Nonprofit · EIN 88-1408473
KITE FAMILY FOUNDATION
Tax-exempt · PENNINGTON, NJ 08534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,044,602 | $208,983 | $835,619 | $4,294,958 | $0 | $4,294,958 |
| December 31, 2023 | 990-PF | $4,594,963 | $62,983 | $4,531,980 | $3,935,413 | $0 | $3,935,413 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $551,094
- Dividends
- $105,823
- Net gain from sales of assets
- $387,685
Expenses
- Grants and similar amounts paid
- $130,000
- Disbursements for charitable purposes
- $151,850
- Excise tax on investment income
- $6,392
Balance sheet and other
- Total assets, start of year
- $3,935,413
- Total assets, end of year
- $4,294,958
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,294,958
- Fair market value of assets
- $6,519,057
- Qualifying distributions
- $151,850
- Net investment income
- $493,181
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 O KITE JR 6 NOB HILL CIR, W LAKE HILLS, TX 787463650 | PRESIDENT & BOARD MEMBER | 1 | $0 |
| STEPHANIE KITE JONES 3783 POE DR, VESTAVIA, AL 352232894 | SECRETARY & BOARD MEMBER | 1 | $0 |
| PAUL C KITE 192 32ND ST APT 2, BROOKLYN, NY 11232 | BOARD MEMBER | 1 | $0 |
| DAVID T KITE 2570 MORNING DOVE LANE, CHARLESTON, SC 29414 | BOARD MEMBER | 1 | $0 |
| SANDRA SUE JONES 6 NOB HILL CIR, W LAKE HILLS, TX 787463650 | BOARD MEMBER | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS O KITE JR 6 NOB HILL CIR, W LAKE HILLS, TX 787463650 | PRESIDENT & BOARD MEMBER | 1 | $0 |
| STEPHANIE KITE JONES 3783 POE DR, VESTAVIA, AL 352232894 | SECRETARY & BOARD MEMBER | 1 | $0 |
| PAUL C KITE 192 32ND ST APT 2, BROOKLYN, NY 11232 | BOARD MEMBER | 1 | $0 |
| DAVID T KITE 2570 MORNING DOVE LANE, CHARLESTON, SC 29414 | BOARD MEMBER | 1 | $0 |
| SANDRA SUE JONES 6 NOB HILL CIR, W LAKE HILLS, TX 787463650 | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1532, PENNINGTON, NJ 08534-0691
- Signed the 990-PF
- MR THOMAS O KITE JR, TRUSTEE
- Phone
- (888) 866-3275
- Return prepared by
- BANK OF AMERICA
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
- 88-1408473
- 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
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $4,294,958
- Income (IRS master file)
- $2,153,901
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,044,602 | $208,983 | $4,294,958 | IRS |
| 990-PF | December 2023 | $4,594,963 | $62,983 | $3,935,413 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-1408473).
Questions about KITE FAMILY FOUNDATION
- What is the EIN of KITE FAMILY FOUNDATION?
- The employer identification number (EIN) of KITE FAMILY FOUNDATION is 88-1408473.
- Is KITE FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to KITE FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KITE FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KITE FAMILY FOUNDATION 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 KITE FAMILY FOUNDATION 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 KITE FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does KITE FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,044,602, expenses of $208,983 and total assets of $4,294,958 at year end.
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