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Nonprofit · EIN 84-4402401

PALMISANO FOUNDATION INC

Tax-exempt · METAIRIE, LA 70001

Financials

$368K$284K2023$368K$323K2024
Revenue Expenses · by fiscal year end
Financials of PALMISANO FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$367,661$322,755$44,906$223,846$1,685$222,161
December 31, 2023990$367,544$283,898$83,646$226,207$48,952$177,255
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$411,730
Program service revenue
$0
Investment income
$0
Net income from fundraising events
-$44,069
Other revenue
-$44,069

Expenses

Grants and similar amounts paid
$235,462
Compensation of officers, directors and key employees
$62,400
Salaries, compensation and benefits (total)
$73,793
Professional fundraising fees
$0
Accounting fees
$3,195
Program services (functional)
$322,755

Balance sheet and other

Total assets, start of year
$226,207
Total assets, end of year
$223,846
Total liabilities, end of year
$1,685
Net assets, end of year
$222,161
Net assets with donor restrictions
$222,161
Gross receipts
$411,730
Employees
1
Volunteers
0
Year formed
2020
State of legal domicile
LA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SHERRY SERIOEXECUTIVE DIRECTOR
Officer
1$62,400$11,393
WESLEY PALMISANOPRESIDENT & DIRECTOR
Trustee or director, Officer
1$0$0
ANN PALMISANOTREASURER & DIRECTOR
Trustee or director, Officer
1$0$0
DIANA ROSENSECRETARY & DIRECTOR
Trustee or director, Officer
1$0$0
ERIKA BUSHBOARD MEMBER
Trustee or director
0$0$0
KRISTAL DRODDYBOARD MEMBER
Trustee or director
0$0$0
WILL COTTENBOARD MEMBER
Trustee or director
0$0$0
DAVID GREENWOODBOARD MEMBER
Trustee or director
0$0$0
TANYA FREEMANBOARD MEMBER
Trustee or director
0$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
SHERRY SERIOEXECUTIVE DIRECTOR
Officer
1$62,400$6,610
WESLEY PALMISANOPRESIDENT & DIRECTOR
Trustee or director, Officer
1$0$0
ANN PALMISANOTREASURER & DIRECTOR
Trustee or director, Officer
1$0$0
DIANA ROSENSECRETARY & DIRECTOR
Trustee or director, Officer
1$0$0
ERIKA BUSHBOARD MEMBER
Trustee or director
0$0$0
KRISTAL DRODDYBOARD MEMBER
Trustee or director
0$0$0
WILL COTTENBOARD MEMBER
Trustee or director
0$0$0
DAVID GREENWOODBOARD MEMBER
Trustee or director
0$0$0
TANYA FREEMANBOARD MEMBER
Trustee or director
0$0$0

Address and contacts

Address (IRS master file)
1015 RENEGADE WAY, METAIRIE, LA 70001-0000
In care of
% KRISTAL DRODDY
Principal officer (990 for 2024)
WESLEY PALMISANO, 1450 L AND A ROAD, METAIRIE, LA 70001
Signed the 990
WESLEY PALMISANO, PRESIDENT & DIRECTOR
Phone
(504) 620-8022
Return prepared by
DUPLANTIER HRAPMANN HOGAN & MAHER LLP

Mission

PALMISANO FOUNDATION, INC. IS DEDICATED TO HAVING AN IMPACT ON A BROAD RANGE OF SOCIAL ISSUES; WITH A SPECIAL FOCUS ON DISADVANTAGED YOUTH, THE FUTURE OF THE AEC (ARCHITECTURE, ENGINEERING, & CONSTRUCTION) INDUSTRY, AND EDUCATIONAL INITIATIVES SUPPORTING THE WORLD'S NEXT GENERATION OF GREAT THINKERS AND DOERS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED SCHOLARSHIPS TO STUDENTS STUDYING ENGINEERING AND CONSTRUCTION AT LOCAL UNIVERSITIES AND HOSPITALS.
    Expenses $80,000 · grants $80,000
  • ASSISTANCE PROVIDED TO VARIOUS ORGANIZATIONS TO FURTHER OUR MISSION
    Expenses $242,755 · grants $155,462

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
84-4402401
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$223,846
Income (IRS master file)
$411,730

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$367,661$322,755$223,846XML
990December 2023$367,544$283,898$226,207XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 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 84-4402401).

Questions about PALMISANO FOUNDATION INC

What is the EIN of PALMISANO FOUNDATION INC?
The employer identification number (EIN) of PALMISANO FOUNDATION INC is 84-4402401.
Is PALMISANO FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to PALMISANO FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PALMISANO FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PALMISANO FOUNDATION INC 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 PALMISANO FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PALMISANO FOUNDATION INC?
The 990 for the year ended December 31, 2024 names WESLEY PALMISANO.
Who are the officers and directors of PALMISANO FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $62,400 (SHERRY SERIO, EXECUTIVE DIRECTOR).
How much revenue does PALMISANO FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $367,661, expenses of $322,755 and total assets of $223,846 at year end.

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