Nonprofit · EIN 30-0308972
AMERICAN SAVINGS FOUNDATION INC
Tax-exempt · NEW BRITAIN, CT 06051
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $5,503,063 | $4,863,270 | $639,793 | $107,026,808 | $0 | $107,026,808 |
| December 31, 2024 | 990-PF | $5,216,616 | $4,496,339 | $720,277 | $98,115,541 | $0 | $98,115,541 |
| December 31, 2023 | 990-PF | $1,767,116 | $4,449,928 | -$2,682,812 | $91,386,201 | $0 | $91,386,201 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $985,713
- Interest
- $126,297
- Net gain from sales of assets
- $4,384,976
- Other income
- $6,077
Expenses
- Grants and similar amounts paid
- $3,365,284
- Compensation of officers, directors and key employees
- $264,500
- Salaries, compensation and benefits (total)
- $434,878
- Disbursements for charitable purposes
- $4,608,841
- Excise tax on investment income
- $159,919
Balance sheet and other
- Total assets, start of year
- $98,115,541
- Total assets, end of year
- $107,026,808
- Total liabilities, end of year
- $0
- Net assets, end of year
- $107,026,808
- Fair market value of assets
- $107,026,808
- Qualifying distributions
- $4,620,334
- Net investment income
- $11,989,359
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIA A FALVO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | PRESIDENT AND CEO | 40 | $264,500 | $47,860 |
| MARIA SANCHEZ ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR OF GRANTMAK Highest-paid employee | 40 | $176,450 | $19,328 |
| HEATHER HOKUNSON ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | SENIOR PROGRAM OFFIC Highest-paid employee | 40 | $100,570 | $12,331 |
| NOREEN CANNAMELA ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | OPERATIONS MANAGER Highest-paid employee | 40 | $60,582 | $6,972 |
| CHARLES J BOULIER III ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, CHAIR | 4 | $0 | $0 |
| LAURENCE A TANNER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, VICE CHAIR | 3 | $0 | $0 |
| SHERI C PASQUALONI ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, SECRETARY | 3 | $0 | $0 |
| DAVID DAVISON ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, TREASURER | 3 | $0 | $0 |
| CAITLYN BEE ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, ASSISTANT SECRETARY | 2 | $0 | $0 |
| PAULA GILBERTO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, ASSISTANT TREASURER | 2 | $0 | $0 |
| MICHAEL CARRIER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| JAMES JONES ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| MELVIN J KELLEY IV ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| JOHN MILLER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| LOAN NGUYEN ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE NOE ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 |
| JAMES O'ROURKE ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 |
| CHRISTOPHER PORCHER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 |
| JOYCED RIBEIRO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 |
| ARTILA TASHO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIA A FALVO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | PRESIDENT AND CEO | 40 | $254,100 | $48,649 |
| MARIA SANCHEZ ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR OF GRANTMAK Highest-paid employee | 40 | $175,168 | $19,382 |
| HEATHER HOKUNSON ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | SENIOR PROGRAM OFFIC Highest-paid employee | 40 | $87,455 | $7,916 |
| JENNIFER E COWAN ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | PROGRAM OFFICER-GRAN Highest-paid employee | 40 | $57,535 | $5,421 |
| NOREEN CANNAMELA ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | OPERATIONS MANAGER Highest-paid employee | 40 | $55,692 | $6,383 |
| CHARLES J BOULIER III ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, CHAIR | 4 | $0 | $0 |
| LAURENCE A TANNER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, VICE CHAIR | 3 | $0 | $0 |
| SHERI C PASQUALONI ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, SECRETARY | 3 | $0 | $0 |
| DAVID DAVISON ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, TREASURER | 3 | $0 | $0 |
| CAITLYN BEE ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, ASSISTANT SECRETARY | 2 | $0 | $0 |
| PAULA GILBERTO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, ASSISTANT TREASURER | 2 | $0 | $0 |
| MICHAEL CARRIER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| JAMES JONES ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| MELVIN J KELLEY IV ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR (BEGAN 6/20/2024) | 2 | $0 | $0 |
| JOHN MILLER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| LOAN NGUYEN ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| BRUCE NOE ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| JAMES O'ROURKE ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR (BEGAN 6/20/2024) | 2 | $0 | $0 |
| CHRISTOPHER PORCHER ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR (BEGAN 6/20/2024) | 2 | $0 | $0 |
| JOYCED RIBEIRO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR (BEGAN 6/20/2024) | 2 | $0 | $0 |
| ARTILA TASHO ONE LIBERTY SQUARE FIRST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
990-PF for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIA A FALVO ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | PRESIDENT AND CEO | 40 | $235,757 | $39,091 |
| MARIA SANCHEZ ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR OF GRANTMAK Highest-paid employee | 40 | $161,581 | $18,315 |
| HEATHER HOKUNSON ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | SENIOR PROGRAM OFFIC Highest-paid employee | 40 | $75,719 | $6,927 |
| JENNIFER E COWAN ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | PROGRAM OFFICER-GRAN Highest-paid employee | 40 | $53,768 | $5,103 |
| NOREEN CANNAMELA ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512638 | OPERATIONS MANAGER Highest-paid employee | 40 | $50,400 | $5,997 |
| CHARLES J BOULIER III ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, CHAIR | 4 | $0 | $0 |
| LAURENCE A TANNER ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, VICE CHAIR | 3 | $0 | $0 |
| SHERI C PASQUALONI ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, SECRETARY | 3 | $0 | $0 |
| DAVID DAVISON ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, TREASURER | 3 | $0 | $0 |
| CAITLYN BEE ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, ASSISTANT SECRETARY | 2 | $0 | $0 |
| PAULA GILBERTO ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR, ASSISTANT TREASURER | 2 | $0 | $0 |
| MICHAEL CARRIER ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| CARL R CICCHETTI ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR (THRU 10/10/2023) | 2 | $0 | $0 |
| JAMES JONES ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| JAMES W LITTLE ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR (THRU 06/22/2023) | 2 | $0 | $0 |
| ARTILA LUBONJA ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| JOHN MILLER ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| LOAN NGUYEN ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
| BRUCE NOE ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 060512637 | DIRECTOR | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- ONE LIBERTY SQUARE 1ST FLOOR, NEW BRITAIN, CT 06051-2637
- In care of
- % DAVID DAVISON
- Signed the 990-PF
- MARIA A FALVO, PRESIDENT
- Phone
- (860) 827-2556
- Website
- WWW.ASFDN.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF 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
- 30-0308972
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $107,026,808
- Income (IRS master file)
- $14,829,524
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $5,503,063 | $4,863,270 | $107,026,808 | XML |
| 990-PF | December 2024 | $5,216,616 | $4,496,339 | $98,115,541 | XML |
| 990-PF | December 2023 | $1,767,116 | $4,449,928 | $91,386,201 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 30-0308972).
Questions about AMERICAN SAVINGS FOUNDATION INC
- What is the EIN of AMERICAN SAVINGS FOUNDATION INC?
- The employer identification number (EIN) of AMERICAN SAVINGS FOUNDATION INC is 30-0308972.
- Is AMERICAN SAVINGS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to AMERICAN SAVINGS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does AMERICAN SAVINGS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of AMERICAN SAVINGS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN SAVINGS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of AMERICAN SAVINGS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 20 people; 4 received compensation from the organization, the highest $264,500 (MARIA A FALVO, PRESIDENT AND CEO).
- How much revenue does AMERICAN SAVINGS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $5,503,063, expenses of $4,863,270 and total assets of $107,026,808 at year end.
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