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Nonprofit · EIN 39-1287503

GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD

Tax-exempt · MADISON, WI 53705

Financials

$330K$261K2023$987K$156K2024
Revenue Expenses · by fiscal year end
Financials of GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-PF$987,060$155,720$831,340$1,092,846$0$1,092,846
June 30, 2024990-PF$330,320$261,040$69,280$261,506$0$261,506
Financial details: 990-PF for the year ended June 30, 2025

Revenue

Dividends
$23,146
Interest
$9,157
Net gain from sales of assets
$954,757

Expenses

Grants and similar amounts paid
$146,800
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$151,686
Excise tax on investment income
$13,720

Balance sheet and other

Total assets, start of year
$261,506
Total assets, end of year
$1,092,846
Total liabilities, end of year
$0
Net assets, end of year
$1,092,846
Fair market value of assets
$3,011,613
Qualifying distributions
$151,686
Net investment income
$987,060

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
THOMAS M PALAY
1504 SUMAC DR, MADISON, WI 53705
PRESIDENT/DIRECTOR0$0
ROBERT J PALAY
1504 SUMAC DR, MADISON, WI 53705
VICE-PRESIDENT/TREASURER/DIRECTOR0$0
JESSICA C SADOW
1504 SUMAC DR, MADISON, WI 53705
SECRETARY/DIRECTOR0$0
DANIEL G PALAY
1504 SUMAC DR, MADISON, WI 53705
ASSISTANT SECRETARY/DIRECTOR0$0
990-PF for the year ended June 30, 2024: 4 people
NameTitleHours / weekCompensation
THOMAS M PALAY
1504 SUMAC DR, MADISON, WI 53705
PRESIDENT/DIRECTOR0$0
ROBERT J PALAY
1504 SUMAC DR, MADISON, WI 53705
TREASURER/DIRECTOR0$0
JESSICA C SADOW
1504 SUMAC DR, MADISON, WI 53705
SECRETARY/DIRECTOR0$0
DANIEL G PALAY
1504 SUMAC DR, MADISON, WI 53705
ASSISTANT SECRETARY/DIRECTOR0$0

Address and contacts

Address (IRS master file)
1504 SUMAC DR, MADISON, WI 53705-1455
Signed the 990-PF
THOMAS M PALAY, PRESIDENT
Phone
(608) 347-9746
Return prepared by
GODFREY & KAHN SC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990-PF on file
2023June 30, 2024November 15, 2024990-PF on file

IRS record

EIN
39-1287503
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
1978
Accounting year ends
June
Files
Form 990-PF
Assets (IRS master file)
$1,092,846
Income (IRS master file)
$989,326

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFJune 2025$987,060$155,720$1,092,846XML
990-PFJune 2024$330,320$261,040$261,506XML
990-PFJune 2023–––IRS
990-PFJune 2022–––IRS
990-PFJune 2021–––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 39-1287503).

Questions about GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD

What is the EIN of GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD?
The employer identification number (EIN) of GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD is 39-1287503.
Is GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
Are donations to GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD file?
Form 990-PF. Private foundations file every year.
When is the next return of GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended June 2025.
Who are the officers and directors of GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD?
The 990-PF for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does GILBERT & J DOROTHY PALAY FAMILY FOUNDATION LTD have?
On its 990-PF for the year ended June 30, 2025 it reported revenue of $987,060, expenses of $155,720 and total assets of $1,092,846 at year end.

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