Nonprofit · EIN 22-3342427
SHAFTEL FAMILY FOUNDATION INC
Tax-exempt · MORRISTOWN, NJ 07960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $637,310 | $266,676 | $370,634 | $1,105,130 | $0 | $1,105,130 |
| July 31, 2024 | 990-PF | $635,947 | $277,760 | $358,187 | $1,080,630 | $346,134 | $734,496 |
| July 31, 2023 | 990-PF | -$37,083 | $180,694 | -$217,777 | $693,288 | $316,979 | $376,309 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $5,368
- Interest
- $420
- Net gain from sales of assets
- $631,522
Expenses
- Grants and similar amounts paid
- $259,475
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $259,675
- Excise tax on investment income
- $8,859
Balance sheet and other
- Total assets, start of year
- $1,080,630
- Total assets, end of year
- $1,105,130
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,105,130
- Fair market value of assets
- $1,425,689
- Qualifying distributions
- $259,675
- Net investment income
- $637,310
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEL SHAFTEL 320 HEADQUARTERS PLAZA EAST TOWER, MORRISTOWN, NJ 07960 | President/Treasurer/Director | 1 | $0 |
| PAMELA SHAFTEL 320 HEADQUARTERS PLAZA EAST TOWER, MORRISTOWN, NJ 07960 | VP/Secretary/Director | 1 | $0 |
| LAUREN SHAFTEL WILLIAMS 320 HEADQUARTERS PLAZA EAST TOWER, MORRISTOWN, NJ 07960 | DIRECTOR | 1 | $0 |
990-PF for the year ended July 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEL SHAFTEL 320 HEADQUARTERS PLAZA EAST TOWER, MORRISTOWN, NJ 07960 | PRES & TREASURER | 1 | $0 |
| PAMELA SHAFTEL 320 HEADQUARTERS PLAZA EAST TOWER, MORRISTOWN, NJ 07960 | VP & SECRETARY | 1 | $0 |
| LAUREN SHAFTEL WILLIAMS 320 HEADQUARTERS PLAZA EAST TOWER, MORRISTOWN, NJ 07960 | DIRECTOR | 1 | $0 |
990-PF for the year ended July 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEL SHAFTEL C/O THE AYCO CO LP PO BOX 15201, ALBANY, NY 122125201 | PRES & TREASURER | 1 | $0 |
| PAMELA SHAFTEL C/O THE AYCO CO LP PO BOX 15201, ALBANY, NY 122125201 | VP & SECRETARY | 1 | $0 |
| LAUREN SHAFTEL WILLIAMS C/O THE AYCO CO LP PO BOX 15201, ALBANY, NY 122125201 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 320 HEADQUARTERS PLZ, MORRISTOWN, NJ 07960-6895
- In care of
- % GS WEALTH SERVICES LP
- Signed the 990-PF
- MEL SHAFTEL, PRESIDENT
- Phone
- (212) 894-0220
- 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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 22-3342427
- 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
- 1996
- Accounting year ends
- July
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $1,105,130
- Income (IRS master file)
- $1,305,269
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $637,310 | $266,676 | $1,105,130 | XML |
| 990-PF | July 2024 | $635,947 | $277,760 | $1,080,630 | XML |
| 990-PF | July 2023 | -$37,083 | $180,694 | $693,288 | XML |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
| 990-PF | July 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 22-3342427).
Questions about SHAFTEL FAMILY FOUNDATION INC
- What is the EIN of SHAFTEL FAMILY FOUNDATION INC?
- The employer identification number (EIN) of SHAFTEL FAMILY FOUNDATION INC is 22-3342427.
- Is SHAFTEL FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to SHAFTEL FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SHAFTEL FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHAFTEL FAMILY FOUNDATION INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHAFTEL FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of SHAFTEL FAMILY FOUNDATION INC?
- The 990-PF for the year ended July 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SHAFTEL FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $637,310, expenses of $266,676 and total assets of $1,105,130 at year end.
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