Karches Foundation

Karches Peter F Ttee

Locust Valley, NY
Tax-exempt since June 1997
EIN: 13-7106278

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Employment, Job-Related / Goodwill Industries (NTEE)

Donations to this organization are tax deductible.

Revenue

$15.6k (2024)

Expenses

$300 (2024)

Total Assets

$480k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$15,609

Expenses

$300

Net Income

$15,309

Net Assets

$479,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46	0.3%
Dividends	$15,159	97.1%
Sales of Assets	$404	2.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$479,512
Total Liabilities	$0
Net Assets	$479,512

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Nov. 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$12,180

Expenses

$97,585

Net Income

-$85,405

Net Assets

$464,203

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,669	30.1%
Dividends	$8,511	69.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,000	> 100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$464,203
Total Liabilities	$0
Net Assets	$464,203

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Nov. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2022

Revenue

$9,190

Expenses

$6,606

Net Income

$2,584

Net Assets

$549,608

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,094	22.8%
Dividends	$8,109	88.2%
Sales of Assets	-$1,013
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$549,608
Total Liabilities	$0
Net Assets	$549,608

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Nov. 8, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$167,386

Expenses

$196,572

Net Income

-$29,186

Net Assets

$547,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$98	0.1%
Dividends	$7,336	4.4%
Sales of Assets	$159,952	95.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$200,000	> 100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$547,024
Total Liabilities	$0
Net Assets	$547,024

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Nov. 9, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$1,100,920

Expenses

$2,000,250

Net Income

-$899,330

Net Assets

$576,209

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,017,464	92.4%
Interest Revenue	$0
Dividends	$7,566	0.7%
Sales of Assets	$75,890	6.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,000,000	100.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$576,210
Total Liabilities	$1
Net Assets	$576,209

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Oct. 25, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$46,419

Expenses

$6,100,250

Net Income

-$6,053,831

Net Assets

$1,858,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$35,946	77.4%
Sales of Assets	$10,473	22.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,095,200	99.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,858,345
Total Liabilities	$1
Net Assets	$1,858,344

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Oct. 28, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$3,072,649

Expenses

$100,250

Net Income

$2,972,399

Net Assets

$7,912,176

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,000,000	97.6%
Interest Revenue	$10,720	0.3%
Dividends	$61,929	2.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,200	95.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,912,176
Total Liabilities	$0
Net Assets	$7,912,176

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$10,669

Expenses

$1,102,150

Net Income

-$1,091,481

Net Assets

$4,939,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,669	100%
Dividends	$0
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,095,200	99.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,939,777
Total Liabilities	$0
Net Assets	$4,939,777

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Berkery (Director)	$0	$0
Pamela Keneally (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2016

Revenue

$5,750,321

Expenses

$1,101,290

Net Income

$4,649,031

Net Assets

$6,031,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,000,000	> 100%
Interest Revenue	$0
Dividends	$0
Sales of Assets	-$249,679
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,095,200	99.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,031,258
Total Liabilities	$0
Net Assets	$6,031,258

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Karches (Director)	$0	$0

990-PF

Filed on Nov. 16, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$383,535

Expenses

$2,600,412

Net Income

-$2,216,877

Net Assets

$1,382,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	> 100%
Interest Revenue	$1,066	0.3%
Dividends	$1	0.0%
Sales of Assets	-$617,532
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,595,200	99.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,382,227
Total Liabilities	$0
Net Assets	$1,382,227

Compensation

Key Employees and Officers	Compensation	Other
Susan Karches (Member)	$0	$0
Peter Karches (Director)	$0	$0
Amy Karches (Director)	$0	$0

990-PF

Filed on Nov. 9, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$952,638

Expenses

$1,612,979

Net Income

-$660,341

Net Assets

$3,599,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,500,000	> 100%
Interest Revenue	$0
Dividends	$816	0.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,595,200	98.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,599,104
Total Liabilities	$0
Net Assets	$3,599,104

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

-$231,366

Expenses

$3,065,013

Net Income

-$3,296,379

Net Assets

$4,259,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$53,563
Sales of Assets	$0
Other Income	$10

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,045,400	99.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,259,445
Total Liabilities	$0
Net Assets	$4,259,445

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$4,852,707

Expenses

$332,754

Net Income

$4,519,953

Net Assets

$7,555,824

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000,000	> 100%
Interest Revenue	$0
Dividends	$10,907	0.2%
Sales of Assets	$0
Other Income	$80,356	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$298,000	89.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,555,824
Total Liabilities	$0
Net Assets	$7,555,824

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$365,596

Expenses

$330,144

Net Income

$35,452

Net Assets

$3,035,871

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,918	5.4%
Sales of Assets	$345,678	94.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$297,600	90.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,035,871
Total Liabilities	$0
Net Assets	$3,035,871

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Karches Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $15.6k (2024)

Expenses $300 (2024)

Total Assets $480k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$15.6k (2024)

Expenses

$300 (2024)

Total Assets

$480k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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