Nonprofit · EIN 46-2016490
OPERATION-INITIATIVE FOUNDATION
Tax-exempt · LINDENHURST, NY 11757
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $7,490 | $7,161 | $329 | $1,585 | $0 | $1,585 |
| September 30, 2024 | 990 | $13,010 | $15,821 | -$2,811 | $1,255 | $0 | $1,255 |
| September 30, 2023 | 990 | $3,084 | $6,898 | -$3,814 | $4,066 | $0 | $4,066 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $7,490
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $250
- Travel
- $143
- Program services (functional)
- $4,469
- Management and general (functional)
- $1,814
- Fundraising (functional)
- $878
Balance sheet and other
- Total assets, start of year
- $1,255
- Total assets, end of year
- $1,585
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,585
- Net assets without donor restrictions
- $1,585
- Gross receipts
- $7,490
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- NY
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOUIS FALCO | PRESIDENT & FOUNDER Trustee or director, Officer | 10 | $0 |
| PAUL BEEBER | CHAIRMAN Trustee or director, Officer | 8 | $0 |
| PATRICIA HARPER | TREASURER Trustee or director | 2 | $0 |
990 for the year ended September 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOUIS FALCO | PRESIDENT & FOUNDER Trustee or director, Officer | 10 | $0 |
| PAUL BEEBER | CHAIRMAN Trustee or director, Officer | 8 | $0 |
| ROSE ANN TELESE | TREASURER Trustee or director | 2 | $0 |
990 for the year ended September 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOUIS FALCO | PRESIDENT & FOUNDER Trustee or director, Officer | 10 | $0 |
| PAUL BEEBER | CHAIRMAN Trustee or director, Officer | 8 | $0 |
| RHODA GRABER | TREASURER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- CO LOUIS FALCO 160 NEWARK ST, LINDENHURST, NY 11757-0000
- In care of
- % LOUIS FALCO
- Principal officer (990 for 2024)
- LOUIS FALCO, 160 NEWARK STREET, LINDENHURST, NY 11757
- Signed the 990
- LOUIS FALCO, PRESIDENT
- Phone
- (631) 926-2066
- Website
- WWW.OPERATION-INITIATIVE.COM
- Return prepared by
- Salvatore Albanese & Company LLC
Mission
OUR MISSION IS TO ASSIST MILITARY VETERANS AND THEIR FAMILIES ADDRESS POST TRAUMATIC STRESS DISORDER, BY AIDING THEM IN OBTAINING ADDITIONAL MEDICAL ATTENTION, OUTSIDE OF THAT PROVIDED BY GOVERNMENT ASSISTANCE, AND DIRECTLY PAYING FOR THE COSTS ASSOCIATED WITH THESE TREATMENTS.
Program accomplishments
- TO ASSIST MILITARY VETERANS AND THEIR FAMILIES ADDRESS, TREAT AND COPE WITH POST TRAUMATIC STRESS DISORDERExpenses $4,469
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 46-2016490
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- September
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $1,585
- Income (IRS master file)
- $7,490
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $7,490 | $7,161 | $1,585 | XML |
| 990 | September 2024 | $13,010 | $15,821 | $1,255 | XML |
| 990 | September 2023 | $3,084 | $6,898 | $4,066 | XML |
| 990 | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 46-2016490).
Questions about OPERATION-INITIATIVE FOUNDATION
- What is the EIN of OPERATION-INITIATIVE FOUNDATION?
- The employer identification number (EIN) of OPERATION-INITIATIVE FOUNDATION is 46-2016490.
- Is OPERATION-INITIATIVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to OPERATION-INITIATIVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPERATION-INITIATIVE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OPERATION-INITIATIVE FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPERATION-INITIATIVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of OPERATION-INITIATIVE FOUNDATION?
- The 990 for the year ended September 30, 2025 names LOUIS FALCO.
- Who are the officers and directors of OPERATION-INITIATIVE FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does OPERATION-INITIATIVE FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $7,490, expenses of $7,161 and total assets of $1,585 at year end.
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