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Nonprofit · EIN 45-4024050

EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC

Tax-exempt · NEW YORK, NY 10028

Financials

$154K$409K2023$254K$395K2024
Revenue Expenses · by fiscal year end
Financials of EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$254,275$394,622-$140,347$4,546,080$0$4,546,080
December 31, 2023990-PF$153,822$409,031-$255,209$4,686,623$196$4,686,427
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$221,183
Interest
$53
Net gain from sales of assets
$23,645
Other income
$9,394

Expenses

Grants and similar amounts paid
$389,255
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$389,255
Excise tax on investment income
$3,473

Balance sheet and other

Total assets, start of year
$4,686,623
Total assets, end of year
$4,546,080
Total liabilities, end of year
$0
Net assets, end of year
$4,546,080
Fair market value of assets
$8,567,885
Qualifying distributions
$389,255
Net investment income
$251,938

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
GAIL PROPP
950 PARK AVENUE, NEW YORK, NY 10028
PRESIDENT AND DIRECTOR2$0
ANNA PROPP
950 PARK AVENUE, NEW YORK, NY 10028
VICE-PRES AND DIRECTOR1$0
ERIC GOMBERG
1474 THIRD AVE, NEW YORK, NY 10028
SECRETARY AND DIRECTOR1$0
DAVID GOMBERG
565 PARK AVE, NEW YORK, NY 10065
TREASURER AND DIRECTOR1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
GAIL PROPP
950 PARK AVENUE, NEW YORK, NY 10028
PRESIDENT AND DIRECTOR2$0
ANNA PROPP
950 PARK AVENUE, NEW YORK, NY 10028
VICE-PRES AND DIRECTOR1$0
ERIC GOMBERG
1474 THIRD AVE, NEW YORK, NY 10028
SECRETARY AND DIRECTOR1$0
DAVID GOMBERG
565 PARK AVE, NEW YORK, NY 10065
TREASURER AND DIRECTOR1$0

Address and contacts

Address (IRS master file)
950 PARK AVENUE 4B, NEW YORK, NY 10028-0320
In care of
% GAIL PROPP
Signed the 990-PF
GAIL PROPP, PRESIDENT
Phone
(917) 660-0744
Return prepared by
HIRSCH OELBAUM BRAM HANOVER & LISKER CPA

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
45-4024050
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
2012
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$4,546,080
Income (IRS master file)
$257,425

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$254,275$394,622$4,546,080IRS
990-PFDecember 2023$153,822$409,031$4,686,623XML
990-PFDecember 2022–––IRS
990-PFDecember 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 45-4024050).

Questions about EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC

What is the EIN of EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC?
The employer identification number (EIN) of EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC is 45-4024050.
Is EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC 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 EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC 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 EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $254,275, expenses of $394,622 and total assets of $4,546,080 at year end.

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