Nonprofit · EIN 31-1617296
FATTA FOUNDATION INC
Tax-exempt · BUFFALO, NY 14209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $222,075 | $216,869 | $5,206 | $3,774,989 | $0 | $3,774,989 |
| December 31, 2023 | 990-PF | $254,691 | $217,836 | $36,855 | $3,769,783 | $0 | $3,769,783 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $121,017
- Interest
- $6,796
- Net gain from sales of assets
- $94,262
Expenses
- Grants and similar amounts paid
- $147,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $25,163
- Disbursements for charitable purposes
- $162,081
- Excise tax on investment income
- $2,367
Balance sheet and other
- Total assets, start of year
- $3,769,783
- Total assets, end of year
- $3,774,989
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,774,989
- Fair market value of assets
- $4,652,914
- Qualifying distributions
- $162,081
- Net investment income
- $222,075
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 |
|---|---|---|---|
| CAROL A FATTA 1 GATES CIRCLE 603, BUFFALO, NY 14209 | DIRECTOR AND PRESIDENT | 3 | $0 |
| ANGELO M FATTA THROUGH 3-14-25 1 GATES CIRCLE 603, BUFFALO, NY 14209 | DIRECTOR,SECRETARY,TREAS. | 3 | $0 |
| JOHN D FATTA PO BOX 119, BUFFALO, NY 14207 | DIRECTOR | 3 | $0 |
| SUZANNE E FATTA 731 WEST DELAVAN AVENUE, BUFFALO, NY 14222 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL A FATTA 132 LAKEFRONT BOULEVARD 703, BUFFALO, NY 14202 | DIRECTOR AND PRESIDENT | 3 | $0 |
| ANGELO M FATTA 132 LAKEFRONT BOULEVARD 703, BUFFALO, NY 14202 | DIRECTOR,SECRETARY,TREAS. | 3 | $0 |
| JOHN D FATTA PO BOX 119, BUFFALO, NY 14207 | DIRECTOR | 0 | $0 |
| SUZANNE E FATTA 731 WEST DELAVAN AVENUE, BUFFALO, NY 14222 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 GATES CIR APT 603, BUFFALO, NY 14209-1130
- Signed the 990-PF
- JOHN FATTA, PRESIDENT
- Phone
- (716) 864-6352
- Return prepared by
- LUMSDEN & MCCORMICK 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
- 31-1617296
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $3,774,989
- Income (IRS master file)
- $513,682
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $254,691 | $217,836 | $3,769,783 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FATTA FOUNDATION INC
- What is the EIN of FATTA FOUNDATION INC?
- The employer identification number (EIN) of FATTA FOUNDATION INC is 31-1617296.
- Is FATTA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to FATTA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FATTA FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FATTA 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 FATTA FOUNDATION INC 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 FATTA FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FATTA FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $222,075, expenses of $216,869 and total assets of $3,774,989 at year end.
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