Nonprofit · EIN 06-1307349
MICHAEL & MARGARET PICOTTE FOUNDATION INC
Tax-exempt · SARATOGA SPGS, NY 12866
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $741,081 | $340,852 | $400,229 | $5,987,173 | $0 | $5,987,173 |
| December 31, 2024 | 990-PF | $458,194 | $285,342 | $172,852 | $5,586,944 | $0 | $5,586,944 |
| December 31, 2023 | 990-PF | $2,398,540 | $242,807 | $2,155,733 | $5,414,092 | $0 | $5,414,092 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $84,023
- Interest
- $85,618
- Net gain from sales of assets
- $571,440
Expenses
- Grants and similar amounts paid
- $320,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $323,482
- Excise tax on investment income
- $10,202
Balance sheet and other
- Total assets, start of year
- $5,586,944
- Total assets, end of year
- $5,987,173
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,987,173
- Fair market value of assets
- $6,486,722
- Qualifying distributions
- $323,482
- Net investment income
- $741,081
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 |
|---|---|---|---|
| MICHAEL B PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | Vice PRESIDENT; <1hr/week | 0 | $0 |
| MARGARET L PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | President; <1hr/week | 0 | $0 |
| NICOLE L SMITH 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | Secretary; <1hr/week | 0 | $0 |
| MICHELLE H PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | TREASURER; <1hr/week | 0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL B PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | Vice PRESIDENT; <1hr/week | 0 | $0 |
| MARGARET L PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | President; <1hr/week | 0 | $0 |
| NICOLE L SMITH 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | Secretary; <1hr/week | 0 | $0 |
| MICHELLE H PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | TREASURER; <1hr/week | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL B PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | Vice PRESIDENT; <1hr/week | 0 | $0 |
| MARGARET L PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | President; <1hr/week | 0 | $0 |
| NICOLE L SMITH 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | Secretary; <1hr/week | 0 | $0 |
| MICHELLE H PICOTTE 19 Railroad Pl ste 301 C/O STA, SARATOGA SPRINGS, NY 12866 | TREASURER; <1hr/week | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 19 RAILROAD PL STE 301, SARATOGA SPGS, NY 12866-2386
- In care of
- % SHADE TREE ADVISORS
- Signed the 990-PF
- MARGARET L PICOTTE, PRESIDENT
- Phone
- (518) 290-9460
- Return prepared by
- SHADE TREE 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 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
- 06-1307349
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,987,173
- Income (IRS master file)
- $741,081
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $741,081 | $340,852 | $5,987,173 | IRS |
| 990-PF | December 2024 | $458,194 | $285,342 | $5,586,944 | IRS |
| 990-PF | December 2023 | $2,398,540 | $242,807 | $5,414,092 | 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 06-1307349).
Questions about MICHAEL & MARGARET PICOTTE FOUNDATION INC
- What is the EIN of MICHAEL & MARGARET PICOTTE FOUNDATION INC?
- The employer identification number (EIN) of MICHAEL & MARGARET PICOTTE FOUNDATION INC is 06-1307349.
- Is MICHAEL & MARGARET PICOTTE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to MICHAEL & MARGARET PICOTTE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHAEL & MARGARET PICOTTE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAEL & MARGARET PICOTTE 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 MICHAEL & MARGARET PICOTTE 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 MICHAEL & MARGARET PICOTTE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MICHAEL & MARGARET PICOTTE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $741,081, expenses of $340,852 and total assets of $5,987,173 at year end.
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