Nonprofit · EIN 81-4745940
ASNESS FAMILY FOUNDATION
Tax-exempt · MELVILLE, NY 11747
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990-PF | $6,679,673 | $7,508,631 | -$828,958 | $23,915,295 | $0 | $23,915,295 |
| February 29, 2024 | 990-PF | $7,064,045 | $8,317,626 | -$1,253,581 | $24,744,253 | $0 | $24,744,253 |
| February 28, 2023 | 990-PF | $5,614,036 | $9,525,235 | -$3,911,199 | $25,997,834 | $0 | $25,997,834 |
Financial details: 990-PF for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $2,866,014
- Interest
- $44,195
- Net gain from sales of assets
- $1,666,534
- Other income
- $2,102,930
Expenses
- Grants and similar amounts paid
- $5,775,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,795,672
- Excise tax on investment income
- $68,619
Balance sheet and other
- Total assets, start of year
- $24,744,253
- Total assets, end of year
- $23,915,295
- Total liabilities, end of year
- $0
- Net assets, end of year
- $23,915,295
- Fair market value of assets
- $23,832,643
- Qualifying distributions
- $5,795,672
- Net investment income
- $6,493,299
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 February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLIFFORD S ASNESS C/O CBIZ -68 S SERVICE RD, MELVILLE, NY 11747 | TRUSTEE | 5 | $0 |
990-PF for the year ended February 29, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLIFFORD S ASNESS C/O CBIZ -68 S SERVICE RD, MELVILLE, NY 11747 | TRUSTEE | 5 | $0 |
990-PF for the year ended February 28, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLIFFORD S ASNESS C/O MARCUM LLP 10 MELVILLE PARK RD, MELVILLE, NY 11747 | TRUSTEE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- C/O CBIZ -68 S SERVICE RD, MELVILLE, NY 11747-0000
- In care of
- % THE FOUNDATION
- Signed the 990-PF
- CLIFFORD ASNESS, TRUSTEE
- Phone
- (631) 414-4000
- Return prepared by
- CBIZ Advisors 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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990-PF on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-4745940
- 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
- 2017
- Accounting year ends
- February
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $23,915,295
- Income (IRS master file)
- $8,675,833
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | February 2025 | $6,679,673 | $7,508,631 | $23,915,295 | XML |
| 990-T | February 2025 | – | – | – | IRS |
| 990-PF | February 2024 | $7,064,045 | $8,317,626 | $24,744,253 | XML |
| 990-PF | February 2023 | $5,614,036 | $9,525,235 | $25,997,834 | XML |
| 990-PF | February 2022 | – | – | – | IRS |
| 990-PF | February 2021 | – | – | – | IRS |
| 990-PF | February 2020 | – | – | – | IRS |
| 990-PF | February 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 81-4745940).
Questions about ASNESS FAMILY FOUNDATION
- What is the EIN of ASNESS FAMILY FOUNDATION?
- The employer identification number (EIN) of ASNESS FAMILY FOUNDATION is 81-4745940.
- Is ASNESS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to ASNESS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ASNESS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ASNESS FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASNESS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended February 2025.
- Who are the officers and directors of ASNESS FAMILY FOUNDATION?
- The 990-PF for the year ended February 28, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does ASNESS FAMILY FOUNDATION have?
- On its 990-PF for the year ended February 28, 2025 it reported revenue of $6,679,673, expenses of $7,508,631 and total assets of $23,915,295 at year end.
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