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Nonprofit · EIN 84-2735202

AC & JC FOUNDATION

Tax-exempt · NEW YORK, NY 10011

Financials

$26.5M$9.4M2023$10.9M$11.2M2024
Revenue Expenses · by fiscal year end
Financials of AC & JC FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$10,884,043$11,229,790-$345,747$24,915,190$5,169,835$19,745,355
December 31, 2023990-PF$26,492,081$9,404,328$17,087,753$25,850,805$5,759,703$20,091,102
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,000,000
Interest
$884,043

Expenses

Grants and similar amounts paid
$9,290,554
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$718,752
Disbursements for charitable purposes
$10,990,154
Excise tax on investment income
$12,288

Balance sheet and other

Total assets, start of year
$25,850,805
Total assets, end of year
$24,915,190
Total liabilities, end of year
$5,169,835
Net assets, end of year
$19,745,355
Fair market value of assets
$24,915,190
Qualifying distributions
$11,411,687
Net investment income
$884,043

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
TOYA WILLIFORD
23 WEST 20TH STREET, NEW YORK, NY 10011
EXECUTIVE DIRECTOR
Highest-paid employee
40$265,698$89,465
CHRIS KELSAW
23 WEST 20TH STREET, NEW YORK, NY 10011
FINANCE AND OPERATIO
Highest-paid employee
40$155,774$36,139
ANNA NICHOLE GORMAN
23 WEST 20TH STREET, NEW YORK, NY 10011
PROGRAM OFFICER
Highest-paid employee
40$112,994$64,602
WILLIAM CEPEDA
23 WEST 20TH STREET, NEW YORK, NY 10011
HOSPITALITY SPECIALI
Highest-paid employee
40$70,245$25,122
APRIL STARK
23 WEST 20TH STREET, NEW YORK, NY 10011
EXEC. ASSIST. TO PRE
Highest-paid employee
40$52,640$35,914
JACOB CAPPELL
23 WEST 20TH STREET, NEW YORK, NY 10011
CO-PRESIDENT1$0$0
AUDREY CAPPELL
23 WEST 20TH STREET, NEW YORK, NY 10011
CO-PRESIDENT1$0$0
JOSEPH COSMAI
23 WEST 20TH STREET, NEW YORK, NY 10011
TREASURER & SECRETARY0.25$0$0
JEFFREY WACKSMAN
23 WEST 20TH STREET, NEW YORK, NY 10011
DIRECTOR0.25$0$0
990-PF for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
TOYA WILLIFORD
25 EAST 22ND STREET, NEW YORK, NY 10010
EXECUTIVE DIRECTOR
Highest-paid employee
40$253,065$85,558
CHRIS KELSAW
25 EAST 22ND STREET, NEW YORK, NY 10010
FINANCE AND OPERATIO
Highest-paid employee
40$133,698$34,009
ANNA NICHOLE GORMAN
25 EAST 22ND STREET, NEW YORK, NY 10010
PROGRAM OFFICER
Highest-paid employee
40$101,828$49,354
APRIL STARK
25 EAST 22ND STREET, NEW YORK, NY 10010
EXEC. ASSISTANT TO T
Highest-paid employee
40$96,198$66,040
JACOB CAPPELL
25 EAST 22ND STREET, NEW YORK, NY 10010
CO-PRESIDENT1$0$0
AUDREY CAPPELL
25 EAST 22ND STREET, NEW YORK, NY 10010
CO-PRESIDENT1$0$0
JOSEPH COSMAI
25 EAST 22ND STREET, NEW YORK, NY 10010
TREASURER & SECRETARY0.25$0$0
JEFFREY WACKSMAN
25 EAST 22ND STREET, NEW YORK, NY 10010
DIRECTOR0.25$0$0

Address and contacts

Address (IRS master file)
23 W 20TH ST FL 2, NEW YORK, NY 10011-3701
In care of
% JEFFREY E WACKSMAN
Signed the 990-PF
JOSEPH COSMAI, TREASURER & SECRETARY
Phone
(646) 362-0039
Return prepared by
GRANT THORNTON 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 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, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
84-2735202
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)
Human services (P20)
Assets (IRS master file)
$24,915,190
Income (IRS master file)
$10,884,043

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$10,884,043$11,229,790$24,915,190XML
990-PFDecember 2023$26,492,081$9,404,328$25,850,805XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 84-2735202).

Questions about AC & JC FOUNDATION

What is the EIN of AC & JC FOUNDATION?
The employer identification number (EIN) of AC & JC FOUNDATION is 84-2735202.
Is AC & JC FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to AC & JC FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does AC & JC FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of AC & JC 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 AC & JC 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 AC & JC FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $265,698 (TOYA WILLIFORD, EXECUTIVE DIRECTOR).
How much revenue does AC & JC FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $10,884,043, expenses of $11,229,790 and total assets of $24,915,190 at year end.

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