Nonprofit · EIN 58-1493447
MORTY AND GLORIA WOLOSOFF FOUNDATION INC
Tax-exempt · PALM BEACH, FL 33480
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $164,401 | $284,416 | -$120,015 | $2,889,533 | $2,170 | $2,887,363 |
| December 31, 2023 | 990-PF | $191,037 | $255,836 | -$64,799 | $3,051,503 | $0 | $3,051,503 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $102,204
- Net gain from sales of assets
- $61,381
- Other income
- $816
Expenses
- Grants and similar amounts paid
- $141,750
- Compensation of officers, directors and key employees
- $28,000
- Disbursements for charitable purposes
- $218,141
- Excise tax on investment income
- $1,658
Balance sheet and other
- Total assets, start of year
- $3,051,503
- Total assets, end of year
- $2,889,533
- Total liabilities, end of year
- $2,170
- Net assets, end of year
- $2,887,363
- Fair market value of assets
- $3,229,689
- Qualifying distributions
- $218,141
- Net investment income
- $163,585
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 |
|---|---|---|---|
| WENDY WOLOSOFF-HAYES 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | VICE PRESIDENT | 8 | $24,000 |
| ALAN R HAYES 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | TRUSTEE | 0.5 | $4,000 |
| ADAM HIRSCH 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | PRESIDENT & TREASURER | 4 | $0 |
| RICHARD L HIRSCH 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | CHAIRMAN | 4 | $0 |
| SUSAN HARTLEY MOSS 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WENDY WOLOSOFF-HAYES 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | VICE PRESIDENT | 8 | $24,000 |
| ADAM HIRSCH 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | PRESIDENT & TREASURER | 4 | $4,000 |
| ALAN R HAYES 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | TRUSTEE | 0.5 | $4,000 |
| RICHARD L HIRSCH 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | CHAIRMAN | 4 | $4,000 |
| SUSAN HARTLEY MOSS 220 SUNRISE AVENUE 209, PALM BEACH, FL 33480 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 220 SUNRISE AVE STE 209, PALM BEACH, FL 33480-3803
- In care of
- % CONCURRENT INDUSTRIES
- Signed the 990-PF
- RICHARD HIRSCH, DIRECTOR
- Phone
- (212) 517-7171
- Return prepared by
- COHNREZNICK ADVISORY LLC
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
- 58-1493447
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $2,889,533
- Income (IRS master file)
- $882,650
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $164,401 | $284,416 | $2,889,533 | XML |
| 990-PF | December 2023 | $191,037 | $255,836 | $3,051,503 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 58-1493447).
Questions about MORTY AND GLORIA WOLOSOFF FOUNDATION INC
- What is the EIN of MORTY AND GLORIA WOLOSOFF FOUNDATION INC?
- The employer identification number (EIN) of MORTY AND GLORIA WOLOSOFF FOUNDATION INC is 58-1493447.
- Is MORTY AND GLORIA WOLOSOFF FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to MORTY AND GLORIA WOLOSOFF FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MORTY AND GLORIA WOLOSOFF FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MORTY AND GLORIA WOLOSOFF 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 MORTY AND GLORIA WOLOSOFF 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 MORTY AND GLORIA WOLOSOFF FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $24,000 (WENDY WOLOSOFF-HAYES, VICE PRESIDENT).
- How much revenue does MORTY AND GLORIA WOLOSOFF FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $164,401, expenses of $284,416 and total assets of $2,889,533 at year end.
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