Nonprofit · EIN 16-1731977
KARUNA FOUNDATION
Tax-exempt · SEDONA, AZ 86336
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $57,098 | $201,512 | -$144,414 | $1,870,336 | $0 | $1,870,336 |
| December 31, 2024 | 990-PF | $134,089 | $199,954 | -$65,865 | $2,014,750 | $0 | $2,014,750 |
| December 31, 2023 | 990-PF | $8,552 | $164,715 | -$156,163 | $2,058,623 | $0 | $2,058,623 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $33,135
- Interest
- $12,213
- Net gain from sales of assets
- $11,750
Expenses
- Grants and similar amounts paid
- $155,000
- Disbursements for charitable purposes
- $161,589
- Excise tax on investment income
- $245
Balance sheet and other
- Total assets, start of year
- $2,014,750
- Total assets, end of year
- $1,870,336
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,870,336
- Fair market value of assets
- $3,618,348
- Qualifying distributions
- $161,589
- Net investment income
- $57,098
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 |
|---|---|---|---|
| ANNE COWETT 535 BARCELONA ROAD, SEDONA, AZ 86336 | SOLE DIRECTOR, PRESIDENT, TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE COWETT 535 BARCELONA RD, SEDONA, AZ 863365915 | SOLE DIRECTOR,PRES.,TREAS. | 1 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE COWETT 535 BARCELONA RD, SEDONA, AZ 863365915 | SOLE DIRECTOR,PRES.,TREAS. | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O ANNE COWETT 535 BARCELONA ROAD, SEDONA, AZ 86336-0000
- In care of
- % ANNE COWETT
- Signed the 990-PF
- Anne Cowett, Director
- Phone
- (928) 204-1308
- Return prepared by
- Forvis Mazars LLP
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
- 16-1731977
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,870,336
- Income (IRS master file)
- $340,031
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $57,098 | $201,512 | $1,870,336 | IRS |
| 990-PF | December 2024 | $134,089 | $199,954 | $2,014,750 | IRS |
| 990-PF | December 2023 | $8,552 | $164,715 | $2,058,623 | 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 16-1731977).
Questions about KARUNA FOUNDATION
- What is the EIN of KARUNA FOUNDATION?
- The employer identification number (EIN) of KARUNA FOUNDATION is 16-1731977.
- Is KARUNA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to KARUNA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARUNA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARUNA 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 KARUNA 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 KARUNA FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does KARUNA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $57,098, expenses of $201,512 and total assets of $1,870,336 at year end.
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All nonprofits in SEDONA · Arizona · Philanthropy, voluntarism and grantmaking foundations