Nonprofit · EIN 85-1313037
VALK FAMILY FOUNDATION INC
Tax-exempt · PALM HARBOR, FL 34682
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $505,033 | $26,226 | $478,807 | $756,893 | $0 | $756,893 |
| December 31, 2023 | 990 | $36,095 | $42,961 | -$6,866 | $278,086 | $0 | $278,086 |
| December 31, 2022 | 990 | $16,109 | $25,896 | -$9,787 | $280,188 | $0 | $280,188 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $500,000
- Investment income
- $5,033
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,150
- Program services (functional)
- $26,226
Balance sheet and other
- Total assets, start of year
- $278,086
- Total assets, end of year
- $756,893
- Total liabilities, end of year
- $0
- Net assets, end of year
- $756,893
- Net assets without donor restrictions
- $756,893
- Gross receipts
- $505,033
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- FL
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KOUSKOUTIS | DIRECTOR Officer | – | $0 |
| NEIL VALK | PRESIDENT Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KOUSKOUTIS | DIRECTOR Officer | – | $0 |
| NEIL VALK | PRESIDENT Officer | – | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KOUSKOUTIS | DIRECTOR Officer | – | $0 |
| JENNIFER LANE | DIRECTOR Officer | – | $0 |
| NEIL VALK | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 804, PALM HARBOR, FL 34682-0804
- In care of
- % NEIL VALK
- Principal officer (990 for 2024)
- NEIL VALK, PO BOX 804, PALM HARBOR, FL 34682
- Signed the 990
- NEIL VALK, PRESIDENT
- Phone
- (727) 781-7100
- Return prepared by
- VITTAX ADVISORY CORPORATION
Mission
SUPPORTING YOUTH ACTIVITIES IN THE COMMUNITY.
Program accomplishments
- SUPPORTING YOUTH ACTIVITIES IN THE COMMUNITY.Expenses $12,409
- SUPPORTING YOUTH ACTIVITIES IN THE COMMUNITY.Expenses $7,409
- SUPPORTING YOUTH ACTIVITIES IN THE COMMUNITY.Expenses $6,408
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1313037
- 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
- Category (NTEE)
- Human services (P30)
- Assets (IRS master file)
- $756,893
- Income (IRS master file)
- $505,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $505,033 | $26,226 | $756,893 | XML |
| 990 | December 2023 | $36,095 | $42,961 | $278,086 | XML |
| 990 | December 2022 | $16,109 | $25,896 | $280,188 | XML |
| 990 | June 2022 | $71,942 | $17,194 | $289,975 | 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 85-1313037).
Questions about VALK FAMILY FOUNDATION INC
- What is the EIN of VALK FAMILY FOUNDATION INC?
- The employer identification number (EIN) of VALK FAMILY FOUNDATION INC is 85-1313037.
- Is VALK FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to VALK FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALK FAMILY 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 VALK FAMILY 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 VALK FAMILY 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 VALK FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names NEIL VALK.
- Who are the officers and directors of VALK FAMILY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does VALK FAMILY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $505,033, expenses of $26,226 and total assets of $756,893 at year end.
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