Nonprofit · EIN 47-1391177
MARK G HOVANASIAN FOUNDATION
Tax-exempt · NORTH ANDOVER, MA 01845
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $27,362 | $49,712 | -$22,350 | $359,854 | $0 | $359,854 |
| December 31, 2023 | 990-PF | -$32,576 | $51,374 | -$83,950 | $382,204 | $0 | $382,204 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $19,646
- Net gain from sales of assets
- $7,716
Expenses
- Grants and similar amounts paid
- $33,500
- Compensation of officers, directors and key employees
- $9,213
- Disbursements for charitable purposes
- $38,107
- Excise tax on investment income
- $276
Balance sheet and other
- Total assets, start of year
- $382,204
- Total assets, end of year
- $359,854
- Total liabilities, end of year
- $0
- Net assets, end of year
- $359,854
- Fair market value of assets
- $620,798
- Qualifying distributions
- $38,107
- Net investment income
- $27,362
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 |
|---|---|---|---|
| ALBERT PETTORUTO 807 TURNPIKE ST, NORTH ANDOVER, MA 01845 | TRUSTEE | 1 | $9,213 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT PETTORUTO 807 TURNPIKE ST, NORTH ANDOVER, MA 01845 | TRUSTEE | 1 | $8,440 |
Address and contacts
- Address (IRS master file)
- 807 TURNPIKE STREET, NORTH ANDOVER, MA 01845-6131
- In care of
- % ALBERT P PETTORUTO
- Signed the 990-PF
- ALBERT PETTORUTO, TRUSTEE
- Phone
- (978) 685-0961
- Return prepared by
- SHAHEEN PALLONE & ASSOCIATES PC
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
- 47-1391177
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $359,854
- Income (IRS master file)
- $63,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $27,362 | $49,712 | $359,854 | XML |
| 990-PF | December 2023 | -$32,576 | $51,374 | $382,204 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 47-1391177).
Questions about MARK G HOVANASIAN FOUNDATION
- What is the EIN of MARK G HOVANASIAN FOUNDATION?
- The employer identification number (EIN) of MARK G HOVANASIAN FOUNDATION is 47-1391177.
- Is MARK G HOVANASIAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MARK G HOVANASIAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARK G HOVANASIAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARK G HOVANASIAN 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 MARK G HOVANASIAN 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 MARK G HOVANASIAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $9,213 (ALBERT PETTORUTO, TRUSTEE).
- How much revenue does MARK G HOVANASIAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $27,362, expenses of $49,712 and total assets of $359,854 at year end.
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All nonprofits in NORTH ANDOVER · Massachusetts · Philanthropy, voluntarism and grantmaking foundations