Nonprofit · EIN 52-1720903
MICHELE AND AGNESE CESTONE FOUNDATION INC
Tax-exempt · PENNINGTON, NJ 08534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $999,514 | $1,035,952 | -$36,438 | $11,512,615 | $50,000 | $11,462,615 |
| December 31, 2023 | 990-PF | $974,067 | $1,216,592 | -$242,525 | $11,549,053 | $50,000 | $11,499,053 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $408,149
- Net gain from sales of assets
- $556,411
- Other income
- $34,954
Expenses
- Grants and similar amounts paid
- $860,500
- Compensation of officers, directors and key employees
- $76,500
- Disbursements for charitable purposes
- $946,860
- Excise tax on investment income
- $11,610
Balance sheet and other
- Total assets, start of year
- $11,549,053
- Total assets, end of year
- $11,512,615
- Total liabilities, end of year
- $50,000
- Net assets, end of year
- $11,462,615
- Fair market value of assets
- $16,768,997
- Qualifying distributions
- $946,860
- Net investment income
- $928,509
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 |
|---|---|---|---|
| MICHELE J CESTONE PO BOX 1517 MAILCODE TAOBEB, PENNINGTON, NJ 08534 | TRUSTEE & PRESIDENT | 35 | $75,000 |
| MARIA A CESTONE ESQUIRE PO BOX 1517 MAILCODE TAOBEB, PENNINGTON, NJ 08534 | TRUSTEE & SECRETARY | 1 | $750 |
| DENNIS BAILEY PO BOX 1517 MAILCODE TAOBEB, PENNINGTON, NJ 08534 | TRUSTEE | 1 | $750 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELE J CESTONE PO BOX 1517 MAILCODE TAOBEB, PENNINGTON, NJ 08534 | TRUSTEE & PRESIDENT | 35 | $75,000 |
| MARIA A CESTONE ESQUIRE PO BOX 1517 MAILCODE TAOBEB, PENNINGTON, NJ 08534 | TRUSTEE & SECRETARY | 1 | $1,000 |
| DENNIS BAILEY PO BOX 1517 MAILCODE TAOBEB, PENNINGTON, NJ 08534 | TRUSTEE | 1 | $1,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 1517, PENNINGTON, NJ 08534-0681
- In care of
- % KEN SPRULL PNC
- Signed the 990-PF
- MICHELE CESTONE, PRESIDENT
- Phone
- (646) 855-1011
- Return prepared by
- SISTERSON & 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
- 52-1720903
- 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
- 1991
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30Z)
- Assets (IRS master file)
- $11,512,615
- Income (IRS master file)
- $3,980,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $999,514 | $1,035,952 | $11,512,615 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $974,067 | $1,216,592 | $11,549,053 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 52-1720903).
Questions about MICHELE AND AGNESE CESTONE FOUNDATION INC
- What is the EIN of MICHELE AND AGNESE CESTONE FOUNDATION INC?
- The employer identification number (EIN) of MICHELE AND AGNESE CESTONE FOUNDATION INC is 52-1720903.
- Is MICHELE AND AGNESE CESTONE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to MICHELE AND AGNESE CESTONE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MICHELE AND AGNESE CESTONE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHELE AND AGNESE CESTONE FOUNDATION INC 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 MICHELE AND AGNESE CESTONE FOUNDATION INC 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 MICHELE AND AGNESE CESTONE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $75,000 (MICHELE J CESTONE, TRUSTEE & PRESIDENT).
- How much revenue does MICHELE AND AGNESE CESTONE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $999,514, expenses of $1,035,952 and total assets of $11,512,615 at year end.
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