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Nonprofit · EIN 16-1559984

GUIDO AND ELLEN PALMA FOUNDATION INC

Tax-exempt · ROCHESTER, NY 14604

Financials

$107K$228K2023$90K$273K2024
Revenue Expenses · by fiscal year end
Financials of GUIDO AND ELLEN PALMA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990-PF$90,220$272,999-$182,779$1,023,970$0$1,023,970
September 30, 2024990-PF$106,779$227,681-$120,902$1,206,749$0$1,206,749
Financial details: 990-PF for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$52,413
Dividends
$27,518
Interest
$1,433
Net gain from sales of assets
$8,856

Expenses

Grants and similar amounts paid
$256,193
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$260,243
Excise tax on investment income
$348

Balance sheet and other

Total assets, start of year
$1,206,749
Total assets, end of year
$1,023,970
Total liabilities, end of year
$0
Net assets, end of year
$1,023,970
Fair market value of assets
$2,175,350
Qualifying distributions
$260,243
Net investment income
$37,807

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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
ROGER P PALMA
130 EAST AVENUE 540, ROCHESTER, NY 14604
PRESIDENT/TREASURER/DIRECTOR1$0
KIMBERLY L PALMA
130 EAST AVENUE 540, ROCHESTER, NY 14604
VICE PRESIDENT/SECY/DIRECTOR1$0
RICHARD MAGERE
130 NOB HILL DRIVE, ROCHESTER, NY 14617
DIRECTOR0.5$0
DELANEY PALMA
34 S GOODMAN STREET 109, ROCHESTER, NY 14607
DIRECTOR0.5$0
990-PF for the year ended September 30, 2024: 3 people
NameTitleHours / weekCompensation
ROGER P PALMA
130 EAST AVENUE 540, ROCHESTER, NY 14604
PRESIDENT/TREASURER/DIRECTOR1$0
KIMBERLY L PALMA
130 EAST AVENUE 540, ROCHESTER, NY 14604
VICE PRESIDENT/SECY/DIRECTOR1$0
RICHARD MAGERE
130 NOB HILL DRIVE, ROCHESTER, NY 14617
DIRECTOR0.5$0

Address and contacts

Address (IRS master file)
130 EAST AVE STE 540, ROCHESTER, NY 14604-2564
In care of
% ROGER P PALMA
Signed the 990-PF
ROGER P PALMA, PRES./TREASURER
Phone
(585) 314-3262
Return prepared by
NIXON PEABODY 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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990-PF on file
2023September 30, 2024February 18, 2025990-PF on file

IRS record

EIN
16-1559984
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
1999
Accounting year ends
September
Files
Form 990-PF
Assets (IRS master file)
$1,023,970
Income (IRS master file)
$99,159

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFSeptember 2025$90,220$272,999$1,023,970XML
990-PFSeptember 2024$106,779$227,681$1,206,749XML
990-PFSeptember 2023–––IRS
990-PFSeptember 2022–––IRS
990-PFSeptember 2021–––IRS
990-PFSeptember 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 16-1559984).

Questions about GUIDO AND ELLEN PALMA FOUNDATION INC

What is the EIN of GUIDO AND ELLEN PALMA FOUNDATION INC?
The employer identification number (EIN) of GUIDO AND ELLEN PALMA FOUNDATION INC is 16-1559984.
Is GUIDO AND ELLEN PALMA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to GUIDO AND ELLEN PALMA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GUIDO AND ELLEN PALMA FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of GUIDO AND ELLEN PALMA FOUNDATION INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GUIDO AND ELLEN PALMA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended September 2025.
Who are the officers and directors of GUIDO AND ELLEN PALMA FOUNDATION INC?
The 990-PF for the year ended September 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does GUIDO AND ELLEN PALMA FOUNDATION INC have?
On its 990-PF for the year ended September 30, 2025 it reported revenue of $90,220, expenses of $272,999 and total assets of $1,023,970 at year end.

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