MICHAEL RACANELLI FOREVER YOUNG FOUNDATION
BRIGHTWATERS,
New York,
11718
EIN: 45-5216022
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
255 LAKEVIEW AVE W
11718
COUNTY
suffolk county, NY
IN CARE OF NAME
MICHAEL RACANELLI
ORGANIZATIONAL OVERVIEW & RANKINGS
MICHAEL RACANELLI FOREVER YOUNG FOUNDATION is a based in BRIGHTWATERS, NY, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Grantmaking Foundations. Established in August 2012, it operates as an independent trust and contributions to this organization are tax-deductible .
With total assets of $72,266.00, this ranks 533,911 among 2,656,690 nonprofits nationally (Top 21%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 41,368 out of 159,053 organizations in NY (Top 27%).
In suffolk county, NY, the organization ranks 2,212 out of 9,951 nonprofits by assets (Top 23%), while locally in brightwaters, it stands at 10 among 36 organizations (Top 10%).
The organization reported no revenue in the most recent filing period, placing it at 1,837,971 nationally and 153,543 in NY.
Within its specific NTEE classification (T20 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 31,185 similar organizations, MICHAEL RACANELLI FOREVER YOUNG FOUNDATION ranks 20,653 in assets (Top 67%) and 29,743 in revenue (Top 96%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
2: Trust
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T20: Private Grantmaking Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
1: $1 to $9,999
INCOME AMOUNT
$97.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
08/2012
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$72,266.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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