Nonprofit · EIN 94-1624987
KORET FOUNDATION
Tax-exempt · SAN FRANCISCO, CA 94111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $18,954,947 | $42,922,981 | -$23,968,034 | $287,431,078 | $48,129,765 | $239,301,313 |
| December 31, 2024 | 990-PF | $34,417,583 | $40,398,430 | -$5,980,847 | $315,527,122 | $59,059,374 | $256,467,748 |
| December 31, 2023 | 990-PF | $11,020,210 | $65,404,795 | -$54,384,585 | $392,510,686 | $149,582,241 | $242,928,445 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $5,511,417
- Interest
- $2,557,855
- Net rental income
- $906,335
- Net gain from sales of assets
- $6,054,032
Expenses
- Grants and similar amounts paid
- $32,345,008
- Compensation of officers, directors and key employees
- $1,025,680
- Salaries, compensation and benefits (total)
- $828,525
- Disbursements for charitable purposes
- $43,660,324
- Excise tax on investment income
- $2,297,275
Balance sheet and other
- Total assets, start of year
- $315,527,122
- Total assets, end of year
- $287,431,078
- Total liabilities, end of year
- $48,129,765
- Net assets, end of year
- $239,301,313
- Fair market value of assets
- $287,431,078
- Qualifying distributions
- $43,660,324
- Net investment income
- $170,342,202
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 | Other / benefits |
|---|---|---|---|---|
| JEFFREY FARBER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | CHIEF EXECUTIVE OFFICER | 38 | $570,413 | $123,577 |
| MARLENA WONG 611 FRONT STREET, SAN FRANCISCO, CA 94111 | CHIEF FINANCIAL OFFICER | 38 | $323,766 | $69,187 |
| JAMIE WONG 611 FRONT STREET, SAN FRANCISCO, CA 94111 | FINANCE & OPERATIONS Highest-paid employee | 38 | $162,064 | $35,069 |
| DANIELLE FOREMAN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR OF PROGRAMS Highest-paid employee | 38 | $159,199 | $24,875 |
| ASHLEY RODWICK 611 FRONT STREET, SAN FRANCISCO, CA 94111 | SENIOR PROGRAM OFFIC Highest-paid employee | 38 | $156,852 | $34,062 |
| ALISON STEIN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | GRANTS OFFICER Highest-paid employee | 38 | $149,237 | $31,690 |
| ELLEN LATHROP 611 FRONT STREET, SAN FRANCISCO, CA 94111 | ASSOCIATE PROGRAM & Highest-paid employee | 38 | $102,154 | $21,205 |
| MICHAEL J BOSKIN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 10 | $36,000 | $0 |
| RICHARD L GREENE SEE STATEMENT 24 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 5 | $34,000 | $0 |
| ABRAHAM D SOFAER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 5 | $31,500 | $0 |
| ANITA FRIEDMAN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 10 | $30,000 | $0 |
990-PF for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY FARBER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | CHIEF EXECUTIVE OFFICER | 38 | $573,710 | $121,288 |
| MARLENA WONG 611 FRONT STREET, SAN FRANCISCO, CA 94111 | CHIEF FINANCIAL OFFICER | 38 | $313,924 | $67,195 |
| DANIELLE FOREMAN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR OF PROGRAMS Highest-paid employee | 38 | $288,869 | $60,120 |
| ASHLEY RODWICK 611 FRONT STREET, SAN FRANCISCO, CA 94111 | SENIOR PROGRAM OFFIC Highest-paid employee | 38 | $149,827 | $32,649 |
| JAMIE WONG 611 FRONT STREET, SAN FRANCISCO, CA 94111 | FINANCE & OPERATIONS Highest-paid employee | 38 | $148,142 | $31,647 |
| ALISON STEIN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | GRANTS OFFICER Highest-paid employee | 38 | $145,962 | $30,758 |
| RACHEL SCHONWETTER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | PROGRAM OFFICER Highest-paid employee | 38 | $137,968 | $28,674 |
| MICHAEL J BOSKIN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 15 | $39,000 | $0 |
| RICHARD L GREENE SEE STATEMENT 24 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 6 | $38,500 | $0 |
| ABRAHAM D SOFAER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 6 | $36,500 | $0 |
| ANITA FRIEDMAN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 15 | $35,000 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY FARBER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | CHIEF EXECUTIVE OFFICER | 38 | $545,753 | $117,853 |
| MARLENA WONG 611 FRONT STREET, SAN FRANCISCO, CA 94111 | CHIEF FINANCIAL OFFICER | 38 | $294,042 | $64,903 |
| DANIELLE FOREMAN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR OF PROGRAMS Highest-paid employee | 38 | $279,820 | $57,980 |
| ASHLEY RODWICK 611 FRONT STREET, SAN FRANCISCO, CA 94111 | SENIOR PROGRAM OFFIC Highest-paid employee | 38 | $144,076 | $31,384 |
| JAMIE WONG 611 FRONT STREET, SAN FRANCISCO, CA 94111 | FINANCE & OPERATIONS Highest-paid employee | 38 | $142,901 | $30,294 |
| ALISON STEIN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | GRANTS OFFICER Highest-paid employee | 38 | $136,315 | $29,525 |
| RACHEL SCHONWETTER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | PROGRAM OFFICER Highest-paid employee | 38 | $127,120 | $27,751 |
| MICHAEL J BOSKIN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 15 | $29,000 | $0 |
| RICHARD L GREENE SEE STATEMENT 24 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 6 | $28,500 | $0 |
| ABRAHAM D SOFAER 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 6 | $26,500 | $0 |
| ANITA FRIEDMAN 611 FRONT STREET, SAN FRANCISCO, CA 94111 | DIRECTOR | 15 | $25,000 | $0 |
Address and contacts
- Address (IRS master file)
- 607 FRONT ST, SAN FRANCISCO, CA 94111-1913
- Signed the 990-PF
- MARLENA WONG, CFO & COO
- Phone
- (415) 882-7740
- Website
- WWW.KORET.ORG
- Return prepared by
- ARMANINO ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1624987 or by the name KORET 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
- 94-1624987
- 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
- 1966
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $287,431,078
- Income (IRS master file)
- $229,455,941
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $18,954,947 | $42,922,981 | $287,431,078 | XML |
| 990-PF | December 2024 | $34,417,583 | $40,398,430 | $315,527,122 | XML |
| 990-PF | December 2023 | $11,020,210 | $65,404,795 | $392,510,686 | 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 94-1624987).
Questions about KORET FOUNDATION
- What is the EIN of KORET FOUNDATION?
- The employer identification number (EIN) of KORET FOUNDATION is 94-1624987.
- Is KORET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to KORET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KORET FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KORET 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 KORET 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 KORET FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 11 people; 11 received compensation from the organization, the highest $570,413 (JEFFREY FARBER, CHIEF EXECUTIVE OFFICER).
- How much revenue does KORET FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $18,954,947, expenses of $42,922,981 and total assets of $287,431,078 at year end.
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