Nonprofit · EIN 87-4020692
MARTELLO FAMILY FOUNDATION
Tax-exempt · WESTPORT, CT 06880
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $6,629,224 | $198,251 | $6,430,973 | $8,319,925 | $0 | $8,319,925 |
| December 31, 2024 | 990-PF | $86,796 | $167,985 | -$81,189 | $1,888,952 | $0 | $1,888,952 |
| December 31, 2023 | 990-PF | $51,501 | $213,700 | -$162,199 | $1,970,141 | $0 | $1,970,141 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,502,625
- Dividends
- $138,974
- Interest
- $31
- Net gain from sales of assets
- -$12,406
Expenses
- Grants and similar amounts paid
- $192,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $195,125
- Excise tax on investment income
- $92,103
Balance sheet and other
- Total assets, start of year
- $1,888,952
- Total assets, end of year
- $8,319,925
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,319,925
- Fair market value of assets
- $8,459,812
- Qualifying distributions
- $195,125
- Net investment income
- $6,629,224
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 |
|---|---|---|---|
| JOHN MARTELLO 121 IMPERIAL AVENUE, WESTPORT, CT 06880 | TRUSTEE | 3 | $0 |
| CAROLYN MARTELLO SPAULDING 67 CLEVELAND RD, WELLESLEY, MA 02481 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MARTELLO 121 IMPERIAL AVENUE, WESTPORT, CT 06880 | TRUSTEE | 3 | $0 |
| CAROLYN MARTELLO SPAULDING 67 CLEVELAND RD, WELLESLEY, MA 02481 | TRUSTEE | 0.1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MARTELLO 121 IMPERIAL AVENUE, WESTPORT, CT 06880 | TRUSTEE | 10 | $0 |
| CAROLYN MARTELLO SPAULDING 67 CLEVELAND RD, WELLESLEY, MA 02481 | TRUSTEE | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 121 IMPERIAL AVE, WESTPORT, CT 06880-4902
- Signed the 990-PF
- JOHN MARTELLO, TRUSTEE
- Phone
- (212) 832-0400
- Return prepared by
- CITRIN COOPERMAN ADVISORS 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
- 87-4020692
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $8,319,925
- Income (IRS master file)
- $13,254,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $6,629,224 | $198,251 | $8,319,925 | XML |
| 990-PF | December 2024 | $86,796 | $167,985 | $1,888,952 | IRS |
| 990-PF | December 2023 | $51,501 | $213,700 | $1,970,141 | 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 87-4020692).
Questions about MARTELLO FAMILY FOUNDATION
- What is the EIN of MARTELLO FAMILY FOUNDATION?
- The employer identification number (EIN) of MARTELLO FAMILY FOUNDATION is 87-4020692.
- Is MARTELLO FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MARTELLO FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARTELLO FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARTELLO FAMILY FOUNDATION 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 MARTELLO FAMILY FOUNDATION 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 MARTELLO FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MARTELLO FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,629,224, expenses of $198,251 and total assets of $8,319,925 at year end.
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All nonprofits in WESTPORT · Connecticut · Philanthropy, voluntarism and grantmaking foundations