Nonprofit · EIN 35-7268970
RICHARD AND IDA CALHOUN FUND
Tax-exempt · TORRINGTON, CT 06790
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $563,242 | $76,499 | $486,743 | $8,059,259 | $0 | $8,059,259 |
| December 31, 2024 | 990 | $404,331 | $62,530 | $341,801 | $7,572,516 | $0 | $7,572,516 |
| December 31, 2023 | 990 | $1,722,185 | $62,244 | $1,659,941 | $7,230,715 | $0 | $7,230,715 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $563,242
- Net gain from sales of assets
- $300,694
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,381
- Accounting fees
- $2,525
- Management and general (functional)
- $76,499
Balance sheet and other
- Total assets, start of year
- $7,572,516
- Total assets, end of year
- $8,059,259
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,059,259
- Publicly traded securities
- $7,940,707
- Net assets without donor restrictions
- $8,059,259
- Gross receipts
- $1,708,664
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- CT
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGANN O' MALLEY | CO-TRUSTEE Trustee or director | – | $0 |
| TORRINGTON SAVINGS BANK | CO -TRUSTEE Institutional trustee | – | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGANN O' MALLEY | CO-TRUSTEE Trustee or director | – | $0 |
| TORRINGTON SAVINGS BANK | CO -TRUSTEE Institutional trustee | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGANN O' MALLEY | CO-TRUSTEE Trustee or director | – | $0 |
| TORRINGTON SAVINGS BANK | CO -TRUSTEE Institutional trustee | – | $0 |
Address and contacts
- Address (IRS master file)
- 8 CHURCH STREET, TORRINGTON, CT 06790-5247
- Mailing address (990-N for 2020)
- 8 Church Street, Torrington CT 06790
- Principal officer (990 for 2025)
- TORRINGTON SAVINGS BANK, 8 CHURCH STREET, TORRINGTON, CT 06790
- Principal officer (990-N for 2020)
- Miles Borzillari, 8 Church Street, Torrington CT 06790
- Signed the 990
- TORRINGTON SAVINGS BANK, CO -TRUSTEE
- Phone
- (860) 496-2152
- Return prepared by
- ADAMS SAMARTINO & COMPANY PC
Mission
ENTITY IS A TYPE III SUPPORTING ORGANIZAION UNDER SECTION 509(A)(3) TO NORWICH UNIVERSITY. SCHOLARSHIPS WILL BEGIN FOR THE 2026 OR 2027 ACADEMIC YEAR DEPENDING ON CANDIDATE APPLICATIONS.
Program accomplishments
- PROVIDE SCHOLARSHIPS TO NORWICH UNIVERSITY STUDENTS
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-7268970
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III non-functionally integrated
- Donations deductible (Pub 78)
- Non-functionally integrated Type III supporting organization
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,059,259
- Income (IRS master file)
- $1,708,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $563,242 | $76,499 | $8,059,259 | XML |
| 990 | December 2024 | $404,331 | $62,530 | $7,572,516 | IRS |
| 990 | December 2023 | $1,722,185 | $62,244 | $7,230,715 | XML |
| 990 | December 2022 | $5,576,617 | $5,843 | $5,570,774 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Miles Borzillari | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 35-7268970).
Questions about RICHARD AND IDA CALHOUN FUND
- What is the EIN of RICHARD AND IDA CALHOUN FUND?
- The employer identification number (EIN) of RICHARD AND IDA CALHOUN FUND is 35-7268970.
- Is RICHARD AND IDA CALHOUN FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to RICHARD AND IDA CALHOUN FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Non-functionally integrated Type III supporting organization).
- Which annual return does RICHARD AND IDA CALHOUN FUND 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 RICHARD AND IDA CALHOUN FUND 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 RICHARD AND IDA CALHOUN FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RICHARD AND IDA CALHOUN FUND?
- The 990 for the year ended December 31, 2025 names TORRINGTON SAVINGS BANK.
- Who are the officers and directors of RICHARD AND IDA CALHOUN FUND?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does RICHARD AND IDA CALHOUN FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $563,242, expenses of $76,499 and total assets of $8,059,259 at year end.
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