Nonprofit · EIN 04-6074427
ELIA AND FANNIE KARAS FOUNDATION INC
Tax-exempt · SOUTH BOSTON, MA 02127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-PF | $150,000 | $184,400 | -$34,400 | $773,826 | $0 | $773,826 |
| August 31, 2024 | 990-PF | $150,079 | $308,557 | -$158,478 | $808,226 | $0 | $808,226 |
| August 31, 2023 | 990-PF | $200,933 | $137,850 | $63,083 | $966,704 | $0 | $966,704 |
Financial details: 990-PF for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $150,000
Expenses
- Grants and similar amounts paid
- $178,225
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $178,225
Balance sheet and other
- Total assets, start of year
- $808,226
- Total assets, end of year
- $773,826
- Total liabilities, end of year
- $0
- Net assets, end of year
- $773,826
- Fair market value of assets
- $773,826
- Qualifying distributions
- $178,225
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH KARAS 50 LIBERTY DRIVE 9K, BOSTON, MA 02210 | PRESIDENT, TREASURER | 5 | $0 |
990-PF for the year ended August 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH KARAS 50 LIBERTY DRIVE 9K, BOSTON, MA 02210 | PRESIDENT, TREASURER | 5 | $0 |
990-PF for the year ended August 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH KARAS 50 LIBERTY DRIVE 9K, BOSTON, MA 02210 | PRESIDENT | 5 | $0 |
| BARBARA KARAS 500 ATLANTIC AVE UNIT 21B, BOSTON, MA 02210 | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 455 DORCHESTER AVE, SOUTH BOSTON, MA 02127-2707
- Signed the 990-PF
- JOSEPH KARAS, PRESIDENT
- Phone
- (617) 268-8800
- Return prepared by
- WALTER SHUFFAIN ADVISORS INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-PF on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-PF on file |
IRS record
- EIN
- 04-6074427
- 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
- 1957
- Accounting year ends
- August
- Files
- Form 990-PF
- Assets (IRS master file)
- $773,826
- Income (IRS master file)
- $150,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | August 2025 | $150,000 | $184,400 | $773,826 | XML |
| 990-PF | August 2024 | $150,079 | $308,557 | $808,226 | XML |
| 990-PF | August 2023 | $200,933 | $137,850 | $966,704 | XML |
| 990-PF | August 2022 | – | – | – | IRS |
| 990-PF | August 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 04-6074427).
Questions about ELIA AND FANNIE KARAS FOUNDATION INC
- What is the EIN of ELIA AND FANNIE KARAS FOUNDATION INC?
- The employer identification number (EIN) of ELIA AND FANNIE KARAS FOUNDATION INC is 04-6074427.
- Is ELIA AND FANNIE KARAS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to ELIA AND FANNIE KARAS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ELIA AND FANNIE KARAS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ELIA AND FANNIE KARAS FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELIA AND FANNIE KARAS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended August 2025.
- Who are the officers and directors of ELIA AND FANNIE KARAS FOUNDATION INC?
- The 990-PF for the year ended August 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does ELIA AND FANNIE KARAS FOUNDATION INC have?
- On its 990-PF for the year ended August 31, 2025 it reported revenue of $150,000, expenses of $184,400 and total assets of $773,826 at year end.
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