Nonprofit · EIN 84-2377028
HOVSEP FOUNDATION
Tax-exempt · UNION, NJ 07083
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $88,147 | $62,000 | $26,147 | $1,085,175 | $0 | $1,085,175 |
| December 31, 2024 | 990-PF | $7,767 | $266,000 | -$258,233 | $1,008,862 | $0 | $1,008,862 |
| December 31, 2023 | 990-PF | $7,667 | $87,560 | -$79,893 | $1,099,480 | $0 | $1,099,480 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $60,000
- Dividends
- $27,997
- Interest
- $150
Expenses
- Grants and similar amounts paid
- $62,000
- Disbursements for charitable purposes
- $62,000
- Excise tax on investment income
- $391
Balance sheet and other
- Total assets, start of year
- $1,008,862
- Total assets, end of year
- $1,085,175
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,085,175
- Fair market value of assets
- $1,085,175
- Qualifying distributions
- $62,000
- Net investment income
- $28,147
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 |
|---|---|---|---|
| ERROL KARAKASH 855 RAHWAY AVE, UNION, NJ 07083 | EXECUTIVE DI | 0 | $0 |
| SERGE KARAKASH 855 RAHWAY AVE, UNION, NJ 07083 | TRUSTEE | 0 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERROL KARAKASH 855 RAHWAY AVE, UNION, NJ 07083 | EXECUTIVE DI | 2 | $0 |
| SERGE KARAKASH 855 RAHWAY AVE, UNION, NJ 07083 | TRUSTEE | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERROL KARAKASH 855 RAHWAY AVE, UNION, NJ 07083 | EXECUTIVE DI | 0 | $0 |
| SERGE KARAKASH 855 RAHWAY AVE, UNION, NJ 07083 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 855 RAHWAY AVE, UNION, NJ 07083-6633
- In care of
- % ERROL KARAKASH
- Signed the 990-PF
- ERROL KARAKASH, EXECUTIVE DIRECTOR
- Phone
- (908) 688-6111
- Return prepared by
- TONELLI SHEEDY & CO 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
- 84-2377028
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $1,085,175
- Income (IRS master file)
- $88,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $88,147 | $62,000 | $1,085,175 | XML |
| 990-PF | December 2024 | $7,767 | $266,000 | $1,008,862 | XML |
| 990-PF | December 2023 | $7,667 | $87,560 | $1,099,480 | 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 84-2377028).
Questions about HOVSEP FOUNDATION
- What is the EIN of HOVSEP FOUNDATION?
- The employer identification number (EIN) of HOVSEP FOUNDATION is 84-2377028.
- Is HOVSEP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to HOVSEP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HOVSEP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HOVSEP 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 HOVSEP 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 HOVSEP FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does HOVSEP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $88,147, expenses of $62,000 and total assets of $1,085,175 at year end.
Other nonprofits in UNION
- KEAN UNIVERSITY FOUNDATION INC EIN 22-2849480 · last filed 990 for 2025
- TOWNSHIP OF UNION POLICE ATHLETIC LEAGUE A NJ NONPROFIT CORPORATION EIN 88-1154588 · last filed 990-EZ for 2023
- DERON SCHOOL FOUNDATION EIN 84-3311859 · last filed 990-EZ for 2025
- NJ HOSA FOUNDATION EIN 99-3244804 · last filed 990-N for 2025
- JENKINS OUTREACH FOR YOUTH EIN 74-3097344 · last filed 990-N for 2025
- PSO360 EIN 81-3156064 · last filed 990-N for 2023
- SANAI LYN HESTER FOUNDATION EIN 99-2857673 · last filed 990-N for 2025
- HONOR SOCIETY OF PHI KAPPA PHI EIN 62-1783937 · last filed 990-N for 2025