Nonprofit · EIN 16-1491450
CUTCO FOUNDATION INC
Tax-exempt · OLEAN, NY 14760
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,044,806 | $826,442 | $218,364 | $10,723,554 | $0 | $10,723,554 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $266,475
- Interest
- $20,070
- Net gain from sales of assets
- $735,829
- Other income
- $22,432
Expenses
- Grants and similar amounts paid
- $798,042
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $798,042
- Excise tax on investment income
- $14,128
Balance sheet and other
- Total assets, start of year
- $10,488,659
- Total assets, end of year
- $10,723,554
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,723,554
- Fair market value of assets
- $13,608,979
- Qualifying distributions
- $798,042
- Net investment income
- $1,044,806
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES E STITT 202 WOODVIEW AVE, OLEAN, NY 14760 | PRESIDENT | 1 | $0 |
| JOHN STITT 542 FOUNTAIN STREET, OLEAN, NY 14760 | DIRECTOR | 0.5 | $0 |
| JAMES M STITT 1821 STARDUST LANE, OLEAN, NY 14760 | TREASURER/SECRETARY | 1 | $0 |
| CAROL STITT 202 WOODVIEW AVE, OLEAN, NY 14760 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1116 E STATE ST, OLEAN, NY 14760-3814
- In care of
- % JAMES STITT
- Signed the 990-PF
- JAMES M STITT JR, TREASURER
- Phone
- (716) 372-3111
- Return prepared by
- BUFFAMANTE WHIPPLE BUTTAFARO 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 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 | 990-PF 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
- 16-1491450
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $10,723,554
- Income (IRS master file)
- $1,416,938
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,592,713 | $974,595 | $10,303,830 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 CUTCO FOUNDATION INC
- What is the EIN of CUTCO FOUNDATION INC?
- The employer identification number (EIN) of CUTCO FOUNDATION INC is 16-1491450.
- Is CUTCO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CUTCO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CUTCO FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CUTCO FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CUTCO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CUTCO FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CUTCO FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,044,806, expenses of $826,442 and total assets of $10,723,554 at year end.
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