Nonprofit · EIN 87-1475366
PRAISE TEAM
Tax-exempt (reinstated) · WATSONTOWN, PA 17777
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,924 | $2,520 | $404 | $21,090 | $0 | $21,090 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,889
- Interest
- $35
Expenses
- Grants and similar amounts paid
- $0
Balance sheet and other
- Total assets, start of year
- $20,686
- Total assets, end of year
- $21,090
- Total liabilities, end of year
- $0
- Net assets, end of year
- $21,090
- Fair market value of assets
- $21,090
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 |
|---|---|---|---|
| ASSAAD SHEHATA 6 QUARRY DRIVE, WATSONTOWN, PA 17777 | PRESIDENT | 1 | $0 |
| ANMARIE SHEHATA 6 QUARRY DRIVE, WATSONTOWN, PA 17777 | SEC/TREASURY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6 QUARRY DR, WATSONTOWN, PA 17777-9625
- Signed the 990-PF
- ASSAAD SHEHATA, PRESIDENT
- Phone
- (570) 850-5921
- Return prepared by
- Spruce Run Tax & Accounting Services
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 | No data |
| 2023 | December 31, 2023 | May 15, 2024 | No data |
IRS record
- EIN
- 87-1475366
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $21,090
- Income (IRS master file)
- $2,924
Revocation and reinstatement
- Exemption revoked
- May 15, 2024
- Posted by the IRS
- August 12, 2024
- Reinstated
- Effective October 15, 2025
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PRAISE TEAM
- What is the EIN of PRAISE TEAM?
- The employer identification number (EIN) of PRAISE TEAM is 87-1475366.
- Is PRAISE TEAM tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective October 15, 2025.
- Are donations to PRAISE TEAM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PRAISE TEAM file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PRAISE TEAM 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 PRAISE TEAM 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 PRAISE TEAM?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does PRAISE TEAM have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,924, expenses of $2,520 and total assets of $21,090 at year end.
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