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Nonprofit · EIN 83-0980580

KASSOUF FAMILY FOUNDATION INC

Tax-exempt · PRT WASHINGTN, WI 53074

Financials

$88K$281K2023$390K$630K2024$28K$22K2025
Revenue Expenses · by fiscal year end
Financials of KASSOUF FAMILY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$27,726$21,602$6,124$1,312,272$0$1,312,272
December 31, 2024990-PF$389,543$629,692-$240,149$1,306,443$0$1,306,443
December 31, 2023990-PF$88,015$281,112-$193,097$1,570,920$25,000$1,545,920
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Dividends
$30,396
Interest
$9,532
Net gain from sales of assets
-$12,202

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Excise tax on investment income
$386

Balance sheet and other

Total assets, start of year
$1,306,443
Total assets, end of year
$1,312,272
Total liabilities, end of year
$0
Net assets, end of year
$1,312,272
Fair market value of assets
$2,712,317
Net investment income
$39,928

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
THOMAS L KASSOUF
806 W GRAND AVENUE, PORT WASHINGTON, WI 53074
VICE-PRESIDENT, TREASURER,1$0
LYNN T KASSOUF
806 W GRAND AVENUE, PORT WASHINGTON, WI 53074
PRESIDENT, SECRETARY AND D1$0
THOMAS R KASSOUF
1244 W RACE AVENUE 1, CHICAGO, IL 60642
DIRECTOR1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
THOMAS L KASSOUF
806 W GRAND AVENUE, PORT WASHINGTON, WI 53074
VICE-PRESIDENT, TREASURER,1$0
LYNN T KASSOUF
806 W GRAND AVENUE, PORT WASHINGTON, WI 53074
PRESIDENT, SECRETARY AND D1$0
THOMAS R KASSOUF
2508 W HADDON AVENUE, CHICAGO, IL 60622
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
THOMAS L KASSOUF
806 W GRAND AVENUE, PORT WASHINGTON, WI 53074
VICE-PRESIDENT, TREASURER,1$0
LYNN T KASSOUF
806 W GRAND AVENUE, PORT WASHINGTON, WI 53074
PRESIDENT, SECRETARY AND D1$0
THOMAS R KASSOUF
2508 W HADDON AVENUE, CHICAGO, IL 60622
DIRECTOR1$0

Address and contacts

Address (IRS master file)
806 W GRAND AVE, PRT WASHINGTN, WI 53074-2032
In care of
% THOMAS L KASSOUF
Signed the 990-PF
THOMAS L KASSOUF, VICE-PRESIDENT AND TREASURER
Phone
(262) 235-4135
Return prepared by
KOHLER AND FRANKLIN LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
83-0980580
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
2019
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,312,272
Income (IRS master file)
$151,147

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$27,726$21,602$1,312,272XML
990-PFDecember 2024$389,543$629,692$1,306,443IRS
990-PFDecember 2023$88,015$281,112$1,570,920XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 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 83-0980580).

Questions about KASSOUF FAMILY FOUNDATION INC

What is the EIN of KASSOUF FAMILY FOUNDATION INC?
The employer identification number (EIN) of KASSOUF FAMILY FOUNDATION INC is 83-0980580.
Is KASSOUF FAMILY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to KASSOUF FAMILY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does KASSOUF FAMILY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of KASSOUF FAMILY 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 KASSOUF FAMILY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of KASSOUF FAMILY FOUNDATION INC?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does KASSOUF FAMILY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $27,726, expenses of $21,602 and total assets of $1,312,272 at year end.

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