Nonprofit · EIN 65-0584415
GENE AND MARY SARAZEN FOUNDATION
Tax-exempt · MARCO ISLAND, FL 34146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $11,346 | $21,523 | -$10,177 | $53,127 | $0 | $53,127 |
| March 31, 2024 | 990 | $21,810 | $23,348 | -$1,538 | $63,304 | $0 | $63,304 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $5,400
- Program service revenue
- $0
- Investment income
- $5,946
- Net gain from sales of assets
- $4,915
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,750
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,350
- Program services (functional)
- $5,750
- Management and general (functional)
- $15,773
Balance sheet and other
- Total assets, start of year
- $63,304
- Total assets, end of year
- $53,127
- Total liabilities, end of year
- $0
- Net assets, end of year
- $53,127
- Net assets with donor restrictions
- $53,127
- Gross receipts
- $74,804
- Employees
- 0
- Year formed
- 1995
- State of legal domicile
- DE
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 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary Ann Sarazen | President Trustee or director, Officer | 8 | $0 |
| Dawn Litchfield | Secretary/Treas Trustee or director, Officer | 2 | $0 |
| David Stonier | Director Trustee or director | 1 | $0 |
| John P Cardillo | Director Trustee or director | 1 | $0 |
| Gene Martin Ilnicki | Director Trustee or director | 1 | $0 |
| Pamela E Ilnicki | Director Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mary Ann Sarazen | President Trustee or director, Officer | 8 | $0 |
| Dawn Litchfield | Secretary/Treas Trustee or director, Officer | 2 | $0 |
| David Stonier | Director Trustee or director | 1 | $0 |
| John P Cardillo | Director Trustee or director | 1 | $0 |
| Gene Martin Ilnicki | Director Trustee or director | 1 | $0 |
| Pamela E Ilnicki | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 977, MARCO ISLAND, FL 34146-0977
- Principal officer (990 for 2024)
- Mary Ann Sarazen, PO Box 977, Marco Island, FL 341460977
- Signed the 990
- Mary Ann Sarazen, President
- Phone
- (239) 642-7742
- Website
- www.genesarazen.org
- Return prepared by
- Rogers Wood Hill Starman & Gustason PA
Mission
Gene Sarazen's philosophy was to "build a better way" of life where needs exist. To further the hopes and dreams of individuals and communities in need, Mr. Sarazen established The Gene and Mary Sarazen Foundation in 1995. Foundation support reaches out to a variety of local community needs ranging from health care to education, to families, to sports programs.
Program accomplishments
- Donations were made to various local charities and events such as and Marco Island Historical Society, Marco Police Foundation,and local schools.Expenses $5,750 · grants $5,750
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0584415
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70)
- Assets (IRS master file)
- $53,127
- Income (IRS master file)
- $74,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $11,346 | $21,523 | $53,127 | XML |
| 990 | March 2024 | $21,810 | $23,348 | $63,304 | XML |
| 990 | March 2023 | -$2,885 | $11,815 | $64,842 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 65-0584415).
Questions about GENE AND MARY SARAZEN FOUNDATION
- What is the EIN of GENE AND MARY SARAZEN FOUNDATION?
- The employer identification number (EIN) of GENE AND MARY SARAZEN FOUNDATION is 65-0584415.
- Is GENE AND MARY SARAZEN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to GENE AND MARY SARAZEN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GENE AND MARY SARAZEN FOUNDATION 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 GENE AND MARY SARAZEN FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GENE AND MARY SARAZEN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of GENE AND MARY SARAZEN FOUNDATION?
- The 990 for the year ended March 31, 2025 names Mary Ann Sarazen.
- Who are the officers and directors of GENE AND MARY SARAZEN FOUNDATION?
- The 990 for the year ended March 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does GENE AND MARY SARAZEN FOUNDATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $11,346, expenses of $21,523 and total assets of $53,127 at year end.
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