC
- What is the EIN of GERONDELIS FOUNDATION INC?
- The employer identification number (EIN) of GERONDELIS FOUNDATION INC is 04-6130871.
- Is GERONDELIS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to GERONDELIS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GERONDELIS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GERONDELIS 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 GERONDELIS 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 GERONDELIS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 11 people; 11 received compensation from the organization, the highest $8,000 (THOMAS C DEMAKIS ESQ, TREASURER).
- How much revenue does GERONDELIS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,125,436, expenses of $3,815,968 and total assets of $6,722,154 at year end.
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