Nonprofit · EIN 23-7028051
THE MORRIS I FRANCO FOUNDATION INC
Tax-exempt · RAHWAY, NJ 07065
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $87,510 | $18,883 | $68,627 | $1,461,802 | $0 | $1,461,802 |
| June 30, 2024 | 990-PF | $79,447 | $15,157 | $64,290 | $1,396,688 | $0 | $1,396,688 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $67,106
- Interest
- $14,189
- Net gain from sales of assets
- $6,215
Expenses
- Grants and similar amounts paid
- $18,791
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $18,791
- Excise tax on investment income
- $1,215
Balance sheet and other
- Total assets, start of year
- $1,396,688
- Total assets, end of year
- $1,461,802
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,461,802
- Fair market value of assets
- $1,622,855
- Qualifying distributions
- $18,791
- Net investment income
- $87,510
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISAAC M FRANCO 9111 SURFSIDE AVENUE APT N622, SURFSIDE, FL 33154 | V/P, TREASURER | 2 | $0 |
| AUDREY ADJMI 966 E 9 STREET, Brooklyn, NY 11230 | SECRETARY | 2 | $0 |
990-PF for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISAAC M FRANCO 9111 SURFSIDE AVENUE APT N622, SURFSIDE, FL 33154 | V/P, TREASURER | 2 | $0 |
| AUDREY ADJMI 966 E 9 STREET, Brooklyn, NY 11230 | SECRETARY | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1299 MAIN ST, RAHWAY, NJ 07065-5224
- Signed the 990-PF
- Carol Franco, TRUSTEE
- Phone
- (732) 574-9000
- Return prepared by
- SDI Technologies Inc
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7028051
- 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
- 1969
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,461,802
- Income (IRS master file)
- $257,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $87,510 | $18,883 | $1,461,802 | IRS |
| 990-PF | June 2024 | $79,447 | $15,157 | $1,396,688 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | 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 23-7028051).
Questions about THE MORRIS I FRANCO FOUNDATION INC
- What is the EIN of THE MORRIS I FRANCO FOUNDATION INC?
- The employer identification number (EIN) of THE MORRIS I FRANCO FOUNDATION INC is 23-7028051.
- Is THE MORRIS I FRANCO FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to THE MORRIS I FRANCO FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE MORRIS I FRANCO FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE MORRIS I FRANCO FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MORRIS I FRANCO FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of THE MORRIS I FRANCO FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does THE MORRIS I FRANCO FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $87,510, expenses of $18,883 and total assets of $1,461,802 at year end.
Other nonprofits in RAHWAY
- MERCK PATIENT ASSISTANCE PROGRAM INC EIN 01-0575520 · last filed 990-PF for 2024
- MERCK COMPANY FOUNDATION EIN 22-6028476 · last filed 990-PF for 2025
- MESORAH HERITAGE FOUNDATION EIN 11-2981112 · last filed 990 for 2025
- TIA CHARITABLE TR EIN 47-6743238 · last filed 990-PF for 2025
- ECYC INC EIN 22-3340530 · last filed 990 for 2024
- GOLDEN AGE TOWERS INC EIN 22-3538211 · last filed 990 for 2025
- UNITED WAY OF GREATER UNION COUNTY INC EIN 22-1904427 · last filed 990 for 2025
- COMMUNITY COORDINATED CHILD CARE OF UNION COUNTY INC EIN 22-2101241 · last filed 990 for 2025