Nonprofit · EIN 02-0547496
KIDS KARATE
Tax-exempt · NEWTONVILLE, MA 02460
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $24,373 | $24,283 | $90 | $969 | $51,302 | -$50,333 |
| December 31, 2024 | 990-EZ | $13,207 | $25,806 | -$12,599 | $879 | $51,302 | -$50,423 |
| December 31, 2023 | 990-EZ | $27,342 | $26,818 | $524 | $2,147 | $39,971 | -$37,824 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $12,650
- Program service revenue
- $11,723
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $8,903
- Professional fees and payments to contractors
- $972
- Occupancy
- $9,600
- Printing, publications and postage
- $255
- Other expenses
- $4,553
- Program services (functional)
- $24,283
Balance sheet and other
- Total assets, start of year
- $879
- Total assets, end of year
- $969
- Total liabilities, end of year
- $51,302
- Net assets, end of year
- -$50,333
- Cash, savings and investments
- $969
- Gross receipts
- $24,373
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard S Jacobs | Director and Trustee | 12 | $0 |
| Margaret L Klingmeyer | Trustee | 0.1 | $0 |
| Frederick J Klingmeyer Sr | Trustee | 0.1 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard S Jacobs | Director and Trustee | 12 | $0 |
| Margaret L Klingmeyer | Trustee | 0.1 | $0 |
| Frederick J Klingmeyer Sr | Trustee | 0.1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard S Jacobs | Director and Trustee | 12 | $0 |
| Margaret L Klingmeyer | Trustee | 0.1 | $0 |
| Frederick J Klingmeyer Sr | Trustee | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 600347, NEWTONVILLE, MA 02460-0004
- In care of
- % RICHARD S JACOBS
- Signed the 990-EZ
- Richard S Jacobs, Director and Trustee
- Phone
- (617) 527-8052
- Website
- www.KIDS-KARATE.ORG
- Return prepared by
- John J Volante CPA LLC
Mission
See Schedule O attached.
Program accomplishments
- A. To benefit the public interest by providing top quality martial artsinstruction to large numbers of children at substantially below marketprice, in underprivileged as well as middle class areas (cont. on Schedule O).Expenses $24,283
- Program service accomplishments, continued from Part III, Line 28: B. To combat community deterioration and various forms of juvenile deliquency and drug use by helping the children develop strength of character, a healthy sense of achievement, and a positive value system which serve as deterrents to negative activities, negative influences, and negative peer pressure by helping the children feel and build self-esteem, self confidence, and self-discipline. C. To diminish prejudice and discrimination by providing an environment of courtesy, sportsmanship, and mutual respect in ethnically diverse and co-educational classes. The Annual Kids Karate Exhibition provides an opportunity for children from different communities to interact and perform together. D. To provide a curriculum that allows the children to continue in the program with progressive development from beginners level through and beyond the rank of black belt.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 02-0547496
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $969
- Income (IRS master file)
- $24,373
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $24,373 | $24,283 | $969 | IRS |
| 990-EZ | December 2024 | $13,207 | $25,806 | $879 | IRS |
| 990-EZ | December 2023 | $27,342 | $26,818 | $2,147 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
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 02-0547496).
Questions about KIDS KARATE
- What is the EIN of KIDS KARATE?
- The employer identification number (EIN) of KIDS KARATE is 02-0547496.
- Is KIDS KARATE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to KIDS KARATE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KIDS KARATE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KIDS KARATE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KIDS KARATE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of KIDS KARATE?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does KIDS KARATE have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $24,373, expenses of $24,283 and total assets of $969 at year end.
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