Nonprofit · EIN 84-4036992
KARSTEN FAMILY FOUNDATION INC
Tax-exempt · FORT WORTH, TX 76107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $46,350 | $62,790 | -$16,440 | $608,084 | $0 | $608,084 |
| December 31, 2023 | 990-PF | $5,155 | $38,492 | -$33,337 | $594,122 | $0 | $594,122 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $602
- Dividends
- $14,488
- Net gain from sales of assets
- $31,260
Expenses
- Grants and similar amounts paid
- $54,201
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $54,201
Balance sheet and other
- Total assets, start of year
- $594,122
- Total assets, end of year
- $608,084
- Total liabilities, end of year
- $0
- Net assets, end of year
- $608,084
- Fair market value of assets
- $638,084
- Qualifying distributions
- $54,201
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 |
|---|---|---|---|
| THOMAS KARSTEN 3655 ENCANTO DRIVE, FORT WORTH, TX 76109 | PRESIDENT | 2 | $0 |
| KIMBERLY KARSTEN 3655 ENCANTO DRIVE, FORT WORTH, TX 76109 | TREASURER | 1 | $0 |
| MATTIE KARSTEN RICE 1622 SHADOW MOSS DR, CARROLLTON, TX 75007 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS KARSTEN 3655 ENCANTO DRIVE, FORT WORTH, TX 76109 | PRESIDENT | 2 | $0 |
| KIMBERLY KARSTEN 3655 ENCANTO DRIVE, FORT WORTH, TX 76109 | TREASURER | 1 | $0 |
| MATTIE KARSTEN RICE 1622 SHADOW MOSS DR, CARROLLTON, TX 75007 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3526 W VICKERY BLVD, FORT WORTH, TX 76107-5618
- Signed the 990-PF
- THOMAS A KARSTEN, OFFICER
- Phone
- (817) 201-3196
- Return prepared by
- CERITY 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 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
- 84-4036992
- 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)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $608,084
- Income (IRS master file)
- $60,850
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $46,350 | $62,790 | $608,084 | XML |
| 990-PF | December 2023 | $5,155 | $38,492 | $594,122 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 84-4036992).
Questions about KARSTEN FAMILY FOUNDATION INC
- What is the EIN of KARSTEN FAMILY FOUNDATION INC?
- The employer identification number (EIN) of KARSTEN FAMILY FOUNDATION INC is 84-4036992.
- Is KARSTEN FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to KARSTEN FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARSTEN FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARSTEN FAMILY 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 KARSTEN FAMILY FOUNDATION INC 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 KARSTEN FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KARSTEN FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $46,350, expenses of $62,790 and total assets of $608,084 at year end.
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All nonprofits in FORT WORTH · Texas · Philanthropy, voluntarism and grantmaking foundations