Balsamo Family Foundation Inc

New York, NY
Tax-exempt since April 2001
EIN: 13-4101107

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$391k (2024)

Expenses

$104k (2024)

Total Assets

$1.7M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$390,959

Expenses

$104,198

Net Income

$286,761

Net Assets

$1,699,753

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$233,788	59.8%
Interest Revenue	$4,997	1.3%
Dividends	$37,819	9.7%
Sales of Assets	$114,355	29.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,045	91.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,699,753
Total Liabilities	$0
Net Assets	$1,699,753

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Sept.
2023

Revenue

$41,152

Expenses

$146,099

Net Income

-$104,947

Net Assets

$1,412,992

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,288	10.4%
Dividends	$20,547	49.9%
Sales of Assets	$16,317	39.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$134,348	92.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,424,656
Total Liabilities	$11,664
Net Assets	$1,412,992

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Sept.
2022

Revenue

$215,244

Expenses

$109,426

Net Income

$105,818

Net Assets

$1,517,939

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,031	46.5%
Interest Revenue	$388	0.2%
Dividends	$34,478	16.0%
Sales of Assets	$80,347	37.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,125	90.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,517,939
Total Liabilities	$0
Net Assets	$1,517,939

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2021

Revenue

$138,146

Expenses

$107,861

Net Income

$30,285

Net Assets

$1,412,121

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33	0.0%
Dividends	$15,907	11.5%
Sales of Assets	$122,206	88.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,435	90.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,412,121
Total Liabilities	$0
Net Assets	$1,412,121

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2020

Revenue

$158,471

Expenses

$91,554

Net Income

$66,917

Net Assets

$1,381,835

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$101,935	64.3%
Interest Revenue	$426	0.3%
Dividends	$23,920	15.1%
Sales of Assets	$32,190	20.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$84,335	92.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,381,836
Total Liabilities	$1
Net Assets	$1,381,835

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Sept.
2019

Revenue

$46,827

Expenses

$98,774

Net Income

-$51,947

Net Assets

$1,314,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,946	4.2%
Dividends	$27,457	58.6%
Sales of Assets	$17,424	37.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$87,860	89.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,314,919
Total Liabilities	$1
Net Assets	$1,314,918

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2018

Revenue

$217,565

Expenses

$38,200

Net Income

$179,365

Net Assets

$1,366,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$102,541	47.1%
Interest Revenue	$1,198	0.6%
Dividends	$21,082	9.7%
Sales of Assets	$92,744	42.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,630	82.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,366,866
Total Liabilities	$0
Net Assets	$1,366,866

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2017

Revenue

$114,718

Expenses

$18,619

Net Income

$96,099

Net Assets

$1,187,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$94,995	82.8%
Interest Revenue	$103	0.1%
Dividends	$17,753	15.5%
Sales of Assets	$1,575	1.4%
Other Income	$292	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,825	31.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,187,501
Total Liabilities	$0
Net Assets	$1,187,501

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 14, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2016

Revenue

$358,143

Expenses

$11,558

Net Income

$346,585

Net Assets

$1,091,402

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,000	20.9%
Interest Revenue	$0
Dividends	$19,446	5.4%
Sales of Assets	$263,697	73.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,975	34.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,091,402
Total Liabilities	$0
Net Assets	$1,091,402

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 13, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2015

Revenue

$94,629

Expenses

$65,234

Net Income

$29,395

Net Assets

$744,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$81,200	85.8%
Interest Revenue	$0
Dividends	$18,854	19.9%
Sales of Assets	-$5,425
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,970	81.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$744,817
Total Liabilities	$0
Net Assets	$744,817

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2014

Revenue

$145,504

Expenses

$12,838

Net Income

$132,666

Net Assets

$715,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$75,620	52.0%
Interest Revenue	$0
Dividends	$14,302	9.8%
Sales of Assets	$55,582	38.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,665	20.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$715,422
Total Liabilities	$0
Net Assets	$715,422

Compensation

Key Employees and Officers	Compensation	Other
Stephen Balsamo (President/Treasurer)	$0	$0
Susan Balsamo (Vice Pres/Secretary)	$0	$0
Kathryn Balsamo (Vice President)	$0	$0
Lindsay Balsamo (Vice President)	$0	$0

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990-PF

Filed on Feb. 13, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2013

Revenue

$79,690

Expenses

$245,951

Net Income

-$166,261

Net Assets

$582,755

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$19,500	24.5%
Sales of Assets	$60,186	75.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$236,685	96.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$582,756
Total Liabilities	$1
Net Assets	$582,755

990-PF

Filed on March 21, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Sept.
2012

Revenue

$20,993

Expenses

$50,936

Net Income

-$29,943

Net Assets

$749,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400	1.9%
Interest Revenue	$5	0.0%
Dividends	$19,573	93.2%
Sales of Assets	$1,015	4.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$39,700	77.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$749,017
Total Liabilities	$1
Net Assets	$749,016

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$59,448

Expenses

$37,685

Net Income

$21,763

Net Assets

$778,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$18,645	31.4%
Sales of Assets	$40,798	68.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,711	76.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$778,960
Total Liabilities	$0
Net Assets	$778,960

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Balsamo Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $391k (2024)

Expenses $104k (2024)

Total Assets $1.7M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$391k (2024)

Expenses

$104k (2024)

Total Assets

$1.7M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001