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Karen Carns Foundation

Tax-deductible

Mason, OH501(c)(3)Human ServicesEIN 42-1552724Revenue $161K in FY2025

On file with the IRSkarencarnsfoundation.org4600 N Mason Montgomery Rd, 45040-9176 · Mason, OHTax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial assistance and scholarships to students in need. To also provide winter coats.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $68K a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
82 mo
of spending, in cash
Looks good: 82.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
-10% vs prior year
Spent
$99K
To programs
71%
Net assets
$848K
By yearFY2020–FY2025
Revenue
$161K
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$233K
FY2022$244K
FY2023$281K
FY2024$179K
FY2025$161K
Expenses
$99K
FY2025▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$236K
FY2022$160K
FY2023$121K
FY2024$142K
FY2025$99K
Net assets
$848K
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$423K
FY2022$582K
FY2023$742K
FY2024$779K
FY2025$848K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $70K Management & general 29% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Tom Carns
Founder
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Kelly
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Karen Carns Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial aid, scholarships, and winter coats to students facing hardship.

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Provided by the organization

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2 programs · $70K · in their own filed words · FY2025
01

Involving children in the charity of providing new winter coats to those less fortunate.

$40Kprogram expense
02

A child will never be removed from his or her environment of a private elementary or high school education due to a life-changing event that affects the family's financial situation.

$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Bob & Felicia Burger Family FoundationFY2025$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 5 grants · $386K · 2020–2025
Unitemized GrantFY2025$30,055
Unitemized GrantFY2024$60,249
Unitemized GrantFY2023$40,011
Unitemized GrantFY2022$77,244
Unitemized GrantFY2020$178,192

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$130K
Other incomeLn 4–11$19K
Investment incomeLn 3$12K
Money outPt IX
$99K
Ln 25
Programscol B$70K
Managementcol C$29K
Owns and owesPt X
$848K
net assets · Ln 32
Cash and savingsLn 1–2$674K
Total assetsLn 16$848K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$130K
Fundraising eventsLn 1c$80K
Investment incomeLn 3$12K
Other incomeLn 4–11$19K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$420K
SavingsLn 2$254K
Cash and savings togetherLn 1–2$674K
InvestmentsLn 11–13$174K
Total assetsLn 16$848K
LiabilitiesLn 26$0
Net assetsLn 32$848K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$779K$674K
InvestmentsLn 11–13$174K
Total assetsLn 16$779K$848K
LiabilitiesLn 26$0$0
Net assetsLn 32$779K$848K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$30K$30K
Other salaries and wagesLn 7$21K$21K
Investment management feesLn 11f$150$150
Information technologyLn 14$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$40K$40K
Total functional expensesLn 25$99K$70K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $161K$99K$62K$848K 990 PDF
FY2024 $179K$142K$37K$779K 990 PDF
FY2023 $281K$121K$160K$742K 990 PDF
FY2022 $244K$160K$84K$582K 990 PDF
FY2021 Not on file
FY2020 $233K$236K−$3K$423K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $161,021 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $179,386$130,445
I-9 Program service revenue$0
I-10 Investment income$11,598
I-11 Other revenue$18,978
I-12 Total revenuePrior year $179,386$161,021
I-13 Grants and similar amounts paidPrior year $60,249$30,055
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $21,000$21,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $60,869$47,551
I-18 Total expensesPrior year $142,118$98,606
I-19 Revenue less expensesPrior year $37,268$62,415
Part VI · Governance 19 of 19 board members independent, 3 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $161,021 across 6 lines filed
VIII-1c Fundraising events$80,000
VIII-1f All other contributions, gifts and grants$50,445
VIII-1h Total contributions, gifts and grants$130,445
VIII-3 Investment incomeExcluded from tax $11,598$11,598
VIII-8 Net income from fundraising events$18,978
VIII-12 Total revenueExcluded from tax $11,598$161,021
Part IX · Statement of functional expenses $98,606 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $30,055$30,055
IX-7 Other salaries and wagesManagement $21,000$21,000
IX-11f Investment management feesManagement $150$150
IX-14 Information technologyManagement $5,617$5,617
IX-23 InsuranceManagement $1,734$1,734
IX-24 Other expenses (24a–d)Programs $40,050$40,050
IX-25 Total functional expensesPrograms $70,105 · Management $28,501 · Fundraising $0$98,606
Part X · Balance sheet $847,965 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $379,058$420,028
X-2 Savings and temporary cash investmentsStart of year $400,000$253,860
X-11 Publicly traded securities$174,077
X-16 Total assetsStart of year $779,058$847,965
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $779,058$847,965
X-33 Total liabilities and net assetsStart of year $779,058$847,965
Part XI · Reconciliation of net assets $847,965 net assets at year end
XI-1 Total revenue$161,021
XI-2 Total expenses$98,606
XI-3 Revenue less expenses$62,415
XI-4 Net assets at start of year$779,058
XI-9 Other changes in net assets$6,492
XI-10 Net assets at end of year$847,965

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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