Nonprofit · EIN 85-2857189
JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC
Also known as FOUNDATION FOR ARTS AND SCIENCE
Tax-exempt · PALM BEACH, FL 33480
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $4,998,396 | $142,887 | $4,855,509 | $6,907,893 | $12,000 | $6,895,893 |
| December 31, 2024 | 990-PF | $194,088 | $177,766 | $16,322 | $2,058,384 | $18,000 | $2,040,384 |
| December 31, 2023 | 990-PF | -$107,784 | $256,611 | -$364,395 | $2,036,062 | $12,000 | $2,024,062 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,663,457
- Dividends
- $23,177
- Net gain from sales of assets
- $311,510
- Other income
- $252
Expenses
- Grants and similar amounts paid
- $52,200
- Compensation of officers, directors and key employees
- $72,000
- Disbursements for charitable purposes
- $92,596
- Excise tax on investment income
- $4,027
Balance sheet and other
- Total assets, start of year
- $2,058,384
- Total assets, end of year
- $6,907,893
- Total liabilities, end of year
- $12,000
- Net assets, end of year
- $6,895,893
- Fair market value of assets
- $7,601,070
- Qualifying distributions
- $92,596
- Net investment income
- $334,939
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 |
|---|---|---|---|
| R ELLEN AVELLINO 2150 IBIS ISLE RD PH-1, PALM BEACH, FL 33480 | TREASURER | 26 | $72,000 |
| JOHN T AVELLINO 2150 IBIS ISLE RD PH-1, PALM BEACH, FL 33480 | PRESIDENT | 0 | $0 |
| GABRIELLA JULIET AVELLINO MD 2150 IBIS ISLE RD PH-1, PALM BEACH, FL 33480 | ASSISTANT TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| R ELLEN AVELLINO 2150 IBIS ISLE RD PH-1, PALM BEACH, FL 33480 | TREASURER | 26 | $72,000 |
| JOHN T AVELLINO 2150 IBIS ISLE RD PH-1, PALM BEACH, FL 33480 | PRESIDENT | 0 | $0 |
| GABRIELLA JULIET AVELLINO MD 2150 IBIS ISLE RD PH-1, PALM BEACH, FL 33480 | ASSISTANT TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSALIA ELLEN AVELLINO 2 PUTNAM HILL, GREENWICH, CT 06836 | FTD MGR/ASST SECY | 26 | $72,000 |
| JOAN SCHECHTMAN 2 PUTNAM HILL, GREENWICH, CT 06836 | PRES/DIRECTOR | 4 | $0 |
| JOHN T AVELLINO 2 PUTNAM HILL, GREENWICH, CT 06836 | VP/DIRECTOR/ASST SECY | 3 | $0 |
| GABRIELLA JULIET AVELLINO MD 2 PUTNAM HILL, GREENWICH, CT 06836 | VP/DIRECTOR/ASST TREAS | 4 | $0 |
Address and contacts
- Address (IRS master file)
- C/O AVELLINO 2150 IBIS ISLE RD PH-1, PALM BEACH, FL 33480-0000
- In care of
- % R ELLEN AVELLINO
- Signed the 990-PF
- R ELLEN AVELLINO, TREASURER
- Phone
- (203) 918-6691
- Return prepared by
- GRODSKY CAPORRINO & KAUFMAN 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
- 85-2857189
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $6,907,893
- Income (IRS master file)
- $6,500,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $4,998,396 | $142,887 | $6,907,893 | IRS |
| 990-PF | December 2024 | $194,088 | $177,766 | $2,058,384 | XML |
| 990-PF | December 2023 | -$107,784 | $256,611 | $2,036,062 | 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 85-2857189).
Questions about JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC
- What is the EIN of JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC?
- The employer identification number (EIN) of JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC is 85-2857189.
- Is JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC 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 JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC 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 JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $72,000 (R ELLEN AVELLINO, TREASURER).
- How much revenue does JOAN SCHECHTMAN FOUNDATION FOR THE ARTS AND SCIENCES INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $4,998,396, expenses of $142,887 and total assets of $6,907,893 at year end.
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