Nonprofit · EIN 83-3712492
BALAS FAMILY FOUNDATION FOR CHILDREN LLC
Also known as MICHAEL P BALAS SOLE MBR
Tax-exempt · BOCA RATON, FL 33432
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $5,002 | $9,357 | -$4,355 | $34,596 | $0 | $34,596 |
| December 31, 2024 | 990-PF | $3,625 | $5,519 | -$1,894 | $38,951 | $0 | $38,951 |
| December 31, 2023 | 990-PF | $252 | $5,649 | -$5,397 | $40,845 | $0 | $40,845 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,000
- Interest
- $2
Expenses
- Grants and similar amounts paid
- $4,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $5,781
Balance sheet and other
- Total assets, start of year
- $38,951
- Total assets, end of year
- $34,596
- Total liabilities, end of year
- $0
- Net assets, end of year
- $34,596
- Fair market value of assets
- $34,596
- Qualifying distributions
- $5,781
- Net investment income
- $2
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 |
|---|---|---|---|
| MICHAEL P BALAS 725 S OCEAN BLVD PH1, BOCA RATON, FL 33432 | TRUSTEE & DIRECTOR | 1 | $0 |
| MARIE J CORSETTI 725 S OCEAN BLVD PH1, BOCA RATON, FL 33432 | CO-DIRECTOR | 1 | $0 |
| MADISON E BALAS 725 S OCEAN BLVD PH1, BOCA RATON, FL 33432 | AMBASSADOR | 1 | $0 |
| CAROLINA RINCHERE 725 S OCEAN BLVD PH1, BOCA RATON, FL 33432 | AMBASSADOR | 1 | $0 |
| JUDITH A BRADLEY 725 S OCEAN BLVD PH1, BOCA RATON, FL 33432 | COMMUNITY OUTREACH ADVISOR | 1 | $0 |
| STEVEN M BALAS 725 S OCEAN BLVD PH1, BOCA RATON, FL 33432 | CO-TRUSTEE & LEGAL ADVISOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL P BALAS 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | TRUSTEE & DIRECTOR | 1 | $0 |
| MARIE J CORSETTI 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | CO-DIRECTOR | 1 | $0 |
| MADISON E BALAS 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | AMBASSADOR | 1 | $0 |
| CAROLINA RINCHERE 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | AMBASSADOR | 1 | $0 |
| JUDITH A BRADLEY 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | COMMUNITY OUTREACH ADVISOR | 1 | $0 |
| STEVEN M BALAS 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | CO-TRUSTEE & LEGAL ADVISOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL P BALAS 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | TRUSTEE & DIRECTOR | 1 | $0 |
| MARIE J CORSETTI 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | CO-DIRECTOR | 1 | $0 |
| MADISON E BALAS 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | AMBASSADOR | 1 | $0 |
| CAROLINA RINCHERE 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | AMBASSADOR | 1 | $0 |
| JUDITH A BRADLEY 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | COMMUNITY OUTREACH ADVISOR | 1 | $0 |
| STEVEN M BALAS 413 EAST PALMETTO PARK ROAD UNIT, 755, BOCA RATON, FL 33432 | CO-TRUSTEE & LEGAL ADVISOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 725 S OCEAN BLVD PH 1, BOCA RATON, FL 33432-6441
- Signed the 990-PF
- MICHAEL P BALAS, FOUNDATION MANAGER
- Phone
- (281) 352-3803
- 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 | 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
- 83-3712492
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P30)
- Assets (IRS master file)
- $34,596
- Income (IRS master file)
- $5,002
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $5,002 | $9,357 | $34,596 | XML |
| 990-PF | December 2024 | $3,625 | $5,519 | $38,951 | XML |
| 990-PF | December 2023 | $252 | $5,649 | $40,845 | 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 83-3712492).
Questions about BALAS FAMILY FOUNDATION FOR CHILDREN LLC
- What is the EIN of BALAS FAMILY FOUNDATION FOR CHILDREN LLC?
- The employer identification number (EIN) of BALAS FAMILY FOUNDATION FOR CHILDREN LLC is 83-3712492.
- Is BALAS FAMILY FOUNDATION FOR CHILDREN LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BALAS FAMILY FOUNDATION FOR CHILDREN LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BALAS FAMILY FOUNDATION FOR CHILDREN LLC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BALAS FAMILY FOUNDATION FOR CHILDREN LLC 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 BALAS FAMILY FOUNDATION FOR CHILDREN LLC 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 BALAS FAMILY FOUNDATION FOR CHILDREN LLC?
- The 990-PF for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does BALAS FAMILY FOUNDATION FOR CHILDREN LLC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $5,002, expenses of $9,357 and total assets of $34,596 at year end.
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