Karp Family Foundation

  • Orchard Lake, MI
  • Tax exemption issued: July 2014
  • EIN: 46-5092038

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: Unknown / Unclassified (NTEE)

Donations to this organization are tax deductible.

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. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Feb.
2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$796,255
Expenses
$1,006,437
Net Income
-$210,182
Net Assets
$11,405,644
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $70,052
8.8%
Dividends $204,716
25.7%
Sales of Assets $521,032
65.4%
Other Income $455
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $879,428
87.4%
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 $11,405,644
Total Liabilities $0
Net Assets $11,405,644
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on July 30, 2025

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

View Filing
PDF XML

Fiscal Year Ending Feb.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,061,531
Expenses
$904,488
Net Income
$157,043
Net Assets
$11,635,248
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $119,171
11.2%
Dividends $223,659
21.1%
Sales of Assets $718,701
67.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $804,133
88.9%
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 $18,499,272
Total Liabilities $6,864,024
Net Assets $11,635,248
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on Oct. 31, 2024

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

View Filing
PDF XML

Fiscal Year Ending Feb.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$491,181
Expenses
$1,050,396
Net Income
-$559,215
Net Assets
$11,478,205
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $80,084
16.3%
Dividends $239,020
48.7%
Sales of Assets $172,077
35.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $933,980
88.9%
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 $16,552,615
Total Liabilities $5,074,410
Net Assets $11,478,205
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on Sept. 27, 2023

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

View Filing
PDF XML

Fiscal Year Ending Feb.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$721,647
Expenses
$890,700
Net Income
-$169,053
Net Assets
$12,158,637
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $253,488
35.1%
Sales of Assets $467,158
64.7%
Other Income $1,001
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $791,000
88.8%
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 $18,017,144
Total Liabilities $5,858,507
Net Assets $12,158,637
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on Jan. 9, 2023

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

View Filing
PDF XML

Fiscal Year Ending Feb.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$505,674
Expenses
$874,557
Net Income
-$368,883
Net Assets
$12,327,691
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $246,255
48.7%
Sales of Assets $259,419
51.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $769,700
88.0%
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 $17,465,627
Total Liabilities $5,137,936
Net Assets $12,327,691
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on July 16, 2021

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

View Filing
XML

Fiscal Year Ending Feb.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$377,169
Expenses
$893,925
Net Income
-$516,756
Net Assets
$12,696,574
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $263,518
69.9%
Sales of Assets $113,651
30.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $787,200
88.1%
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 $15,106,577
Total Liabilities $2,410,003
Net Assets $12,696,574
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on Aug. 7, 2020

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

View Filing
PDF XML

Fiscal Year Ending Feb.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$266,909
Expenses
$859,983
Net Income
-$593,074
Net Assets
$13,213,330
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $268,562
> 100%
Sales of Assets -$5,278
Other Income $3,625
1.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $754,260
87.7%
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 $14,896,612
Total Liabilities $1,683,282
Net Assets $13,213,330
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on July 30, 2019

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

View Filing
PDF XML

Fiscal Year Ending Feb.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$518,921
Expenses
$792,566
Net Income
-$273,645
Net Assets
$13,806,404
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $271,378
52.3%
Sales of Assets $247,543
47.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $690,800
87.2%
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 $15,348,208
Total Liabilities $1,541,804
Net Assets $13,806,404
Compensation
Key Employees and Officers Compensation Other
Gabriella Karp (President) $0 $0
Gary Karp (Treasurer) $0 $0
David Karp (Secretary) $0 $0

Document Links

990-PF
Filed on Sept. 18, 2018

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

View Filing
XML

Fiscal Year Ending Feb.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Feb.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

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

PDF

Fiscal Year Ending Feb.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,754,947
Expenses
$0
Net Income
$14,754,947
Net Assets
$15,213,236
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $14,624,737
99.1%
Interest Revenue $0
Dividends $70,233
0.5%
Sales of Assets $59,977
0.4%
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 $15,213,236
Total Liabilities $0
Net Assets $15,213,236

Document Links

990-PF

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

PDF

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 financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited 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 for 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?

Most organizations that have been recognized as tax exempt by the IRS have to file the 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 the 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," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

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

Get the Data

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

  • Raw filing data. Includes Employer Identification Numbers 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.
  • 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.

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