Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 11-2725073

THE HERBERT M KAROL FOUNDATION

Tax-exempt · BOSTON, MA 02115

Financials

$35K$17K2023$6K$13K2024
Revenue Expenses · by fiscal year end
Financials of THE HERBERT M KAROL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$6,129$12,923-$6,794$67,554$0$67,554
December 31, 2023990-PF$34,693$17,279$17,414$74,348$0$74,348
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$5,266
Interest
$863

Expenses

Grants and similar amounts paid
$10,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$10,000
Excise tax on investment income
$85

Balance sheet and other

Total assets, start of year
$74,348
Total assets, end of year
$67,554
Total liabilities, end of year
$0
Net assets, end of year
$67,554
Fair market value of assets
$284,028
Qualifying distributions
$10,000
Net investment income
$6,129

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.

NameTitleHours / weekCompensation
STEVEN E KAROL
4483 SPRING ISLAND DRIVE, OKATIE, SC 29909
PRESIDENT0$0
JOAN L KAROL
64 SEAVER STREET, BROOKLINE, MA 02245
CHAIRPERSON0$0
JANE M KAROL
276 POPE ROAD, CONCORD, MA 01742
SECRETARY0$0
WILLIAM S KAROL
18 LONGMEADOW DRIVE, WESTWOOD, MA 02090
DIRECTOR0$0
HOWARD COOPER
276 POPE ROAD, CONCORD, MA 01742
TREASURER0$0
THOMAS D KAROL
5370 MEANDERS LANE, DALLAS, TX 75229
DIRECTOR0$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
STEVEN E KAROL
4483 SPRING ISLAND DRIVE, OKATIE, SC 29909
PRESIDENT0$0
JOAN L KAROL
64 SEAVER STREET, BROOKLINE, MA 02245
CHAIRPERSON0$0
JANE M KAROL
276 POPE ROAD, CONCORD, MA 01742
SECRETARY0$0
WILLIAM S KAROL
18 LONGMEADOW DRIVE, WESTWOOD, MA 02090
DIRECTOR0$0
HOWARD COOPER
276 POPE ROAD, CONCORD, MA 01742
TREASURER0$0
THOMAS D KAROL
5370 MEANDERS LANE, DALLAS, TX 75229
DIRECTOR0$0

Address and contacts

Address (IRS master file)
321 NEWBURY ST STE 2, BOSTON, MA 02115-2726
In care of
% HMK ENTERPRISES
Signed the 990-PF
STEVEN E KAROL, OFFICER
Phone
(781) 891-6660
Return prepared by
CHERRY BEKAERT ADVISORY LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
11-2725073
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
1985
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$67,554
Income (IRS master file)
$6,129

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$6,129$12,923$67,554IRS
990-PFDecember 2023$34,693$17,279$74,348XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––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 11-2725073).

Questions about THE HERBERT M KAROL FOUNDATION

What is the EIN of THE HERBERT M KAROL FOUNDATION?
The employer identification number (EIN) of THE HERBERT M KAROL FOUNDATION is 11-2725073.
Is THE HERBERT M KAROL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to THE HERBERT M KAROL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE HERBERT M KAROL FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE HERBERT M KAROL 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 THE HERBERT M KAROL 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 THE HERBERT M KAROL FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does THE HERBERT M KAROL FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $6,129, expenses of $12,923 and total assets of $67,554 at year end.

Other nonprofits in BOSTON

All nonprofits in BOSTON · Massachusetts