Nonprofit · EIN 20-8963125
PALER FOUNDATION INC
Tax-exempt · WAINSCOTT, NY 11975
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $198,461 | $61,440 | $137,021 | $1,362,745 | $24,008 | $1,338,737 |
| December 31, 2023 | 990-PF | $231,574 | $93,412 | $138,162 | $1,179,926 | $10,500 | $1,169,426 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $40,975
- Interest
- $564
- Net gain from sales of assets
- $155,411
- Other income
- $1,511
Expenses
- Grants and similar amounts paid
- $47,245
- Compensation of officers, directors and key employees
- $10,500
- Disbursements for charitable purposes
- $55,755
- Excise tax on investment income
- $2,665
Balance sheet and other
- Total assets, start of year
- $1,179,926
- Total assets, end of year
- $1,362,745
- Total liabilities, end of year
- $24,008
- Net assets, end of year
- $1,338,737
- Fair market value of assets
- $2,273,098
- Qualifying distributions
- $55,755
- Net investment income
- $196,950
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN M PALER 200 PARK STREET, HAWORTH, NJ 07641 | DIRECTOR | 1 | $3,500 |
| DAVID R PALER 5-11 50TH AVENUE APT 1, LONG ISLAND CITY, NY 11101 | DIRECTOR | 1 | $3,500 |
| MICHAEL H PALER 1 LONGVIEW AVENUE, SAN ANSELMO, CA 94960 | DIRECTOR | 1 | $3,500 |
| IRVING PALER PO BOX 1158, WAINSCOTT, NY 11975 | PRESIDENT | 5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN M PALER 200 PARK STREET, HAWORTH, NJ 07641 | DIRECTOR | 1 | $3,500 |
| DAVID R PALER 5-11 50TH AVENUE APT 1, LONG ISLAND CITY, NY 11101 | DIRECTOR | 1 | $3,500 |
| MICHAEL H PALER 1 LONGVIEW AVENUE, SAN ANSELMO, CA 94960 | DIRECTOR | 1 | $3,500 |
| IRVING PALER PO BOX 1158, WAINSCOTT, NY 11975 | PRESIDENT | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1158, WAINSCOTT, NY 11975-1158
- In care of
- % IRVING H PALER
- Signed the 990-PF
- IRVING PALER, PRESIDENT
- Phone
- (631) 537-2132
- Return prepared by
- EISNER ADVISORY GROUP LLC
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 | Not 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
- 20-8963125
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,362,745
- Income (IRS master file)
- $269,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $198,461 | $61,440 | $1,362,745 | XML |
| 990-PF | December 2023 | $231,574 | $93,412 | $1,179,926 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 20-8963125).
Questions about PALER FOUNDATION INC
- What is the EIN of PALER FOUNDATION INC?
- The employer identification number (EIN) of PALER FOUNDATION INC is 20-8963125.
- Is PALER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to PALER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PALER FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PALER 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 PALER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of PALER FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $3,500 (ALAN M PALER, DIRECTOR).
- How much revenue does PALER FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $198,461, expenses of $61,440 and total assets of $1,362,745 at year end.
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