Nonprofit · EIN 04-3105768
KLARMAN FAMILY FOUNDATION
Also known as KLARMAN SETH A TTEE
Tax-exempt · BOSTON, MA 02117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $74,495,257 | $105,297,791 | -$30,802,534 | $713,242,338 | $26,452 | $713,215,886 |
| December 31, 2023 | 990-PF | $72,505,265 | $109,524,195 | -$37,018,930 | $744,037,214 | $34,802 | $744,002,412 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,500,000
- Dividends
- $169,767
- Interest
- $8,017,767
- Net gain from sales of assets
- $27,534,469
- Other income
- $26,273,254
Expenses
- Grants and similar amounts paid
- $82,184,561
- Compensation of officers, directors and key employees
- $934,000
- Salaries, compensation and benefits (total)
- $2,724,557
- Disbursements for charitable purposes
- $89,160,563
- Excise tax on investment income
- $621,154
Balance sheet and other
- Total assets, start of year
- $744,037,214
- Total assets, end of year
- $713,242,338
- Total liabilities, end of year
- $26,452
- Net assets, end of year
- $713,215,886
- Fair market value of assets
- $1,000,248,860
- Qualifying distributions
- $89,191,517
- Net investment income
- $59,320,884
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kim McCabe PO Box 171627, Boston, MA 02117 | President | 40 | $544,000 | $63,634 |
| Steven Moore PO Box 171627, Boston, MA 02117 | Chief Operating Officer | 40 | $390,000 | $43,651 |
| Jonathan Horowitz PO Box 171627, Boston, MA 02117 | Chief Program Office Highest-paid employee | 40 | $350,000 | $43,145 |
| Laura Sherman PO Box 171627, Boston, MA 02117 | Director, Local Init Highest-paid employee | 40 | $290,000 | $60,399 |
| Erin Samuel PO Box 171627, Boston, MA 02117 | Director, Grantmakin Highest-paid employee | 40 | $234,818 | $55,256 |
| Yulya Spantchak PO Box 171627, Boston, MA 02117 | Director, Strategy & Highest-paid employee | 40 | $196,500 | $40,988 |
| Alexandria Jose PO Box 171627, Boston, MA 02117 | Controller Highest-paid employee | 40 | $188,500 | $52,415 |
| Seth A Klarman PO Box 171627, Boston, MA 02117 | Trustee | 5 | $0 | $0 |
| Beth S Klarman PO Box 171627, Boston, MA 02117 | Trustee | 15 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kim McCabe PO Box 171627, Boston, MA 02117 | President | 40 | $498,231 | $61,929 |
| Steven Moore PO Box 171627, Boston, MA 02117 | Chief Operating Officer | 40 | $356,115 | $42,586 |
| Jonathan Horowitz PO Box 171627, Boston, MA 02117 | Director, National & Highest-paid employee | 40 | $304,039 | $41,174 |
| Laura Sherman PO Box 171627, Boston, MA 02117 | Director, Local Init Highest-paid employee | 40 | $267,750 | $57,865 |
| Erin Samuel PO Box 171627, Boston, MA 02117 | Director, Grantmakin Highest-paid employee | 40 | $215,769 | $47,803 |
| Yulya Spantchak PO Box 171627, Boston, MA 02117 | Director, Strategy & Highest-paid employee | 40 | $181,442 | $35,075 |
| Alexandria Jose PO Box 171627, Boston, MA 02117 | Controller Highest-paid employee | 40 | $154,258 | $50,868 |
| Seth A Klarman PO Box 171627, Boston, MA 02117 | Trustee | 5 | $0 | $0 |
| Beth S Klarman PO Box 171627, Boston, MA 02117 | Trustee | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 171627, BOSTON, MA 02117-3466
- Signed the 990-PF
- Kim McCabe, President
- Phone
- (617) 236-7909
- Website
- www.klarmanfoundation.org
- Return prepared by
- Blazek & Vetterling
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-3105768
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $713,242,338
- Income (IRS master file)
- $95,363,614
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $74,495,257 | $105,297,791 | $713,242,338 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $72,505,265 | $109,524,195 | $744,037,214 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 04-3105768).
Questions about KLARMAN FAMILY FOUNDATION
- What is the EIN of KLARMAN FAMILY FOUNDATION?
- The employer identification number (EIN) of KLARMAN FAMILY FOUNDATION is 04-3105768.
- Is KLARMAN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to KLARMAN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KLARMAN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KLARMAN FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KLARMAN FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of KLARMAN FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 7 received compensation from the organization, the highest $544,000 (Kim McCabe, President).
- How much revenue does KLARMAN FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $74,495,257, expenses of $105,297,791 and total assets of $713,242,338 at year end.
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