Nonprofit · EIN 81-4024541
KARINA FOUNDATION
Tax-exempt · MARION, MA 02738
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $219,085 | $144,030 | $75,055 | $1,890,302 | $45 | $1,890,257 |
| December 31, 2023 | 990-PF | $108,509 | $139,421 | -$30,912 | $1,815,247 | $45 | $1,815,202 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $57,297
- Interest
- $749
- Net gain from sales of assets
- $161,039
Expenses
- Grants and similar amounts paid
- $117,000
- Disbursements for charitable purposes
- $117,070
- Excise tax on investment income
- $3,460
Balance sheet and other
- Total assets, start of year
- $1,815,247
- Total assets, end of year
- $1,890,302
- Total liabilities, end of year
- $45
- Net assets, end of year
- $1,890,257
- Fair market value of assets
- $2,927,239
- Qualifying distributions
- $117,070
- Net investment income
- $275,909
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 |
|---|---|---|---|
| ERIC H STRAND 3 SCHOOL STREET, MARION, MA 02738 | TRUSTEE | 0 | $0 |
| KAREN L BRAITMAYER 4022 29TH AVE W, SEATTLE, WA 98199 | ADVISORY BD. | 0 | $0 |
| ERIC A BRAITMAYER 2 LEEWARD WAY, FAIRHAVEN, MA 02719 | ADVISORY BD. | 0 | $0 |
| KRISTINA B HEWEY 174 CRAIGIE STREET, PORTLAND, ME 04102 | ADVISORY BD. | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric H Strand 3 School Street, Marion, MA 02738 | Trustee | 0 | $0 |
| Karen L Braitmayer 4022 29th Ave W, Seattle, WA 98199 | Advisory Bd. | 0 | $0 |
| Eric A Braitmayer 2 Leeward Way, Fairhaven, MA 02719 | Advisory Bd. | 0 | $0 |
| Kristina B Hewey 174 Craigie Street, Portland, ME 04102 | Advisory Bd. | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 576, MARION, MA 02738-0010
- In care of
- % ERIC H STRAND
- Signed the 990-PF
- ERIC H STRAND, TRUSTEE
- Phone
- (508) 748-0800
- Return prepared by
- BEACON ADVISORS
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
- 81-4024541
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,890,302
- Income (IRS master file)
- $343,295
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $219,085 | $144,030 | $1,890,302 | XML |
| 990-PF | December 2023 | $108,509 | $139,421 | $1,815,247 | 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 81-4024541).
Questions about KARINA FOUNDATION
- What is the EIN of KARINA FOUNDATION?
- The employer identification number (EIN) of KARINA FOUNDATION is 81-4024541.
- Is KARINA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to KARINA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARINA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARINA 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 KARINA 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 KARINA FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does KARINA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $219,085, expenses of $144,030 and total assets of $1,890,302 at year end.
Other nonprofits in MARION
- QUARTERDECK FOUNDATION EIN 81-4060929 · last filed 990-PF for 2024
- THE MARION INSTITUTE INC EIN 04-3206583 · last filed 990 for 2025
- RUBENSTEIN FAMILY TRUST EIN 04-6833651 · last filed 990-PF for 2024
- THE MAURICE AND ANNIE MAKEPEACE FAMILY FOUNDATION EIN 04-6863845 · last filed 990-PF for 2024
- LUDES FAMILY FOUNDATION EIN 04-3448695 · last filed 990-PF for 2024
- WILLOW CREEK CHARITABLE FOUNDATION EIN 10-0003568 · last filed 990-PF for 2024
- RUTH K AND RALPH G WEBBER FAMILY FOUNDATION INC EIN 45-0493490 · last filed 990-PF for 2025
- PLANETARY METAMORPHOSIS FOUNDATION EIN 13-4137070 · last filed 990-PF for 2024
All nonprofits in MARION · Massachusetts · Philanthropy, voluntarism and grantmaking foundations