Nonprofit · EIN 38-3345578
THE FARBMAN FAMILY FOUNDATION
Also known as ID NO 747499
Tax-exempt · FARMINGTN HLS, MI 48334
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $39,344 | $59,108 | -$19,764 | $494,254 | $0 | $494,254 |
| December 31, 2023 | 990-PF | $26,595 | $58,135 | -$31,540 | $514,018 | $0 | $514,018 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $10,653
- Interest
- $502
- Net gain from sales of assets
- $26,036
- Other income
- $2,153
Expenses
- Grants and similar amounts paid
- $52,622
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $52,622
- Excise tax on investment income
- $460
Balance sheet and other
- Total assets, start of year
- $514,018
- Total assets, end of year
- $494,254
- Total liabilities, end of year
- $0
- Net assets, end of year
- $494,254
- Fair market value of assets
- $746,975
- Qualifying distributions
- $52,622
- Net investment income
- $39,344
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 |
|---|---|---|---|
| SUSAN B FARBMAN 31700 MIDDLEBELT ROAD SUITE 225, FARMINGTON HILLS, MI 48334 | PRESIDENT | 0.25 | $0 |
| DAVID S FARBMAN 31700 MIDDLEBELT ROAD SUITE 225, FARMINGTON HILLS, MI 48334 | SECRETARY | 0.25 | $0 |
| ANDREW V FARBMAN 31700 MIDDLEBELT ROAD SUITE 225, FARMINGTON HILLS, MI 48334 | TREASURER | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BURTON D FARBMAN 28400 NORTHWESTERN HWY 4TH FLOOR, SOUTHFIELD, MI 48034 | SECRETARY, TREASURER - PART YEAR | 0.25 | $0 |
| SUSAN B FARBMAN 28400 NORTHWESTERN HWY 4TH FLOOR, SOUTHFIELD, MI 48034 | PRESIDENT | 0.25 | $0 |
| DAVID S FARBMAN 28400 NORTHWESTERN HWY 4TH FLOOR, SOUTHFIELD, MI 48034 | DIRECTOR | 0.25 | $0 |
| ANDREW V FARBMAN 28400 NORTHWESTERN HWY 4TH FLOOR, SOUTHFIELD, MI 48034 | DIRECTOR | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 31700 MIDDLEBELT RD STE 225, FARMINGTN HLS, MI 48334-2383
- In care of
- % BURTON D FARBMAN
- Signed the 990-PF
- ANDREW V FARBMAN, DIRECTOR
- Phone
- (248) 353-0500
- Return prepared by
- PLANTE & MORAN PLLC
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
- 38-3345578
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $494,254
- Income (IRS master file)
- $135,170
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $39,344 | $59,108 | $494,254 | IRS |
| 990-PF | December 2023 | $26,595 | $58,135 | $514,018 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 38-3345578).
Questions about THE FARBMAN FAMILY FOUNDATION
- What is the EIN of THE FARBMAN FAMILY FOUNDATION?
- The employer identification number (EIN) of THE FARBMAN FAMILY FOUNDATION is 38-3345578.
- Is THE FARBMAN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to THE FARBMAN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE FARBMAN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE FARBMAN FAMILY FOUNDATION 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 THE FARBMAN FAMILY FOUNDATION 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 THE FARBMAN FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE FARBMAN FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $39,344, expenses of $59,108 and total assets of $494,254 at year end.
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