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Nonprofit · EIN 26-0770892

POLARIS FOUNDATION INC

Tax-exempt · INDIANAPOLIS, IN 46282

Financials

$458K$482K2023$622K$458K2024
Revenue Expenses · by fiscal year end
Financials of POLARIS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$621,700$458,085$163,615$328,413$0$328,413
December 31, 2023990-PF$457,847$481,639-$23,792$164,798$0$164,798
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$615,337
Dividends
$6,363

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$144,000
Salaries, compensation and benefits (total)
$129,422
Disbursements for charitable purposes
$458,085
Excise tax on investment income
$88

Balance sheet and other

Total assets, start of year
$164,798
Total assets, end of year
$328,413
Total liabilities, end of year
$0
Net assets, end of year
$328,413
Fair market value of assets
$418,578
Qualifying distributions
$458,085
Net investment income
$6,363

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.

NameTitleHours / weekCompensation
SAIF OMAR
811 SHERLIN LANE, Great Falls, VA 22066
CEO AND COO40$144,000
SAIF OMAR
811 SHERIDIAN, Great Falls, VA 22066
CEO AND COO
Highest-paid employee
40$144,000
HAMED OMAR
811 SHERLIN LANE, Great Falls, VA 22066
DIRECTOR SECRETARY0$0
SHAHINA OMAR
811 SHERLIN LANE, Great Falls, VA 22066
DIRECTOR PRESIDENT0$0
SAAD OMAR
811 SHERLIN LANE, Great Falls, VA 22066
DIRECTOR TREASURER0$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
SAIF OMAR
811 SHERLIN LANE, Great Falls, VA 22066
CEO AND COO40$120,000
SAIF OMAR
811 SHERIDIAN, Great Falls, VA 22066
CEO AND COO
Highest-paid employee
40$120,000
SAAD OMAR
811 SHERLIN LANE, Great Falls, VA 22066
DIRECTOR TREASURER0$3,500
HAMED OMAR
811 SHERLIN LANE, Great Falls, VA 22066
DIRECTOR SECRETARY0$0
SHAHINA OMAR
811 SHERLIN LANE, Great Falls, VA 22066
DIRECTOR PRESIDENT0$0

Address and contacts

Address (IRS master file)
1 AMERICAN SQ STE 2900, INDIANAPOLIS, IN 46282-0019
In care of
% HAMED OMAR
Signed the 990-PF
SAIF OMAR, CEO AND COO
Phone
(703) 725-2556
Return prepared by
H AND R BLOCK

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
26-0770892
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private operating foundation
Donations deductible (Pub 78)
Private operating foundation, 50% limit
Exempt since
2009
Accounting year ends
December
Files
Form 990-PF
Category (NTEE)
Human services (P50)
Assets (IRS master file)
$328,413
Income (IRS master file)
$621,700

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$621,700$458,085$328,413XML
990-PFDecember 2023$457,847$481,639$164,798XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 26-0770892).

Questions about POLARIS FOUNDATION INC

What is the EIN of POLARIS FOUNDATION INC?
The employer identification number (EIN) of POLARIS FOUNDATION INC is 26-0770892.
Is POLARIS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to POLARIS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
Which annual return does POLARIS FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of POLARIS FOUNDATION INC 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 POLARIS FOUNDATION INC 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 POLARIS FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $144,000 (SAIF OMAR, CEO AND COO).
How much revenue does POLARIS FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $621,700, expenses of $458,085 and total assets of $328,413 at year end.

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