Nonprofit · EIN 11-3281606
PAUL COLLINS JR SCHOLARSHIP PLAN
Tax-exempt · LONG ISLAND CITY, NY 11101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $118,493 | $107,434 | $11,059 | $691,960 | $31,967 | $659,993 |
| December 31, 2024 | 990 | $96,573 | $111,447 | -$14,874 | $659,126 | $34,019 | $625,107 |
| December 31, 2023 | 990 | $99,494 | $113,229 | -$13,735 | $639,328 | $28,417 | $610,911 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,659
- Program service revenue
- $28,006
- Investment income
- $2,080
- Net gain from sales of assets
- $1,621
- Net income from fundraising events
- $86,748
- Other revenue
- $86,748
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $42,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,245
- Accounting fees
- $14,000
- Occupancy
- $2,999
- Program services (functional)
- $42,000
- Management and general (functional)
- $65,434
Balance sheet and other
- Total assets, start of year
- $659,126
- Total assets, end of year
- $691,960
- Total liabilities, end of year
- $31,967
- Net assets, end of year
- $659,993
- Publicly traded securities
- $609,783
- Gross receipts
- $230,881
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1996
- State of legal domicile
- NY
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD BASULTO | FUND ADMINISTRATOR Officer | 2 | $0 | $136,315 | $74,938 |
| RUSSELL CAPALDO | UNION TRUSTEE Trustee or director | 1 | $0 | $4,876 | $2,703 |
| DANTE DANO JR- THRU 725 | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY FOTIADIS | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN GOING | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JONATHAN BRAGOLI | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SHANNA PERAS | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| HENRY A TAVAREZ- EFF 725 | UNION TRUSTEE Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD BASULTO | FUND ADMINISTRATOR Officer | 2 | $0 | $124,603 | $67,253 |
| RUSSELL CAPALDO | UNION TRUSTEE Trustee or director | 1 | $0 | $1,638 | $1,079 |
| DANTE DANO JR | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY FOTIADIS | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN GOING | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JONATHAN BRAGOLI | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SHANNA PERAS | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD BASULTO | FUND ADMINISTRATOR Officer | 2 | $0 | $148,497 | $82,067 |
| RUSSELL CAPALDO | UNION TRUSTEE Trustee or director | 1 | $0 | $4,408 | $2,887 |
| DANTE DANO JR | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANTHONY FOTIADIS | UNION TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN GOING | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JONATHAN BRAGOLI | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SHANNA PERAS | EMPLYR TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50-02 5TH STREET STE A, LONG ISLAND CITY, NY 11101-6164
- In care of
- % PAUL COLLINS JR
- Principal officer (990 for 2025)
- RICHARD BASULTO, 50-02 5TH STREET STE A, LONG ISLAND CITY, NY 11101
- Signed the 990
- RICHARD BASULTO, FUND ADMINISTRATOR
- Phone
- (718) 937-4514
- Return prepared by
- SCHULTHEIS & PANETTIERI LLP
Mission
THE PURPOSE OF THE PLAN IS TO PROVIDE SCHOLARSHIPS TO ELIGIBLE PARTICIPANTS FOR UNDERGRADUATE TUITION IN AN ACCREDITED COLLEGE OR UNIVERSITY. SCHOLARSHIP BENEFITS ARE DETERMINED BY THE PLAN'S TRUSTEES.
Program accomplishments
- THE PURPOSE OF THE PLAN IS TO PROVIDE SCHOLARSHIPS TO ELIGIBLE PARTICIPANTS FOR UNDERGRADUATE TUITION IN AN ACCREDITED COLLEGE OR UNIVERSITY. SCHOLARSHIP BENEFITS ARE DETERMINED BY THE PLAN'S TRUSTEES.Expenses $42,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3281606
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $691,960
- Income (IRS master file)
- $230,881
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $118,493 | $107,434 | $691,960 | XML |
| 990 | December 2024 | $96,573 | $111,447 | $659,126 | XML |
| 990 | December 2023 | $99,494 | $113,229 | $639,328 | XML |
| 990 | December 2022 | $102,803 | $106,244 | $626,189 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 11-3281606).
Questions about PAUL COLLINS JR SCHOLARSHIP PLAN
- What is the EIN of PAUL COLLINS JR SCHOLARSHIP PLAN?
- The employer identification number (EIN) of PAUL COLLINS JR SCHOLARSHIP PLAN is 11-3281606.
- Is PAUL COLLINS JR SCHOLARSHIP PLAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to PAUL COLLINS JR SCHOLARSHIP PLAN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAUL COLLINS JR SCHOLARSHIP PLAN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PAUL COLLINS JR SCHOLARSHIP PLAN 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 PAUL COLLINS JR SCHOLARSHIP PLAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PAUL COLLINS JR SCHOLARSHIP PLAN?
- The 990 for the year ended December 31, 2025 names RICHARD BASULTO.
- Who are the officers and directors of PAUL COLLINS JR SCHOLARSHIP PLAN?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does PAUL COLLINS JR SCHOLARSHIP PLAN have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $118,493, expenses of $107,434 and total assets of $691,960 at year end.
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