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Nonprofit · EIN 65-6457023

THE KARP FAMILY FOUNDATION

Also known as JASON KARP & JESSICA KARP TTEE

Tax-exempt (reinstated) · SARATOGA SPGS, NY 12866

Financials

$180K$507K2023$362K$163K2024$562K$226K2025
Revenue Expenses · by fiscal year end
Financials of THE KARP FAMILY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$561,960$226,000$335,960$231,249$0$231,249
December 31, 2024990-PF$362,364$163,000$199,364$133,699$0$133,699
December 31, 2023990-PF$180,169$507,104-$326,935$8,937$0$8,937
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$320,701
Dividends
$709
Interest
$24
Net gain from sales of assets
$240,526

Expenses

Grants and similar amounts paid
$215,756
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$218,256
Excise tax on investment income
$3,319

Balance sheet and other

Total assets, start of year
$133,699
Total assets, end of year
$231,249
Total liabilities, end of year
$0
Net assets, end of year
$231,249
Fair market value of assets
$218,901
Qualifying distributions
$218,256
Net investment income
$241,259

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
JESSICA KARP
18 Division St, Saratoga Springs, NY 12866
TRUSTEE0$0
JASON KARP
18 Division St, Saratoga Springs, NY 12866
TRUSTEE0$0
990-PF for the year ended December 31, 2024: 2 people
NameTitleHours / weekCompensation
JESSICA KARP
18 Division St, Saratoga Springs, NY 12866
TRUSTEE0$0
JASON KARP
18 Division St, Saratoga Springs, NY 12866
TRUSTEE0$0
990-PF for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
JESSICA KARP
18 Division St, Saratoga Springs, NY 12866
TRUSTEE0$0
JASON KARP
18 Division St, Saratoga Springs, NY 12866
TRUSTEE0$0

Address and contacts

Address (IRS master file)
18 DIVISION ST STE 301, SARATOGA SPGS, NY 12866-3144
In care of
% NYE STREET PARTNERS LLC
Signed the 990-PF
JASON H KARP, TRUSTEE
Phone
(518) 246-6970
Return prepared by
NYE STREET PARTNERS

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
65-6457023
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
2017
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$231,249
Income (IRS master file)
$587,751

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

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$561,960$226,000$231,249XML
990-PFDecember 2024$362,364$163,000$133,699XML
990-PFDecember 2023$180,169$507,104$8,937XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 65-6457023).

Questions about THE KARP FAMILY FOUNDATION

What is the EIN of THE KARP FAMILY FOUNDATION?
The employer identification number (EIN) of THE KARP FAMILY FOUNDATION is 65-6457023.
Is THE KARP FAMILY FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
Are donations to THE KARP FAMILY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE KARP FAMILY FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE KARP FAMILY 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 THE KARP FAMILY 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 THE KARP FAMILY FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
How much revenue does THE KARP FAMILY FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $561,960, expenses of $226,000 and total assets of $231,249 at year end.

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