Nonprofit · EIN 87-3993017
CAVALLINO CLASSIC FOUNDATION INC
Tax-exempt · EAST HAMPTON, NY 11937
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $130,550 | $77,830 | $52,720 | $75,472 | $1,250 | $74,222 |
| December 31, 2023 | 990-EZ | $98,680 | $99,373 | -$693 | $27,101 | $5,600 | $21,501 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $130,550
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $60,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $17,800
- Printing, publications and postage
- $30
- Program services (functional)
- $60,000
Balance sheet and other
- Total assets, start of year
- $27,102
- Total assets, end of year
- $75,472
- Total liabilities, end of year
- $1,250
- Net assets, end of year
- $74,222
- Cash, savings and investments
- $75,472
- Gross receipts
- $130,550
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Luigi Orlandini | President and Director | 1 | $0 |
| Federica Magnavacchi | Secretary and Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Luigi Orlandini | President and Director | 5 | $0 |
| Frederica Magnavacchi | Secretary and Director | 5 | $0 |
| Lina Piscotta | Director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 134 THREE MILE HARBOR RD, EAST HAMPTON, NY 11937-2091
- Signed the 990-EZ
- Jonathon Moore, Legal Counsel
- Phone
- (202) 255-5300
Mission
Support of educational and public institutions.
Program accomplishments
- Grants to educational institutionsExpenses $20,000 · grants $20,000
- Grant to Palm Beach Fire FoundationExpenses $40,000 · grants $40,000
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 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-3993017
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N12)
- Assets (IRS master file)
- $75,472
- Income (IRS master file)
- $130,550
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $130,550 | $77,830 | $75,472 | XML |
| 990-EZ | December 2023 | $98,680 | $99,373 | $27,101 | XML |
| 990-EZ | December 2022 | – | – | – | 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 87-3993017).
Questions about CAVALLINO CLASSIC FOUNDATION INC
- What is the EIN of CAVALLINO CLASSIC FOUNDATION INC?
- The employer identification number (EIN) of CAVALLINO CLASSIC FOUNDATION INC is 87-3993017.
- Is CAVALLINO CLASSIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CAVALLINO CLASSIC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAVALLINO CLASSIC FOUNDATION INC 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 CAVALLINO CLASSIC FOUNDATION INC 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 CAVALLINO CLASSIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of CAVALLINO CLASSIC FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does CAVALLINO CLASSIC FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $130,550, expenses of $77,830 and total assets of $75,472 at year end.
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