Nonprofit · EIN 87-3915898
BASALELI FAMILY FOUNDATION INC
Tax-exempt · GREAT NECK, NY 11023
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $38,425 | $47,670 | -$9,245 | $908,084 | $202,422 | $705,662 |
| December 31, 2024 | 990-PF | $0 | $29,874 | -$29,874 | $1,330,103 | $670,167 | $659,936 |
| December 31, 2023 | 990-PF | $0 | $16,630 | -$16,630 | $805,871 | $371,647 | $434,224 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $58,188
- Net gain from sales of assets
- -$19,763
Expenses
- Grants and similar amounts paid
- $24,601
- Disbursements for charitable purposes
- $30,786
Balance sheet and other
- Total assets, start of year
- $1,330,103
- Total assets, end of year
- $908,084
- Total liabilities, end of year
- $202,422
- Net assets, end of year
- $705,662
- Fair market value of assets
- $908,084
- Qualifying distributions
- $30,786
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 |
|---|---|---|---|
| DAVID BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | PRESIDENT | 35 | $0 |
| BELLA BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | SECRETARY | 10 | $0 |
| JACOB BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | TREASUER | 25 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | PRESIDENT | 35 | $0 |
| BELLA BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | SECRETARY | 10 | $0 |
| JACOB BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | TREASUER | 25 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | PRESIDENT | 35 | $0 |
| BELLA BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | SECRETARY | 10 | $0 |
| JACOB BASALELI 15 EMERSON DRIVE, GREAT NECK, NY 11023 | TREASUER | 25 | $0 |
Address and contacts
- Address (IRS master file)
- 15 EMERSON DR, GREAT NECK, NY 11023-1928
- Signed the 990-PF
- DAVID BASALELI, PRESIDENT
- Phone
- (917) 570-4138
- Return prepared by
- Susan S Manfredo & Associates LLC
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
- 87-3915898
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $908,084
- Income (IRS master file)
- $1,911,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $38,425 | $47,670 | $908,084 | IRS |
| 990-PF | December 2024 | $0 | $29,874 | $1,330,103 | XML |
| 990-PF | December 2023 | $0 | $16,630 | $805,871 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-3915898).
Questions about BASALELI FAMILY FOUNDATION INC
- What is the EIN of BASALELI FAMILY FOUNDATION INC?
- The employer identification number (EIN) of BASALELI FAMILY FOUNDATION INC is 87-3915898.
- Is BASALELI FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BASALELI FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does BASALELI FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BASALELI FAMILY FOUNDATION 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 BASALELI FAMILY FOUNDATION 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 BASALELI FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BASALELI FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $38,425, expenses of $47,670 and total assets of $908,084 at year end.
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