Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 47-2539264

IDA C KORAN FOUNDATION

Tax-exempt (reinstated) · MILWAUKEE, WI 53201

Financials

$90K$227K2023$300K$199K2024
Revenue Expenses · by fiscal year end
Financials of IDA C KORAN FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$299,826$198,927$100,899$2,819,749$0$2,819,749
December 31, 2023990$89,917$226,919-$137,002$2,718,708$0$2,718,708
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$138,537
Program service revenue
$0
Investment income
$161,260
Net gain from sales of assets
$58,364
Other revenue
$29

Expenses

Grants and similar amounts paid
$156,500
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$929
Accounting fees
$15,325
Program services (functional)
$156,525
Management and general (functional)
$42,402

Balance sheet and other

Total assets, start of year
$2,718,708
Total assets, end of year
$2,819,749
Total liabilities, end of year
$0
Net assets, end of year
$2,819,749
Publicly traded securities
$2,725,947
Gross receipts
$981,717
Employees
0
Year formed
2015
State of legal domicile
MN

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.

NameTitleHours / weekCompensation
DIANA LEWISPRESIDENT, DIRECTOR
Officer
–$0
S BARTLEY OSBORNVICE PRESIDENT, DIRECTOR
Officer
–$0
DOUGLAS M BAKER JRTREASURER, DIRECTOR
Officer
–$0
STEVE FRITZEDIRECTOR
Officer
–$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
DIANA LEWISPRESIDENT, DIRECTOR
Officer
–$0
S BARTLEY OSBORNVICE PRESIDENT, DIRECTOR
Officer
–$0
DOUGLAS M BAKER JRTREASURER, DIRECTOR
Officer
–$0
STEVE FRITZEDIRECTOR
Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 634, MILWAUKEE, WI 53201-0634
In care of
% SUE MORTENSEN
Principal officer (990 for 2024)
FAEGRE BAKER DANIELS LLP, 2200 WELLS FARGO CENTER, MINNEAPOLIS, MN 55402
Signed the 990
DIANA LEWIS, TRUSTEE
Phone
(877) 800-7706
Return prepared by
PWC US TAX LLP

Mission

PROVIDE FINANCIAL HARDSHIP, EDUCATIONAL, AND DISASTER RELIEF ASSISTANCE TO ECOLAB ASSOCIATES

990 for the year ended December 31, 2024

Program accomplishments

  • FINANCIAL HARDSHIP AND DISASTER RELIEF GRANTS
    Expenses $156,525 · grants $156,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-2539264
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P60)
Assets (IRS master file)
$2,819,749
Income (IRS master file)
$981,717

Revocation and reinstatement

Exemption revoked
May 15, 2017
Posted by the IRS
August 16, 2017
Reinstated
Effective May 15, 2017

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$299,826$198,927$2,819,749IRS
990December 2023$89,917$226,919$2,718,708XML
990December 2022$249,771$219,327$2,856,886IRS
990December 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 47-2539264).

Questions about IDA C KORAN FOUNDATION

What is the EIN of IDA C KORAN FOUNDATION?
The employer identification number (EIN) of IDA C KORAN FOUNDATION is 47-2539264.
Is IDA C KORAN FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
Are donations to IDA C KORAN FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IDA C KORAN FOUNDATION 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 IDA C KORAN FOUNDATION 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 IDA C KORAN FOUNDATION 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 IDA C KORAN FOUNDATION?
The 990 for the year ended December 31, 2024 names FAEGRE BAKER DANIELS LLP.
Who are the officers and directors of IDA C KORAN FOUNDATION?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does IDA C KORAN FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $299,826, expenses of $198,927 and total assets of $2,819,749 at year end.

Other nonprofits in MILWAUKEE

All nonprofits in MILWAUKEE · Wisconsin · Human services