Nonprofit · EIN 82-4796617
KATHERINE RAE IARUSSI FOUNDATION
Tax-exempt · RAVENNA, OH 44266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ (amended) | $16,440 | $17,251 | -$811 | $30,778 | – | $30,778 |
| December 31, 2024 | 990-EZ | $20,993 | $13,816 | $7,177 | $31,589 | – | $31,589 |
| December 31, 2023 | 990-EZ | $10,073 | $20,803 | -$10,730 | $24,412 | – | $24,412 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Investment income
- $156
- Net income from fundraising events
- $16,284
Expenses
- Grants and similar amounts paid
- $8,314
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,403
- Printing, publications and postage
- $348
- Other expenses
- $6,186
- Program services (functional)
- $8,314
Balance sheet and other
- Total assets, start of year
- $31,589
- Total assets, end of year
- $30,778
- Total liabilities, end of year
- –
- Net assets, end of year
- $30,778
- Cash, savings and investments
- $30,778
- Gross receipts
- $38,277
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENDA IARUSSI | Trustee | 5 | $0 |
| RALPH IARUSSI | Trustee | 5 | $0 |
| MCKENZIE IARUSSI | Trustee | 5 | $0 |
| RYAN POLAND | Treasurer | 3 | $0 |
| SHANA VARNER | Vice President | 12 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENDA IARUSSI | Trustee | 5 | $0 |
| RALPH IARUSSI | Trustee | 5 | $0 |
| MCKENZIE IARUSSI | Trustee | 5 | $0 |
| RYAN POLAND | Treasurer | 3 | $0 |
| SHANA VARNER | Vice President | 12 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRENDA IARUSSI | Trustee | 5 | $0 |
| RALPH IARUSSI | Trustee | 5 | $0 |
| MCKENZIE IARUSSI | Trustee | 5 | $0 |
| RYAN POLAND | Treasurer | 3 | $0 |
| SHANA VARNER | Vice President | 12 | $0 |
Address and contacts
- Address (IRS master file)
- 4724 CAMPBELLSPORT RD, RAVENNA, OH 44266-8803
- In care of
- % BRENDA IARUSSI
- Signed the 990-EZ
- BRENDA IARUSSI, Trustee
- Phone
- (330) 256-5995
- Return prepared by
- Brennan Manna & Diamond LLC
Mission
The object and purpose of the Foundation shall be to (a) provide monetary scholarships to graduating seniors; (b) conduct fundraising efforts in order to financially support and sponsor the Foundation; and (c) support other activities that build enthusiasm and spirit, without regard to race, color, creed, national origin, religion, or sex.
Program accomplishments
- FIVE SCHOLARSHIPS AWARDED IN THE AMOUNT OF $1,000 EACH.Expenses $5,000
- DONATION TO ROOTSTOWN GIRLS SOCCER TEAMExpenses $500
- ASSISTANCE WITH MEALS FOR ROOTSTOWN LOCAL SCHOOL MARCHING BANDExpenses $1,150
- DONATION TO ROOTSTOWN ART DEPARTMENTExpenses $910
- ASSISTANCE WITH ROOTSTOWN LOCAL SCHOOLS FIELD TRIP FOR STUDENTSExpenses $544
- ASSISTANCE TO ROOTSTOWN LOCAL SCHOOL GOLD TEAM EVENTExpenses $210
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-4796617
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $30,778
- Income (IRS master file)
- $38,277
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $0 | – | $0 | IRS |
| 990-EZ | December 2024 | $20,993 | $13,816 | $31,589 | XML |
| 990-EZ | December 2023 | $10,073 | $20,803 | $24,412 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | 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 82-4796617).
Questions about KATHERINE RAE IARUSSI FOUNDATION
- What is the EIN of KATHERINE RAE IARUSSI FOUNDATION?
- The employer identification number (EIN) of KATHERINE RAE IARUSSI FOUNDATION is 82-4796617.
- Is KATHERINE RAE IARUSSI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to KATHERINE RAE IARUSSI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KATHERINE RAE IARUSSI FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KATHERINE RAE IARUSSI 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 KATHERINE RAE IARUSSI FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of KATHERINE RAE IARUSSI FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does KATHERINE RAE IARUSSI FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $16,440, expenses of $17,251 and total assets of $30,778 at year end.
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