Nonprofit · EIN 20-8117573
THE KARNELL FOUNDATION INC
Tax-exempt · PHOENIX, AZ 85021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,034,814 | $518,419 | $1,516,395 | $6,364,581 | $0 | $6,364,581 |
| December 31, 2024 | 990-PF | $491,395 | $155,968 | $335,427 | $4,848,186 | $0 | $4,848,186 |
| December 31, 2023 | 990-PF | -$66,572 | $205,299 | -$271,871 | $4,512,759 | $0 | $4,512,759 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,581,425
- Dividends
- $78,474
- Interest
- $86,533
- Net gain from sales of assets
- $119,980
- Other income
- $168,402
Expenses
- Grants and similar amounts paid
- $517,744
- Disbursements for charitable purposes
- $517,744
- Excise tax on investment income
- $3,952
Balance sheet and other
- Total assets, start of year
- $4,848,186
- Total assets, end of year
- $6,364,581
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,364,581
- Fair market value of assets
- $5,820,397
- Qualifying distributions
- $517,744
- Net investment income
- $284,987
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERROLD B KARNELL 712 W KALER, PHOENIX, AZ 850218027 | Trustee | 2 | $0 |
| JEAN M KARNELL 712 WEST KALER, PHOENIX, AZ 85021 | Trustee | 2 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERROLD B KARNELL 712 W KALER, PHOENIX, AZ 850218027 | Trustee | 2 | $0 |
| JEAN M KARNELL 712 WEST KALER, PHOENIX, AZ 85021 | Trustee | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERROLD B KARNELL 712 W KALER, PHOENIX, AZ 850218027 | Trustee | 2 | $0 |
| JEAN M KARNELL 712 WEST KALER, PHOENIX, AZ 85021 | Trustee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 712 W KALER DR, PHOENIX, AZ 85021-8027
- In care of
- % JERROLD B KARNELL
- Signed the 990-PF
- JERROLD B KARNELL, Trustee
- Phone
- (602) 809-5636
- Return prepared by
- SCHUMANN ADRIANO & COMPANY PLLC
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 | 990-PF 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
- 20-8117573
- 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
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $6,364,581
- Income (IRS master file)
- $5,110,440
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,034,814 | $518,419 | $6,364,581 | XML |
| 990-PF | December 2024 | $491,395 | $155,968 | $4,848,186 | IRS |
| 990-PF | December 2023 | -$66,572 | $205,299 | $4,512,759 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 20-8117573).
Questions about THE KARNELL FOUNDATION INC
- What is the EIN of THE KARNELL FOUNDATION INC?
- The employer identification number (EIN) of THE KARNELL FOUNDATION INC is 20-8117573.
- Is THE KARNELL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to THE KARNELL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE KARNELL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE KARNELL FOUNDATION INC 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 KARNELL FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of THE KARNELL FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does THE KARNELL FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,034,814, expenses of $518,419 and total assets of $6,364,581 at year end.
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