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

Nonprofit · EIN 05-0426569

THE PAPITTO FOUNDATION

Tax-exempt · HOPE, RI 02831

Financials

$1.1M$1.3M2021$706K$2.1M2023$727K$2M2024
Revenue Expenses · by fiscal year end
Financials of THE PAPITTO FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$727,194$1,970,518-$1,243,324$7,032,264$0$7,032,264
December 31, 2023990-PF$705,560$2,095,234-$1,389,674$8,323,757$0$8,323,757
December 31, 2021990-PF$1,122,551$1,300,410-$177,859$11,176,522$0$11,176,522
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$125,698
Interest
$85,157
Net gain from sales of assets
$516,339

Expenses

Grants and similar amounts paid
$1,804,535
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$93,097
Disbursements for charitable purposes
$1,907,298
Excise tax on investment income
$9,348

Balance sheet and other

Total assets, start of year
$8,323,757
Total assets, end of year
$7,032,264
Total liabilities, end of year
$0
Net assets, end of year
$7,032,264
Fair market value of assets
$12,607,911
Qualifying distributions
$1,907,298
Net investment income
$725,629

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
BARBARA A PAPITTO
6 WATER VALLEY RD, HOPE, RI 02831
PRESIDENT/DIRECTOR10$0
DAVID PAPITTO
117 WHITE BIRCH CIRCLE, HOPE, RI 02831
DIRECTOR10$0
EDWARD P PIERONI
1275 WAMPANOAG TRAIL SUITE 1, EAST PROVIDENCE, RI 02915
DIRECTOR0.1$0
JOHN A TARANTINO
ONE CITIZENS PLAZA 8TH FLOOR, PROVIDENCE, RI 02903
DIRECTOR0.1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
BARBARA A PAPITTO
6 WATER VALLEY RD, HOPE, RI 02831
PRESIDENT/DIRECTOR10$0
DAVID PAPITTO
117 WHITE BIRCH CIRCLE, HOPE, RI 02831
DIRECTOR10$0
EDWARD P PIERONI
1275 WAMPANOAG TRAIL SUITE 1, EAST PROVIDENCE, RI 02915
DIRECTOR0$0
JOHN A TARANTINO
ONE CITIZENS PLAZA 8TH FLOOR, PROVIDENCE, RI 02903
DIRECTOR0$0
990-PF for the year ended December 31, 2021: 4 people
NameTitleHours / weekCompensation
BARBARA A PAPITTO
6 WATER VALLEY RD, HOPE, RI 02831
PRESIDENT/DIRECTOR10$0
DAVID PAPITTO
117 WHITE BIRCH CIRCLE, HOPE, RI 02831
DIRECTOR10$0
EDWARD P PIERONI
1275 WAMPANOAG TRAIL SUITE 1, EAST PROVIDENCE, RI 02915
DIRECTOR0$0
JOHN A TARANTINO
ONE CITIZENS PLAZA 8TH FLOOR, PROVIDENCE, RI 02903
DIRECTOR0$0

Address and contacts

Address (IRS master file)
6 WATER VALLEY RD, HOPE, RI 02831-1108
In care of
% AFC CABLE SYSTEMS
Signed the 990-PF
BARBARA A PAPITTO, PRESIDENT
Phone
(401) 828-5751
Return prepared by
Citrin Cooperman Advisors LLC

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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
05-0426569
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
1988
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$7,032,264
Income (IRS master file)
$3,546,962

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$727,194$1,970,518$7,032,264XML
990-PFDecember 2023$705,560$2,095,234$8,323,757XML
990-PFDecember 2022–––IRS
990-PFDecember 2021$1,122,551$1,300,410$11,176,522XML
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 05-0426569).

Questions about THE PAPITTO FOUNDATION

What is the EIN of THE PAPITTO FOUNDATION?
The employer identification number (EIN) of THE PAPITTO FOUNDATION is 05-0426569.
Is THE PAPITTO FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to THE PAPITTO FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE PAPITTO FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE PAPITTO FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE PAPITTO FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of THE PAPITTO FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does THE PAPITTO FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $727,194, expenses of $1,970,518 and total assets of $7,032,264 at year end.

Other nonprofits in HOPE

All nonprofits in HOPE · Rhode Island