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Nonprofit · EIN 38-7106076

FORMAN FAM FOUNDATION TR 12112013

Also known as MICHAEL FORMAN & JENNIFER RICE TTEE

Tax-exempt · PHILADELPHIA, PA 19112

Financials

$2.4M$2.2M2023$838K$771K2024
Revenue Expenses · by fiscal year end
Financials of FORMAN FAM FOUNDATION TR 12112013 by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$837,894$770,561$67,333$51,705,632$176,771$51,528,861
December 31, 2023990-PF$2,445,200$2,179,496$265,704$48,460,122$122,917$48,337,205
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$726,430
Net gain from sales of assets
$111,464

Expenses

Grants and similar amounts paid
$475,000
Compensation of officers, directors and key employees
$82,897
Disbursements for charitable purposes
$547,371
Excise tax on investment income
$27,441

Balance sheet and other

Total assets, start of year
$48,460,122
Total assets, end of year
$51,705,632
Total liabilities, end of year
$176,771
Net assets, end of year
$51,528,861
Fair market value of assets
$51,435,632
Qualifying distributions
$547,371
Net investment income
$2,015,082

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.

NameTitleHours / weekCompensation
THOMAS TRALA
201 ROUSE BLVD 675, PHILADELPHIA, PA 19112
TREASURER/SECRETARY/CFO3.5$42,569
LAURA SPARKS
201 ROUSE BLVD 675, PHILADELPHIA, PA 19112
PRESIDENT2$40,328
MICHAEL C FORMAN
201 ROUSE BLVD 675, PHILADELPHIA, PA 19112
TRUSTEE1$0
JENNIFER S RICE
201 ROUSE BLVD 675, PHILADELPHIA, PA 19112
TRUSTEE1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
THOMAS TRALA
201 ROUSE BLVD 675, PHILADELPHIA, PA 19112
TREASURER/SECRETARY3$21,857
MICHAEL C FORMAN
201 ROUSE BLVD 675, PHILADELPHIA, PA 19112
TRUSTEE1$0
JENNIFER S RICE
201 ROUSE BLVD 675, PHILADELPHIA, PA 19112
TRUSTEE1$0

Address and contacts

Address (IRS master file)
201 ROUSE BLVD, PHILADELPHIA, PA 19112-1902
In care of
% MICHAEL C FORMAN
Signed the 990-PF
THOMAS TRALA, TREASURER/SECRETARY
Phone
(215) 495-1160
Return prepared by
GRANT THORNTON ADVISORS 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-7106076
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
2014
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$51,705,632
Income (IRS master file)
$2,613,356

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$837,894$770,561$51,705,632IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$2,445,200$2,179,496$48,460,122XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 38-7106076).

Questions about FORMAN FAM FOUNDATION TR 12112013

What is the EIN of FORMAN FAM FOUNDATION TR 12112013?
The employer identification number (EIN) of FORMAN FAM FOUNDATION TR 12112013 is 38-7106076.
Is FORMAN FAM FOUNDATION TR 12112013 tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to FORMAN FAM FOUNDATION TR 12112013 tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does FORMAN FAM FOUNDATION TR 12112013 file?
Form 990-PF. Private foundations file every year.
When is the next return of FORMAN FAM FOUNDATION TR 12112013 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 FORMAN FAM FOUNDATION TR 12112013 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 FORMAN FAM FOUNDATION TR 12112013?
The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $42,569 (THOMAS TRALA, TREASURER/SECRETARY/CFO).
How much revenue does FORMAN FAM FOUNDATION TR 12112013 have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $837,894, expenses of $770,561 and total assets of $51,705,632 at year end.

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