Nonprofit · EIN 27-0067456
FORSGATE FOUNDATION INC
Tax-exempt · MONROE TWP, NJ 08831
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $127,579 | $123,970 | $3,609 | $10,730 | $7,409 | $3,321 |
| December 31, 2023 | 990-EZ | $136,114 | $132,799 | $3,315 | $25,434 | $25,838 | -$404 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $150,016
- Net income from fundraising events
- -$22,437
Expenses
- Grants and similar amounts paid
- $121,378
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,527
- Other expenses
- $65
- Program services (functional)
- $121,378
Balance sheet and other
- Total assets, start of year
- $25,434
- Total assets, end of year
- $10,730
- Total liabilities, end of year
- $7,409
- Net assets, end of year
- $3,321
- Cash, savings and investments
- $10,730
- Gross receipts
- $191,132
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER SCHIAVONE | CHAIRMAN & TRUSTEE | 7.5 | $0 |
| RONALD A SCHIAVONE | EXECUTIVE DIR. & TRUSTEE | 7.5 | $0 |
| LEMIA MARINELLI | TREASURER & TRUSTEE | 7.5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER SCHIAVONE | CHAIRMAN & TRUSTEE | 7.5 | $0 |
| RONALD A SCHIAVONE | EXECUTIVE DIR. & TRUSTEE | 7.5 | $0 |
| LEMIA MARINELLI | TREASURER & TRUSTEE | 7.5 | $0 |
Address and contacts
- Address (IRS master file)
- 375 FORSGATE DR, MONROE TWP, NJ 08831-1560
- In care of
- % DAVID WASENDA
- Signed the 990-EZ
- LEMIA MARINELLI, TREASURER
- Phone
- (732) 656-8944
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE FOUNDATION WAS FORMED EXCLUSIVELY TO RECEIVE AND ADMINISTER FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES. THE FOUNDATION SPONSORS SPECIAL EVENTS TO SUPPORT LOCAL NOT-FOR-PROFIT CHARITIES.
Program accomplishments
- PROCEEDS FROM THE SPECIAL EVENTS ARE USED TO SUPPORT LOCAL NOT-FOR-PROFIT CHARITIES IN SUPPORT OF THEIR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES.Expenses $121,378 · grants $121,378
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-0067456
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $10,730
- Income (IRS master file)
- $191,132
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $127,579 | $123,970 | $10,730 | XML |
| 990-EZ | December 2023 | $136,114 | $132,799 | $25,434 | XML |
| 990 | December 2022 | $229,926 | $218,696 | $23,576 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 27-0067456).
Questions about FORSGATE FOUNDATION INC
- What is the EIN of FORSGATE FOUNDATION INC?
- The employer identification number (EIN) of FORSGATE FOUNDATION INC is 27-0067456.
- Is FORSGATE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to FORSGATE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORSGATE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORSGATE FOUNDATION INC 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 FORSGATE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of FORSGATE FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FORSGATE FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $127,579, expenses of $123,970 and total assets of $10,730 at year end.
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