Nonprofit · EIN 27-3586426
KAREN AND JASON SUSSMAN FAMILY FOUNDATION
Tax-exempt · LONG GROVE, IL 60047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $153,406 | $75,608 | $77,798 | $907,419 | $0 | $907,419 |
| December 31, 2024 | 990-PF | $168,419 | $73,115 | $95,304 | $829,655 | $0 | $829,655 |
| December 31, 2023 | 990-PF | $141,624 | $60,615 | $81,009 | $734,351 | $0 | $734,351 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $25,276
- Dividends
- $11,304
- Interest
- $57
- Net gain from sales of assets
- $116,769
Expenses
- Grants and similar amounts paid
- $69,445
- Disbursements for charitable purposes
- $71,470
- Excise tax on investment income
- $1,754
Balance sheet and other
- Total assets, start of year
- $829,655
- Total assets, end of year
- $907,419
- Total liabilities, end of year
- $0
- Net assets, end of year
- $907,419
- Fair market value of assets
- $1,436,560
- Qualifying distributions
- $71,470
- Net investment income
- $128,360
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 |
|---|---|---|---|
| JASON SUSSMAN 4485 NORMANDY COURT, LONG GROVE, IL 60047 | VICE PRESIDENT, TREASURER | 0.5 | $0 |
| Karen Sussman 4485 NORMANDY COURT, LONG GROVE, IL 60047 | PRESIDENT | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN SUSSMAN 4485 NORMANDY COURT, LONG GROVE, IL 60047 | PRESIDENT | 0.5 | $0 |
| JASON SUSSMAN 4485 NORMANDY COURT, LONG GROVE, IL 60047 | VICE PRESIDENT, TREASURER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN SUSSMAN 4485 NORMANDY COURT, LONG GROVE, IL 60047 | PRESIDENT | 0.5 | $0 |
| JASON SUSSMAN 4485 NORMANDY COURT, LONG GROVE, IL 60047 | VICE PRESIDENT, TREASURER | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4485 NORMANDY CT, LONG GROVE, IL 60047-5206
- In care of
- % JASON SUSSMAN
- Signed the 990-PF
- JASON SUSSMAN, TREASURER
- Phone
- (847) 924-8669
- Return prepared by
- BDO USA
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
- 27-3586426
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $907,419
- Income (IRS master file)
- $36,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $153,406 | $75,608 | $907,419 | IRS |
| 990-PF | December 2024 | $168,419 | $73,115 | $829,655 | XML |
| 990-PF | December 2023 | $141,624 | $60,615 | $734,351 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 27-3586426).
Questions about KAREN AND JASON SUSSMAN FAMILY FOUNDATION
- What is the EIN of KAREN AND JASON SUSSMAN FAMILY FOUNDATION?
- The employer identification number (EIN) of KAREN AND JASON SUSSMAN FAMILY FOUNDATION is 27-3586426.
- Is KAREN AND JASON SUSSMAN FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to KAREN AND JASON SUSSMAN FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KAREN AND JASON SUSSMAN FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KAREN AND JASON SUSSMAN 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 KAREN AND JASON SUSSMAN 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 KAREN AND JASON SUSSMAN FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does KAREN AND JASON SUSSMAN FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $153,406, expenses of $75,608 and total assets of $907,419 at year end.
Other nonprofits in LONG GROVE
- L&W CHARITABLE FOUNDATION EIN 47-2391923 · last filed 990-PF for 2025
- DECLAN DRUMM SULLIVAN MEMORIAL FUND EIN 27-6886934 · last filed 990 for 2025
- LAURI S BAUER FOUNDATION EIN 45-1158371 · last filed 990-PF for 2025
- FIREFLY FOUNDATION NFP EIN 20-3845764 · last filed 990-PF for 2025
- MAYHEM BASEBALL CORPORATION NFP EIN 46-3897724 · last filed 990-PF for 2025
- 88KEYS TO CURE NFP EIN 81-5372945 · last filed 990-N for 2025
- KNANAYA CATHOLIC CONGRESS OF NORTH AMERICA INC EIN 11-3433402 · last filed 990 for 2024
- LONG GROVE BUSINESS AND COMMUNITYPARTNERS EIN 20-3818886 · last filed 990 for 2024
All nonprofits in LONG GROVE · Illinois · Philanthropy, voluntarism and grantmaking foundations