Nonprofit · EIN 11-3075245
LOCUST VALLEY ROTARY CLUB FOUNDATION INC
Tax-exempt · GLEN COVE, NY 11542
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | – | $2,000 | – | $2,585 | $25 | $2,560 |
| December 31, 2024 | 990-EZ | $950 | $8,069 | -$7,119 | $4,585 | $25 | $4,560 |
| December 31, 2023 | 990-EZ | $7,724 | $12,108 | -$4,384 | $11,704 | $25 | $11,679 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $2,000
- Program services (functional)
- $2,000
Balance sheet and other
- Total assets, start of year
- $4,585
- Total assets, end of year
- $2,585
- Total liabilities, end of year
- $25
- Net assets, end of year
- $2,560
- Cash, savings and investments
- $2,585
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GABOR KARSAI | PRESIDENT | 5 | $0 |
| CHARLES JOHNSON | SECRETARY | 5 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN ROSOLINO | PRESIDENT | 5 | $0 |
| GABOR KARSAI | OFFICER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN ROSOLINO | PRESIDENT | 0.5 | $0 |
| KATHLEEN SANTUCCI | TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 37 NORTHFIELD RD, GLEN COVE, NY 11542-1741
- In care of
- % WILLIAM S JACOBS
- Signed the 990-EZ
- GABOR KARSAI, PRESIDENT
- Phone
- (516) 359-8028
- Website
- WWW.LVROTARY.ORG
- Return prepared by
- STRATEGIC TAX PLANNING SERVICES LLC
Mission
TO SOLICIT, RECEIVE, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUEST, DEVISES AND PROPERTY OF ANY SORT, WITHOUT LIMITATION AS TO AMOUNT OR VALUE, AND TO USE, DISBURSE OR DONATE THE WHOLE OR ANY PART OF THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, MEDICAL OR EDUCATIONAL PURPOSES, OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS, WITHIN THE UNITED STATES OF AMERICA.
Program accomplishments
- VARIOUS SCHOLARSHIPS WERE GIVEN TO DESERVING STUDENTS TO BE USED FOR EDUCATIONAL PURPOSES.
- THE ORGANIZATION GIVES DONATIONS TO VARIOUS ORGANIZATIONS.
- THE ORGANIZATION CONTRIBUTED TO VARIOUS COMMUNITY PROGRAMS, INCLUDING GLOVES FOR HUGS PROGRAM, RENOVATIONS TO THE GAZEBO, AND CLOCK TOWER.Expenses $2,000
- OTHER ORGANIZATIONAL EXPENSES
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 11-3075245
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T00J)
- Assets (IRS master file)
- $2,585
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | – | $2,000 | $2,585 | IRS |
| 990-EZ | December 2024 | $950 | $8,069 | $4,585 | IRS |
| 990-EZ | December 2023 | $7,724 | $12,108 | $11,704 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 11-3075245).
Questions about LOCUST VALLEY ROTARY CLUB FOUNDATION INC
- What is the EIN of LOCUST VALLEY ROTARY CLUB FOUNDATION INC?
- The employer identification number (EIN) of LOCUST VALLEY ROTARY CLUB FOUNDATION INC is 11-3075245.
- Is LOCUST VALLEY ROTARY CLUB FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to LOCUST VALLEY ROTARY CLUB FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOCUST VALLEY ROTARY CLUB FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LOCUST VALLEY ROTARY CLUB 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 LOCUST VALLEY ROTARY CLUB FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of LOCUST VALLEY ROTARY CLUB FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
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