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Nonprofit · EIN 47-2344628

KARMAGAWA FOUNDATION INC

Tax-exempt · MIAMI BEACH, FL 33139

Financials

$394K$399K2023$140K$124K2024$465K$446K2025
Revenue Expenses · by fiscal year end
Financials of KARMAGAWA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$465,038$446,107$18,931$50,512$0$50,512
December 31, 2024990-PF$140,399$123,525$16,874$31,581$0$31,581
December 31, 2023990-PF$393,922$399,302-$5,380$14,707$0$14,707
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$465,038

Expenses

Grants and similar amounts paid
$414,290
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$446,107

Balance sheet and other

Total assets, start of year
$31,581
Total assets, end of year
$50,512
Total liabilities, end of year
$0
Net assets, end of year
$50,512
Fair market value of assets
$50,512
Qualifying distributions
$446,107

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
JO-ANN SYKES
110 WASHINGTON AVENUE 1524, MIAMI BEACH, FL 33139
PRESIDENT/ACTING TREASURER, DIRECTOR2$0
JOEL LEABMAN
110 WASHINGTON AVENUE 1524, MIAMI BEACH, FL 33139
SECRETARY,DIRECTOR2$0
EDWARD ZIMMERMAN
16345 BRISTOL LAKE CIRCLE, ORLANDO, FL 32828
DIRECTOR1$0
MATTHEAU ABAD
3006 35TH ST, EVERETT, WA 98201
DIRECTOR1$0
990-PF for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
JO-ANN SYKES
110 WASHINGTON AVENUE 1524, MIAMI BEACH, FL 33139
PRESIDENT/ACTING TREASURER, DIRECTOR2$0
JOEL LEABMAN
110 WASHINGTON AVENUE 1524, MIAMI BEACH, FL 33139
SECRETARY,DIRECTOR2$0
EDWARD ZIMMERMAN
16345 BRISTOL LAKE CIRCLE, ORLANDO, FL 32828
DIRECTOR1$0
MATTHEAU ABAD
2485 62ND AVE, FIFE, WA 98424
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JO-ANN SYKES
110 WASHINGTON AVENUE 1524, MIAMI BEACH, FL 33139
PRESIDENT/ACTING TREASURER, DIRECTOR2$0
JOEL LEABMAN
110 WASHINGTON AVENUE 1524, MIAMI BEACH, FL 33139
SECRETARY,DIRECTOR2$0
EDWARD ZIMMERMAN
16345 BRISTOL LAKE CIRCLE, ORLANDO, FL 32828
DIRECTOR1$0
MATTHEAU ABAD
2485 62ND AVE, FIFE, WA 98424
DIRECTOR1$0

Address and contacts

Address (IRS master file)
110 WASHINGTON AVE APT 1524, MIAMI BEACH, FL 33139-7225
In care of
% JOANN SYKES
Signed the 990-PF
JO-ANN SYKES, PRESIDENT,DIRECTOR
Phone
(203) 415-2961
Return prepared by
FRED J CRISCUOLO & CO PC

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
47-2344628
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
2015
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$50,512
Income (IRS master file)
$465,038

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$465,038$446,107$50,512XML
990-PFDecember 2024$140,399$123,525$31,581XML
990-PFDecember 2023$393,922$399,302$14,707XML
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 47-2344628).

Questions about KARMAGAWA FOUNDATION INC

What is the EIN of KARMAGAWA FOUNDATION INC?
The employer identification number (EIN) of KARMAGAWA FOUNDATION INC is 47-2344628.
Is KARMAGAWA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to KARMAGAWA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KARMAGAWA FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of KARMAGAWA 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 KARMAGAWA 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 KARMAGAWA 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 KARMAGAWA FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $465,038, expenses of $446,107 and total assets of $50,512 at year end.

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