Nonprofit · EIN 16-6034186
DESPIRT FOUNDATION INC
Tax-exempt · BUFFALO, NY 14222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990-PF | $9,068 | $13,088 | -$4,020 | $29,122 | $1,600 | $27,522 |
| November 30, 2024 | 990-PF | $6,699 | $9,640 | -$2,941 | $33,142 | $1,600 | $31,542 |
| November 30, 2023 | 990-PF | $6,226 | $8,815 | -$2,589 | $36,083 | $1,600 | $34,483 |
Financial details: 990-PF for the year ended November 30, 2025
Revenue
- Contributions, gifts and grants
- $1,000
- Dividends
- $1,042
- Net gain from sales of assets
- $7,026
Expenses
- Grants and similar amounts paid
- $7,270
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $7,270
- Excise tax on investment income
- $97
Balance sheet and other
- Total assets, start of year
- $33,142
- Total assets, end of year
- $29,122
- Total liabilities, end of year
- $1,600
- Net assets, end of year
- $27,522
- Fair market value of assets
- $155,524
- Qualifying distributions
- $7,270
- Net investment income
- $8,068
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE O HEFFERNAN 104 LEXINGTON AVENUE, BUFFALO, NY 14222 | DIRECTOR | 1 | $0 |
| WILLIAM BUSGAGLIA 104 LEXINGTON AVENUE, BUFFALO, NY 14222 | DIRECTOR | 1 | $0 |
| PETER M HEFFERNAN 104 LEXINGTON AVENUE, BUFFALO, NY 14222 | DIRECTOR | 1 | $0 |
990-PF for the year ended November 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE O HEFFERNAN 1085 EAST DELAVAN AVENUE, BUFFALO, NY 14215 | DIRECTOR | 1 | $0 |
| WILLIAM BUSGAGLIA 1085 EAST DELAVAN AVENUE, BUFFALO, NY 14215 | DIRECTOR | 1 | $0 |
| PETER M HEFFERNAN 1085 EAST DELAVAN AVENUE, BUFFALO, NY 14215 | DIRECTOR | 1 | $0 |
990-PF for the year ended November 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE O HEFFERNAN 1085 EAST DELAVAN AVENUE, BUFFALO, NY 14215 | DIRECTOR | 1 | $0 |
| WILLIAM BUSGAGLIA 1085 EAST DELAVAN AVENUE, BUFFALO, NY 14215 | DIRECTOR | 1 | $0 |
| PETER M HEFFERNAN 1085 EAST DELAVAN AVENUE, BUFFALO, NY 14215 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 104 LEXINGTON AVE, BUFFALO, NY 14222-1810
- Signed the 990-PF
- WILLIAM BUSCAGLIA, CHIEF FINANCIAL OFFICER
- Phone
- (716) 892-5294
- Return prepared by
- LVBW 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 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 | 990-PF 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
- 16-6034186
- 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
- 1963
- Accounting year ends
- November
- Files
- Form 990-PF
- Assets (IRS master file)
- $29,122
- Income (IRS master file)
- $12,461
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2025 | $9,068 | $13,088 | $29,122 | XML |
| 990-PF | November 2024 | $6,699 | $9,640 | $33,142 | XML |
| 990-PF | November 2023 | $6,226 | $8,815 | $36,083 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
| 990-PF | November 2018 | – | – | – | 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 16-6034186).
Questions about DESPIRT FOUNDATION INC
- What is the EIN of DESPIRT FOUNDATION INC?
- The employer identification number (EIN) of DESPIRT FOUNDATION INC is 16-6034186.
- Is DESPIRT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to DESPIRT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DESPIRT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DESPIRT FOUNDATION INC due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESPIRT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2025.
- Who are the officers and directors of DESPIRT FOUNDATION INC?
- The 990-PF for the year ended November 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does DESPIRT FOUNDATION INC have?
- On its 990-PF for the year ended November 30, 2025 it reported revenue of $9,068, expenses of $13,088 and total assets of $29,122 at year end.
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