Nonprofit · EIN 42-1552724
KAREN CARNS FOUNDATION
Tax-exempt · MASON, OH 45040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $161,021 | $98,606 | $62,415 | $847,965 | $0 | $847,965 |
| December 31, 2024 | 990 | $179,386 | $142,118 | $37,268 | $779,058 | $0 | $779,058 |
| December 31, 2023 | 990 | $281,181 | $121,039 | $160,142 | $741,790 | $0 | $741,790 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $130,445
- Program service revenue
- $0
- Investment income
- $11,598
- Net income from fundraising events
- $18,978
- Other revenue
- $18,978
Expenses
- Grants and similar amounts paid
- $30,055
- Other salaries and wages
- $21,000
- Salaries, compensation and benefits (total)
- $21,000
- Professional fundraising fees
- $0
- Program services (functional)
- $70,105
- Management and general (functional)
- $28,501
Balance sheet and other
- Total assets, start of year
- $779,058
- Total assets, end of year
- $847,965
- Total liabilities, end of year
- $0
- Net assets, end of year
- $847,965
- Publicly traded securities
- $174,077
- Gross receipts
- $216,185
- Employees
- 0
- Year formed
- 2004
- State of legal domicile
- OH
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM CARNS | FOUNDER Trustee or director | – | $0 |
| STEVE HENGEHOLD | LEGAL Trustee or director | – | $0 |
| JIM KELLY | PRESIDENT Officer | – | $0 |
| ALLEN WALLANDER | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM CARNS | FOUNDER Trustee or director | – | $0 |
| STEVE HENGEHOLD | LEGAL Trustee or director | – | $0 |
| JIM KELLY | PRESIDENT Officer | – | $0 |
| ALLEN WALLANDER | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM CARNS | FOUNDER Trustee or director | – | $0 |
| STEVE HENGEHOLD | LEGAL Trustee or director | – | $0 |
| JIM KELLY | PRESIDENT Officer | – | $0 |
| ALLEN WALLANDER | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 4600 N MASON MONTGOMERY RD, MASON, OH 45040-9176
- In care of
- % LAURIE HIBNER
- Principal officer (990 for 2025)
- JIM KELLY
- Signed the 990
- ALLEN WALLANDER, TREASURER
- Phone
- (513) 293-5280
- Website
- WWW.KARENCARNSFOUNDATION.ORG
- Return prepared by
- SEIBEL & KATZ CPAS
Mission
A CHILD WILL NEVER BE REMOVED FROM HIS OR HER ENVIRONMENT OF A PRIVATE ELEMENTARY OR HIGH SCHOOL EDUCATION DUE TO A LIFE-CHANGING EVENT THAT AFFECTS THE FAMILY'S FINANCIAL SITUATION. PROVIDE NEW WINTER COATS TO CHILDREN IN NEED.
Program accomplishments
- A CHILD WILL NEVER BE REMOVED FROM HIS OR HER ENVIRONMENT OF A PRIVATE ELEMENTARY OR HIGH SCHOOL EDUCATION DUE TO A LIFE-CHANGING EVENT THAT AFFECTS THE FAMILY'S FINANCIAL SITUATION.Expenses $30,055 · grants $30,055 · revenue $172,039
- INVOLVING CHILDREN IN THE CHARITY OF PROVIDING NEW WINTER COATS TO THOSE LESS FORTUNATE.Expenses $40,050 · revenue $32,549
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1552724
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P12)
- Assets (IRS master file)
- $847,965
- Income (IRS master file)
- $216,185
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $161,021 | $98,606 | $847,965 | XML |
| 990 | December 2024 | $179,386 | $142,118 | $779,058 | XML |
| 990 | December 2023 | $281,181 | $121,039 | $741,790 | XML |
| 990 | December 2022 | $243,572 | $159,717 | $581,648 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 42-1552724).
Questions about KAREN CARNS FOUNDATION
- What is the EIN of KAREN CARNS FOUNDATION?
- The employer identification number (EIN) of KAREN CARNS FOUNDATION is 42-1552724.
- Is KAREN CARNS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to KAREN CARNS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KAREN CARNS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KAREN CARNS 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 CARNS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KAREN CARNS FOUNDATION?
- The 990 for the year ended December 31, 2025 names JIM KELLY.
- Who are the officers and directors of KAREN CARNS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does KAREN CARNS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $161,021, expenses of $98,606 and total assets of $847,965 at year end.
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