Nonprofit · EIN 47-5214545
GRASSANO FAMILY FOUNDATION INC
Tax-exempt · VERO BEACH, FL 32963
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $30,927 | $1,757 | $29,170 | $35,957 | $500 | $35,457 |
| December 31, 2024 | 990-PF | $8,484 | $12,231 | -$3,747 | $6,787 | $500 | $6,287 |
| December 31, 2023 | 990-PF | $0 | $2,431 | -$2,431 | $9,762 | $500 | $9,262 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $30,000
- Dividends
- $927
Expenses
- Grants and similar amounts paid
- $1,000
- Disbursements for charitable purposes
- $1,000
- Excise tax on investment income
- $13
Balance sheet and other
- Total assets, start of year
- $6,787
- Total assets, end of year
- $35,957
- Total liabilities, end of year
- $500
- Net assets, end of year
- $35,457
- Fair market value of assets
- $35,957
- Qualifying distributions
- $1,000
- Net investment income
- $927
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN GRASSANO 201 SPINNAKER DRIVE, VERO BEACH, FL 32963 | PRESIDENT | 0 | $0 |
| VALERIE GRASSANO 201 SPINNAKER DRIVE, VERO BEACH, FL 32963 | SECRETARY | 0 | $0 |
| ALEX GRASSANO 11001 MILWAUKEE AVENUE, LUBBOCK, TX 79424 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN GRASSANO 201 SPINNAKER DRIVE, VERO BEACH, FL 32963 | PRESIDENT | 0 | $0 |
| VALERIE GRASSANO 201 SPINNAKER DRIVE, VERO BEACH, FL 32963 | SECRETARY | 0 | $0 |
| ALEX GRASSANO 11001 MILWAUKEE AVENUE, LUBBOCK, TX 79424 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN GRASSANO 201 SPINNAKER DRIVE, VERO BEACH, FL 32963 | PRESIDENT | 0 | $0 |
| VALERIE GRASSANO 201 SPINNAKER DRIVE, VERO BEACH, FL 32963 | SECRETARY | 0 | $0 |
| ALEX GRASSANO 11001 MILWAUKEE AVENUE, LUBBOCK, TX 79424 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 SPINNAKER DR, VERO BEACH, FL 32963-2953
- In care of
- % ALAN GRASSANO
- Signed the 990-PF
- VALERIE GRASSANO, SECRETARY
- Phone
- (772) 231-2460
- Return prepared by
- SOUTH FLORIDA FINANCIAL ADVISORY NETWORK
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 | 990-PF 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
- 47-5214545
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $35,957
- Income (IRS master file)
- $30,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $30,927 | $1,757 | $35,957 | IRS |
| 990-PF | December 2024 | $8,484 | $12,231 | $6,787 | XML |
| 990-PF | December 2023 | $0 | $2,431 | $9,762 | 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 47-5214545).
Questions about GRASSANO FAMILY FOUNDATION INC
- What is the EIN of GRASSANO FAMILY FOUNDATION INC?
- The employer identification number (EIN) of GRASSANO FAMILY FOUNDATION INC is 47-5214545.
- Is GRASSANO FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to GRASSANO FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRASSANO FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRASSANO FAMILY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRASSANO 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 2025.
- Who are the officers and directors of GRASSANO FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GRASSANO FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $30,927, expenses of $1,757 and total assets of $35,957 at year end.
Other nonprofits in VERO BEACH
- INDIAN RIVER COMMUNITY FOUNDATION EIN 20-1729243 · last filed 990 for 2025
- WELSH FAMILY FOUNDATION INC EIN 22-3331136 · last filed 990-PF for 2025
- ALBERT L UELTSCHI FOUNDATION EIN 55-0838858 · last filed 990-PF for 2025
- THE SEXTON FAMILY FOUNDATION EIN 13-7106277 · last filed 990-PF for 2024
- UNITED WAY OF INDIAN RIVER COUNTY INC EIN 59-1087090 · last filed 990 for 2025
- MARVIN DAVIDSON FAMILY FOUNDATION INC EIN 99-2903390 · last filed 990-PF for 2024
- DSF CHARITABLE FOUNDATION EIN 25-1847237 · last filed 990-PF for 2024
- LEO AND YUKI GRAHAM FOUNDATION EIN 47-1930447 · last filed 990-PF for 2025
All nonprofits in VERO BEACH · Florida · Philanthropy, voluntarism and grantmaking foundations