Nonprofit · EIN 86-0881550
THELMA B AND THOMAS P HART FOUNDATION
Also known as HART THOMAS P TTEE
Tax-exempt · RENO, NV 89501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,214,284 | $1,748,007 | $466,277 | $22,419,482 | $0 | $22,419,482 |
| December 31, 2023 | 990-PF | $497,020 | $1,689,618 | -$1,192,598 | $21,941,160 | $0 | $21,941,160 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $487,644
- Interest
- $121,654
- Net gain from sales of assets
- $1,604,986
Expenses
- Grants and similar amounts paid
- $1,229,125
- Compensation of officers, directors and key employees
- $304,000
- Disbursements for charitable purposes
- $1,445,822
- Excise tax on investment income
- $26,682
Balance sheet and other
- Total assets, start of year
- $21,941,160
- Total assets, end of year
- $22,419,482
- Total liabilities, end of year
- $0
- Net assets, end of year
- $22,419,482
- Fair market value of assets
- $31,716,960
- Qualifying distributions
- $1,445,822
- Net investment income
- $2,214,284
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 |
|---|---|---|---|
| Craig Karrasch 165 West Liberty Street Suite 230, Reno, NV 89501 | Trustee | 9 | $152,000 |
| Mark Knobel 165 West Liberty Street Suite 230, Reno, NV 89501 | Trustee | 10 | $152,000 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Craig Karrasch P O Box 2670, Reno, NV 89505 | Trustee | 9 | $152,000 |
| Mark Knobel P O Box 2670, Reno, NV 89505 | Trustee | 12 | $152,000 |
Address and contacts
- Address (IRS master file)
- 165 WEST LIBERTY STREET SUITE 230, RENO, NV 89501-1955
- In care of
- % MARK W KNOBEL
- Signed the 990-PF
- Mark Knobel, Trustee
- Phone
- (775) 336-0013
- Return prepared by
- Eide Bailly LLP
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
- 86-0881550
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $22,419,482
- Income (IRS master file)
- $5,214,042
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,214,284 | $1,748,007 | $22,419,482 | XML |
| 990-PF | December 2023 | $497,020 | $1,689,618 | $21,941,160 | 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 86-0881550).
Questions about THELMA B AND THOMAS P HART FOUNDATION
- What is the EIN of THELMA B AND THOMAS P HART FOUNDATION?
- The employer identification number (EIN) of THELMA B AND THOMAS P HART FOUNDATION is 86-0881550.
- Is THELMA B AND THOMAS P HART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to THELMA B AND THOMAS P HART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THELMA B AND THOMAS P HART FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THELMA B AND THOMAS P HART 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 THELMA B AND THOMAS P HART 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 THELMA B AND THOMAS P HART FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $152,000 (Craig Karrasch, Trustee).
- How much revenue does THELMA B AND THOMAS P HART FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,214,284, expenses of $1,748,007 and total assets of $22,419,482 at year end.
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All nonprofits in RENO · Nevada · Philanthropy, voluntarism and grantmaking foundations