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Nonprofit · EIN 26-6140904

TIMOTHY AND MICHELE BARAKETT FOUNDATION

Also known as TIMOTHY R BARAKETT TTEE

Tax-exempt · NEW YORK, NY 10001

Financials

$470K$7.9M2023$6.9M$9.1M2024
Revenue Expenses · by fiscal year end
Financials of TIMOTHY AND MICHELE BARAKETT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$6,877,907$9,133,047-$2,255,140$9,661,775$0$9,661,775
December 31, 2023990-PF$469,559$7,857,191-$7,387,632$11,921,915$5,000$11,916,915
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,214,500
Interest
$90,415
Net gain from sales of assets
$572,350
Other income
$642

Expenses

Grants and similar amounts paid
$8,839,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$8,839,000
Excise tax on investment income
$81,430

Balance sheet and other

Total assets, start of year
$11,921,915
Total assets, end of year
$9,661,775
Total liabilities, end of year
$0
Net assets, end of year
$9,661,775
Fair market value of assets
$25,489,364
Qualifying distributions
$8,839,000
Net investment income
$5,936,907

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.

NameTitleHours / weekCompensation
TIMOTHY BARAKETT
C/O TRB ADVISORS 244 FIFTH AVE, SUITE 2927, NEW YORK, NY 10153
TRUSTEE1$0
MICHELE BARAKETT
C/O TRB ADVISORS 244 FIFTH AVE, SUITE 2927, NEW YORK, NY 10153
TRUSTEE1$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
TIMOTHY BARAKETT
C/O TRB ADVISORS 244 FIFTH AVE, SUITE 2927, NEW YORK, NY 10153
TRUSTEE1$0
MICHELE BARAKETT
C/O TRB ADVISORS 244 FIFTH AVE, SUITE 2927, NEW YORK, NY 10153
TRUSTEE1$0

Address and contacts

Address (IRS master file)
244 FIFTH AVE SUITE 2927, NEW YORK, NY 10001-7604
In care of
% TRB ADVISORS L P
Signed the 990-PF
TIMOTHY BARAKETT, TRUSTEE
Phone
(212) 256-8522
Return prepared by
ANDERSEN TAX LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
26-6140904
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
Assets (IRS master file)
$9,661,775
Income (IRS master file)
$14,118,556

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$6,877,907$9,133,047$9,661,775XML
990-TDecember 2024–––IRS
990-PFDecember 2023$469,559$7,857,191$11,921,915XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 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 26-6140904).

Questions about TIMOTHY AND MICHELE BARAKETT FOUNDATION

What is the EIN of TIMOTHY AND MICHELE BARAKETT FOUNDATION?
The employer identification number (EIN) of TIMOTHY AND MICHELE BARAKETT FOUNDATION is 26-6140904.
Is TIMOTHY AND MICHELE BARAKETT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to TIMOTHY AND MICHELE BARAKETT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does TIMOTHY AND MICHELE BARAKETT FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of TIMOTHY AND MICHELE BARAKETT 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 TIMOTHY AND MICHELE BARAKETT 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 TIMOTHY AND MICHELE BARAKETT FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does TIMOTHY AND MICHELE BARAKETT FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $6,877,907, expenses of $9,133,047 and total assets of $9,661,775 at year end.

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