Skip to main content

Nonprofit · EIN 11-6415770

PANETH FAMILY CHARITABLE TRUST

Also known as PANETH SAMUEL THOMAS ET AL TTEE

Tax-exempt · BROOKLYN, NY 11219

Financials

$555K$2M2023$2.8M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of PANETH FAMILY CHARITABLE TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$2,816,806$2,889,180-$72,374$4,350,784$0$4,350,784
December 31, 2023990-PF$555,169$1,975,971-$1,420,802$4,423,158$0$4,423,158
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$330,374
Interest
$311
Net gain from sales of assets
$433,366
Other income
$2,052,755

Expenses

Grants and similar amounts paid
$2,788,350
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$2,788,350
Excise tax on investment income
$37,754

Balance sheet and other

Total assets, start of year
$4,423,158
Total assets, end of year
$4,350,784
Total liabilities, end of year
$0
Net assets, end of year
$4,350,784
Fair market value of assets
$4,532,456
Qualifying distributions
$2,788,350
Net investment income
$2,816,917

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
MORTON PANETH
1444 53RD STREET, BROOKLYN, NY 11219
TRUSTEE0$0
MAYER GRUNWALD
1440 TANGLEWOOD LANE, LAKEWOOD, NJ 08701
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
SAMUEL PANETH
1444 53RD STREET, BROOKLYN, NY 11219
TRUSTEE0$0
THOMAS PANETH
1444 53RD STREET, BROOKLYN, NY 11219
TRUSTEE0$0
MORTON PANETH
1444 53RD STREET, BROOKLYN, NY 11219
TRUSTEE0$0
LEAH WERNER
1444 53RD STREET, BROOKLYN, NY 11219
TRUSTEE0$0

Address and contacts

Address (IRS master file)
1444 53RD ST, BROOKLYN, NY 11219-3948
In care of
% MORTON PANETH
Signed the 990-PF
MORTON PANETH, TRUSTEE
Phone
(973) 483-6800
Return prepared by
Brand Sonnenschine LLP

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
11-6415770
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
1994
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$4,350,784
Income (IRS master file)
$4,919,995

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$2,816,806$2,889,180$4,350,784IRS
990-PFDecember 2023$555,169$1,975,971$4,423,158XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
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 11-6415770).

Questions about PANETH FAMILY CHARITABLE TRUST

What is the EIN of PANETH FAMILY CHARITABLE TRUST?
The employer identification number (EIN) of PANETH FAMILY CHARITABLE TRUST is 11-6415770.
Is PANETH FAMILY CHARITABLE TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to PANETH FAMILY CHARITABLE TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does PANETH FAMILY CHARITABLE TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of PANETH FAMILY CHARITABLE TRUST 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 PANETH FAMILY CHARITABLE TRUST 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 PANETH FAMILY CHARITABLE TRUST?
The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does PANETH FAMILY CHARITABLE TRUST have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,816,806, expenses of $2,889,180 and total assets of $4,350,784 at year end.

Other nonprofits in BROOKLYN

All nonprofits in BROOKLYN · New York