Nonprofit · EIN 22-3478433
KARMA FOUNDATION
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $506,683 | $443,229 | $63,454 | $5,054,812 | $2,960 | $5,051,852 |
| December 31, 2024 | 990-PF | $330,444 | $439,623 | -$109,179 | $4,988,398 | $0 | $4,988,398 |
| December 31, 2023 | 990-PF | $326,513 | $506,439 | -$179,926 | $5,103,837 | $6,260 | $5,097,577 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $196,515
- Interest
- $30,392
- Net gain from sales of assets
- $225,763
- Other income
- $54,013
Expenses
- Grants and similar amounts paid
- $203,299
- Compensation of officers, directors and key employees
- $119,990
- Disbursements for charitable purposes
- $352,740
- Excise tax on investment income
- $5,819
Balance sheet and other
- Total assets, start of year
- $4,988,398
- Total assets, end of year
- $5,054,812
- Total liabilities, end of year
- $2,960
- Net assets, end of year
- $5,051,852
- Fair market value of assets
- $8,366,348
- Qualifying distributions
- $352,740
- Net investment income
- $502,119
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 |
|---|---|---|---|
| DINA K ELKINS 140 ARRETON ROAD, PRINCETON, NJ 08540 | EXECUTIVE DIRECTOR | 35 | $119,990 |
| SHARON KARMAZIN 6 COMBS PLACE, MILLTOWN, NJ 08850 | PRESIDENT | 1 | $0 |
| CRAIG KARMAZIN 100 STODDART STREET, BEAVER DAM, WI 53916 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DINA K ELKINS 140 ARRETON ROAD, PRINCETON, NJ 08540 | EXECUTIVE DIRECTOR | 35 | $119,990 |
| SHARON KARMAZIN 6 COMBS PLACE, MILLTOWN, NJ 08850 | PRESIDENT | 1 | $0 |
| CRAIG KARMAZIN 100 STODDART STREET, BEAVER DAM, WI 53916 | TRUSTEE | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DINA K ELKINS 140 ARRETON ROAD, PRINCETON, NJ 08540 | EXECUTIVE DIRECTOR | 35 | $119,990 |
| SHARON KARMAZIN 6 COMBS PLACE, MILLTOWN, NJ 08850 | PRESIDENT | 1 | $0 |
| CRAIG KARMAZIN 100 STODDART STREET, BEAVER DAM, WI 53916 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 140 ARRETON RD, PRINCETON, NJ 08540-1429
- In care of
- % DINA ELKINS
- Signed the 990-PF
- DINA ELKINS, OFFICER
- Phone
- (609) 924-5939
- Website
- WWW.KARMAFOUNDATION.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
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
- 22-3478433
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70J)
- Assets (IRS master file)
- $5,054,812
- Income (IRS master file)
- $1,021,484
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $506,683 | $443,229 | $5,054,812 | XML |
| 990-PF | December 2024 | $330,444 | $439,623 | $4,988,398 | IRS |
| 990-PF | December 2023 | $326,513 | $506,439 | $5,103,837 | 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 22-3478433).
Questions about KARMA FOUNDATION
- What is the EIN of KARMA FOUNDATION?
- The employer identification number (EIN) of KARMA FOUNDATION is 22-3478433.
- Is KARMA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to KARMA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARMA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARMA 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 KARMA FOUNDATION 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 KARMA FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $119,990 (DINA K ELKINS, EXECUTIVE DIRECTOR).
- How much revenue does KARMA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $506,683, expenses of $443,229 and total assets of $5,054,812 at year end.
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