Nonprofit · EIN 47-2477939
MAURICE AND LENA RUSSO FAM FOUNDATION
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $316,055 | $397,951 | -$81,896 | $9,932,214 | $13,750 | $9,918,464 |
| December 31, 2023 | 990-PF | $316,990 | $436,663 | -$119,673 | $10,003,010 | $2,650 | $10,000,360 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $34,460
- Interest
- $281,595
Expenses
- Grants and similar amounts paid
- $371,392
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $387,476
- Excise tax on investment income
- $4,243
Balance sheet and other
- Total assets, start of year
- $10,003,010
- Total assets, end of year
- $9,932,214
- Total liabilities, end of year
- $13,750
- Net assets, end of year
- $9,918,464
- Fair market value of assets
- $6,323,886
- Qualifying distributions
- $387,476
- Net investment income
- $316,055
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 V RUSSO 401 BROADWAY SUITE 1712, NEW YORK, NY 10013 | DIRECTOR | 5 | $0 |
| CLIFTON RUSSO 401 BROADWAY SUITE 1712, NEW YORK, NY 10013 | DIRECTOR | 5 | $0 |
| LAWRENCE RUSSO 401 BROADWAY SUITE 1712, NEW YORK, NY 10013 | DIRECTOR | 5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT V RUSSO 401 BROADWAY SUITE 1712, NEW YORK, NY 10013 | DIRECTOR | 5 | $0 |
| CLIFTON RUSSO 401 BROADWAY SUITE 1712, NEW YORK, NY 10013 | DIRECTOR | 5 | $0 |
| LAWRENCE RUSSO 401 BROADWAY SUITE 1712, NEW YORK, NY 10013 | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 401 BROADWAY STE 1712, NEW YORK, NY 10013-3019
- In care of
- % ALBERT RUSSO
- Signed the 990-PF
- CLIFTON RUSSO, DIRECTOR
- Phone
- (631) 249-8200
- Return prepared by
- SASSERATH & CO LLP
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
- 47-2477939
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $9,932,214
- Income (IRS master file)
- $316,055
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $316,055 | $397,951 | $9,932,214 | IRS |
| 990-PF | December 2023 | $316,990 | $436,663 | $10,003,010 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 47-2477939).
Questions about MAURICE AND LENA RUSSO FAM FOUNDATION
- What is the EIN of MAURICE AND LENA RUSSO FAM FOUNDATION?
- The employer identification number (EIN) of MAURICE AND LENA RUSSO FAM FOUNDATION is 47-2477939.
- Is MAURICE AND LENA RUSSO FAM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to MAURICE AND LENA RUSSO FAM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAURICE AND LENA RUSSO FAM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAURICE AND LENA RUSSO FAM 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 MAURICE AND LENA RUSSO FAM 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 MAURICE AND LENA RUSSO FAM FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MAURICE AND LENA RUSSO FAM FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $316,055, expenses of $397,951 and total assets of $9,932,214 at year end.
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