Nonprofit · EIN 13-7180474
THE KOREIN FOUNDATION
Also known as KOREIN JULIUS TTEE
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $810,541 | $647,604 | $162,937 | $9,207,559 | $0 | $9,207,559 |
| December 31, 2023 | 990-PF | $434,419 | $654,328 | -$219,909 | $9,022,001 | $0 | $9,022,001 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $240,241
- Net gain from sales of assets
- $483,728
- Other income
- $86,572
Expenses
- Grants and similar amounts paid
- $560,000
- Disbursements for charitable purposes
- $563,500
- Excise tax on investment income
- $10,101
Balance sheet and other
- Total assets, start of year
- $9,022,001
- Total assets, end of year
- $9,207,559
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,207,559
- Fair market value of assets
- $12,490,807
- Qualifying distributions
- $563,500
- Net investment income
- $810,541
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 |
|---|---|---|---|
| JONATHAN KOREIN 1650 MARKET ST SUITE 4000, Philadelphia, PA 19013 | TRUSTEE | 1 | $0 |
| JAMES KOREIN 1650 MARKET ST SUITE 4000, Philadelphia, PA 19103 | TRUSTEE | 1 | $0 |
| BETH KOREIN 1650 MARKET ST SUITE 4000, Philadelphia, PA 19103 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN KOREIN 1650 MARKET ST SUITE 1200, Philadelphia, PA 19013 | TRUSTEE | 1 | $0 |
| JAMES KOREIN 1650 MARKET ST SUITE 1200, Philadelphia, PA 19103 | TRUSTEE | 1 | $0 |
| BETH KOREIN 1650 MARKET ST SUITE 1200, Philadelphia, PA 19103 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- GLENMEDE TRUST CO NA 1650 MARK, PHILADELPHIA, PA 19103-0000
- In care of
- % JULIUS KOREIN
- Signed the 990-PF
- JAMES KOREIN, TRUSTEE
- Phone
- (215) 419-6000
- Return prepared by
- THE GLENMEDE TRUST COMPANY NA
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 | Check at the IRS |
| 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
- 13-7180474
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $9,712,589
- Income (IRS master file)
- $5,506,260
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $810,541 | $647,604 | $9,207,559 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $434,419 | $654,328 | $9,022,001 | 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-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 13-7180474).
Questions about THE KOREIN FOUNDATION
- What is the EIN of THE KOREIN FOUNDATION?
- The employer identification number (EIN) of THE KOREIN FOUNDATION is 13-7180474.
- Is THE KOREIN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to THE KOREIN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE KOREIN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE KOREIN FOUNDATION 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 THE KOREIN 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 THE KOREIN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE KOREIN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $810,541, expenses of $647,604 and total assets of $9,207,559 at year end.
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