Nonprofit · EIN 83-1047438
JOLY FAMILY FOUNDATION
Tax-exempt · ALBANY, NY 12212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,024,879 | $384,387 | $640,492 | $11,700,288 | $0 | $11,700,288 |
| December 31, 2023 | 990-PF | -$170,658 | $183,110 | -$353,768 | $11,061,780 | $0 | $11,061,780 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $211,881
- Interest
- $8,163
- Net gain from sales of assets
- $748,427
- Other income
- $56,408
Expenses
- Grants and similar amounts paid
- $345,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $350,145
- Excise tax on investment income
- $13,770
Balance sheet and other
- Total assets, start of year
- $11,061,780
- Total assets, end of year
- $11,700,288
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,700,288
- Fair market value of assets
- $11,532,103
- Qualifying distributions
- $550,145
- Net investment income
- $1,024,885
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 |
|---|---|---|---|
| HUBERT B JOLY C/O AYCO COMPANY 100 COLISEUM DRIVE, COHOES, NY 12047 | PRESIDENT & TREASURER | 1 | $0 |
| AGATHE JOLY C/O AYCO COMPANY 100 COLISEUM DRIVE, COHOES, NY 12047 | SECRETARY | 1 | $0 |
| STANISLAS JOLY C/O AYCO COMPANY 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HUBERT B JOLY C/O AYCO COMPANY 100 COLISEUM DRIVE, COHOES, NY 12047 | PRESIDENT & TREASURER | 1 | $0 |
| AGATHE JOLY C/O AYCO COMPANY 100 COLISEUM DRIVE, COHOES, NY 12047 | SECRETARY | 1 | $0 |
| STANISLAS JOLY C/O AYCO COMPANY 100 COLISEUM DRIVE, COHOES, NY 12047 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- GOLDMAN SACHS WEALTH SERVICES, ALBANY, NY 12212-0000
- In care of
- % AYCO CO LP
- Signed the 990-PF
- HUBERT B JOLY, PRESIDENT & TREASURER
- Phone
- (518) 886-4273
- Return prepared by
- RSM US LLP
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
- 83-1047438
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $11,700,288
- Income (IRS master file)
- $27,169,583
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,024,879 | $384,387 | $11,700,288 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | -$170,658 | $183,110 | $11,061,780 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 83-1047438).
Questions about JOLY FAMILY FOUNDATION
- What is the EIN of JOLY FAMILY FOUNDATION?
- The employer identification number (EIN) of JOLY FAMILY FOUNDATION is 83-1047438.
- Is JOLY FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to JOLY FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOLY FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOLY FAMILY FOUNDATION 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 JOLY FAMILY FOUNDATION 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 JOLY FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does JOLY FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,024,879, expenses of $384,387 and total assets of $11,700,288 at year end.
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