Nonprofit · EIN 85-0791281
KANE FOUNDATION
Tax-exempt · VERNON, CA 90058
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $329,942 | $178,288 | $151,654 | $3,149,387 | $0 | $3,149,387 |
| December 31, 2024 | 990-PF | $51,797 | $150,882 | -$99,085 | $2,999,344 | $7,658 | $2,991,686 |
| December 31, 2023 | 990-PF | $503,329 | $180,532 | $322,797 | $2,557,258 | $7,658 | $2,549,600 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $29,871
- Net gain from sales of assets
- $300,071
Expenses
- Grants and similar amounts paid
- $143,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $150,550
- Excise tax on investment income
- $4,202
Balance sheet and other
- Total assets, start of year
- $2,999,344
- Total assets, end of year
- $3,149,387
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,149,387
- Fair market value of assets
- $3,149,387
- Qualifying distributions
- $150,550
- Net investment income
- $329,942
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 |
|---|---|---|---|
| KAREN KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | PRESIDENT | 1 | $0 |
| LONNIE KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | CFO | 1 | $0 |
| MICHAEL KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | BOARD MEMBER | 1 | $0 |
| ROBERT KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | BOARD MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | PRESIDENT | 1 | $0 |
| LONNIE KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | CFO | 1 | $0 |
| MICHAEL KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | BOARD MEMBER | 1 | $0 |
| ROBERT KANE 2275 EAST 37TH STREET, LOS ANGELES, CA 90058 | BOARD MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karen Kane 2275 East 37th Street, Los Angeles, CA 90058 | President | 0 | $0 |
| Lonnie Kane 2275 East 37th Street, Los Angeles, CA 90058 | CFO | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2275 E 37TH ST, VERNON, CA 90058-1427
- In care of
- % LONNIE KANE
- Signed the 990-PF
- LONNIE KANE, CFO
- Phone
- (323) 588-0000
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-0791281 or by the name KANE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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
- 85-0791281
- 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)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $3,149,387
- Income (IRS master file)
- $1,295,544
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $329,942 | $178,288 | $3,149,387 | XML |
| 990-PF | December 2024 | $51,797 | $150,882 | $2,999,344 | XML |
| 990-PF | December 2023 | $503,329 | $180,532 | $2,557,258 | 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 85-0791281).
Questions about KANE FOUNDATION
- What is the EIN of KANE FOUNDATION?
- The employer identification number (EIN) of KANE FOUNDATION is 85-0791281.
- Is KANE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to KANE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KANE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KANE 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 KANE 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 KANE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does KANE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $329,942, expenses of $178,288 and total assets of $3,149,387 at year end.
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All nonprofits in VERNON · California · Arts, culture and humanities