Nonprofit · EIN 59-2849765
KARVE CHARITABLE FOUNDATION INC
Tax-exempt · OCALA, FL 34471
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $11,244 | $26,566 | -$15,322 | $221,116 | $0 | $221,116 |
| December 31, 2023 | 990-PF | $6,375 | $26,193 | -$19,818 | $236,438 | $0 | $236,438 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $3,575
- Net gain from sales of assets
- $7,669
Expenses
- Grants and similar amounts paid
- $19,758
- Disbursements for charitable purposes
- $19,758
- Excise tax on investment income
- $288
Balance sheet and other
- Total assets, start of year
- $236,438
- Total assets, end of year
- $221,116
- Total liabilities, end of year
- $0
- Net assets, end of year
- $221,116
- Fair market value of assets
- $206,386
- Qualifying distributions
- $19,758
- Net investment income
- $27,520
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 |
|---|---|---|---|
| NR KARVE 2091 SW 55TH ST RD, OCALA, FL 34471 | PRESIDENT | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nandkumar karve 2091 SW 55th ST RD, Ocala, FL 34474 | President | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2091 SW 55TH STREET RD, OCALA, FL 34471-0131
- Signed the 990-PF
- NANDKUMAR KARVE, PRESIDENT
- Phone
- (352) 237-3084
- Return prepared by
- JOHN T DRISCOLL 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 | Check at the IRS |
| 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
- 59-2849765
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $542,477
- Income (IRS master file)
- $83,393
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $11,244 | $26,566 | $221,116 | XML |
| 990-PF | December 2023 | $6,375 | $26,193 | $236,438 | 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 59-2849765).
Questions about KARVE CHARITABLE FOUNDATION INC
- What is the EIN of KARVE CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of KARVE CHARITABLE FOUNDATION INC is 59-2849765.
- Is KARVE CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to KARVE CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARVE CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARVE CHARITABLE FOUNDATION INC 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 KARVE CHARITABLE FOUNDATION INC 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 KARVE CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does KARVE CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $11,244, expenses of $26,566 and total assets of $221,116 at year end.
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