Nonprofit · EIN 46-2519801
KASSAN FOUNDATION INC
Tax-exempt (reinstated) · BROOKLYN, NY 11209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $100,000 | $106,227 | -$6,227 | $0 | – | $59,745 |
| December 31, 2023 | 990-EZ | $160,000 | $94,028 | $65,972 | $0 | – | $65,972 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,000
- Program service revenue
- $0
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $106,227
- Program services (functional)
- $106,227
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- –
- Net assets, end of year
- $59,745
- Gross receipts
- $100,000
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Kassan | Officer | 10 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Kassan | Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 364 72ND ST, BROOKLYN, NY 11209-1482
- Mailing address (990-N for 2022)
- 164 72nd St, Brooklyn NY 11209
- Principal officer (990-N for 2022)
- David Kassan, 164 72nd St, Brooklyn NY 11209
- Signed the 990-EZ
- David Kassan, Officer
- Phone
- (505) 506-1327
- Return prepared by
- DIVERSIFIED TAX SERVICES INC
Mission
Art
Program accomplishments
- Art ProjectExpenses $106,227 · grants $100,000
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 46-2519801
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $59,745
- Income (IRS master file)
- $100,000
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- August 8, 2016
- Reinstated
- Effective May 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $100,000 | $106,227 | $0 | XML |
| 990-EZ | December 2023 | $160,000 | $94,028 | $0 | XML |
| 990-N for 2022 Officer: David Kassan | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-2519801).
Questions about KASSAN FOUNDATION INC
- What is the EIN of KASSAN FOUNDATION INC?
- The employer identification number (EIN) of KASSAN FOUNDATION INC is 46-2519801.
- Is KASSAN FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
- Are donations to KASSAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KASSAN FOUNDATION INC 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 KASSAN FOUNDATION INC 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 KASSAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of KASSAN FOUNDATION INC?
- The 990-N for 2022 names David Kassan.
- Who are the officers and directors of KASSAN FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does KASSAN FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $100,000, expenses of $106,227 and total assets of $0 at year end.
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