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Nonprofit · EIN 99-0786474

GRACES FOUNDATION INC

Tax-exempt · E NORTHPORT, NY 11731

Financials

$40K$9K2024
Revenue Expenses · by fiscal year end
Financials of GRACES FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$40,092$8,924$31,168$31,168$0$31,168
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$35,352
Other income
$4,740

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$8,924

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$31,168
Total liabilities, end of year
$0
Net assets, end of year
$31,168
Fair market value of assets
$31,168
Qualifying distributions
$8,924

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.

NameTitleHours / weekCompensation
STEPHEN RUSSO
143 KETAY DRIVE SOUTH, EAST NORTHPORT, NY 11731
PRESIDENT2$0
DEBRA RUSSO
143 KETAY DRIVE SOUTH, EAST NORTHPORT, NY 11731
TREASURER2$0
GIANNA RUSSO
143 KETAY DRIVE SOUTH, EAST NORTHPORT, NY 11731
SECRETARY2$0

Address and contacts

Address (IRS master file)
143 KETAY DR S, E NORTHPORT, NY 11731-5029
In care of
% DEBRA RUSSO
Signed the 990-PF
STEPHEN RUSSO, PRESIDENT
Phone
(877) 829-5500
Return prepared by
NOVAK FRANCELLA 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-0786474
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
2024
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Human services (P12)
Assets (IRS master file)
$31,168
Income (IRS master file)
$40,092

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$40,092$8,924$31,168XML

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 99-0786474).

Questions about GRACES FOUNDATION INC

What is the EIN of GRACES FOUNDATION INC?
The employer identification number (EIN) of GRACES FOUNDATION INC is 99-0786474.
Is GRACES FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to GRACES FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GRACES FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of GRACES 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 GRACES FOUNDATION INC 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 GRACES FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does GRACES FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $40,092, expenses of $8,924 and total assets of $31,168 at year end.

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