Nonprofit · EIN 65-1211107
KAPHAN FOUNDATION
Tax-exempt · SEATTLE, WA 98118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $5,733,988 | $24,073,451 | -$18,339,463 | $141,398,672 | $753 | $141,397,919 |
| December 31, 2023 | 990-PF | $3,996,290 | $22,809,414 | -$18,813,124 | $138,998,461 | $4,786 | $138,993,675 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,050,477
- Dividends
- $1,451,878
- Net gain from sales of assets
- $599,389
- Other income
- $632,244
Expenses
- Grants and similar amounts paid
- $22,932,455
- Compensation of officers, directors and key employees
- $12,233
- Salaries, compensation and benefits (total)
- $361,154
- Disbursements for charitable purposes
- $23,765,075
- Excise tax on investment income
- $37,951
Balance sheet and other
- Total assets, start of year
- $138,998,461
- Total assets, end of year
- $141,398,672
- Total liabilities, end of year
- $753
- Net assets, end of year
- $141,397,919
- Fair market value of assets
- $478,679,931
- Qualifying distributions
- $23,810,253
- Net investment income
- $2,947,618
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH MEYER PO BOX 18801, SEATTLE, WA 98118 | CO-EXECUTIVE DIRECTO Highest-paid employee | 40 | $208,247 | $30,500 |
| MARTIN COLLIER PO BOX 18801, SEATTLE, WA 98118 | CO-EXECUTIVE DIRECTO Highest-paid employee | 20 | $120,520 | $0 |
| ERICA LOCKE PO BOX 18801, SEATTLE, WA 98118 | VICE PRESIDENT, SECRETARY | 20 | $12,233 | $0 |
| SHELDON J KAPHAN PO BOX 18801, SEATTLE, WA 98118 | PRESIDENT, TREASURER | 20 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH MEYER PO BOX 18801, SEATTLE, WA 98118 | CO-EXECUTIVE DIRECTO Highest-paid employee | 40 | $208,443 | $30,000 |
| MARTIN COLLIER PO BOX 18801, SEATTLE, WA 98118 | CO-EXECUTIVE DIRECTO Highest-paid employee | 20 | $133,339 | $0 |
| SHELDON J KAPHAN PO BOX 18801, SEATTLE, WA 98118 | PRES, VP, TREAS | 20 | $0 | $0 |
| MATTHEW B MCCUTCHEN PO BOX 18801, SEATTLE, WA 98118 | SECRETARY | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 18801, SEATTLE, WA 98118-0801
- In care of
- % KING & OLIASON PLLC
- Signed the 990-PF
- SHELDON J KAPHAN, PRESIDENT
- Phone
- (206) 691-9864
- Return prepared by
- EIDE BAILLY LLP
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 | Not 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
- 65-1211107
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Science and technology (U20)
- Assets (IRS master file)
- $141,398,672
- Income (IRS master file)
- $10,913,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $5,733,988 | $24,073,451 | $141,398,672 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $3,996,290 | $22,809,414 | $138,998,461 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | 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 65-1211107).
Questions about KAPHAN FOUNDATION
- What is the EIN of KAPHAN FOUNDATION?
- The employer identification number (EIN) of KAPHAN FOUNDATION is 65-1211107.
- Is KAPHAN FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to KAPHAN FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KAPHAN FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KAPHAN 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 KAPHAN FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of KAPHAN FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 3 received compensation from the organization, the highest $208,247 (SARAH MEYER, CO-EXECUTIVE DIRECTO).
- How much revenue does KAPHAN FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,733,988, expenses of $24,073,451 and total assets of $141,398,672 at year end.
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