Nonprofit · EIN 26-4457852
MFK CHARITABLE FOUNDATION
Tax-exempt · BROOKLYN, NY 11219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $204,412 | $372,500 | -$168,088 | $736,814 | $1,100,396 | -$363,582 |
| December 31, 2023 | 990-PF | $405,285 | $588,648 | -$183,363 | $866,245 | $1,060,001 | -$193,756 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $316,453
- Dividends
- $3,685
- Interest
- $11,886
- Net gain from sales of assets
- -$127,612
Expenses
- Grants and similar amounts paid
- $305,820
- Disbursements for charitable purposes
- $305,820
Balance sheet and other
- Total assets, start of year
- $866,245
- Total assets, end of year
- $736,814
- Total liabilities, end of year
- $1,100,396
- Net assets, end of year
- -$363,582
- Fair market value of assets
- $18,498
- Qualifying distributions
- $305,820
- Net investment income
- $15,571
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 |
|---|---|---|---|
| MORRIS KARMEL 1450 59TH STREET, BROOKLYN, NY 11219 | FOUNDATION M | 1.5 | $0 |
| FRIEDA KARMEL 1450 59TH STREET, BROOKLYN, NY 11219 | FOUNDATION M | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MORRIS KARMEL 1450 59TH STREET, BROOKLYN, NY 11219 | FOUNDATION M | 1.5 | $0 |
| FRIEDA KARMEL 1450 59TH STREET, BROOKLYN, NY 11219 | FOUNDATION M | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1450 59TH STREET, BROOKLYN, NY 11219-5040
- In care of
- % MORRIS KARMEL
- Signed the 990-PF
- MORRIS KARMEL, FOUNDATION MANAGER
- Phone
- (718) 208-8000
- Return prepared by
- SOLOMON HIRSCH CPA PC
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 | Not 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
- 26-4457852
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $736,814
- Income (IRS master file)
- $349,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $204,412 | $372,500 | $736,814 | XML |
| 990-PF | December 2023 | $405,285 | $588,648 | $866,245 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MFK CHARITABLE FOUNDATION
- What is the EIN of MFK CHARITABLE FOUNDATION?
- The employer identification number (EIN) of MFK CHARITABLE FOUNDATION is 26-4457852.
- Is MFK CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to MFK CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MFK CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MFK CHARITABLE FOUNDATION 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 MFK CHARITABLE 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 MFK CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does MFK CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $204,412, expenses of $372,500 and total assets of $736,814 at year end.
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