Nonprofit · EIN 26-0875013
THE MERALI FOUNDATION
Tax-exempt · RAPID CITY, SD 57709
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $241,792 | $487,256 | -$245,464 | $7,238,352 | $0 | $7,238,352 |
| December 31, 2024 | 990-PF | $1,036,608 | $570,982 | $465,626 | $7,486,180 | $2,364 | $7,483,816 |
| December 31, 2023 | 990-PF | $237,469 | $390,780 | -$153,311 | $7,020,650 | $2,460 | $7,018,190 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $119,150
- Interest
- $16,150
- Net gain from sales of assets
- $104,098
- Other income
- $2,394
Expenses
- Grants and similar amounts paid
- $396,700
- Compensation of officers, directors and key employees
- $48,333
- Disbursements for charitable purposes
- $421,818
- Excise tax on investment income
- $2,451
Balance sheet and other
- Total assets, start of year
- $7,486,180
- Total assets, end of year
- $7,238,352
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,238,352
- Fair market value of assets
- $8,445,535
- Qualifying distributions
- $421,818
- Net investment income
- $241,792
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 |
|---|---|---|---|
| KARIM MERALI PO BOX 2433, RAPID CITY, SD 57709 | PRESIDENT | 5 | $25,000 |
| MEHDI MERALI PO BOX 2433, RAPID CITY, SD 57709 | VICE PRESIDENT & DIRECTOR | 30 | $23,333 |
| AZIM MERALI PO BOX 2433, RAPID CITY, SD 57709 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARIM MERALI PO BOX 2433, RAPID CITY, SD 57709 | PRESIDENT | 5 | $75,000 |
| MEHDI MERALI PO BOX 2433, RAPID CITY, SD 57709 | VICE PRESIDENT & DIRECTOR | 30 | $40,000 |
| AZIM MERALI PO BOX 2433, RAPID CITY, SD 57709 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEHDI MERALI PO BOX 2433, RAPID CITY, SD 57709 | VICE PRESIDENT & DIRECTOR | 30 | $40,000 |
| KARIM MERALI PO BOX 2433, RAPID CITY, SD 57709 | PRESIDENT | 5 | $0 |
| AZIM MERALI PO BOX 2433, RAPID CITY, SD 57709 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2433, RAPID CITY, SD 57709-2433
- In care of
- % KARIM MERALI
- Signed the 990-PF
- KARIM MERALI, PRESIDENT
- Phone
- (605) 484-9000
- Return prepared by
- James Postma CPA
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
- 26-0875013
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $7,238,352
- Income (IRS master file)
- $418,779
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $241,792 | $487,256 | $7,238,352 | XML |
| 990-PF | December 2024 | $1,036,608 | $570,982 | $7,486,180 | XML |
| 990-PF | December 2023 | $237,469 | $390,780 | $7,020,650 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 26-0875013).
Questions about THE MERALI FOUNDATION
- What is the EIN of THE MERALI FOUNDATION?
- The employer identification number (EIN) of THE MERALI FOUNDATION is 26-0875013.
- Is THE MERALI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to THE MERALI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE MERALI FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE MERALI 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 THE MERALI 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 THE MERALI FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $25,000 (KARIM MERALI, PRESIDENT).
- How much revenue does THE MERALI FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $241,792, expenses of $487,256 and total assets of $7,238,352 at year end.
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All nonprofits in RAPID CITY · South Dakota · Philanthropy, voluntarism and grantmaking foundations