Nonprofit · EIN 54-1828916
IDA C AND MORRIS FALK FOUNDATION
Tax-exempt · NEW YORK, NY 10004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $371,805 | $430,101 | -$58,296 | $5,659,806 | $0 | $5,659,806 |
| December 31, 2023 | 990-PF | $239,251 | $421,212 | -$181,961 | $5,718,102 | $0 | $5,718,102 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,907
- Dividends
- $90,961
- Net gain from sales of assets
- $230,723
- Other income
- $39,214
Expenses
- Grants and similar amounts paid
- $219,312
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $81,621
- Disbursements for charitable purposes
- $381,878
- Excise tax on investment income
- $4,346
Balance sheet and other
- Total assets, start of year
- $5,718,102
- Total assets, end of year
- $5,659,806
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,659,806
- Fair market value of assets
- $7,242,514
- Qualifying distributions
- $381,878
- Net investment income
- $362,934
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 |
|---|---|---|---|
| GAUTAM RAMNATH ONE BATTERY PARK PLAZA 7TH FLOOR, NEW YORK, NY 10004 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $81,621 |
| ANTHONY DAVID SALZMAN ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004 | DIRECTOR/PRESIDENT | 0.5 | $0 |
| ALEXANDRA MINA SHANG SALZMAN ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004 | DIRECTOR/SECRETARY/TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAUTAM RAMNATH ONE BATTERY PARK PLAZA 7TH FLOOR, NEW YORK, NY 10004 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $83,662 |
| ANTHONY DAVID SALZMAN ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004 | DIRECTOR/PRESIDENT | 0.5 | $0 |
| ALEXANDRA MINA SHANG SALZMAN ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004 | DIRECTOR/SECRETARY/TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- ONE BATTERY PARK PLAZA 7TH FLOOR, NEW YORK, NY 10004-1564
- In care of
- % CONDON OMEARA MCGINTY & DON
- Signed the 990-PF
- ANTHONY SALZMAN, CHAIRMAN
- Phone
- (212) 661-7777
- Website
- WWW.ICMFALKFOUNDATION.ORG
- Return prepared by
- CONDON O'MEARA MCGINTY & DONNELLY 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
- 54-1828916
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $5,659,806
- Income (IRS master file)
- $1,807,736
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $371,805 | $430,101 | $5,659,806 | IRS |
| 990-PF | December 2023 | $239,251 | $421,212 | $5,718,102 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 54-1828916).
Questions about IDA C AND MORRIS FALK FOUNDATION
- What is the EIN of IDA C AND MORRIS FALK FOUNDATION?
- The employer identification number (EIN) of IDA C AND MORRIS FALK FOUNDATION is 54-1828916.
- Is IDA C AND MORRIS FALK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to IDA C AND MORRIS FALK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does IDA C AND MORRIS FALK FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of IDA C AND MORRIS FALK 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 IDA C AND MORRIS FALK 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 IDA C AND MORRIS FALK FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $81,621 (GAUTAM RAMNATH, EXECUTIVE DIRECTOR).
- How much revenue does IDA C AND MORRIS FALK FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $371,805, expenses of $430,101 and total assets of $5,659,806 at year end.
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