Nonprofit · EIN 11-7040015
SEARS FAMILY FOUNDATION
Tax-exempt · LAKE PLACID, NY 12946
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $383,844 | $374,809 | $9,035 | $2,445,469 | $24,431 | $2,421,038 |
| December 31, 2023 | 990-PF | $499,208 | $335,048 | $164,160 | $2,434,450 | $22,447 | $2,412,003 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $285,000
- Dividends
- $142,073
- Interest
- $5,651
- Net gain from sales of assets
- -$48,922
- Other income
- $42
Expenses
- Grants and similar amounts paid
- $240,792
- Compensation of officers, directors and key employees
- $8,000
- Disbursements for charitable purposes
- $334,232
- Excise tax on investment income
- $1,727
Balance sheet and other
- Total assets, start of year
- $2,434,450
- Total assets, end of year
- $2,445,469
- Total liabilities, end of year
- $24,431
- Net assets, end of year
- $2,421,038
- Fair market value of assets
- $4,038,461
- Qualifying distributions
- $334,232
- Net investment income
- $147,724
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 |
|---|---|---|---|
| OLGA MALINOVA PO BOX 1909, LAKE PLACID, NY 12946 | CFO | 20 | $8,000 |
| MARGARITA SEARS PO BOX 1909, LAKE PLACID, NY 12946 | TRUSTEE | 20 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OLGA MALINOVA PO BOX 1909, LAKE PLACID, NY 12946 | CFO | 20 | $7,500 |
| MARGARITA SEARS PO BOX 1909, LAKE PLACID, NY 12946 | TRUSTEE | 20 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1909, LAKE PLACID, NY 12946-5909
- Signed the 990-PF
- MARGARITA SEARS, TRUSTEE
- Phone
- (212) 769-2279
- Return prepared by
- SHALIK MORRIS & COMPANY 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 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
- 11-7040015
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,445,469
- Income (IRS master file)
- $472,713
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $383,844 | $374,809 | $2,445,469 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $499,208 | $335,048 | $2,434,450 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 11-7040015).
Questions about SEARS FAMILY FOUNDATION
- What is the EIN of SEARS FAMILY FOUNDATION?
- The employer identification number (EIN) of SEARS FAMILY FOUNDATION is 11-7040015.
- Is SEARS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to SEARS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SEARS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SEARS FAMILY FOUNDATION 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 SEARS FAMILY FOUNDATION 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 SEARS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $8,000 (OLGA MALINOVA, CFO).
- How much revenue does SEARS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $383,844, expenses of $374,809 and total assets of $2,445,469 at year end.
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