Nonprofit · EIN 26-4663987
CLEMENT AND KAREN ARRISON LEGACY FOUNDATION
Tax-exempt · BUFFALO, NY 14222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $365,577 | $722,620 | -$357,043 | $6,306,240 | $0 | $6,306,240 |
| December 31, 2024 | 990-PF | $7,159,328 | $558,215 | $6,601,113 | $6,663,203 | $0 | $6,663,203 |
| December 31, 2023 | 990-PF | $531,396 | $713,157 | -$181,761 | $62,090 | $0 | $62,090 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $274,146
- Dividends
- $72,528
- Interest
- $11,065
- Other income
- $7,838
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $373,520
- Excise tax on investment income
- $1,271
Balance sheet and other
- Total assets, start of year
- $6,663,203
- Total assets, end of year
- $6,306,240
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,306,240
- Fair market value of assets
- $6,292,562
- Net investment income
- $91,431
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 |
|---|---|---|---|
| KAREN ARRISON 35 LINCOLN PARKWAY, BUFFALO, NY 14222 | PRESIDENT/TR | 0 | $0 |
| WILLARD B SAPERSTON 172 LAKE STREET, HAMBURG, NY 14075 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN ARRISON 35 LINCOLN PARKWAY, BUFFALO, NY 14222 | PRESIDENT/TR | 0 | $0 |
| WILLARD B SAPERSTON 172 LAKE STREET, HAMBURG, NY 14075 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN ARRISON 35 LINCOLN PARKWAY, BUFFALO, NY 14222 | PRESIDENT/TR | 0 | $0 |
| WILLARD B SAPERSTON 172 LAKE STREET, HAMBURG, NY 14075 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 35 LINCOLN PKWY, BUFFALO, NY 14222-1229
- Signed the 990-PF
- KAREN ARRISON, PRESIDENT/TR
- Phone
- (716) 881-0760
- Return prepared by
- PHILIP J TANTILLO 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 | 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
- 26-4663987
- 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)
- $6,306,240
- Income (IRS master file)
- $365,577
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $365,577 | $722,620 | $6,306,240 | XML |
| 990-PF | December 2024 | $7,159,328 | $558,215 | $6,663,203 | XML |
| 990-PF | December 2023 | $531,396 | $713,157 | $62,090 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | 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 26-4663987).
Questions about CLEMENT AND KAREN ARRISON LEGACY FOUNDATION
- What is the EIN of CLEMENT AND KAREN ARRISON LEGACY FOUNDATION?
- The employer identification number (EIN) of CLEMENT AND KAREN ARRISON LEGACY FOUNDATION is 26-4663987.
- Is CLEMENT AND KAREN ARRISON LEGACY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to CLEMENT AND KAREN ARRISON LEGACY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CLEMENT AND KAREN ARRISON LEGACY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CLEMENT AND KAREN ARRISON LEGACY 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 CLEMENT AND KAREN ARRISON LEGACY 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 CLEMENT AND KAREN ARRISON LEGACY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does CLEMENT AND KAREN ARRISON LEGACY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $365,577, expenses of $722,620 and total assets of $6,306,240 at year end.
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