Nonprofit · EIN 26-1553720
SAM AND MARY PALUMBO FAMILY FOUNDATION
Tax-exempt · HILLSIDE, IL 60162
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $590,177 | $524,405 | $65,772 | $3,842,522 | $0 | $3,842,522 |
| December 31, 2023 | 990-PF | $903,469 | $359,462 | $544,007 | $3,710,430 | $0 | $3,710,430 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $398,558
- Dividends
- $788
- Interest
- $190,831
Expenses
- Grants and similar amounts paid
- $461,987
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $473,074
- Excise tax on investment income
- $2,821
Balance sheet and other
- Total assets, start of year
- $3,710,430
- Total assets, end of year
- $3,842,522
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,842,522
- Fair market value of assets
- $3,842,522
- Qualifying distributions
- $473,074
- Net investment income
- $222,879
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 |
|---|---|---|---|
| DONALD ALEO 321 CENTER STREET, HILLSIDE, IL 60162 | VICE PRESIDENT | 1 | $0 |
| ELIZABETH PALUMBO PIERCE 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| GABRIELLA PALUMBO 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| GEORGE TRIMARCO 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| JESSICA PALUMBO CHRISTENSEN 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| KAITLYN PALUMBO GANDY 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| MARY PALUMBO 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| MICHAEL PIERCE 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| PAM KALAFUT 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| PAUL LONGI 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| RYAN CHRISTENSEN 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| SAMANTHA PALUMBO TROPEANO 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD ALEO 321 CENTER STREET, HILLSIDE, IL 60162 | VICE PRESIDENT | 1 | $0 |
| JESSICA PALUMBO Christensen 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| KAITLYN PALUMBO Gandy 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| MARY PALUMBO 321 CENTER STREET, HILLSIDE, IL 60162 | PRESIDENT | 1 | $0 |
| PAUL LONGI 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| SAMANTHA PALUMBO Tropeano 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| Elizabeth PALUMBO Pierce 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| Gabriella PALUMBO 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| George Trimarco 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| Ryan Christensen 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| Pam Kalafut 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
| Michael Pierce 321 CENTER STREET, HILLSIDE, IL 60162 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 321 CENTER ST, HILLSIDE, IL 60162-1814
- In care of
- % JEFFREY NARCISI
- Signed the 990-PF
- JEFFREY NARCISI, TREASURER
- Phone
- (708) 544-9440
- Website
- PALUMBOFOUNDATION.ORG
- Return prepared by
- CROWE 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
- 26-1553720
- 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 (T22)
- Assets (IRS master file)
- $3,842,522
- Income (IRS master file)
- $590,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $590,177 | $524,405 | $3,842,522 | XML |
| 990-PF | December 2023 | $903,469 | $359,462 | $3,710,430 | 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 26-1553720).
Questions about SAM AND MARY PALUMBO FAMILY FOUNDATION
- What is the EIN of SAM AND MARY PALUMBO FAMILY FOUNDATION?
- The employer identification number (EIN) of SAM AND MARY PALUMBO FAMILY FOUNDATION is 26-1553720.
- Is SAM AND MARY PALUMBO FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to SAM AND MARY PALUMBO FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SAM AND MARY PALUMBO FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SAM AND MARY PALUMBO 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 SAM AND MARY PALUMBO 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 SAM AND MARY PALUMBO FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does SAM AND MARY PALUMBO FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $590,177, expenses of $524,405 and total assets of $3,842,522 at year end.
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