Nonprofit · EIN 87-3438359
MIKA FOUNDATION INC
Tax-exempt · WAKE FOREST, NC 27587
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $145,503 | $1,843,825 | -$1,698,322 | $7,257 | $0 | $7,257 |
| December 31, 2024 | 990-PF | $87,692 | $238,946 | -$151,254 | $1,705,578 | $0 | $1,705,578 |
| December 31, 2023 | 990-PF | $77,211 | $94,801 | -$17,590 | $1,856,832 | $0 | $1,856,832 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $83,366
- Net gain from sales of assets
- $62,137
Expenses
- Grants and similar amounts paid
- $1,836,641
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,839,329
- Excise tax on investment income
- $1,994
Balance sheet and other
- Total assets, start of year
- $1,705,578
- Total assets, end of year
- $7,257
- Total liabilities, end of year
- $0
- Net assets, end of year
- $7,257
- Fair market value of assets
- $7,306
- Qualifying distributions
- $1,839,329
- Net investment income
- $145,503
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELA ZACHERL 8913 GRAND HIGHLAND WAY, WAKE FOREST, NC 27587 | PRESIDENT | 5 | $0 |
| JOSEPH ZACHERL 8913 GRAND HIGHLAND WAY, WAKE FOREST, NC 27587 | DIRECTOR | 25 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELA ZACHERL 8913 GRAND HIGHLAND WAY, WAKE FOREST, NC 27587 | PRESIDENT | 8 | $3,750 |
| JOSEPH ZACHERL 8913 GRAND HIGHLAND WAY, WAKE FOREST, NC 27587 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELA ZACHERL OFFICER 8500 DARMSTADT COURT, WAKE FOREST, NC 275875407 | PRESIDENT | 8 | $45,000 |
| JOSEPH A ZACHERL 8500 DARMSTADT COURT, WAKE FOREST, NC 27587 | OFFICER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 8913 GRAND HIGHLAND WAY, WAKE FOREST, NC 27587-1501
- In care of
- % ANGELA ZACHERL
- Signed the 990-PF
- JOSEPH ZACHERL, DIRECTOR
- Phone
- (315) 261-2078
- Return prepared by
- CPA KPA 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF 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
- 87-3438359
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $7,257
- Income (IRS master file)
- $1,785,909
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $145,503 | $1,843,825 | $7,257 | IRS |
| 990-PF | December 2024 | $87,692 | $238,946 | $1,705,578 | XML |
| 990-PF | December 2023 | $77,211 | $94,801 | $1,856,832 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | 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 87-3438359).
Questions about MIKA FOUNDATION INC
- What is the EIN of MIKA FOUNDATION INC?
- The employer identification number (EIN) of MIKA FOUNDATION INC is 87-3438359.
- Is MIKA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MIKA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MIKA FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MIKA 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 MIKA 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 MIKA FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MIKA FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $145,503, expenses of $1,843,825 and total assets of $7,257 at year end.
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All nonprofits in WAKE FOREST · North Carolina · Philanthropy, voluntarism and grantmaking foundations