Nonprofit · EIN 26-4190675
FRANK AND KAREN PTAK FAMILY FOUNDATION
Tax-exempt · BOCA RATON, FL 33496
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $262,895 | $314,842 | -$51,947 | $1,606,134 | $0 | $1,606,134 |
| December 31, 2024 | 990-PF | $306,731 | $321,468 | -$14,737 | $1,658,444 | $0 | $1,658,444 |
| December 31, 2023 | 990-PF | $241,663 | $310,734 | -$69,071 | $1,674,800 | $1,592 | $1,673,208 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $200,000
- Dividends
- $51,356
- Interest
- $5,406
- Net gain from sales of assets
- $6,133
Expenses
- Grants and similar amounts paid
- $242,000
- Compensation of officers, directors and key employees
- $48,000
- Disbursements for charitable purposes
- $309,883
- Excise tax on investment income
- $816
Balance sheet and other
- Total assets, start of year
- $1,658,444
- Total assets, end of year
- $1,606,134
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,606,134
- Fair market value of assets
- $1,627,010
- Qualifying distributions
- $309,883
- Net investment income
- $62,895
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 |
|---|---|---|---|---|
| RUSSELL E PTAK 1250 NORTH LASALLE STREET, CHICAGO, IL 60610 | TR, DIRECTOR | 20 | $48,000 | $11,247 |
| JEFFREY B PTAK 2767 SHERIDAN RD, EVANSTON, IL 60201 | PRES, DIRECTOR | 0.5 | $0 | $0 |
| JACQUELYN F MORRIS 2132 TANGLEWOOD COURT, CHICAGO, IL 60035 | VP, DIRECTOR | 1 | $0 | $0 |
| FRANK S PTAK 2418 NW 61ST DIAGONAL, BOCA RATON, FL 33496 | DIRECTOR | 0.5 | $0 | $0 |
| KAREN M PTAK 2418 NW 61ST DIAGONAL, BOCA RATON, FL 33496 | DIRECTOR | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL E PTAK 1250 NORTH LASALLE STREET, CHICAGO, IL 60610 | TR, DIRECTOR | 20 | $48,816 | $10,888 |
| JEFFREY B PTAK 2767 SHERIDAN RD, EVANSTON, IL 60201 | PRES, DIRECTOR | 0.5 | $0 | $0 |
| JACQUELYN F MORRIS 2132 TANGLEWOOD COURT, HIGHLAND PARK, IL 60035 | VP, DIRECTOR | 1 | $0 | $0 |
| FRANK S PTAK 2418 NW 61ST DIAGONAL, BOCA RATON, FL 33496 | DIRECTOR | 0.5 | $0 | $0 |
| KAREN M PTAK 2418 NW 61ST DIAGONAL, BOCA RATON, FL 33496 | DIRECTOR | 0.5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSSELL E PTAK 1250 NORTH LASALLE STREET, CHICAGO, IL 60610 | TR, DIRECTOR | 20 | $48,000 | $10,074 |
| JEFFREY B PTAK 2767 SHERIDAN RD, EVANSTON, IL 60201 | PRES, DIRECTOR | 0.5 | $0 | $0 |
| JACQUELYN F MORRIS 2132 TANGLEWOOD COURT, HIGHLAND PARK, IL 60035 | VP, DIRECTOR | 1 | $0 | $0 |
| FRANK S PTAK 2418 NW 61ST DIAGONAL, BOCA RATON, FL 33496 | DIRECTOR | 0.5 | $0 | $0 |
| KAREN M PTAK 2418 NW 61ST DIAGONAL, BOCA RATON, FL 33496 | DIRECTOR | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2418 NW 61ST DIAGONAL, BOCA RATON, FL 33496-3643
- Signed the 990-PF
- FRANK PTAK, DIRECTOR
- Phone
- (312) 845-5459
- Return prepared by
- John F Costello CPA PA
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
- 26-4190675
- 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 (T22)
- Assets (IRS master file)
- $1,606,134
- Income (IRS master file)
- $476,762
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $262,895 | $314,842 | $1,606,134 | XML |
| 990-PF | December 2024 | $306,731 | $321,468 | $1,658,444 | IRS |
| 990-PF | December 2023 | $241,663 | $310,734 | $1,674,800 | 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 26-4190675).
Questions about FRANK AND KAREN PTAK FAMILY FOUNDATION
- What is the EIN of FRANK AND KAREN PTAK FAMILY FOUNDATION?
- The employer identification number (EIN) of FRANK AND KAREN PTAK FAMILY FOUNDATION is 26-4190675.
- Is FRANK AND KAREN PTAK FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to FRANK AND KAREN PTAK FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does FRANK AND KAREN PTAK FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of FRANK AND KAREN PTAK FAMILY 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 FRANK AND KAREN PTAK FAMILY 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 FRANK AND KAREN PTAK FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $48,000 (RUSSELL E PTAK, TR, DIRECTOR).
- How much revenue does FRANK AND KAREN PTAK FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $262,895, expenses of $314,842 and total assets of $1,606,134 at year end.
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