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Karl Asch Foundation Inc

  • Jenkintown, PA
  • Tax-exempt since July 2015
  • EIN: 47-1946151

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 / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$45.5k (2024)

Expenses
$133k (2024)

Total Assets
$348k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2016 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
$45,478
Expenses
$133,228
Net Income
-$87,750
Net Assets
$347,846
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $647
1.4%
Dividends $15,115
33.2%
Sales of Assets $29,716
65.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $125,750
94.4%
Compensation of Officers* $25,750
19.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $347,846
Total Liabilities $0
Net Assets $347,846
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $25,000 $0
Christina Asch (Treasurer) $750 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 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
$17,560
Expenses
$234,396
Net Income
-$216,836
Net Assets
$435,596
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2,132
12.1%
Dividends $20,847
> 100%
Sales of Assets -$5,419
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $225,000
96.0%
Compensation of Officers* $25,000
10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $435,596
Total Liabilities $0
Net Assets $435,596
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $25,000 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
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Document Links

990-PF
Filed on Nov. 7, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$61,722
Expenses
$342,348
Net Income
-$280,626
Net Assets
$652,432
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,248
5.3%
Dividends $34,586
56.0%
Sales of Assets $23,888
38.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $329,200
96.2%
Compensation of Officers* $25,000
7.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $652,432
Total Liabilities $0
Net Assets $652,432
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $25,000 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
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Document Links

990-PF
Filed on May 16, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$60,931
Expenses
$144,801
Net Income
-$83,870
Net Assets
$933,058
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,099
6.7%
Dividends $48,235
79.2%
Sales of Assets $8,597
14.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $129,200
89.2%
Compensation of Officers* $25,000
17.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $933,058
Total Liabilities $0
Net Assets $933,058
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $25,000 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
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Document Links

990-PF
Filed on Nov. 14, 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
$56,754
Expenses
$188,352
Net Income
-$131,598
Net Assets
$1,016,927
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6,294
11.1%
Dividends $36,468
64.3%
Sales of Assets $13,992
24.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $175,000
92.9%
Compensation of Officers* $25,000
13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,016,928
Total Liabilities $1
Net Assets $1,016,927
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $25,000 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
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Document Links

990-PF
Filed on Oct. 28, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$116,298
Expenses
$151,341
Net Income
-$35,043
Net Assets
$1,148,525
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,783
7.6%
Dividends $54,863
47.2%
Sales of Assets $52,652
45.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $131,311
86.8%
Compensation of Officers* $31,311
20.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,148,526
Total Liabilities $1
Net Assets $1,148,525
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $31,311 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
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Document Links

990-PF
Filed on Nov. 16, 2020

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

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$20,628
Expenses
$216,217
Net Income
-$195,589
Net Assets
$1,182,594
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15,288
74.1%
Dividends $35,474
> 100%
Sales of Assets -$30,134
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $195,070
90.2%
Compensation of Officers* $25,070
11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,182,594
Total Liabilities $0
Net Assets $1,182,594
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $25,070 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
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Document Links

990-PF
Filed on Nov. 11, 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
$52,045
Expenses
$172,744
Net Income
-$120,699
Net Assets
$1,378,183
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16,485
31.7%
Dividends $39,595
76.1%
Sales of Assets -$4,035
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $145,000
83.9%
Compensation of Officers* $25,000
14.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,378,183
Total Liabilities $0
Net Assets $1,378,183
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $25,000 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
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Document Links

990-PF
Filed on Nov. 13, 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
$2,578,096
Expenses
$193,994
Net Income
$2,384,102
Net Assets
$1,498,882
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,209,883
85.7%
Interest Revenue $11,439
0.4%
Dividends $32,191
1.2%
Sales of Assets $324,583
12.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $178,750
92.1%
Compensation of Officers* $18,750
9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,498,882
Total Liabilities $0
Net Assets $1,498,882
Compensation
Key Employees and Officers Compensation Other
Peggy Christen (Secretary) $18,750 $0
Meredith Asch (President) $0 $0
Philip Tortoreti (Vice President) $0 $0
Christina Asch (Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 15, 2017

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 »

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 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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