Nonprofit · EIN 26-1318367
JOSEPH VALENTI JR FAMILY FOUNDATION
Tax-exempt · GLENVIEW, IL 60025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $20,077 | $37,965 | -$17,888 | $492,666 | $0 | $492,666 |
| December 31, 2023 | 990-PF | $3,318 | $10,814 | -$7,496 | $510,556 | $2 | $510,554 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $15,400
- Interest
- $4
- Net gain from sales of assets
- $4,673
Expenses
- Grants and similar amounts paid
- $30,418
- Disbursements for charitable purposes
- $31,058
- Excise tax on investment income
- $183
Balance sheet and other
- Total assets, start of year
- $510,556
- Total assets, end of year
- $492,666
- Total liabilities, end of year
- $0
- Net assets, end of year
- $492,666
- Fair market value of assets
- $475,534
- Qualifying distributions
- $31,058
- Net investment income
- $20,077
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 |
|---|---|---|---|
| JOSEPH E VALENTI JR 12010 NORTH LAKE DR, BOYNTOWN BEACH, FL 33436 | President | 2 | $0 |
| JILL L VALENTI 12010 NORTH LAKE DR, BOYNTOWN BEACH, FL 33436 | Treasurer | 1 | $0 |
| KATE VALENTI 1115 GOLFVIEW LANE, GLENVIEW, IL 60025 | Director | 0.5 | $0 |
| DANIEL VALENTI 1115 GOLFVIEW LANE, GLENVIEW, IL 60025 | Director | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH E VALENTI JR 120 OCEAN BOULEVARD UNIT A-1, DELRAY BEACH, FL 33483 | President | 2 | $0 |
| JILL L VALENTI 120 OCEAN BOULEVARD UNIT A-1, DELRAY BEACH, FL 33483 | Treasurer | 1 | $0 |
| KATE VALENTI 1115 GOLFVIEW LANE, GLENVIEW, IL 60025 | Director | 0.5 | $0 |
| DANIEL VALENTI 1115 GOLFVIEW LANE, GLENVIEW, IL 60025 | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1115 GOLFVIEW LN, GLENVIEW, IL 60025-3176
- In care of
- % JOSEPH E VALENTI JR
- Signed the 990-PF
- JOSEPH E VALENTI JR, President
- Phone
- (847) 209-3100
- Return prepared by
- Kobialka Law Offices
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
- 26-1318367
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T200)
- Assets (IRS master file)
- $492,666
- Income (IRS master file)
- $216,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $20,077 | $37,965 | $492,666 | XML |
| 990-PF | December 2023 | $3,318 | $10,814 | $510,556 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 26-1318367).
Questions about JOSEPH VALENTI JR FAMILY FOUNDATION
- What is the EIN of JOSEPH VALENTI JR FAMILY FOUNDATION?
- The employer identification number (EIN) of JOSEPH VALENTI JR FAMILY FOUNDATION is 26-1318367.
- Is JOSEPH VALENTI JR FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to JOSEPH VALENTI JR FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOSEPH VALENTI JR FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOSEPH VALENTI JR FAMILY 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 JOSEPH VALENTI JR FAMILY 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 JOSEPH VALENTI JR FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does JOSEPH VALENTI JR FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $20,077, expenses of $37,965 and total assets of $492,666 at year end.
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