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The Karafin Family Foundation

  • Longboat Key, FL
  • Tax-exempt since Feb. 2015
  • EIN: 38-7123022

Organization summary

Type of Nonprofit

Designated as a 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: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.4M (2024)

Expenses
$441k (2024)

Total Assets
$10.2M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,399,845
Expenses
$441,189
Net Income
$958,656
Net Assets
$10,211,884
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
71.4%
Interest Revenue $31,966
2.3%
Dividends $300,660
21.5%
Sales of Assets $61,132
4.4%
Other Income $6,087
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $437,800
99.2%
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 $10,211,884
Total Liabilities $0
Net Assets $10,211,884
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on May 12, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,232,656
Expenses
$413,086
Net Income
$819,570
Net Assets
$8,701,502
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
81.1%
Interest Revenue $30,897
2.5%
Dividends $173,153
14.0%
Sales of Assets $20,123
1.6%
Other Income $8,483
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $410,335
99.3%
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 $8,701,502
Total Liabilities $0
Net Assets $8,701,502
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on May 7, 2024

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,190,754
Expenses
$374,289
Net Income
$816,465
Net Assets
$7,226,682
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
84.0%
Interest Revenue $355
0.0%
Dividends $136,362
11.5%
Sales of Assets $53,873
4.5%
Other Income $164
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $370,000
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 $7,226,682
Total Liabilities $0
Net Assets $7,226,682
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on May 15, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,157,323
Expenses
$390,000
Net Income
$767,323
Net Assets
$7,381,341
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
86.4%
Interest Revenue $0
Dividends $100,979
8.7%
Sales of Assets $43,837
3.8%
Other Income $12,507
1.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $390,000
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 $7,381,341
Total Liabilities $0
Net Assets $7,381,341
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on May 6, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,127,475
Expenses
$317,710
Net Income
$809,765
Net Assets
$5,980,268
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
88.7%
Interest Revenue $0
Dividends $93,844
8.3%
Sales of Assets $24,960
2.2%
Other Income $8,671
0.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $315,000
99.1%
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 $5,980,269
Total Liabilities $1
Net Assets $5,980,268
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on June 21, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,131,041
Expenses
$193,995
Net Income
$937,046
Net Assets
$4,780,881
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
88.4%
Interest Revenue $0
Dividends $102,692
9.1%
Sales of Assets $27,745
2.5%
Other Income $604
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $192,000
99.0%
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 $4,780,882
Total Liabilities $1
Net Assets $4,780,881
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on July 27, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$997,574
Expenses
$158,785
Net Income
$838,789
Net Assets
$3,341,219
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $900,000
90.2%
Interest Revenue $0
Dividends $77,657
7.8%
Sales of Assets $19,917
2.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $157,000
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 $3,341,219
Total Liabilities $0
Net Assets $3,341,219
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on June 20, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$850,735
Expenses
$102,644
Net Income
$748,091
Net Assets
$2,685,497
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
94.0%
Interest Revenue $0
Dividends $41,993
4.9%
Sales of Assets $8,742
1.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $102,000
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 $2,685,497
Total Liabilities $0
Net Assets $2,685,497
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on May 21, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$831,943
Expenses
$85,146
Net Income
$746,797
Net Assets
$1,789,605
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $800,000
96.2%
Interest Revenue $0
Dividends $24,915
3.0%
Sales of Assets $6,894
0.8%
Other Income $134
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,625
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 $1,789,605
Total Liabilities $0
Net Assets $1,789,605
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on May 30, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$522,358
Expenses
$32,251
Net Income
$490,107
Net Assets
$971,650
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $503,200
96.3%
Interest Revenue $0
Dividends $9,478
1.8%
Sales of Assets $9,680
1.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $32,225
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 $971,650
Total Liabilities $0
Net Assets $971,650
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on June 2, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$500,015
Expenses
$0
Net Income
$500,015
Net Assets
$500,021
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500,000
100.0%
Interest Revenue $0
Dividends $15
0.0%
Sales of Assets $0
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 $500,021
Total Liabilities $0
Net Assets $500,021
Compensation
Key Employees and Officers Compensation Other
Arthur Karafin (Trustee) $0 $0
Barbara Karafin (Trustee) $0 $0

Document Links

990-PF
Filed on June 8, 2015

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

View Filing
PDF XML

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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