Nonprofit · EIN 22-3208194
JAMES J PALLOTTA CHARITABLE TRUST
Tax-exempt · WESTON, MA 02493
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,022,908 | $1,956,234 | $66,674 | $5,852,290 | $0 | $5,852,290 |
| December 31, 2023 | 990-PF | $91,336 | $2,158,802 | -$2,067,466 | $6,259,938 | $0 | $6,259,938 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,554,815
- Dividends
- $30,932
- Interest
- $17,684
- Net gain from sales of assets
- $470,107
- Other income
- -$50,630
Expenses
- Grants and similar amounts paid
- $1,880,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,889,708
- Excise tax on investment income
- $6,351
Balance sheet and other
- Total assets, start of year
- $6,259,938
- Total assets, end of year
- $5,852,290
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,852,290
- Fair market value of assets
- $5,852,290
- Qualifying distributions
- $1,889,708
- Net investment income
- $518,445
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 |
|---|---|---|---|
| JAMES J PALLOTTA 2068 NORTH BAY ROAD, MIAMI BEACH, FL 33140 | TRUSTEE | 0 | $0 |
| KIMBERLY S PALLOTTA 2068 NORTH BAY ROAD, MIAMI BEACH, FL 33140 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES J PALLOTTA 2068 NORTH BAY ROAD, MIAMI BEACH, FL 33140 | TRUSTEE | 1 | $0 |
| KIMBERLY S PALLOTTA 2068 NORTH BAY ROAD, MIAMI BEACH, FL 33140 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O LARRY LESTER 180 ASH STREET, WESTON, MA 02493-0000
- In care of
- % LARRY LESTER
- Signed the 990-PF
- JAMES PALLOTTA, TRUSTEE
- Phone
- (781) 647-8160
- Return prepared by
- ERNST & YOUNG US 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 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
- 22-3208194
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $5,852,290
- Income (IRS master file)
- $4,773,124
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,022,908 | $1,956,234 | $5,852,290 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $91,336 | $2,158,802 | $6,259,938 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 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 22-3208194).
Questions about JAMES J PALLOTTA CHARITABLE TRUST
- What is the EIN of JAMES J PALLOTTA CHARITABLE TRUST?
- The employer identification number (EIN) of JAMES J PALLOTTA CHARITABLE TRUST is 22-3208194.
- Is JAMES J PALLOTTA CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to JAMES J PALLOTTA CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JAMES J PALLOTTA CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JAMES J PALLOTTA CHARITABLE TRUST 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 JAMES J PALLOTTA CHARITABLE TRUST 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 JAMES J PALLOTTA CHARITABLE TRUST?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does JAMES J PALLOTTA CHARITABLE TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,022,908, expenses of $1,956,234 and total assets of $5,852,290 at year end.
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