Nonprofit · EIN 65-1068212
POSNICK FAMILY FOUNDATION INC
Tax-exempt · MEDFORD, MA 02155
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-PF | $60,173 | $23,525 | $36,648 | $447,827 | $0 | $447,827 |
| September 30, 2024 | 990-PF | $92,703 | $33,169 | $59,534 | $426,424 | $0 | $426,424 |
| September 30, 2023 | 990-PF | $41,466 | $37,122 | $4,344 | $354,982 | $0 | $354,982 |
Financial details: 990-PF for the year ended September 30, 2025
Revenue
- Net gain from sales of assets
- $60,173
Expenses
- Grants and similar amounts paid
- $23,050
- Disbursements for charitable purposes
- $23,050
- Excise tax on investment income
- $836
Balance sheet and other
- Total assets, start of year
- $426,424
- Total assets, end of year
- $447,827
- Total liabilities, end of year
- $0
- Net assets, end of year
- $447,827
- Fair market value of assets
- $447,827
- Qualifying distributions
- $23,050
- Net investment income
- $60,173
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL POSNICK 51 WEST 86TH ST APT 1002, New York, NY 10024 | PRESIDENT, DIRECTOR | 1 | $0 |
| NOAM WAKSMAN 49 STANLEY AVE, Medford, MA 02155 | TREASURER | 1 | $0 |
| BETSY POSNICK WAKSMAN 147 COOLEY DR, Longmeadow, MA 01106 | CLERK | 1 | $0 |
| SUSAN POSNICK 4242 LOMO ALTO W 22, Dallas, TX 75219 | DIRECTOR | 1 | $0 |
| DAVID WAKSMAN 250 HAMMOND POND PKWY, Chestnut Hill, MA 02467 | DIRECTOR | 1 | $0 |
| NANCY POSNICK 147 COOLEY DRIVE, Longmeadow, MA 01106 | DIRECTOR | 1 | $0 |
| REBECCA ABRAMSON 141 S MAIN STREET, 2ND FLOOR, Brooklyn, CT 06234 | DIRECTOR | 1 | $0 |
| JOSHUA POSNICK 28 1ST STREET, Suffern, NY 10901 | DIRECTOR | 1 | $0 |
| IDAN WAKSMAN 2019 POPLAR ST, Philadelphia, PA 19130 | DIRECTOR | 1 | $0 |
990-PF for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL POSNICK 51 WEST 86TH ST APT 1002, New York, NY 10024 | PRESIDENT, DIRECTOR | 1 | $0 |
| NOAM WAKSMAN 49 STANLEY AVE, Medford, MA 02155 | TREASURER | 1 | $0 |
| BETSY POSNICK WAKSMAN 147 COOLEY DR, Longmeadow, MA 01106 | CLERK | 1 | $0 |
| SUSAN POSNICK 4242 LOMO ALTO W 22, Dallas, TX 75219 | DIRECTOR | 1 | $0 |
| DAVID WAKSMAN 250 HAMMOND POND PKWY, Chestnut Hill, MA 02467 | DIRECTOR | 1 | $0 |
| NANCY POSNICK 147 COOLEY DRIVE, Longmeadow, MA 01106 | DIRECTOR | 1 | $0 |
| REBECCA ABRAMSON 141 S MAIN STREET, 2ND FLOOR, Brooklyn, CT 06234 | DIRECTOR | 1 | $0 |
| JOSHUA POSNICK 28 1ST STREET, Suffern, NY 10901 | DIRECTOR | 1 | $0 |
| IDAN WAKSMAN 2019 POPLAR ST, Philadelphia, PA 19130 | DIRECTOR | 1 | $0 |
990-PF for the year ended September 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL POSNICK 51 WEST 86TH ST APT 1002, New York, NY 10024 | PRESIDENT, DIRECTOR | 1 | $0 |
| NOAM WAKSMAN 49 STANLEY AVE, Medford, MA 02155 | TREASURER, DIRECTOR | 1 | $0 |
| BETSY POSNICK WAKSMAN 27 LANTERN LANE, Wellesley, MA 02481 | CLERK, DIRECTOR | 1 | $0 |
| SUSAN POSNICK 3221 ARMSTRONG AVE, Dallas, TX 75205 | DIRECTOR | 1 | $0 |
| DAVID WAKSMAN 27 LANTERN LANE, Wellesley, MA 02481 | DIRECTOR | 1 | $0 |
| NANCY POSNICK 147 COOLEY DRIVE, Longmeadow, MA 01106 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 49 STANLEY AVE, MEDFORD, MA 02155-5617
- In care of
- % NANCY POSNICK
- Signed the 990-PF
- NOAM WAKSMAN, TREASURER
- Phone
- (781) 864-6414
- Return prepared by
- HRB TAX GROUP INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990-PF on file |
IRS record
- EIN
- 65-1068212
- 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
- 2007
- Accounting year ends
- September
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $447,827
- Income (IRS master file)
- $60,173
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | September 2025 | $60,173 | $23,525 | $447,827 | XML |
| 990-PF | September 2024 | $92,703 | $33,169 | $426,424 | XML |
| 990-PF | September 2023 | $41,466 | $37,122 | $354,982 | XML |
| 990-PF | September 2022 | – | – | – | IRS |
| 990-PF | September 2021 | – | – | – | IRS |
| 990-PF | September 2020 | – | – | – | IRS |
| 990-PF | September 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 65-1068212).
Questions about POSNICK FAMILY FOUNDATION INC
- What is the EIN of POSNICK FAMILY FOUNDATION INC?
- The employer identification number (EIN) of POSNICK FAMILY FOUNDATION INC is 65-1068212.
- Is POSNICK FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to POSNICK FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does POSNICK FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of POSNICK FAMILY FOUNDATION INC 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 POSNICK FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended September 2025.
- Who are the officers and directors of POSNICK FAMILY FOUNDATION INC?
- The 990-PF for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does POSNICK FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended September 30, 2025 it reported revenue of $60,173, expenses of $23,525 and total assets of $447,827 at year end.
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