Nonprofit · EIN 34-1823319
PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION
Also known as PETERSEN JERRY TTEE
Tax-exempt · PAINESVILLE, OH 44077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $104,066 | $94,706 | $9,360 | $122,481 | $0 | $122,481 |
| December 31, 2024 | 990-EZ | $76,907 | $87,541 | -$10,634 | $134,619 | $0 | $134,619 |
| December 31, 2023 | 990-EZ | $46,979 | $29,000 | $17,979 | $156,058 | $0 | $156,058 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $93,170
- Investment income
- $5,704
- Net gain from sales of assets
- $5,192
Expenses
- Grants and similar amounts paid
- $91,910
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,696
- Other expenses
- $100
- Program services (functional)
- $91,910
Balance sheet and other
- Total assets, start of year
- $134,619
- Total assets, end of year
- $122,481
- Total liabilities, end of year
- $0
- Net assets, end of year
- $122,481
- Cash, savings and investments
- $122,481
- Gross receipts
- $132,794
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN GRIPPI | TREASURER | 2 | $0 |
990-EZ for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN GRIPPI | TREASURER | 2 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN GRIPPI | TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 58 JEFFERSON ST, PAINESVILLE, OH 44077-3114
- In care of
- % KAREN GRIPPE
- Signed the 990-EZ
- KAREN GRIPPE, TREASURER
- Phone
- (440) 392-5060
- Return prepared by
- Associates CPA Inc
Mission
To enhance the quality of education.
Program accomplishments
- Our goal is to enhance the quality of education by awarding teacher grants for creative and innovative educational experiences.Expenses $91,910 · grants $91,910
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 | 990-EZ 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
- 34-1823319
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $122,481
- Income (IRS master file)
- $132,794
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $104,066 | $94,706 | $122,481 | XML |
| 990-EZ | December 2024 | $76,907 | $87,541 | $134,619 | IRS |
| 990-EZ | December 2023 | $46,979 | $29,000 | $156,058 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | 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 34-1823319).
Questions about PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION
- What is the EIN of PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION is 34-1823319.
- Is PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION 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 PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION 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 PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does PAINESVILLE CITY LOCAL SCHOOLS EDUCATIONAL FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $104,066, expenses of $94,706 and total assets of $122,481 at year end.
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