Nonprofit · EIN 27-2831197
KARUNA FOUNDATION
Tax-exempt · PORTLAND, OR 97227
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,075,242 | $1,155,405 | -$80,163 | $18,624,945 | $0 | $18,624,945 |
| December 31, 2023 | 990-PF | $112,712 | $1,413,352 | -$1,300,640 | $18,119,973 | $0 | $18,119,973 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $257,587
- Interest
- $8,070
- Net gain from sales of assets
- $707,669
- Other income
- $101,916
Expenses
- Grants and similar amounts paid
- $710,815
- Compensation of officers, directors and key employees
- $140,000
- Disbursements for charitable purposes
- $967,956
- Excise tax on investment income
- $12,485
Balance sheet and other
- Total assets, start of year
- $18,119,973
- Total assets, end of year
- $18,624,945
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,624,945
- Fair market value of assets
- $18,624,945
- Qualifying distributions
- $967,956
- Net investment income
- $1,081,665
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 | Other / benefits |
|---|---|---|---|---|
| LINDSAY SKOG 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | EXECUTIVE DIRECTOR | 40 | $140,000 | $23,194 |
| ERIC LEMELSON 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | PRESIDENT | 4 | $0 | $0 |
| TOM NOVICK 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | SECRETARY | 2 | $0 | $0 |
| JENNIFER BRUML 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| LISA DANZIG 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| BRAD HARRISON 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| JEREMIAH LEMELSON 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| PATRICK MALONEY 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| JULIA NOVY 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| HOLLY PRUETT 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| JO ANNE WELSCH 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| AMY WONG 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LINDSAY SKOG 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | EXECUTIVE DIRECTOR | 40 | $140,000 | $16,895 |
| ERIC LEMELSON 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | PRESIDENT | 4 | $0 | $0 |
| TOM NOVICK 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | SECRETARY | 2 | $0 | $0 |
| JENNIFER BRUML 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| LISA DANZIG 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| BRAD HARRISON 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| PATRICK MALONEY 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| JULIA NOVY 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| HOLLY PRUETT 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
| AMY WONG 3514 N VANCOUVER AVENUE SUITE 320, PORTLAND, OR 97227 | DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3514 N VANCOUVER AVE STE 320, PORTLAND, OR 97227-2026
- In care of
- % ERIC LEMELSON
- Signed the 990-PF
- LINDSAY SKOG, EXECUTIVE DIRECTOR
- Phone
- (503) 841-5206
- Website
- WWW.KARUNAFOUND.ORG
- Return prepared by
- GARY MCGEE & CO LLP
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
- 27-2831197
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $18,624,945
- Income (IRS master file)
- $6,530,521
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,075,242 | $1,155,405 | $18,624,945 | XML |
| 990-PF | December 2023 | $112,712 | $1,413,352 | $18,119,973 | 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 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 27-2831197).
Questions about KARUNA FOUNDATION
- What is the EIN of KARUNA FOUNDATION?
- The employer identification number (EIN) of KARUNA FOUNDATION is 27-2831197.
- Is KARUNA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to KARUNA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARUNA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARUNA 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 KARUNA 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 KARUNA FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $140,000 (LINDSAY SKOG, EXECUTIVE DIRECTOR).
- How much revenue does KARUNA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,075,242, expenses of $1,155,405 and total assets of $18,624,945 at year end.
Other nonprofits in PORTLAND
- OREGON COMMUNITY FOUNDATION EIN 23-7315673 · last filed 990 for 2024
- SILVER FAMILY FOUNDATION EIN 06-1532898 · last filed 990-PF for 2025
- MEYER MEMORIAL TRUST EIN 93-0806316 · last filed 990-PF for 2025
- HOLLIS FOUNDATION EIN 61-1900941 · last filed 990 for 2024
- JAMES F AND MARION L MILLER FOUNDATION EIN 03-0373895 · last filed 990-PF for 2024
- LEMELSON FOUNDATION EIN 88-0391959 · last filed 990-PF for 2024
- UNITED WAY OF THE COLUMBIA- WILLAMETTE EIN 93-0582124 · last filed 990 for 2025
- JORDAN SCHNITZER FAMILY FOUNDATION EIN 93-1236637 · last filed 990-PF for 2024
All nonprofits in PORTLAND · Oregon · Philanthropy, voluntarism and grantmaking foundations