Nonprofit · EIN 87-3383440
MARK AND KAREN GERGEL FOUNDATION INC
Tax-exempt · CANTON, GA 30115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $13,778 | $61,890 | -$48,112 | $356,088 | $2,500 | $353,588 |
| December 31, 2024 | 990-PF | $20,315 | $100,278 | -$79,963 | $401,700 | $0 | $401,700 |
| December 31, 2023 | 990-PF | $22,004 | $61,774 | -$39,770 | $481,663 | $0 | $481,663 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Interest
- $13,778
Expenses
- Grants and similar amounts paid
- $59,920
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $59,920
- Excise tax on investment income
- $168
Balance sheet and other
- Total assets, start of year
- $401,700
- Total assets, end of year
- $356,088
- Total liabilities, end of year
- $2,500
- Net assets, end of year
- $353,588
- Fair market value of assets
- $356,088
- Qualifying distributions
- $59,920
- Net investment income
- $13,778
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 |
|---|---|---|---|
| Mark Gergel 126 Owens Mill Place, Canton, GA 30115 | TREASURER | 0 | $0 |
| Karen Gergel 126 Owens Mill Place, Canton, GA 30115 | President | 0 | $0 |
| Kristin Swift 36 Green Heron Street, Inlet Beach, FL 32461 | Vice President | 0 | $0 |
| Michelle Burruss 137 EDINBURGH DRIVE, HOLLY SPRINGS, GA 30115 | Director | 0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Gergel 907 Peacocks Point Dr, Destin, FL 32541 | TREASURER | 0 | $0 |
| Karen Gergel 907 Peacocks Point Dr, Destin, FL 32541 | President | 0 | $0 |
| Kristin Swift 137 OLD FERRY ROAD, SANTA ROSA BEACH, FL 32459 | Vice President | 0 | $0 |
| Michelle Burruss 137 EDINBURGH DRIVE, HOLLY SPRINGS, GA 30115 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Gergel 907 Peacocks Point Dr, Destin, FL 32541 | TREASURER | 0 | $0 |
| Karen Gergel 907 Peacocks Point Dr, Destin, FL 32541 | President | 0 | $0 |
| Kristin Swift 137 OLD FERRY ROAD, SANTA ROSA BEACH, FL 32459 | Vice President | 0 | $0 |
| Michelle Burruss 137 EDINBURGH DRIVE, HOLLY SPRINGS, GA 30115 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 126 OWENS MILL PL, CANTON, GA 30115-6560
- In care of
- % MARK GERGEL
- Signed the 990-PF
- Mark Gergel, TREASURER
- Phone
- (404) 217-4782
- Website
- https://mkgfoundation.org/
- Return prepared by
- MILLER COOPER & CO LTD
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
- 87-3383440
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $356,088
- Income (IRS master file)
- $13,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $13,778 | $61,890 | $356,088 | IRS |
| 990-PF | December 2024 | $20,315 | $100,278 | $401,700 | IRS |
| 990-PF | December 2023 | $22,004 | $61,774 | $481,663 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | 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 87-3383440).
Questions about MARK AND KAREN GERGEL FOUNDATION INC
- What is the EIN of MARK AND KAREN GERGEL FOUNDATION INC?
- The employer identification number (EIN) of MARK AND KAREN GERGEL FOUNDATION INC is 87-3383440.
- Is MARK AND KAREN GERGEL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MARK AND KAREN GERGEL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARK AND KAREN GERGEL FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARK AND KAREN GERGEL FOUNDATION 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 MARK AND KAREN GERGEL FOUNDATION INC 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 MARK AND KAREN GERGEL FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MARK AND KAREN GERGEL FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $13,778, expenses of $61,890 and total assets of $356,088 at year end.
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