Nonprofit · EIN 47-4889087
KARL ARTHUR SEVERSON FOUNDATION
Tax-exempt · SHELTON, WA 98584
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $3,703 | $31,534 | -$27,831 | $110,940 | $0 | $110,940 |
| December 31, 2024 | 990-PF | $1,825 | $46,039 | -$44,214 | $138,771 | $0 | $138,771 |
| December 31, 2023 | 990-PF | $8,400 | $61,071 | -$52,671 | $182,985 | $0 | $182,985 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $515
- Interest
- $3,188
Expenses
- Grants and similar amounts paid
- $19,500
- Compensation of officers, directors and key employees
- $10,000
- Disbursements for charitable purposes
- $19,500
Balance sheet and other
- Total assets, start of year
- $138,771
- Total assets, end of year
- $110,940
- Total liabilities, end of year
- $0
- Net assets, end of year
- $110,940
- Fair market value of assets
- $110,940
- Qualifying distributions
- $19,500
- Net investment income
- $3,188
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 |
|---|---|---|---|
| MARK SEVERSON 41 EAST HOWARD COVE LANE, SHELTON, WA 98584 | CO-FOUNDER | 5 | $5,000 |
| MADELON SEVERSON 41 EAST HOWARD COVE LANE, SHELTON, WA 98584 | CO-FOUNDER | 5 | $5,000 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SEVERSON 41 EAST HOWARD COVE LANE, SHELTON, WA 98584 | CO-FOUNDER | 5 | $0 |
| MADELON SEVERSON 41 EAST HOWARD COVE LANE, SHELTON, WA 98584 | CO-FOUNDER | 5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SEVERSON PO BOX 6856, SNOWMASS VILLAGE, CO 81615 | CO-FOUNDER | 5 | $0 |
| MADELON SEVERSON PO BOX 6856, SNOWMASS VILLAGE, CO 81615 | CO-FOUNDER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 41 E HOWARD COVE LN, SHELTON, WA 98584-9439
- In care of
- % MARK SEVERSON
- Signed the 990-PF
- MARK SEVERSON, CO-FOUNDER
- Phone
- (253) 514-0115
- Return prepared by
- KARL W ADAM CPA LLC
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
- 47-4889087
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $110,940
- Income (IRS master file)
- $3,703
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $3,703 | $31,534 | $110,940 | XML |
| 990-PF | December 2024 | $1,825 | $46,039 | $138,771 | IRS |
| 990-PF | December 2023 | $8,400 | $61,071 | $182,985 | 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 47-4889087).
Questions about KARL ARTHUR SEVERSON FOUNDATION
- What is the EIN of KARL ARTHUR SEVERSON FOUNDATION?
- The employer identification number (EIN) of KARL ARTHUR SEVERSON FOUNDATION is 47-4889087.
- Is KARL ARTHUR SEVERSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to KARL ARTHUR SEVERSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARL ARTHUR SEVERSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARL ARTHUR SEVERSON 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 KARL ARTHUR SEVERSON 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 KARL ARTHUR SEVERSON FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $5,000 (MARK SEVERSON, CO-FOUNDER).
- How much revenue does KARL ARTHUR SEVERSON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $3,703, expenses of $31,534 and total assets of $110,940 at year end.
Other nonprofits in SHELTON
- CRANBERRY LAKE FOUNDATION EIN 91-1649223 · last filed 990-PF for 2025
- SKEETERS COMMUNITY KINDNESS FUND EIN 92-1033906 · last filed 990-PF for 2025
- SHELTON KIWANIS FOUNDATION EIN 02-0725568 · last filed 990-N for 2024
- WASHINGTON LIFE AND DISABILITY GUARANTY ASSOCIATION EIN 91-6159504 · last filed 990 for 2024
- OUR COMMUNITY CREDIT UNION EIN 91-0567189 · last filed 990 for 2024
- SOUTH PUGET INTERTRIBAL PLANNING EIN 91-1065249 · last filed 990 for 2024
- EXCEPTIONAL FORESTERS INCORPORATED EIN 91-0773423 · last filed 990 for 2024
- SAINTS PANTRY FOOD BANK EIN 27-0386653 · last filed 990 for 2024
All nonprofits in SHELTON · Washington · Philanthropy, voluntarism and grantmaking foundations