Nonprofit · EIN 34-0770687
KULAS FOUNDATION
Tax-exempt · CLEVELAND, OH 44113
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,427,652 | $2,749,928 | -$322,276 | $46,413,486 | $8,663 | $46,404,823 |
| December 31, 2023 | 990-PF | $1,867,847 | $2,642,761 | -$774,914 | $44,183,148 | $0 | $44,183,148 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $1,332,694
- Net gain from sales of assets
- $1,062,540
- Other income
- $32,418
Expenses
- Grants and similar amounts paid
- $1,933,500
- Compensation of officers, directors and key employees
- $379,208
- Disbursements for charitable purposes
- $2,560,493
- Excise tax on investment income
- $31,563
Balance sheet and other
- Total assets, start of year
- $44,183,148
- Total assets, end of year
- $46,413,486
- Total liabilities, end of year
- $8,663
- Net assets, end of year
- $46,404,823
- Fair market value of assets
- $46,413,486
- Qualifying distributions
- $2,560,493
- Net investment income
- $2,428,863
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY W MCCANN LLC 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | PRESIDENT/TREASURER/TRUSTEE | 20 | $193,000 | $0 |
| LOU GRASSO 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT & SECRETARY | 20 | $129,167 | $9,042 |
| RICHARD W POGUE 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | CHAIRMAN OF THE BOARD, TRUSTEE | 1 | $12,000 | $0 |
| CHRISTOPHER M KELLY 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT/TRUSTEE | 1 | $12,000 | $0 |
| HEATHER LENNOX 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT/TRUSTEE | 1 | $12,000 | $0 |
| JOHN M SAADA JR 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT/TRUSTEE | 1 | $12,000 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY W MCCANN LLC 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | PRESIDENT/TREASURER/TRUSTEE | 20 | $182,500 | $0 |
| LOU GRASSO 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT & SECRETARY | 20 | $120,000 | $8,400 |
| RICHARD W POGUE 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | CHAIRMAN OF THE BOARD, TRUSTEE | 1 | $11,500 | $0 |
| CHRISTOPHER M KELLY 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT/TRUSTEE | 1 | $11,500 | $0 |
| HEATHER LENNOX 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT/TRUSTEE | 1 | $11,500 | $0 |
| JOHN M SAADA JR 1660 WEST 2ND ST SUITE 800, CLEVELAND, OH 441131461 | VICE PRESIDENT/TRUSTEE | 1 | $11,500 | $0 |
Address and contacts
- Address (IRS master file)
- 1660 W 2ND ST STE 800, CLEVELAND, OH 44113-1461
- In care of
- % LOU GRASSO
- Signed the 990-PF
- LOU GRASSO, VP/SECRETARY
- Phone
- (216) 623-4770
- Website
- HTTPS://WWW.MURPHYKULAS.ORG/
- Return prepared by
- BDO USA PC
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 | Not 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
- 34-0770687
- 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
- 1938
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $46,413,486
- Income (IRS master file)
- $14,103,843
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,427,652 | $2,749,928 | $46,413,486 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,867,847 | $2,642,761 | $44,183,148 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 34-0770687).
Questions about KULAS FOUNDATION
- What is the EIN of KULAS FOUNDATION?
- The employer identification number (EIN) of KULAS FOUNDATION is 34-0770687.
- Is KULAS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
- Are donations to KULAS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KULAS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KULAS 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 KULAS 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 KULAS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $193,000 (NANCY W MCCANN LLC, PRESIDENT/TREASURER/TRUSTEE).
- How much revenue does KULAS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,427,652, expenses of $2,749,928 and total assets of $46,413,486 at year end.
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