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Nonprofit · EIN 99-1656302

242 FOUNDATION INC

Tax-exempt · BRICK, NJ 08723

Address and contacts

Address (IRS master file)
58 TOPSAIL RD, BRICK, NJ 08723-6760
Mailing address (990-N for 2024)
58 Topsail Road, Brick NJ 08723
Principal officer (990-N for 2024)
John Molisso, 58 Topsail Road, Brick NJ 08723

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2024November 30, 2025April 15, 2026990-N on file
2023November 30, 2024April 15, 2025990-N on file
2022November 30, 2023April 15, 2024Check at the IRS

IRS record

EIN
99-1656302
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
November
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B82)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2024
Officer: John Molisso
November 30, 2025≤ $50,000 receipts––e-Postcard
990-N for 2023
Officer: John Molisso
November 30, 2024≤ $50,000 receipts––e-Postcard

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 99-1656302).

Questions about 242 FOUNDATION INC

What is the EIN of 242 FOUNDATION INC?
The employer identification number (EIN) of 242 FOUNDATION INC is 99-1656302.
Is 242 FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to 242 FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 242 FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of 242 FOUNDATION INC due?
The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 242 FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-N for 2024 for the year ended November 30, 2025.
Who is the principal officer of 242 FOUNDATION INC?
The 990-N for 2024 names John Molisso.

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