Nonprofit · EIN 38-3374272
KAREN & DREW PESLAR FOUNDATION
Tax-exempt · BIRMINGHAM, MI 48009
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,035,522 | $786,342 | $249,180 | $5,526,393 | $193,206 | $5,333,187 |
| December 31, 2024 | 990-PF | $488,460 | $524,884 | -$36,424 | $5,264,453 | $180,446 | $5,084,007 |
| December 31, 2023 | 990-PF | $540,830 | $670,183 | -$129,353 | $5,291,867 | $171,436 | $5,120,431 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $90,549
- Interest
- $2,804
- Net gain from sales of assets
- $942,032
- Other income
- $137
Expenses
- Grants and similar amounts paid
- $556,820
- Compensation of officers, directors and key employees
- $18,000
- Salaries, compensation and benefits (total)
- $56,920
- Disbursements for charitable purposes
- $660,891
- Excise tax on investment income
- $12,936
Balance sheet and other
- Total assets, start of year
- $5,264,453
- Total assets, end of year
- $5,526,393
- Total liabilities, end of year
- $193,206
- Net assets, end of year
- $5,333,187
- Fair market value of assets
- $8,637,660
- Qualifying distributions
- $660,891
- Net investment income
- $1,035,522
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 | Other / benefits |
|---|---|---|---|---|
| VIRGINIA WEBSTER-SMITH 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | PRESIDENT/EXECUTIVE DIRECT | 32 | $56,920 | $7,500 |
| SAMANTHA DURAKOVIC 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | DIRECTOR/SECRETARY | 7 | $18,000 | $0 |
| DREW PESLAR 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | CHAIRMAN | 15 | $0 | $0 |
| KAREN PESLAR 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | DIRECTOR/TREASURER | 4 | $0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VIRGINIA WEBSTER-SMITH 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | PRESIDENT/EXECUTIVE DIRECT | 32 | $56,920 | $7,500 |
| SAMANTHA DURAKOVIC 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | DIRECTOR/SECRETARY | 7 | $18,000 | $0 |
| DREW PESLAR 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | CHAIRMAN | 15 | $0 | $0 |
| KAREN PESLAR 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | DIRECTOR/TREASURER | 4 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VIRGINIA WEBSTER-SMITH 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | PRESIDENT/EXECUTIVE DIRECT | 32 | $56,920 | $5,000 |
| SAMANTHA DURAKOVIC 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | DIRECTOR/SECRETARY | 7 | $18,000 | $0 |
| DREW PESLAR 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | CHAIRMAN | 15 | $0 | $0 |
| KAREN PESLAR 401 SOUTH OLD WOODWARD SUITE 433, BIRMINGHAM, MI 48009 | DIRECTOR/TREASURER | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 S OLD WOODWARD AVE STE 433, BIRMINGHAM, MI 48009-6613
- In care of
- % DREW PESLAR
- Signed the 990-PF
- DREW PESLAR, CHAIRMAN
- Phone
- (248) 594-6294
- Return prepared by
- PLANTE & MORAN PLLC
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
- 38-3374272
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20J)
- Assets (IRS master file)
- $5,526,393
- Income (IRS master file)
- $6,491,039
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,035,522 | $786,342 | $5,526,393 | IRS |
| 990-PF | December 2024 | $488,460 | $524,884 | $5,264,453 | IRS |
| 990-PF | December 2023 | $540,830 | $670,183 | $5,291,867 | 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 38-3374272).
Questions about KAREN & DREW PESLAR FOUNDATION
- What is the EIN of KAREN & DREW PESLAR FOUNDATION?
- The employer identification number (EIN) of KAREN & DREW PESLAR FOUNDATION is 38-3374272.
- Is KAREN & DREW PESLAR FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to KAREN & DREW PESLAR FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KAREN & DREW PESLAR FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KAREN & DREW PESLAR 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 KAREN & DREW PESLAR 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 KAREN & DREW PESLAR FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 2 received compensation from the organization, the highest $56,920 (VIRGINIA WEBSTER-SMITH, PRESIDENT/EXECUTIVE DIRECT).
- How much revenue does KAREN & DREW PESLAR FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,035,522, expenses of $786,342 and total assets of $5,526,393 at year end.
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