Nonprofit · EIN 38-6475352
KRASL ART CENTER CHARITABLE TRUST
Tax-exempt · SAINT JOSEPH, MI 49085
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $79,736 | $18,192 | $61,544 | $1,416,996 | $0 | $1,416,996 |
| December 31, 2023 | 990 | $78,504 | $18,648 | $59,856 | $1,287,330 | $0 | $1,287,330 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $79,736
- Net gain from sales of assets
- $45,910
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $12,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,800
- Program services (functional)
- $12,000
- Management and general (functional)
- $6,192
Balance sheet and other
- Total assets, start of year
- $1,287,330
- Total assets, end of year
- $1,416,996
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,416,996
- Publicly traded securities
- $1,334,108
- Net assets without donor restrictions
- $1,416,996
- Gross receipts
- $199,110
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- MI
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| 1ST SOURCE BANK | TRUSTEE Institutional trustee | 1 | $0 | $4,392 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| 1ST SOURCE BANK | TRUSTEE Institutional trustee | 1 | $0 | $5,448 |
Address and contacts
- Address (IRS master file)
- 500 RENAISSANCE DR STE 106, SAINT JOSEPH, MI 49085-2175
- In care of
- % CHEMICAL BANK
- Principal officer (990 for 2024)
- JIM MOLLISON, 500 RENAISSANCE DRIVE SUITE 106, SAINT JOSEPH, MI 49085
- Signed the 990
- JIM MOLLISON, TRUST OFFICER
- Phone
- (269) 982-2845
- Return prepared by
- KRUGGEL LAWTON & COMPANY LLC
Mission
CHARITABLE TRUST EXISTS TO FUND THE OPERATIONS AND ACTIVITIES OF KRASL ART CENTER.
Program accomplishments
- KRASL ART CENTER, INC. - GRANTS USED TO SUPPORT OPERATIONS OF KRASL ART CENTER.Expenses $12,000 · grants $12,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-6475352
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A110)
- Assets (IRS master file)
- $1,416,996
- Income (IRS master file)
- $199,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $79,736 | $18,192 | $1,416,996 | IRS |
| 990 | December 2023 | $78,504 | $18,648 | $1,287,330 | XML |
| 990 | December 2022 | $510,672 | $20,284 | $1,152,454 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 38-6475352).
Questions about KRASL ART CENTER CHARITABLE TRUST
- What is the EIN of KRASL ART CENTER CHARITABLE TRUST?
- The employer identification number (EIN) of KRASL ART CENTER CHARITABLE TRUST is 38-6475352.
- Is KRASL ART CENTER CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to KRASL ART CENTER CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does KRASL ART CENTER CHARITABLE TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KRASL ART CENTER CHARITABLE TRUST 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 KRASL ART CENTER CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KRASL ART CENTER CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 names JIM MOLLISON.
- Who are the officers and directors of KRASL ART CENTER CHARITABLE TRUST?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does KRASL ART CENTER CHARITABLE TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $79,736, expenses of $18,192 and total assets of $1,416,996 at year end.
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