Nonprofit · EIN 22-2756049
NICHOLAS MARTINI FOUNDATION
Tax-exempt · NEWARK, NJ 07101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $670,633 | $1,138,133 | -$467,500 | $10,839,012 | $13,663 | $10,825,349 |
| December 31, 2023 | 990-PF | $214,379 | $1,214,441 | -$1,000,062 | $11,318,282 | $29,708 | $11,288,574 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $104,692
- Interest
- $127,055
- Net gain from sales of assets
- $382,678
- Other income
- $56,208
Expenses
- Grants and similar amounts paid
- $813,829
- Compensation of officers, directors and key employees
- $28,412
- Disbursements for charitable purposes
- $1,011,959
- Excise tax on investment income
- $8,268
Balance sheet and other
- Total assets, start of year
- $11,318,282
- Total assets, end of year
- $10,839,012
- Total liabilities, end of year
- $13,663
- Net assets, end of year
- $10,825,349
- Fair market value of assets
- $14,979,226
- Qualifying distributions
- $1,011,959
- Net investment income
- $670,633
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 |
|---|---|---|---|
| WILLIAM J MARTINI PO BOX 29 50 WALNUT STREET, NEWARK, NJ 07101 | TRUSTEE/PRESIDENT | 6 | $22,000 |
| GAIL A HANSEN PO BOX 29 50 WALNUT STREET, NEWARK, NJ 07101 | TRUSTEE | 0.5 | $5,412 |
| WILLIAM J MARTINI JR PO BOX 29 50 WALNUT STREET, NEWARK, NJ 07101 | TRUSTEE | 0.5 | $1,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM J MARTINI PO BOX 29 50 WALNUT STREET, NEWARK, NJ 07101 | TRUSTEE/PRESIDENT | 6 | $22,000 |
| GAIL A HANSEN PO BOX 29 50 WALNUT STREET, NEWARK, NJ 07101 | TRUSTEE | 0.5 | $10,000 |
| WILLIAM J MARTINI JR PO BOX 29 50 WALNUT STREET, NEWARK, NJ 07101 | TRUSTEE | 0.5 | $1,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 29, NEWARK, NJ 07101-0029
- Signed the 990-PF
- WILLIAM J MARTINI, PRESIDENT
- Phone
- (973) 645-6340
- Return prepared by
- CITRIN COOPERMAN ADVISORS 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
- 22-2756049
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $10,839,012
- Income (IRS master file)
- $1,855,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $670,633 | $1,138,133 | $10,839,012 | XML |
| 990-PF | December 2023 | $214,379 | $1,214,441 | $11,318,282 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 22-2756049).
Questions about NICHOLAS MARTINI FOUNDATION
- What is the EIN of NICHOLAS MARTINI FOUNDATION?
- The employer identification number (EIN) of NICHOLAS MARTINI FOUNDATION is 22-2756049.
- Is NICHOLAS MARTINI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to NICHOLAS MARTINI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does NICHOLAS MARTINI FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NICHOLAS MARTINI FOUNDATION 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 NICHOLAS MARTINI FOUNDATION 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 NICHOLAS MARTINI FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $22,000 (WILLIAM J MARTINI, TRUSTEE/PRESIDENT).
- How much revenue does NICHOLAS MARTINI FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $670,633, expenses of $1,138,133 and total assets of $10,839,012 at year end.
Other nonprofits in NEWARK
- PRUDENTIAL WELFARE BENEFITS TR EIN 25-6702878 · last filed 990 for 2024
- H&GL WELFARE FUND EIN 22-1481564 · last filed 990 for 2025
- TEAM ACADEMY CHARTER SCHOOL INC EIN 01-0660264 · last filed 990 for 2025
- ESSEX COUNTY COLLEGE EIN 22-1821292 · last filed 990 for 2025
- PRUDENTIAL RETIREE HEALTH BENEFITS TR EIN 20-6075354 · last filed 990 for 2024
- YOUTH CONSULTATION SERVICE INC EIN 22-1487560 · last filed 990 for 2025
- NEW JERSEY PERFORMING ARTS CENTER CORPORATION EIN 22-2889703 · last filed 990 for 2025
- GREAT OAKS CHARTER SCHOOL EIN 45-1260087 · last filed 990 for 2025