Nonprofit · EIN 13-3855108
INSTITUTE FOUNDATION INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $2,903,160 | $2,910,747 | -$7,587 | $1,479,383 | $508,833 | $970,550 |
| July 31, 2024 | 990 | $2,976,705 | $2,572,848 | $403,857 | $1,745,749 | $733,446 | $1,012,303 |
| July 31, 2023 | 990 | $3,034,670 | $2,701,407 | $333,263 | $1,500,308 | $891,862 | $608,446 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,901,736
- Investment income
- $0
- Other revenue
- $1,424
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $160,500
- Other salaries and wages
- $1,035,381
- Salaries, compensation and benefits (total)
- $1,238,791
- Professional fundraising fees
- $0
- Occupancy
- $849,802
- Program services (functional)
- $2,477,516
- Management and general (functional)
- $433,231
Balance sheet and other
- Total assets, start of year
- $1,745,749
- Total assets, end of year
- $1,479,383
- Total liabilities, end of year
- $508,833
- Net assets, end of year
- $970,550
- Land, buildings and equipment
- $12,601
- Gross receipts
- $2,903,160
- Employees
- 64
- Volunteers
- 0
- Year formed
- 1995
- 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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL SCHIFFMAN | VICE PRESIDENT/SECRETARY Officer | 50 | $96,000 |
| DANTE V FERRARO | PRESIDENT Officer | 50 | $64,500 |
990 for the year ended July 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL SCHIFFMAN | VICE PRESIDENT/SECRETARY Officer | 50 | $96,000 |
| DANTE V FERRARO | PRESIDENT Officer | 50 | $31,000 |
990 for the year ended July 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL SCHIFFMAN | VICE PRESIDENT/SECRETARY Officer | 50 | $96,000 |
| DANTE V FERRARO | PRESIDENT Officer | 50 | $37,500 |
Address and contacts
- Address (IRS master file)
- 240 WEST 35TH STREET 2ND FLOOR, NEW YORK, NY 10001-2515
- In care of
- % DANTE V FERRARO
- Principal officer (990 for 2024)
- DANTE FERRARO, 240 WEST 35TH STREET 2ND FLR, NEW YORK, NY 100012506
- Signed the 990
- DANTE V FERRARO, PRESIDENT
- Phone
- (212) 840-7111
- Website
- www.sai2000.org
- Return prepared by
- STEVEN R CORWIN ACCOUNTANT
Mission
EDUCATION
Program accomplishments
- PROVIDES LANGUAGE TRAINING.Expenses $2,477,516 · revenue $2,903,160
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 13-3855108
- 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
- 1996
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $1,479,383
- Income (IRS master file)
- $2,903,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $2,903,160 | $2,910,747 | $1,479,383 | XML |
| 990 | July 2024 | $2,976,705 | $2,572,848 | $1,745,749 | XML |
| 990 | July 2023 | $3,034,670 | $2,701,407 | $1,500,308 | XML |
| 990 | July 2022 | $1,973,744 | $2,432,845 | $1,196,082 | IRS |
| 990 | July 2021 | – | – | – | 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 13-3855108).
Questions about INSTITUTE FOUNDATION INC
- What is the EIN of INSTITUTE FOUNDATION INC?
- The employer identification number (EIN) of INSTITUTE FOUNDATION INC is 13-3855108.
- Is INSTITUTE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to INSTITUTE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOUNDATION INC 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 INSTITUTE FOUNDATION INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of INSTITUTE FOUNDATION INC?
- The 990 for the year ended July 31, 2025 names DANTE FERRARO.
- Who are the officers and directors of INSTITUTE FOUNDATION INC?
- The 990 for the year ended July 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $96,000 (PAUL SCHIFFMAN, VICE PRESIDENT/SECRETARY).
- How much revenue does INSTITUTE FOUNDATION INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $2,903,160, expenses of $2,910,747 and total assets of $1,479,383 at year end.
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