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Nonprofit · EIN 85-4091151

PANEBIANCO FAMILY FOUNDATION

Tax-exempt · RESTON, VA 20191

Financials

−$149K$66K2023$327K$122K2024
Revenue Expenses · by fiscal year end
Financials of PANEBIANCO FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$326,846$122,362$204,484$1,843,632$0$1,843,632
December 31, 2023990-$148,997$65,681-$214,678$1,639,148$0$1,639,148
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$41,707
Program service revenue
$0
Investment income
$302,798
Net gain from sales of assets
$296,653
Net income from fundraising events
-$17,659
Other revenue
-$17,659

Expenses

Grants and similar amounts paid
$75,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$85,500
Management and general (functional)
$36,862

Balance sheet and other

Total assets, start of year
$1,639,148
Total assets, end of year
$1,843,632
Total liabilities, end of year
$0
Net assets, end of year
$1,843,632
Publicly traded securities
$1,828,498
Gross receipts
$4,199,452
Employees
0
Volunteers
3
Year formed
2020
State of legal domicile
VA

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 / weekCompensation
JOSEPH PANEBIANCOPRESIDENT/DIRECTOR
Trustee or director, Officer
1$0
MORGAN GRACE PANEBIANCOSECRETARY/DIRECTOR
Trustee or director, Officer
1$0
MADELYN ROSE PANEBIANCOTREASURER/DIRECTOR
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
JOSEPH PANEBIANCOPRESIDENT/DIRECTOR
Trustee or director, Officer
1$0
MORGAN GRACE PANEBIANCOSECRETARY/DIRECTOR
Trustee or director, Officer
1$0
MADELYN ROSE PANEBIANCOTREASURER/DIRECTOR
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
12030 SUNRISE VALLEY DR STE 450, RESTON, VA 20191-3400
In care of
% TIM KIM
Principal officer (990 for 2024)
JOSEPH PANEBIANCO, 12030 SUNRISE VALLEY DRIVE 450, RESTON, VA 20191
Signed the 990
JOSEPH PANEBIANCO, PRESIDENT
Phone
(703) 437-9720
Return prepared by
GORFINE SCHILLER & GARDYN PA

Mission

ASSIST OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WILL ACCOMPLISH ITS GOALS BY PROVIDING GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS DETERMINED BY ITS BOARD OF DIRECTORS.

990 for the year ended December 31, 2024

Program accomplishments

  • ASSIST OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) AND SECTION 509(A)(1) OR SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WILL ACCOMPLISH ITS GOALS BY PROVIDING GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS DETERMINED BY ITS BOARD OF DIRECTORS.
    Expenses $85,500 · grants $75,000

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
85-4091151
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,843,632
Income (IRS master file)
$4,199,452

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$326,846$122,362$1,843,632XML
990December 2023-$148,997$65,681$1,639,148XML
990December 2022$10,257$118,549$1,853,826IRS
990December 2021–––IRS
990December 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 85-4091151).

Questions about PANEBIANCO FAMILY FOUNDATION

What is the EIN of PANEBIANCO FAMILY FOUNDATION?
The employer identification number (EIN) of PANEBIANCO FAMILY FOUNDATION is 85-4091151.
Is PANEBIANCO FAMILY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to PANEBIANCO FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PANEBIANCO FAMILY FOUNDATION 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 PANEBIANCO FAMILY 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 PANEBIANCO FAMILY FOUNDATION 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 PANEBIANCO FAMILY FOUNDATION?
The 990 for the year ended December 31, 2024 names JOSEPH PANEBIANCO.
Who are the officers and directors of PANEBIANCO FAMILY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does PANEBIANCO FAMILY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $326,846, expenses of $122,362 and total assets of $1,843,632 at year end.

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