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Nonprofit · EIN 36-3779796

KARA FOUNDATION

Tax-exempt · LIBERTYVILLE, IL 60048

Financials

$139K$605K2023$866K$663K2024$1.1M$706K2025
Revenue Expenses · by fiscal year end
Financials of KARA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$1,146,881$706,139$440,742$13,081,891$0$13,081,891
December 31, 2024990-PF$866,064$662,966$203,098$12,641,149$0$12,641,149
December 31, 2023990-PF$138,639$605,034-$466,395$12,438,051$0$12,438,051
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$326,859
Net gain from sales of assets
$820,022

Expenses

Grants and similar amounts paid
$425,000
Compensation of officers, directors and key employees
$180,000
Disbursements for charitable purposes
$673,368
Excise tax on investment income
$15,486

Balance sheet and other

Total assets, start of year
$12,641,149
Total assets, end of year
$13,081,891
Total liabilities, end of year
$0
Net assets, end of year
$13,081,891
Fair market value of assets
$15,567,947
Qualifying distributions
$673,368
Net investment income
$1,146,881

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
PATRICK S DEMOON III
1520 ARTAIUS PKWY 7290, LIBERTYVILLE, IL 60048
CO-PRESIDENT25$60,000
ANTHONY DEMOON
1520 ARTAIUS PKWY 7290, LIBERTYVILLE, IL 60048
CO-PRESIDENT25$60,000
PAUL DEMOON
1520 ARTAIUS PKWY 7290, LIBERTYVILLE, IL 60048
VICE PRESIDE25$60,000
JUDITH DEMOON
1520 ARTAIUS PKWY 7290, LIBERTYVILLE, IL 60048
BOARD MEMBER1$0
PATRICK DEMOON SR
1520 ARTAIUS PKWY 7290, LIBERTYVILLE, IL 60048
BOARD MEMBER1$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
PAUL DEMOON
1880 COOL CREEK DRIVE, SAINT CHARLES, IL 60174
VICE-PRESIDENT25$60,000
PATRICK S DEMOON III
39701 93RD STREET, GENOA CITY, WI 53128
CO- PRESIDENT/TREASURER25$58,897
ANTHONY DEMOON
29915 TANYA TRAIL, LIBERTYVILLE TOWNSHIP, IL 60048
CO-PRESIDENT/ SECRETARY25$58,725
JUDITH A DEMOON
11700 WEST CHARLESTON BLVD 170-37, LAS VEGAS, NV 89135
BOARD MEMBER1$0
PATRICK DEMOON SR
11700 WEST CHARLESTON BLVD 170-37, LAS VEGAS, NV 89135
BOARD MEMBER1$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
PAUL DEMOON
1880 COOL CREEK DRIVE, SAINT CHARLES, IL 60174
VICE-PRESIDENT25$60,000
PATRICK S DEMOON III
39701 93RD STREET, GENOA CITY, WI 53128
CO- PRESIDENT/TREASURER25$48,634
ANTHONY DEMOON
29915 TANYA TRAIL, LIBERTYVILLE TOWNSHIP, IL 60048
CO-PRESIDENT/ SECRETARY25$46,843
JUDITH A DEMOON
11700 WEST CHARLESTON BLVD 170-37, LAS VEGAS, NV 89135
BOARD MEMBER1$0
PATRICK DEMOON SR
11700 WEST CHARLESTON BLVD 170-37, LAS VEGAS, NV 89135
BOARD MEMBER1$0

Address and contacts

Address (IRS master file)
1520 ARTAIUS PARKWAY, LIBERTYVILLE, IL 60048-7900
Signed the 990-PF
PATRICK S DEMOON III, CO-PRESIDENT/TREASUR
Phone
(262) 279-5168
Return prepared by
LAUTERBACH & AMEN 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 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
36-3779796
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
1992
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$13,081,891
Income (IRS master file)
$1,146,881

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$1,146,881$706,139$13,081,891IRS
990-PFDecember 2024$866,064$662,966$12,641,149XML
990-PFDecember 2023$138,639$605,034$12,438,051XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 36-3779796).

Questions about KARA FOUNDATION

What is the EIN of KARA FOUNDATION?
The employer identification number (EIN) of KARA FOUNDATION is 36-3779796.
Is KARA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
Are donations to KARA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KARA FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of KARA 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 KARA 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 KARA FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 3 received compensation from the organization, the highest $60,000 (PATRICK S DEMOON III, CO-PRESIDENT).
How much revenue does KARA FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,146,881, expenses of $706,139 and total assets of $13,081,891 at year end.

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