Nonprofit · EIN 11-3126316
THERESA ALESSANDRA RUSSO FOUNDATION INC
Also known as THERESA FUND
Tax-exempt · LIDO BEACH, NY 11561
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $303,413 | $417,035 | -$113,622 | $2,370,217 | $949 | $2,369,268 |
| December 31, 2023 | 990-PF | $352,798 | $327,208 | $25,590 | $2,504,050 | $945 | $2,503,105 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $155,833
- Dividends
- $111,780
- Net gain from sales of assets
- $35,800
Expenses
- Grants and similar amounts paid
- $145,019
- Compensation of officers, directors and key employees
- $68,371
- Disbursements for charitable purposes
- $415,532
- Excise tax on investment income
- $2,051
Balance sheet and other
- Total assets, start of year
- $2,504,050
- Total assets, end of year
- $2,370,217
- Total liabilities, end of year
- $949
- Net assets, end of year
- $2,369,268
- Fair market value of assets
- $3,199,771
- Qualifying distributions
- $415,532
- Net investment income
- $147,580
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUSAN S RUSSO 91 BIARRITZ STREET, LIDO BEACH, NY 11561 | PRESIDENT | 40 | $54,121 | $0 |
| ELIZABETH EINHART 2548 FIFTH AVENUE, EAST MEADOW, NY 11554 | VICE PRESIDENT | 10 | $14,250 | $47,646 |
| VINCENT J RUSSO 91 BIARRITZ STREET, LIDO BEACH, NY 11561 | TREASURER | 0 | $0 | $0 |
| JUDY MURDAUGH JACKSON 21 ANN DRIVE, FREEPORT, NY 11520 | SECRETARY | 0 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN S RUSSO 91 BIARRITZ STREET, LIDO BEACH, NY 11561 | PRESIDENT | 40 | $69,970 |
| ELIZABETH EINHART 2548 FIFTH AVENUE, EAST MEADOW, NY 11554 | VICE PRESIDENT | 10 | $3,530 |
| VINCENT J RUSSO 91 BIARRITZ STREET, LIDO BEACH, NY 11561 | TREASURER | 0 | $0 |
| JUDY MURDAUGH JACKSON 21 ANN DRIVE, FREEPORT, NY 11520 | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 250 LIDO BLVD, LIDO BEACH, NY 11561-5015
- In care of
- % RUSSO LAW GROUP PC
- Signed the 990-PF
- VINCENT RUSSO, TREASURER
- Phone
- (516) 432-0200
- Website
- WWW.THERSEAFOUNDATION.ORG
- Return prepared by
- GARIBALDI CPA PC
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 | Not 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
- 11-3126316
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $2,370,217
- Income (IRS master file)
- $432,243
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $303,413 | $417,035 | $2,370,217 | XML |
| 990-PF | December 2023 | $352,798 | $327,208 | $2,504,050 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 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 11-3126316).
Questions about THERESA ALESSANDRA RUSSO FOUNDATION INC
- What is the EIN of THERESA ALESSANDRA RUSSO FOUNDATION INC?
- The employer identification number (EIN) of THERESA ALESSANDRA RUSSO FOUNDATION INC is 11-3126316.
- Is THERESA ALESSANDRA RUSSO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to THERESA ALESSANDRA RUSSO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does THERESA ALESSANDRA RUSSO FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THERESA ALESSANDRA RUSSO FOUNDATION INC 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 THERESA ALESSANDRA RUSSO FOUNDATION INC 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 THERESA ALESSANDRA RUSSO FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $54,121 (SUSAN S RUSSO, PRESIDENT).
- How much revenue does THERESA ALESSANDRA RUSSO FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $303,413, expenses of $417,035 and total assets of $2,370,217 at year end.
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