Nonprofit · EIN 85-4338436
LEONE FAMILY FOUNDATION
Tax-exempt · SUMMIT, NJ 07901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | -$10,042,549 | $998,836 | -$11,041,385 | $27,242,973 | $0 | $27,242,973 |
| December 31, 2023 | 990-PF | -$908,676 | $1,559,324 | -$2,468,000 | $38,284,358 | $0 | $38,284,358 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $75,000
- Dividends
- $51,871
- Interest
- $32
- Net gain from sales of assets
- -$10,169,452
Expenses
- Grants and similar amounts paid
- $989,436
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $989,436
- Excise tax on investment income
- $718
Balance sheet and other
- Total assets, start of year
- $38,284,358
- Total assets, end of year
- $27,242,973
- Total liabilities, end of year
- $0
- Net assets, end of year
- $27,242,973
- Fair market value of assets
- $13,758,275
- Qualifying distributions
- $989,436
- Net investment income
- $51,903
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN LEONE 14 FRIAR TUCK CIRCLE, SUMMIT, NJ 07901 | DIRECTOR - SECRETARY | 0 | $0 |
| JOSEPH LEONE 71 MINNISINK ROAD, SHORT HILLS, NJ 07078 | DIRECTOR - PRESIDENT | 0 | $0 |
| NANCY LEONE 71 MINNISINK ROAD, SHORT HILLS, NJ 07078 | DIRECTOR - TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTIAN LEONE 14 FRIAR TUCK CIRCLE, SUMMIT, NJ 07901 | DIRECTOR - SECRETARY | 0 | $0 |
| JOSEPH LEONE 71 MINNISINK ROAD, SHORT HILLS, NJ 07078 | DIRECTOR - PRESIDENT | 0 | $0 |
| NANCY LEONE 71 MINNISINK ROAD, SHORT HILLS, NJ 07078 | DIRECTOR - TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 14 FRIAR TUCK CIR, SUMMIT, NJ 07901-3713
- In care of
- % FLSV LLP
- Signed the 990-PF
- CHRISTIAN LEONE, SECRETARY
- Phone
- (212) 872-7480
- Return prepared by
- FRANKEL LOUGHRAN STARR & VALLONE 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 | Not 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
- 85-4338436
- 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 (T22)
- Assets (IRS master file)
- $27,242,973
- Income (IRS master file)
- $7,754,938
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | -$10,042,549 | $998,836 | $27,242,973 | XML |
| 990-PF | December 2023 | -$908,676 | $1,559,324 | $38,284,358 | 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 85-4338436).
Questions about LEONE FAMILY FOUNDATION
- What is the EIN of LEONE FAMILY FOUNDATION?
- The employer identification number (EIN) of LEONE FAMILY FOUNDATION is 85-4338436.
- Is LEONE FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to LEONE FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LEONE FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEONE 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 LEONE FAMILY 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 LEONE FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LEONE FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of -$10,042,549, expenses of $998,836 and total assets of $27,242,973 at year end.
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All nonprofits in SUMMIT · New Jersey · Philanthropy, voluntarism and grantmaking foundations