SHALULY FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization: SHALULY FOUNDATION (EIN 46-2860780)
Tax period: 2025-01-01 to 2025-12-31
Filed: 2026-05-06
IRS object ID: 202631269349100143
Schema version: 2025v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Other Decreases Schedule
Other Expenses Schedule
Other Liabilities Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-06T11:46:15-04:00	ReturnTs
Tax Period End	2025-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	331969561	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DIMARCO & ASSOCIATES CPA'S	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	220 PINE AVE N STE A	AddressLine1Txt
City	OLDSMAR	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	346774619	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2025-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	462860780	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SHALULY FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SHAL	BusinessNameControlTxt
Phone	0727726533	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	965 HARBOR LAKE DRIVE	AddressLine1Txt
City	SAFETY HARBOR	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34695	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL SHALULY	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Signature	2026-04-09	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MEGAN DREITH	PreparerPersonNm
PTIN	P02520401	PTIN
Phone	7277875290	PhoneNum
Preparation	2026-05-06	PreparationDt

Field	Value	IRS element (for citing)
Tax	2025	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$507,422	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$6,157,980	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$6,157,980	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$629	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$629	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$5,655,862	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$5,655,862	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$5,656,491	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$5,655,862	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$501,489	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$8,301	CashBOYAmt
Cash EOY	$507,422	CashEOYAmt
Cash EOYFMV	$507,422	CashEOYFMVAmt
Total Assets BOY	$8,301	TotalAssetsBOYAmt
Total Assets EOY	$507,422	TotalAssetsEOYAmt
Total Assets EOYFMV	$507,422	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$278	OtherLiabilitiesBOYAmt
Total Liabilities BOY	$278	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Additional Paid In Capital BOY	$25,581	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$25,581	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	-$17,558	RetainedEarningBOYAmt
Retained Earning EOY	$481,841	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$8,023	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$507,422	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$8,301	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$507,422	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$8,023	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$501,489	ExcessRevenueOverExpensesAmt
Subtotal	$509,512	SubtotalAmt
Other Decreases	$2,090	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$507,422	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	MARIE SHALULY	IndividualWithBooksNm
Phone	0727726533	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	965 HARBOR LAKE DR	AddressLine1Txt
City	SAFETY HARBOR	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34695	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL SHALULY
965 HARBOR LAKE DR	SAFETY HARBOR	FL	34695	DIRECTOR	1.00	$0	$0	$0
MARIE SHALULY
965 HARBOR LAKE DR	SAFETY HARBOR	FL	34695	DIRECTOR	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$0	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$0	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$0	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$0	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$0	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,655,862	ExpensesAndContributionsAmt
Qualifying Distributions	$5,655,862	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$631,604	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$279,916	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$28,440	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$5,036,500	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$5,976,460	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,655,862	QualifyingDistributionsAmt
Remaining Distri From Corpus	$5,655,862	RemainingDistriFromCorpusAmt
Total Corpus	$11,632,322	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$11,632,322	ExcessDistriCyovToNextYrAmt
Excess From Year4	$631,604	ExcessFromYear4Amt
Excess From Year3	$279,916	ExcessFromYear3Amt
Excess From Year2	$28,440	ExcessFromYear2Amt
Excess From Year1	$5,036,500	ExcessFromYear1Amt
Excess From Current Year	$5,655,862	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
AMRC QUEBEC
965 HARBOR LAKE DRIVE	SAFETY HARBOR	FL	34695	N/A	PC	CHARITABLE	$100,018
AMSKILLS APPRENTICESHIP F
7825 CAMPUS DRIVE	NEW PORT RICHEY	FL	34653	N/A	PC	CHARITABLE	$5,211
BAY AREA MANUFACTURING AS
PO BOX 1264	LARGO	FL	33779	N/A	PC	CHARITABLE	$5,211
CHI CHI RODRIGUEZ FOUNDATION
3030 MCMULLEN BOOTH RD	CLEARWATER	FL	33761	N/A	PC	CHARITABLE	$10,000
GRAND LODGE OF THE ENGLIS
1342 NAGLEE AVE	SAN JOSE	CA	95191	N/A	PC	CHARITABLE	$5,500,000
SME SUNCOAST CHAPTER 19 M
US 19	CLEARWATER	FL	33779	N/A	PC	CHARITABLE	$5,211
SPARK FORCE
2135 POINT BLVD	ELGIN	IL	60123	N/A	PC	CHARITABLE	$5,211
FONDAZIONE ANTICO & MISTICO
1342 NAGLEE AVE	SAN JOSE	CA	95191	N/A	PC	CHARITABLE	$25,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$5,655,862	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MASTERCUT TOOL CORPORATION	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	965 HARBOR LAKE DR	AddressLine1Txt
City	SAFETY HARBOR	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34695	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$6,125,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	ADJUSTMENT	Desc
Amt	$2,090	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
WIRE TRANSFER FEES	$494
FEES	$135

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	LOAN FROM OFFICERS	Desc
BOY Book Value	$278	BOYBookValueAmt

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