Nonprofit · EIN 52-1439992
FOUNDATION OF FBI ALUMNI
Tax-exempt (reinstated) · WESTERN SPRGS, IL 60558
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-EZ | $99,305 | $43,560 | $55,745 | $314,673 | – | $314,673 |
Financial details: 990-EZ for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $76,116
- Investment income
- $23,136
- Net income from sales of inventory
- $53
Expenses
- Grants and similar amounts paid
- $33,500
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $657
- Printing, publications and postage
- $479
- Other expenses
- $8,924
- Program services (functional)
- $36,109
Balance sheet and other
- Total assets, start of year
- $258,928
- Total assets, end of year
- $314,673
- Total liabilities, end of year
- –
- Net assets, end of year
- $314,673
- Cash, savings and investments
- $314,673
- Gross receipts
- $99,305
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-EZ for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michele Salomone | President | 18 | $0 |
| Kathleen Wallace | Treasurer | 18 | $0 |
| Carole Lee | Director | 1 | $0 |
| Steve Volkman | Director | 1 | $0 |
| Mike Mostofi | Director | 1 | $0 |
| Patricia Scalzetti | Director | 0.2 | $0 |
| Margaret Coonan | Director | 5 | $0 |
| Francisco J Agraz | Director | 5 | $0 |
| Mary Patricia Smith | Director | 5 | $0 |
| Calvin Keith Walbert | Director | 5 | $0 |
| Cheryl Molnar | Director | 5 | $0 |
| Carmen Felan | Director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 3834 FRANKLIN AVE, WESTERN SPRGS, IL 60558-1101
- In care of
- % JANE REAGAN MCCARTY
- Mailing address (990-N for 2023)
- W14031 Cypress Avenue, Coloma WI 54930
- Principal officer (990-N for 2023)
- Michele Salomone, W14031 Cypress Avenue, Coloma WI 54930
- Signed the 990-EZ
- Jane Reagan McCarty, President
- Phone
- (312) 246-1732
- Return prepared by
- Quist & Associates LLC
Mission
The Foundation of FBI Alumni, Inc. (Foundation), a 503(c)(3) corporation, is a separate charitable arm of The Society of FBI Alumni, Inc. (Society), a 501(c)(7) non-profit organization. It was established in 1985 for the benefit of the Society members and their families. The Foundation funds, donated by members of the Society, endowments, and memorials are used to provide educational grants to members and their families, and to contribute to charitable organizations. The Member in Need fund is also available to those in need of emergency financial assistance.
Program accomplishments
- In FY25, the Foundation awarded educational grants to nine students attending US colleges and Universities, one grant to a Member in Need due to a natural disaster, and one grant to The Society of Former Special Agents of the FBI for their humanitarian efforts, such as service to homeless veterans.Expenses $36,109 · grants $33,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990-EZ on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-N on file |
IRS record
- EIN
- 52-1439992
- 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
- 2015
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $314,673
- Income (IRS master file)
- $99,305
Revocation and reinstatement
- Exemption revoked
- February 15, 2014
- Posted by the IRS
- May 12, 2014
- Reinstated
- Effective February 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | September 2025 | $99,305 | $43,560 | $314,673 | XML |
| 990-N for 2023 Officer: Michele Salomone | September 30, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: Michele Salomone | September 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Michele Salomone | September 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Michele Salomone | September 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Michele Salomone | September 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Michele Salomone | September 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 52-1439992).
Questions about FOUNDATION OF FBI ALUMNI
- What is the EIN of FOUNDATION OF FBI ALUMNI?
- The employer identification number (EIN) of FOUNDATION OF FBI ALUMNI is 52-1439992.
- Is FOUNDATION OF FBI ALUMNI tax-exempt?
- Yes. The IRS revoked its exemption on February 15, 2014 and reinstated it effective February 15, 2014.
- Are donations to FOUNDATION OF FBI ALUMNI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION OF FBI ALUMNI file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION OF FBI ALUMNI due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION OF FBI ALUMNI last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended September 2025.
- Who is the principal officer of FOUNDATION OF FBI ALUMNI?
- The 990-N for 2023 names Michele Salomone.
- Who are the officers and directors of FOUNDATION OF FBI ALUMNI?
- The 990-EZ for the year ended September 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION OF FBI ALUMNI have?
- On its 990-EZ for the year ended September 30, 2025 it reported revenue of $99,305, expenses of $43,560 and total assets of $314,673 at year end.
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