Nonprofit · EIN 04-3226725
KARP FAMILY FOUNDATION
Tax-exempt · BOSTON, MA 02116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990-PF | $2,453,707 | $2,065,651 | $388,056 | $917,856 | $0 | $917,856 |
| February 29, 2024 | 990-PF | $3,937,344 | $4,239,326 | -$301,982 | $536,800 | $7,000 | $529,800 |
| February 28, 2023 | 990-PF | $4,742,051 | $4,497,454 | $244,597 | $852,467 | $20,685 | $831,782 |
Financial details: 990-PF for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $1,109,773
- Dividends
- $1,774
- Interest
- $758
- Net gain from sales of assets
- $1,341,402
Expenses
- Grants and similar amounts paid
- $2,012,884
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,012,884
- Excise tax on investment income
- $18,305
Balance sheet and other
- Total assets, start of year
- $536,800
- Total assets, end of year
- $917,856
- Total liabilities, end of year
- $0
- Net assets, end of year
- $917,856
- Fair market value of assets
- $917,856
- Qualifying distributions
- $2,012,884
- Net investment income
- $1,343,934
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 February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN R KARP 3 POSSUM ROAD, WESTON, MA 02493 | TRUSTEE | 0.2 | $0 |
| JILL E KARP 3 POSSUM ROAD, WESTON, MA 02493 | TRUSTEE | 0.2 | $0 |
990-PF for the year ended February 29, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN R KARP 3 POSSUM ROAD, WESTON, MA 02493 | TRUSTEE | 0.2 | $0 |
| JILL E KARP 3 POSSUM ROAD, WESTON, MA 02493 | TRUSTEE | 0.2 | $0 |
990-PF for the year ended February 28, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN R KARP 3 POSSUM ROAD, WESTON, MA 02493 | TRUSTEE | 0.2 | $0 |
| JILL E KARP 3 POSSUM ROAD, WESTON, MA 02493 | TRUSTEE | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- CO NED 75 PARK PLAZA THIRD FLOOR, BOSTON, MA 02116-0000
- In care of
- % NED
- Signed the 990-PF
- STEPHEN KARP, TRUSTEE
- Phone
- (617) 965-8700
- Return prepared by
- WALTER SHUFFAIN ADVISORS INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990-PF on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-3226725
- 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
- 1995
- Accounting year ends
- February
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $917,856
- Income (IRS master file)
- $3,564,710
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | February 2025 | $2,453,707 | $2,065,651 | $917,856 | XML |
| 990-PF | February 2024 | $3,937,344 | $4,239,326 | $536,800 | XML |
| 990-PF | February 2023 | $4,742,051 | $4,497,454 | $852,467 | XML |
| 990-PF | February 2022 | – | – | – | IRS |
| 990-PF | February 2021 | – | – | – | 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 04-3226725).
Questions about KARP FAMILY FOUNDATION
- What is the EIN of KARP FAMILY FOUNDATION?
- The employer identification number (EIN) of KARP FAMILY FOUNDATION is 04-3226725.
- Is KARP FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to KARP FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARP FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARP FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KARP FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended February 2025.
- Who are the officers and directors of KARP FAMILY FOUNDATION?
- The 990-PF for the year ended February 28, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does KARP FAMILY FOUNDATION have?
- On its 990-PF for the year ended February 28, 2025 it reported revenue of $2,453,707, expenses of $2,065,651 and total assets of $917,856 at year end.
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All nonprofits in BOSTON · Massachusetts · Philanthropy, voluntarism and grantmaking foundations