Nonprofit · EIN 87-2587965
KARUNA INC
Tax-exempt · LA CROSSE, WI 54601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $472,425 | $439,489 | $32,936 | $525,293 | $457,289 | $68,004 |
| December 31, 2024 | 990 | $265,501 | $365,689 | -$100,188 | $37,887 | $2,819 | $35,068 |
| December 31, 2023 | 990 | $255,855 | $181,493 | $74,362 | $138,699 | $3,443 | $135,256 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $380,617
- Program service revenue
- $10,248
- Investment income
- $2
- Net income from fundraising events
- $81,558
- Other revenue
- $81,558
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $274,484
- Salaries, compensation and benefits (total)
- $304,338
- Professional fundraising fees
- $0
- Accounting fees
- $6,480
- Occupancy
- $65,986
- Depreciation
- $995
- Program services (functional)
- $387,647
- Management and general (functional)
- $34,951
- Fundraising (functional)
- $16,891
Balance sheet and other
- Total assets, start of year
- $37,887
- Total assets, end of year
- $525,293
- Total liabilities, end of year
- $457,289
- Net assets, end of year
- $68,004
- Land, buildings and equipment
- $489,330
- Gross receipts
- $472,425
- Employees
- 14
- Volunteers
- 2
- Year formed
- 2021
- State of legal domicile
- WI
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA MCDERMID | EXECUTIVE DI Trustee or director, Officer | 40 | $77,400 |
| KARA BURGOS | PRESIDENT Trustee or director | 2 | $0 |
| KAHYA FOX | VICE PRESIDE Trustee or director | 2 | $0 |
| KAREN NEUSER FSPA | SECRETARY Trustee or director | 2 | $0 |
| STACEY KALAS | MEMBER Trustee or director | 2 | $0 |
| MARLA KAUFMAN | MEMBER Trustee or director | 2 | $0 |
| ELISABETH RASK | TREASURER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA MCDERMID | EXECUTIVE DI Trustee or director, Officer | 40 | $76,846 |
| KARA BURGOS | PRESIDENT Trustee or director | 2 | $0 |
| KAHYA FOX | VICE PRESIDE Trustee or director | 2 | $0 |
| KAREN NEUSER FSPA | SECRETARY Trustee or director | 2 | $0 |
| STACEY KALAS | MEMBER Trustee or director | 2 | $0 |
| MARLA KAUFMAN | MEMBER Trustee or director | 2 | $0 |
| ELISABETH RASK | TREASURER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA MCDERMID | PROGRAM DIRE Trustee or director, Officer | 40 | $75,000 |
| KARA BURGOS | PRESIDENT Trustee or director | 1 | $0 |
| KAHYA FOX | VICE PRESIDE Trustee or director | 1 | $0 |
| KAREN NEUSER FSPA | SECRETARY Trustee or director | 1 | $0 |
| JESSICA OLSON | MEMBER Trustee or director | 1 | $0 |
| ELISABETH RASK | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 201 MAIN ST STE 700, LA CROSSE, WI 54601-0718
- In care of
- % KARU
- Principal officer (990 for 2025)
- JULIA MCDERMID, 703 FARNAM STREET UNIT 207, LA CROSSE, WI 54601
- Signed the 990
- KARA BURGOS, PRESIDENT
- Phone
- (608) 799-2880
- Return prepared by
- MORRISON & ASSOCIATES SC
Mission
MISSION STATEMENT: TO CREATE AND FOSTER STRONG COMMUNITY BY PROVIDING A FOUNDATION TO EMPOWER UNSHELTERED INDIVIDUALS TO CULTIVATE RESILIENCE, ELEVATE THEIR PERSONAL DIGNITY, AND FIND THEIR OWN LIFE WORTH LIVING. PRIMARY EXEMPT PURPOSE: TO PROVIDE EMERGENCY AND PERMANENT HOUSING FOR PEOPLE WHO ARE EXPERIENCING HOMELESSNESS OR AT IMMINENT RISK OF HOMELESSNESS, HAVE DISABILITIES OR OTHER SPECIAL NEEDS.
Program accomplishments
- THE ORGANIZATION PROVIDES EMERGENCY AND PERMANENT SHELTER/HOUSING FOR THOSE EXPERIENCING HOMELESSNESS OR ARE AT IMMINENT RISK OF HOMELESSNESS, HAVE DISABILITIES OR OTHER SPECIAL NEEDS IN THE LA CROSSE COMMUNITY.Expenses $387,647
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 | 990 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
- 87-2587965
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $525,293
- Income (IRS master file)
- $472,425
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $472,425 | $439,489 | $525,293 | XML |
| 990 | December 2024 | $265,501 | $365,689 | $37,887 | XML |
| 990 | December 2023 | $255,855 | $181,493 | $138,699 | XML |
| 990 | December 2022 | $1,079,427 | $1,014,558 | $61,832 | IRS |
| 990-EZ | December 2021 | – | – | – | 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 87-2587965).
Questions about KARUNA INC
- What is the EIN of KARUNA INC?
- The employer identification number (EIN) of KARUNA INC is 87-2587965.
- Is KARUNA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to KARUNA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KARUNA 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 KARUNA INC 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 KARUNA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KARUNA INC?
- The 990 for the year ended December 31, 2025 names JULIA MCDERMID.
- Who are the officers and directors of KARUNA INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $77,400 (JULIA MCDERMID, EXECUTIVE DI).
- How much revenue does KARUNA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $472,425, expenses of $439,489 and total assets of $525,293 at year end.
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