Nonprofit · EIN 16-1385716
MARKS FAMILY FOUNDATION
Tax-exempt · BUFFALO, NY 14222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $243,140 | $213,259 | $29,881 | $1,308,533 | $0 | $1,308,533 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $47,832
- Interest
- $57
- Net gain from sales of assets
- $194,451
- Other income
- $800
Expenses
- Grants and similar amounts paid
- $178,599
- Compensation of officers, directors and key employees
- $3,000
- Disbursements for charitable purposes
- $188,939
- Excise tax on investment income
- $3,030
Balance sheet and other
- Total assets, start of year
- $1,278,652
- Total assets, end of year
- $1,308,533
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,308,533
- Fair market value of assets
- $2,968,712
- Qualifying distributions
- $188,939
- Net investment income
- $242,340
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THEODORE E MARKS 108 LEXINGTON AVE, BUFFALO, NY 14222 | TRUSTEE | 0.5 | $1,000 |
| JOSHUA R MARKS 136 WINTHROP ST 1, BROOKLYN, NY 11225 | TRUSTEE | 0.5 | $1,000 |
| HEATHER PALMER 157 WOOD FARM RD, WATERBURY CENTER, VT 05677 | TRUSTEE | 0.5 | $1,000 |
| SALLY MARKS 6 LACOSTA WAY, PALM BEACH, FL 33480 | TRUSTEE | 0.5 | $0 |
| WENDELYN W DUQUETTE 41 BALSAM LN, WATERBURY CENTER, VT 05677 | TRUSTEE | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 108 LEXINGTON AVE, BUFFALO, NY 14222-1810
- In care of
- % TED MARKS TTEE
- Signed the 990-PF
- THEODORE E MARKS, TRUSTEE
- Phone
- (716) 877-1618
- Return prepared by
- LUMSDEN & MCCORMICK 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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 16-1385716
- 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
- 1991
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,308,533
- Income (IRS master file)
- $416,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | $59,333 | $159,343 | $1,278,652 | IRS |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MARKS FAMILY FOUNDATION
- What is the EIN of MARKS FAMILY FOUNDATION?
- The employer identification number (EIN) of MARKS FAMILY FOUNDATION is 16-1385716.
- Is MARKS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to MARKS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARKS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARKS FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARKS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of MARKS FAMILY FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 5 people; 3 received compensation from the organization, the highest $1,000 (THEODORE E MARKS, TRUSTEE).
- How much revenue does MARKS FAMILY FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $243,140, expenses of $213,259 and total assets of $1,308,533 at year end.
Other nonprofits in BUFFALO
- KALEIDA HEALTH EIN 16-1533232 · last filed 990 for 2024
- INDEPENDENT HEALTH ASSOCIATION INC EIN 16-1080163 · last filed 990 for 2024
- MERCY HOSPITAL OF BUFFALO EIN 16-0756336 · last filed 990 for 2024
- SISTERS OF CHARITY HOSPITAL OF BUFFALO NEW YORK EIN 16-0743187 · last filed 990 for 2024
- KENMORE MERCY HOSPITAL EIN 16-0762843 · last filed 990 for 2024
- CATHOLIC HEALTH SYSTEM INC EIN 22-2565278 · last filed 990 for 2024
- MOUNT ST MARYS HOSPITAL OF NIAGARA FALLS EIN 16-1523353 · last filed 990 for 2024
- UNIVERSITY AT BUFFALO FOUNDATION INC EIN 16-0865182 · last filed 990 for 2025