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Nonprofit · EIN 76-0671962

IPPOLITO CHARITABLE FOUNDATION OF GALVESTON

Also known as PEPPER AMMANN

Tax-exempt · HOUSTON, TX 77019

Financials

$888K$1.3M2022$2.3M$2.1M2023$259K$90K2024
Revenue Expenses · by fiscal year end
Financials of IPPOLITO CHARITABLE FOUNDATION OF GALVESTON by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$259,351$90,011$169,340$17,631,922$0$17,631,922
November 30, 2024990-PF$2,266,279$2,065,307$200,972$17,462,582$0$17,462,582
November 30, 2023990-PF$888,289$1,257,347-$369,058$17,251,610$0$17,251,610
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$201,614
Interest
$4,880
Net gain from sales of assets
$48,775
Other income
$4,082

Expenses

Grants and similar amounts paid
$21,500
Compensation of officers, directors and key employees
$7,056
Disbursements for charitable purposes
$69,210
Excise tax on investment income
$3,316

Balance sheet and other

Total assets, start of year
$17,462,582
Total assets, end of year
$17,631,922
Total liabilities, end of year
$0
Net assets, end of year
$17,631,922
Fair market value of assets
$19,942,979
Qualifying distributions
$69,210
Net investment income
$259,351

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.

NameTitleHours / weekCompensationOther / benefits
Lee I Jurewitz
2001 Kirby Drive Suite 1200, Houston, TX 77019
Secretary10$4,704$360
Pepper I Ammann
2001 Kirby Drive Suite 1200, Houston, TX 77019
Treasurer9$2,352$180
John C Ippolito
2001 Kirby Drive Suite 1200, Houston, TX 77019
President1$0$0
Crys C Ippolito
2001 Kirby Drive Suite 1200, Houston, TX 77019
Vice President1$0$0
990-PF for the year ended November 30, 2024: 5 people
NameTitleHours / weekCompensationOther / benefits
Lee I Jurewitz
2001 Kirby Drive Suite 1200, Houston, TX 77019
Secretary10$62,335$4,332
Pepper I Ammann
2001 Kirby Drive Suite 1200, Houston, TX 77019
Treasurer9$34,168$2,177
MJ Alvarado
2001 Kirby Drive Suite 1200, Houston, TX 77019
Vice President5$32,807$2,297
John C Ippolito
2001 Kirby Drive Suite 1200, Houston, TX 77019
President1$6,000$0
Crys C Ippolito
2001 Kirby Drive Suite 1200, Houston, TX 77019
Vice President1$6,000$0
990-PF for the year ended November 30, 2023: 5 people
NameTitleHours / weekCompensation
Lee I Jurewitz
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
SEC15$93,026
Pepper I Ammann
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Treas12$40,247
MJ Alvarado
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
VP5$14,488
John C Ippolito
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Pres3$6,575
Crys C Ippolito
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
VP1$6,000

Address and contacts

Address (IRS master file)
2001 KIRBY DR STE 1200, HOUSTON, TX 77019-6044
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Pepper I Ammann, Treasurer
Phone
(713) 529-3729
Return prepared by
Blazek & Vetterling

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Check at the IRS
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
76-0671962
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
2001
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$18,772,742
Income (IRS master file)
$10,935,618

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$259,351$90,011$17,631,922XML
990-PFNovember 2024$2,266,279$2,065,307$17,462,582XML
990-PFNovember 2023$888,289$1,257,347$17,251,610XML
990-PFNovember 2022–––IRS
990-PFNovember 2021–––IRS
990-PFNovember 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 76-0671962).

Questions about IPPOLITO CHARITABLE FOUNDATION OF GALVESTON

What is the EIN of IPPOLITO CHARITABLE FOUNDATION OF GALVESTON?
The employer identification number (EIN) of IPPOLITO CHARITABLE FOUNDATION OF GALVESTON is 76-0671962.
Is IPPOLITO CHARITABLE FOUNDATION OF GALVESTON tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to IPPOLITO CHARITABLE FOUNDATION OF GALVESTON tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does IPPOLITO CHARITABLE FOUNDATION OF GALVESTON file?
Form 990-PF. Private foundations file every year.
When is the next return of IPPOLITO CHARITABLE FOUNDATION OF GALVESTON due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IPPOLITO CHARITABLE FOUNDATION OF GALVESTON 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 IPPOLITO CHARITABLE FOUNDATION OF GALVESTON?
The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $4,704 (Lee I Jurewitz, Secretary).
How much revenue does IPPOLITO CHARITABLE FOUNDATION OF GALVESTON have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $259,351, expenses of $90,011 and total assets of $17,631,922 at year end.

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