Nonprofit · EIN 88-1689213
KANE REALTY FOUNDATION INC
Tax-exempt · RALEIGH, NC 27619
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $126,160 | $66,139 | $60,021 | $60,954 | $16,993 | $43,961 |
| December 31, 2024 | 990-PF | $89,700 | $88,867 | $833 | $933 | $16,993 | -$16,060 |
| December 31, 2023 | 990-PF | $0 | $130 | -$130 | $100 | $16,993 | -$16,893 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $126,160
Expenses
- Grants and similar amounts paid
- $65,639
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $65,889
Balance sheet and other
- Total assets, start of year
- $933
- Total assets, end of year
- $60,954
- Total liabilities, end of year
- $16,993
- Net assets, end of year
- $43,961
- Fair market value of assets
- $60,954
- Qualifying distributions
- $65,889
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 |
|---|---|---|---|
| JOHN KANE 206 DRUMMOND DRIVE, RALEIGH, NC 27609 | PRESIDENT | 2 | $0 |
| JENNINGS GLENN 632 MARLOWE ROAD, RALEIGH, NC 27609 | SECRETARY/TREASURER | 2 | $0 |
| MICHAEL SMITH 420 DRUMMOND DRIVE, RALEIGH, NC 27609 | VICE PRESIDENT | 1 | $0 |
| THADDEUS BARRINGER 1304 MARLOWE ROAD, RALEIGH, NC 27609 | ASSISTANT SECRETARY | 1 | $0 |
| BONNER GAYLORD 3710 ROLSTON ROAD, RALEIGH, NC 27609 | ASSISTANT SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN KANE 206 DRUMMOND DRIVE, RALEIGH, NC 27609 | PRESIDENT | 2 | $0 |
| JENNINGS GLENN 632 MARLOWE ROAD, RALEIGH, NC 27609 | SECRETARY/TREASURER | 2 | $0 |
| MICHAEL SMITH 420 DRUMMOND DRIVE, RALEIGH, NC 27609 | VICE PRESIDENT | 1 | $0 |
| THADDEUS BARRINGER 1304 MARLOWE ROAD, RALEIGH, NC 27609 | ASSISTANT SECRETARY | 1 | $0 |
| BONNER GAYLORD 3710 ROLSTON ROAD, RALEIGH, NC 27609 | ASSISTANT SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN KANE 206 DRUMMOND DRIVE, RALEIGH, NC 27609 | PRESIDENT | 2 | $0 |
| JENNINGS GLENN 632 MARLOWE ROAD, RALEIGH, NC 27609 | SECRETARY/TREASURER | 2 | $0 |
| MICHAEL SMITH 420 DRUMMOND DRIVE, RALEIGH, NC 27609 | DIRECTOR | 1 | $0 |
| THADDEUS BARRINGER 1304 MARLOWE ROAD, RALEIGH, NC 27609 | DIRECTOR | 1 | $0 |
| BONNER GAYLORD 3710 ROLSTON ROAD, RALEIGH, NC 27609 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 19107, RALEIGH, NC 27619-9107
- Signed the 990-PF
- JENNINGS GLENN, TREASURER
- Phone
- (919) 833-7755
- Return prepared by
- THOMAS JUDY & TUCKER PA
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
- 88-1689213
- 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 (T21)
- Assets (IRS master file)
- $60,954
- Income (IRS master file)
- $126,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $126,160 | $66,139 | $60,954 | XML |
| 990-PF | December 2024 | $89,700 | $88,867 | $933 | XML |
| 990-PF | December 2023 | $0 | $130 | $100 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-1689213).
Questions about KANE REALTY FOUNDATION INC
- What is the EIN of KANE REALTY FOUNDATION INC?
- The employer identification number (EIN) of KANE REALTY FOUNDATION INC is 88-1689213.
- Is KANE REALTY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to KANE REALTY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KANE REALTY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KANE REALTY 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 KANE REALTY 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 KANE REALTY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does KANE REALTY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $126,160, expenses of $66,139 and total assets of $60,954 at year end.
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