Nonprofit · EIN 83-2554356
DEVITO WATSON FOUNDATION
Tax-exempt (reinstated) · RUTHERFORD, NJ 07070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $8,021 | $11,375 | -$3,354 | $155,234 | $0 | $155,234 |
| December 31, 2024 | 990-PF | -$394,595 | $26,741 | -$421,336 | $158,588 | $0 | $158,588 |
| December 31, 2023 | 990-PF | $1 | $39,243 | -$39,242 | $680,838 | $100,914 | $579,924 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,090
- Interest
- $4,846
- Other income
- $85
Expenses
- Grants and similar amounts paid
- $2,500
- Disbursements for charitable purposes
- $2,500
- Excise tax on investment income
- $67
Balance sheet and other
- Total assets, start of year
- $158,588
- Total assets, end of year
- $155,234
- Total liabilities, end of year
- $0
- Net assets, end of year
- $155,234
- Qualifying distributions
- $2,500
- Net investment income
- $4,846
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTONIA E PALMIERI 445 PARK AVENUE, NEW YORK, NY 10022 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTONIA E PALMIERI 445 PARK AVENUE, NEW YORK, NY 10022 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTONIA E PALMIERI 445 PARK AVENUE, NEW YORK, NY 10022 | PRESIDENT | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 185 W PASSAIC AVE, RUTHERFORD, NJ 07070-1936
- In care of
- % ANTONIA PALMIERI
- Signed the 990-PF
- ANTONIA E PALMIERI, PRESIDENT
- Phone
- (347) 768-5952
- Return prepared by
- VARRONE AND ASSOCIATES 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 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 | 990-PF 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
- 83-2554356
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $155,234
- Income (IRS master file)
- $8,021
Revocation and reinstatement
- Exemption revoked
- May 15, 2021
- Posted by the IRS
- August 9, 2021
- Reinstated
- Effective May 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $8,021 | $11,375 | $155,234 | XML |
| 990-PF | December 2024 | -$394,595 | $26,741 | $158,588 | XML |
| 990-PF | December 2023 | $1 | $39,243 | $680,838 | XML |
| 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 83-2554356).
Questions about DEVITO WATSON FOUNDATION
- What is the EIN of DEVITO WATSON FOUNDATION?
- The employer identification number (EIN) of DEVITO WATSON FOUNDATION is 83-2554356.
- Is DEVITO WATSON FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
- Are donations to DEVITO WATSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does DEVITO WATSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DEVITO WATSON FOUNDATION 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 DEVITO WATSON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of DEVITO WATSON FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does DEVITO WATSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $8,021, expenses of $11,375 and total assets of $155,234 at year end.
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