Nonprofit · EIN 81-4924918
THE KATAN FOUNDATION INC
Tax-exempt · FLUSHING, NY 11367
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $169,882 | $184,518 | -$14,636 | $1,364 | $128 | $1,236 |
| December 31, 2023 | 990 | $238,449 | $219,349 | $19,100 | $25,173 | $9,301 | $15,872 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $169,882
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $175,865
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,780
- Program services (functional)
- $177,467
- Management and general (functional)
- $7,051
Balance sheet and other
- Total assets, start of year
- $25,173
- Total assets, end of year
- $1,364
- Total liabilities, end of year
- $128
- Net assets, end of year
- $1,236
- Net assets without donor restrictions
- $1,236
- Gross receipts
- $169,882
- Employees
- 0
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Emil Ghatan | President Trustee or director, Officer | 10 | $0 |
| Howard L Diamo | Treasurer Trustee or director, Officer | 5 | $0 |
| Chris Chang | Trustee Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Emil Ghatan | President Trustee or director, Officer | 10 | $0 |
| Howard L Diamo | Treasurer Trustee or director, Officer | 5 | $0 |
| Chris Chang | Trustee Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 7525 153RD ST APT 939, FLUSHING, NY 11367-4004
- In care of
- % EMIL GHATAN
- Principal officer (990 for 2024)
- Emil Ghatan, 75-25 153 Street Apt 939, FLUSHING, NY 11367
- Signed the 990
- Emil Ghatan, President
- Phone
- (516) 286-1973
- Return prepared by
- David Novick CPA PLLC
Mission
To provide charitable relief food, clothing, and support for the needy, orphaned children with mental and physical disabilities, and underprivileged people according to Jewish doctrine in the United
Program accomplishments
- To provide charitable relief food and clothing and support for theExpenses $177,467 · grants $175,865 · revenue $169,882
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4924918
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,364
- Income (IRS master file)
- $169,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $169,882 | $184,518 | $1,364 | XML |
| 990 | December 2023 | $238,449 | $219,349 | $25,173 | XML |
| 990 | December 2022 | $370,568 | $357,696 | $339 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 81-4924918).
Questions about THE KATAN FOUNDATION INC
- What is the EIN of THE KATAN FOUNDATION INC?
- The employer identification number (EIN) of THE KATAN FOUNDATION INC is 81-4924918.
- Is THE KATAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to THE KATAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE KATAN FOUNDATION INC 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 THE KATAN FOUNDATION INC 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 THE KATAN FOUNDATION INC 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 THE KATAN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Emil Ghatan.
- Who are the officers and directors of THE KATAN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does THE KATAN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $169,882, expenses of $184,518 and total assets of $1,364 at year end.
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