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Nonprofit · EIN 36-3505302

GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC

Tax-exempt · DOWNERS GROVE, IL 60515

Financials

$6.1M$10.8M2023$9.3M$12.2M2024$16.2M$14.2M2025
Revenue Expenses · by fiscal year end
Financials of GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$16,155,959$14,247,178$1,908,781$31,207,912$230,326$30,977,586
December 31, 2024990-PF$9,340,969$12,202,178-$2,861,209$29,297,947$229,142$29,068,805
December 31, 2023990-PF$6,104,975$10,832,382-$4,727,407$32,152,974$222,960$31,930,014
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$14,840,000
Dividends
$632,608
Interest
$408,914
Net gain from sales of assets
$274,437

Expenses

Grants and similar amounts paid
$13,677,781
Disbursements for charitable purposes
$14,192,238
Excise tax on investment income
$17,528

Balance sheet and other

Total assets, start of year
$29,297,947
Total assets, end of year
$31,207,912
Total liabilities, end of year
$230,326
Net assets, end of year
$30,977,586
Fair market value of assets
$40,463,240
Qualifying distributions
$14,192,238
Net investment income
$1,315,959

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.

NameTitleHours / weekCompensation
KAREN A KOLSCHOWSKY
8600 MIDNIGHT PASS ROAD 501, SARASOTA, FL 342423817
Director2$0
GERALD A KOLSCHOWSKY
8600 MIDNIGHT PASS ROAD 501, SARASOTA, FL 342423817
Director2$0
TIMOTHY J KOLSCHOWSKY
785 APACHE, LAKE ZURICH, IL 600472702
President20$0
MICHAEL J KOLSCHOWSKY
5329 MAIN STREET 408, DOWNERS GROVE, IL 60515
VP-SEC-TREAS0.5$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
KAREN A KOLSCHOWSKY
8600 MIDNIGHT PASS ROAD 501, SARASOTA, FL 342423817
Director2$0
GERALD A KOLSCHOWSKY
8600 MIDNIGHT PASS ROAD 501, SARASOTA, FL 342423817
Director2$0
TIMOTHY J KOLSCHOWSKY
785 APACHE, LAKE ZURICH, IL 600472702
President20$0
MICHAEL J KOLSCHOWSKY
5329 MAIN STREET 408, DOWNERS GROVE, IL 60515
VP-SEC-TREAS0.5$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
KAREN A KOLSCHOWSKY
8600 MIDNIGHT PASS ROAD 501, SARASOTA, FL 342423817
Director2$0
GERALD A KOLSCHOWSKY
8600 MIDNIGHT PASS ROAD 501, SARASOTA, FL 342423817
Director2$0
TIMOTHY J KOLSCHOWSKY
785 APACHE, LAKE ZURICH, IL 600472702
President20$0
MICHAEL J KOLSCHOWSKY
5329 MAIN STREET 408, DOWNERS GROVE, IL 60515
VP-SEC-TREAS0.5$0

Address and contacts

Address (IRS master file)
5235 WALNUT AVE STE 1, DOWNERS GROVE, IL 60515-4064
Signed the 990-PF
TIMOTHY J KOLSCHOWSKY, President
Phone
(630) 969-2000
Return prepared by
Smith & Cull Ltd

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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
36-3505302
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
1988
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$31,207,912
Income (IRS master file)
$26,829,789

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$16,155,959$14,247,178$31,207,912XML
990-PFDecember 2024$9,340,969$12,202,178$29,297,947XML
990-PFDecember 2023$6,104,975$10,832,382$32,152,974XML
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 36-3505302).

Questions about GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC

What is the EIN of GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC?
The employer identification number (EIN) of GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC is 36-3505302.
Is GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC 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 GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC 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 GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does GERALD A & KAREN KOLSCHOWSKY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $16,155,959, expenses of $14,247,178 and total assets of $31,207,912 at year end.

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