Nonprofit · EIN 91-1362028
THE KARL FOUNDATION
Tax-exempt · MERCER ISLAND, WA 98040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $23,137 | $41,217 | -$18,080 | $309,264 | $0 | $309,264 |
| October 31, 2024 | 990-PF | $14,354 | $33,902 | -$19,548 | $327,344 | $0 | $327,344 |
| October 31, 2023 | 990-PF | $15,085 | $43,630 | -$28,545 | $346,892 | $0 | $346,892 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Dividends
- $13,655
- Net gain from sales of assets
- $9,482
Expenses
- Grants and similar amounts paid
- $37,916
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $37,916
- Excise tax on investment income
- $291
Balance sheet and other
- Total assets, start of year
- $327,344
- Total assets, end of year
- $309,264
- Total liabilities, end of year
- $0
- Net assets, end of year
- $309,264
- Fair market value of assets
- $871,603
- Qualifying distributions
- $37,916
- Net investment income
- $23,137
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IRVIN H KARL 4631 FOREST AVENUE SE, MERCER ISLAND, WA 98040 | DIRECTOR | 0 | $0 |
| LAURA I KARL 4631 FOREST AVENUE SE, MERCER ISLAND, WA 98040 | DIRECTOR | 0 | $0 |
990-PF for the year ended October 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IRVIN H KARL 4631 FOREST AVENUE SE, MERCER ISLAND, WA 98040 | DIRECTOR | 0 | $0 |
| LAURA I KARL 4631 FOREST AVENUE SE, MERCER ISLAND, WA 98040 | DIRECTOR | 0 | $0 |
990-PF for the year ended October 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IRVIN H KARL 4631 FOREST AVENUE SE, MERCER ISLAND, WA 98040 | DIRECTOR | 0 | $0 |
| LAURA I KARL 4631 FOREST AVENUE SE, MERCER ISLAND, WA 98040 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4631 FOREST AVE SE, MERCER ISLAND, WA 98040-4306
- Signed the 990-PF
- IRV KARL, DIRECTOR
- Phone
- (206) 232-0747
- Return prepared by
- MORRISSETTE ACCOUNTING SOLUTIONS PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
IRS record
- EIN
- 91-1362028
- 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
- 1988
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $309,264
- Income (IRS master file)
- $26,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $23,137 | $41,217 | $309,264 | XML |
| 990-PF | October 2024 | $14,354 | $33,902 | $327,344 | XML |
| 990-PF | October 2023 | $15,085 | $43,630 | $346,892 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-PF | October 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 91-1362028).
Questions about THE KARL FOUNDATION
- What is the EIN of THE KARL FOUNDATION?
- The employer identification number (EIN) of THE KARL FOUNDATION is 91-1362028.
- Is THE KARL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to THE KARL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE KARL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE KARL FOUNDATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE KARL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of THE KARL FOUNDATION?
- The 990-PF for the year ended October 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does THE KARL FOUNDATION have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $23,137, expenses of $41,217 and total assets of $309,264 at year end.
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