Nonprofit · EIN 20-4966800
ASHOKAN FOUNDATION INC
Also known as Ashokan Foundation Inc
Tax-exempt · OLIVEBRIDGE, NY 12461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $235,788 | $191,858 | $43,930 | $8,767,019 | $1,238,746 | $7,528,273 |
| December 31, 2023 | 990 (amended) | $367,021 | $236,628 | $130,393 | $8,840,588 | $1,356,245 | $7,484,343 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $55,433
- Program service revenue
- $0
- Investment income
- $113,824
- Net rental income
- $66,531
- Other revenue
- $66,531
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $300
- Depreciation
- $191,308
- Program services (functional)
- $172,672
- Management and general (functional)
- $19,186
Balance sheet and other
- Total assets, start of year
- $8,840,588
- Total assets, end of year
- $8,767,019
- Total liabilities, end of year
- $1,238,746
- Net assets, end of year
- $7,528,273
- Land, buildings and equipment
- $5,971,822
- Publicly traded securities
- $2,732,511
- Net assets without donor restrictions
- $7,257,517
- Net assets with donor restrictions
- $270,756
- Gross receipts
- $235,788
- Employees
- 0
- Year formed
- 2007
- State of legal domicile
- NY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MERENDA SR | Director Trustee or director, Officer | 1 | $0 |
| DAN GOTTFRIED | Treasurer Trustee or director, Officer | 1 | $0 |
| VINNIE MARTUCCI | Director Trustee or director, Officer | 1 | $0 |
| MOLLY MASON | Vice President Trustee or director, Officer | 1 | $0 |
| ROSEMARY NICHOLS | Secretary Trustee or director, Officer | 1 | $0 |
| JAY UNGAR | President Trustee or director, Officer | 35 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MERENDA SR | Director Trustee or director, Officer | 1 | $0 |
| DAN GOTTFRIED | Treasurer Trustee or director, Officer | 1 | $0 |
| VINNIE MARTUCCI | Director Trustee or director, Officer | 1 | $0 |
| MOLLY MASON | Vice President Trustee or director, Officer | 1 | $0 |
| ROSEMARY NICHOLS | Secretary Trustee or director, Officer | 1 | $0 |
| JAY UNGAR | President Trustee or director, Officer | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 477 BEAVERKILL RD, OLIVEBRIDGE, NY 12461-5702
- In care of
- % JAY UNGAR
- Mailing address (990-N for 2007)
- PO Box 49, Saugerties NY 12477
- Principal officer (990-N for 2007)
- Jay Ungar, PO Box 49, Saugerties NY 12477
- Signed the 990
- JAY UNGAR, President & CEO
- Phone
- (845) 657-8333
- Return prepared by
- BERARD & ASSOCIATES CPAS PC
Mission
THE ASHOKAN FOUNDATION,INC.SUPPORTS THE ASHOKAN CENTER INC.,(A RELATED ORGANIZATION), WHICH REPRESENTS PROGRAMS THAT DEVELOP A NEW VISION FOR THE FUTURE COMBINING NATURE, HISTORY, AND THE ARTS.
Program accomplishments
- THE ASHOKAN FOUNDATION, INC. SUPPORTS THE ASHOKAN CENTER INC.,(A RELATED ORGANIZATION), WHICH PRESENTS PROGRAMS THAT DEVELOP A NEW VISION FOR THE FUTURE COMBINING NATURE, HISTORY, AND THE ARTSExpenses $172,672
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4966800
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C30)
- Assets (IRS master file)
- $8,767,019
- Income (IRS master file)
- $235,788
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $235,788 | $191,858 | $8,767,019 | XML |
| 990 | December 2023 | $367,021 | $236,628 | $8,840,588 | XML |
| 990 | December 2022 | $346,148 | $240,805 | $8,693,066 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2007 Officer: Jay Ungar | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-4966800).
Questions about ASHOKAN FOUNDATION INC
- What is the EIN of ASHOKAN FOUNDATION INC?
- The employer identification number (EIN) of ASHOKAN FOUNDATION INC is 20-4966800.
- Is ASHOKAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to ASHOKAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASHOKAN FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASHOKAN FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASHOKAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASHOKAN FOUNDATION INC?
- The 990-N for 2007 names Jay Ungar.
- Who are the officers and directors of ASHOKAN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does ASHOKAN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $235,788, expenses of $191,858 and total assets of $8,767,019 at year end.
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