Nonprofit · EIN 13-3980789
PING Y TAI FOUNDATION INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2024 | 990-PF | $1,090,670 | $1,204,360 | -$113,690 | $19,141,033 | $8,772 | $19,132,261 |
| November 30, 2023 | 990-PF | $2,013,881 | $1,286,919 | $726,962 | $19,279,025 | $33,074 | $19,245,951 |
Financial details: 990-PF for the year ended November 30, 2024
Revenue
- Dividends
- $575,198
- Net gain from sales of assets
- $515,472
Expenses
- Grants and similar amounts paid
- $1,025,000
- Compensation of officers, directors and key employees
- $48,000
- Disbursements for charitable purposes
- $1,031,648
- Excise tax on investment income
- $12,945
Balance sheet and other
- Total assets, start of year
- $19,279,025
- Total assets, end of year
- $19,141,033
- Total liabilities, end of year
- $8,772
- Net assets, end of year
- $19,132,261
- Fair market value of assets
- $23,502,604
- Qualifying distributions
- $1,031,648
- Net investment income
- $1,090,670
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 November 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DUFFALO 125 PARK AVENUE, NEW YORK, NY 10017 | President | 12 | $24,000 |
| KENNETH SHAPIRO 125 PARK AVENUE, NEW YORK, NY 10017 | Treasurer | 5 | $12,000 |
| STEPHANIE FLEISCHER 125 PARK AVENUE, NEW YORK, NY 10017 | Secretary | 5 | $12,000 |
990-PF for the year ended November 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DUFFALO 125 PARK AVENUE, NEW YORK, NY 10017 | President | 12 | $24,000 |
| KENNETH SHAPIRO 125 PARK AVENUE, NEW YORK, NY 10017 | Treasurer | 5 | $12,000 |
| STEPHANIE FLEISCHER 125 PARK AVENUE, NEW YORK, NY 10017 | Secretary | 5 | $12,000 |
Address and contacts
- Address (IRS master file)
- 125 PARK AVENUE 25TH FLOOR, NEW YORK, NY 10017-5550
- In care of
- % SHAPIRO & DUFFALO C P A P C
- Signed the 990-PF
- MICHAEL DUFFALO, President
- Phone
- (212) 752-6353
- Return prepared by
- SHAPIRO & DUFFALO 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 November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | Not on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 13-3980789
- 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
- 1998
- Accounting year ends
- November
- Files
- Form 990-PF
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $19,141,033
- Income (IRS master file)
- $6,597,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2024 | $1,090,670 | $1,204,360 | $19,141,033 | XML |
| 990-PF | November 2023 | $2,013,881 | $1,286,919 | $19,279,025 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | 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 13-3980789).
Questions about PING Y TAI FOUNDATION INC
- What is the EIN of PING Y TAI FOUNDATION INC?
- The employer identification number (EIN) of PING Y TAI FOUNDATION INC is 13-3980789.
- Is PING Y TAI FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to PING Y TAI FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PING Y TAI FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PING Y TAI FOUNDATION INC due?
- The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PING Y TAI FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2024.
- Who are the officers and directors of PING Y TAI FOUNDATION INC?
- The 990-PF for the year ended November 30, 2024 lists 3 people; 3 received compensation from the organization, the highest $24,000 (MICHAEL DUFFALO, President).
- How much revenue does PING Y TAI FOUNDATION INC have?
- On its 990-PF for the year ended November 30, 2024 it reported revenue of $1,090,670, expenses of $1,204,360 and total assets of $19,141,033 at year end.
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