Sam And Mary Palumbo Family Foundation

Hillside, IL
Tax-exempt since March 2008
EIN: 26-1553720

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$590k (2024)

Expenses

$524k (2024)

Total Assets

$3.84M (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 Dec.
2024

Revenue

$590,177

Expenses

$524,405

Net Income

$65,772

Net Assets

$3,842,522

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$398,558	67.5%
Interest Revenue	$190,831	32.3%
Dividends	$788	0.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$473,074	90.2%
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	$3,842,522
Total Liabilities	$0
Net Assets	$3,842,522

Compensation

Key Employees and Officers	Compensation	Other
Donald Aleo (Vice President)	$0	$0
Elizabeth Palumbo Pierce (Director)	$0	$0
Gabriella Palumbo (Director)	$0	$0
George Trimarco (Director)	$0	$0
Jessica Palumbo Christensen (Director)	$0	$0
Kaitlyn Palumbo Gandy (Director)	$0	$0
Mary Palumbo (Director)	$0	$0
Michael Pierce (Director)	$0	$0
Pam Kalafut (Director)	$0	$0
Paul Longi (Director)	$0	$0
Ryan Christensen (Director)	$0	$0
Samantha Palumbo Tropeano (Director)	$0	$0

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990-PF

Filed on Nov. 12, 2025

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

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XML

Fiscal Year Ending Dec.
2023

Revenue

$903,469

Expenses

$359,462

Net Income

$544,007

Net Assets

$3,710,430

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$686,332	76.0%
Interest Revenue	$183,524	20.3%
Dividends	$26,638	2.9%
Sales of Assets	$6,131	0.7%
Other Income	$844	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$350,980	97.6%
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	$3,710,430
Total Liabilities	$0
Net Assets	$3,710,430

Compensation

Key Employees and Officers	Compensation	Other
Donald Aleo (Vice President)	$0	$0
Jessica Palumbo Christensen (Director)	$0	$0
Kaitlyn Palumbo Gandy (Director)	$0	$0
Mary Palumbo (President)	$0	$0
Paul Longi (Director)	$0	$0
Samantha Palumbo Tropeano (Director)	$0	$0
Elizabeth Palumbo Pierce (Director)	$0	$0
Gabriella Palumbo (Director)	$0	$0
George Trimarco (Director)	$0	$0
Ryan Christensen (Director)	$0	$0
Pam Kalafut (Director)	$0	$0
Michael Pierce (Director)	$0	$0

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990-PF

Filed on May 15, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$339,211

Expenses

$296,942

Net Income

$42,269

Net Assets

$3,083,105

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$230,250	67.9%
Interest Revenue	$73,245	21.6%
Dividends	$29,901	8.8%
Sales of Assets	$5,815	1.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$287,343	96.8%
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	$3,083,105
Total Liabilities	$0
Net Assets	$3,083,105

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
Paul Longi (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on July 17, 2023

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

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$782,974

Expenses

$243,339

Net Income

$539,635

Net Assets

$3,242,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$655,533	83.7%
Interest Revenue	$64,883	8.3%
Dividends	$19,204	2.5%
Sales of Assets	$43,316	5.5%
Other Income	$38	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$233,822	96.1%
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	$3,242,072
Total Liabilities	$0
Net Assets	$3,242,072

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
Paul Longi (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on July 11, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$311,191

Expenses

$260,909

Net Income

$50,282

Net Assets

$2,537,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$220,627	70.9%
Interest Revenue	$34,774	11.2%
Dividends	$35,852	11.5%
Sales of Assets	$9,638	3.1%
Other Income	$10,300	3.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$253,463	97.1%
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	$2,537,108
Total Liabilities	$1
Net Assets	$2,537,107

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
Paul Longi (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on April 2, 2021

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

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Schedules ▼

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Fiscal Year Ending Dec.
2019

Revenue

$603,455

Expenses

$255,796

Net Income

$347,659

Net Assets

$2,532,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$579,053	96.0%
Interest Revenue	$1,501	0.2%
Dividends	$22,901	3.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,940	57.1%
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	$2,532,554
Total Liabilities	$1
Net Assets	$2,532,553

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
Paul Longi (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on May 15, 2020

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

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Schedules ▼

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Fiscal Year Ending Dec.
2018

Revenue

$135,153

Expenses

$275,128

Net Income

-$139,975

Net Assets

$2,026,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$101,676	75.2%
Interest Revenue	$2,249	1.7%
Dividends	$30,301	22.4%
Sales of Assets	$922	0.7%
Other Income	$5	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$266,528	96.9%
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	$2,026,742
Total Liabilities	$0
Net Assets	$2,026,742

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
John Liberator (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on May 10, 2019

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

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$476,266

Expenses

$249,621

Net Income

$226,645

Net Assets

$2,247,448

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$459,161	96.4%
Interest Revenue	$2,068	0.4%
Dividends	$15,037	3.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$248,958	99.7%
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	$2,247,448
Total Liabilities	$0
Net Assets	$2,247,448

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
John Liberator (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on May 25, 2018

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

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Schedules ▼

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Fiscal Year Ending Dec.
2016

Revenue

$253,692

Expenses

$112,555

Net Income

$141,137

Net Assets

$2,003,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$234,085	92.3%
Interest Revenue	$18,988	7.5%
Dividends	$619	0.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,749	99.3%
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	$2,003,397
Total Liabilities	$0
Net Assets	$2,003,397

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
John Liberator (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on May 11, 2017

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

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Schedules ▼

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Fiscal Year Ending Dec.
2015

Revenue

$496,884

Expenses

$175,917

Net Income

$320,967

Net Assets

$1,862,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$437,395	88.0%
Interest Revenue	$58,283	11.7%
Dividends	$1,206	0.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$116,000	65.9%
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	$1,862,260
Total Liabilities	$0
Net Assets	$1,862,260

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
John Liberator (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on May 16, 2016

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

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$228,789

Expenses

$105,695

Net Income

$123,094

Net Assets

$1,538,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$181,931	79.5%
Interest Revenue	$45,611	19.9%
Dividends	$801	0.4%
Sales of Assets	$446	0.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,750	97.2%
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	$1,538,927
Total Liabilities	$0
Net Assets	$1,538,927

Compensation

Key Employees and Officers	Compensation	Other
Mary Palumbo (President)	$0	$0
Donald Aleo (Vice President)	$0	$0
John Liberator (Director)	$0	$0
Donald Aleo (Director)	$0	$0
Jessica Palumbo (Director)	$0	$0
Kaitlyn Palumbo (Director)	$0	$0
Samantha Palumbo (Director)	$0	$0

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990-PF

Filed on May 15, 2015

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

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Schedules ▼

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Fiscal Year Ending Dec.
2013

Revenue

$304,576

Expenses

$121,077

Net Income

$183,499

Net Assets

$1,415,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$247,492	81.3%
Interest Revenue	$59,171	19.4%
Dividends	$759	0.2%
Sales of Assets	$0
Other Income	-$2,846

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$67,000	55.3%
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	$1,415,833
Total Liabilities	$0
Net Assets	$1,415,833

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$183,244

Expenses

$75,051

Net Income

$108,193

Net Assets

$1,232,334

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$104,298	56.9%
Interest Revenue	$73,578	40.2%
Dividends	$1,519	0.8%
Sales of Assets	$0
Other Income	$3,849	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,556	99.3%
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	$1,232,334
Total Liabilities	$0
Net Assets	$1,232,334

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$140,840

Expenses

$119,404

Net Income

$21,436

Net Assets

$1,124,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$109,406	77.7%
Interest Revenue	$29,408	20.9%
Dividends	$2,026	1.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$98,631	82.6%
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	$1,124,141
Total Liabilities	$0
Net Assets	$1,124,141

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Sam And Mary Palumbo Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $590k (2024)

Expenses $524k (2024)

Total Assets $3.84M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$590k (2024)

Expenses

$524k (2024)

Total Assets

$3.84M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007