Nonprofit · EIN 65-0632704
ARTHUR S KARP FAMILY FOUNDATION INC
Tax-exempt · SARASOTA, FL 34242
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $110,207 | $207,771 | -$97,564 | $1,825,510 | $270,828 | $1,554,682 |
| June 30, 2024 | 990-PF | $94,141 | $248,106 | -$153,965 | $1,891,638 | $239,392 | $1,652,246 |
| June 30, 2023 | 990-PF | $81,070 | $261,952 | -$180,882 | $2,033,367 | $227,156 | $1,806,211 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $95,819
- Net gain from sales of assets
- $14,355
- Other income
- $33
Expenses
- Grants and similar amounts paid
- $168,500
- Compensation of officers, directors and key employees
- $17,000
- Disbursements for charitable purposes
- $168,500
- Excise tax on investment income
- $1,296
Balance sheet and other
- Total assets, start of year
- $1,891,638
- Total assets, end of year
- $1,825,510
- Total liabilities, end of year
- $270,828
- Net assets, end of year
- $1,554,682
- Fair market value of assets
- $3,229,961
- Qualifying distributions
- $168,500
- Net investment income
- $110,207
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAMMY S KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | SECRETARY | 10 | $17,000 |
| SUSAN KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | CEO | 0 | $0 |
| RICHARD J KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | CFO | 0 | $0 |
990-PF for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAMMY S KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | SECRETARY | 10 | $22,000 |
| SUSAN KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | CEO | 0 | $0 |
| RICHARD J KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | CFO | 0 | $0 |
990-PF for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAMMY S KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | SECRETARY | 10 | $24,000 |
| SUSAN KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | CEO | 0 | $0 |
| RICHARD J KARP 8855 MIDNIGHT PASS ROAD, SARASOTA, FL 34242 | CFO | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 8855 MIDNIGHT PASS RD, SARASOTA, FL 34242-3838
- In care of
- % GERSON PRESTON ROBINSON
- Signed the 990-PF
- MARY SUE KARP, TREASURER
- Phone
- (305) 868-3600
- Return prepared by
- GERSON PRESTON
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 65-0632704
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90Z)
- Assets (IRS master file)
- $1,825,510
- Income (IRS master file)
- $95,852
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $110,207 | $207,771 | $1,825,510 | IRS |
| 990-PF | June 2024 | $94,141 | $248,106 | $1,891,638 | IRS |
| 990-PF | June 2023 | $81,070 | $261,952 | $2,033,367 | XML |
| 990-PF | June 2019 | – | – | – | 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 65-0632704).
Questions about ARTHUR S KARP FAMILY FOUNDATION INC
- What is the EIN of ARTHUR S KARP FAMILY FOUNDATION INC?
- The employer identification number (EIN) of ARTHUR S KARP FAMILY FOUNDATION INC is 65-0632704.
- Is ARTHUR S KARP FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to ARTHUR S KARP FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ARTHUR S KARP FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ARTHUR S KARP FAMILY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARTHUR S KARP FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of ARTHUR S KARP FAMILY FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 3 people; 1 received compensation from the organization, the highest $17,000 (TAMMY S KARP, SECRETARY).
- How much revenue does ARTHUR S KARP FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $110,207, expenses of $207,771 and total assets of $1,825,510 at year end.
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All nonprofits in SARASOTA · Florida · Philanthropy, voluntarism and grantmaking foundations