Nonprofit · EIN 85-4026412
KARUNA FOUNDATION
Tax-exempt · CHEYENNE, WY 82001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $34,225,206 | $33,929,572 | $295,634 | $2,507,843 | $800,319 | $1,707,524 |
| December 31, 2024 | 990 | $35,412,280 | $35,569,695 | -$157,415 | $2,801,014 | $1,389,124 | $1,411,890 |
| December 31, 2023 | 990 | $34,504,274 | $33,757,901 | $746,373 | $2,052,850 | $483,545 | $1,569,305 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $34,225,206
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $32,259,910
- Compensation of officers, directors and key employees
- $236,758
- Other salaries and wages
- $114,670
- Salaries, compensation and benefits (total)
- $360,443
- Professional fundraising fees
- $0
- Legal fees
- $2,596
- Accounting fees
- $26,960
- Travel
- $15,735
- Program services (functional)
- $33,883,897
- Management and general (functional)
- $45,675
Balance sheet and other
- Total assets, start of year
- $2,801,014
- Total assets, end of year
- $2,507,843
- Total liabilities, end of year
- $800,319
- Net assets, end of year
- $1,707,524
- Net assets without donor restrictions
- $1,707,524
- Gross receipts
- $34,225,206
- Employees
- 1
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- CO
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 |
|---|---|---|---|
| Krista Hiddema | Director Trustee or director | 40 | $236,758 |
| Lauri Torgerson-White | Philanthropy Officer Highest-paid employee | 40 | $114,670 |
| Shilpi Shah | President/Treasurer Trustee or director, Officer | 12 | $0 |
| Patricia Kowalewski | Director Trustee or director | 2 | $0 |
| Shaleen Shah | Executive Director Officer | 15 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shilpi Shah | President/Treasurer Trustee or director, Officer | 12 | $0 |
| Patricia Kowalewski | Director Trustee or director | 2 | $0 |
| Shaleen Shah | Executive Director Officer | 15 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Shilpi Shah | President/ Treasurer Trustee or director, Officer | 2 | $0 |
| Nikki Bollaert | Secretary Trustee or director, Officer | 2 | $0 |
| Patricia Kowalewski | Director Trustee or director | 2 | $0 |
| Shaleen Shah | Executive Director Officer | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 1908 THOMES AVE 12227, CHEYENNE, WY 82001-3527
- In care of
- % SHALEEN SHAH
- Mailing address (990-N for 2020)
- 7522 Monarch Rd, Niwot CO 80503
- Principal officer (990 for 2025)
- Shaleen Shah, 1908 Thomes Ave 12227, Cheyenne, WY 82001
- Principal officer (990-N for 2020)
- Shaleen Shah, 7522 Monarch Rd, Niwot CO 80503
- Signed the 990
- Shaleen Shah, President
- Phone
- (904) 612-6000
- Return prepared by
- Blazek & Vetterling
Mission
Making distributions to individuals and organizations that advocate for and/or support the wellbeing of animals, our natural environment and all global citizens, particularly by addressing humanitarian crises or deficiencies in nutrition or food systems.
Program accomplishments
- Distributions and loans to organizations that advocate the wellbeing of animals.Expenses $24,194,835 · grants $22,570,848
- Fiscal sponsorship of mission-aligned charitable initiatives.Expenses $9,689,062 · grants $9,689,062
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
- 85-4026412
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Animal-related (D01)
- Assets (IRS master file)
- $2,507,843
- Income (IRS master file)
- $34,225,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $34,225,206 | $33,929,572 | $2,507,843 | XML |
| 990 | December 2024 | $35,412,280 | $35,569,695 | $2,801,014 | XML |
| 990 | December 2023 | $34,504,274 | $33,757,901 | $2,052,850 | XML |
| 990 | December 2022 | $26,842,823 | $26,494,769 | $843,277 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Shaleen Shah | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-4026412).
Questions about KARUNA FOUNDATION
- What is the EIN of KARUNA FOUNDATION?
- The employer identification number (EIN) of KARUNA FOUNDATION is 85-4026412.
- Is KARUNA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to KARUNA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KARUNA 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 KARUNA 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 KARUNA 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 KARUNA FOUNDATION?
- The 990 for the year ended December 31, 2025 names Shaleen Shah.
- Who are the officers and directors of KARUNA FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $236,758 (Krista Hiddema, Director).
- How much revenue does KARUNA FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $34,225,206, expenses of $33,929,572 and total assets of $2,507,843 at year end.
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