Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 04-6652923

ADELARD A & VALEDA LEA ROY FOUNDATION

Also known as SPENCER CARLTON W ETAL TTEES

Tax-exempt · BOSTON, MA 02196

Financials

$363K$672K2023$844K$713K2024$1.3M$830K2025
Revenue Expenses · by fiscal year end
Financials of ADELARD A & VALEDA LEA ROY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,275,541$829,950$445,591$4,942,824$0$4,942,824
December 31, 2024990-PF$843,681$712,561$131,120$4,497,233$0$4,497,233
December 31, 2023990-PF$362,685$671,641-$308,956$4,366,113$0$4,366,113
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$391,968
Interest
$11,997
Net gain from sales of assets
$871,576

Expenses

Grants and similar amounts paid
$714,900
Compensation of officers, directors and key employees
$53,000
Disbursements for charitable purposes
$761,551
Excise tax on investment income
$17,037

Balance sheet and other

Total assets, start of year
$4,497,233
Total assets, end of year
$4,942,824
Total liabilities, end of year
$0
Net assets, end of year
$4,942,824
Fair market value of assets
$17,447,756
Qualifying distributions
$761,551
Net investment income
$1,275,541

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
MICHAEL J PUZO
75 STATE STREET 16TH FLOOR, BOSTON, MA 021091466
TRUSTEE2.5$23,000
REV DR NANCY S SMITH
2676 WAKEFIELD, WAKEFIELD, NH 03872
TRUSTEE2.5$22,500
ELIZABETH M FISHER
1865 SHILOH RANCH DRIVE, COLORADO SPRINGS, CO 80908
TRUSTEE1$7,500
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
REV DR NANCY S SMITH
2676 WAKEFIELD, WAKEFIELD, NH 03872
TRUSTEE2.5$18,750
MICHAEL J PUZO
75 STATE STREET 16TH FLOOR, BOSTON, MA 021091466
TRUSTEE2.5$11,250
ELIZABETH M FISHER
1865 SHILOH RANCH DRIVE, COLORADO SPRINGS, CO 80908
TRUSTEE1$9,375
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
MICHAEL J PUZO
75 STATE STREET 16TH FLOOR, BOSTON, MA 021091466
TRUSTEE2.5$23,750
REV DR NANCY S SMITH
2676 WAKEFIELD, WAKEFIELD, NH 03872
TRUSTEE2.5$15,000
ELIZABETH M FISHER
1865 SHILOH RANCH DRIVE, COLORADO SPRINGS, CO 80908
TRUSTEE1$7,500

Address and contacts

Address (IRS master file)
PO BOX 961209, BOSTON, MA 02196-1209
In care of
% C W SPENCER SPENCER AND STONE
Signed the 990-PF
MICHAEL J PUZO, TRUSTEE
Phone
(617) 227-7940
Return prepared by
HEMENWAY & BARNES LLP

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
04-6652923
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
1991
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$4,942,824
Income (IRS master file)
$1,333,768

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,275,541$829,950$4,942,824IRS
990-PFDecember 2024$843,681$712,561$4,497,233IRS
990-PFDecember 2023$362,685$671,641$4,366,113XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 04-6652923).

Questions about ADELARD A & VALEDA LEA ROY FOUNDATION

What is the EIN of ADELARD A & VALEDA LEA ROY FOUNDATION?
The employer identification number (EIN) of ADELARD A & VALEDA LEA ROY FOUNDATION is 04-6652923.
Is ADELARD A & VALEDA LEA ROY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to ADELARD A & VALEDA LEA ROY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does ADELARD A & VALEDA LEA ROY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of ADELARD A & VALEDA LEA ROY 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 ADELARD A & VALEDA LEA ROY 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 ADELARD A & VALEDA LEA ROY FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $23,000 (MICHAEL J PUZO, TRUSTEE).
How much revenue does ADELARD A & VALEDA LEA ROY FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,275,541, expenses of $829,950 and total assets of $4,942,824 at year end.

Other nonprofits in BOSTON

All nonprofits in BOSTON · Massachusetts