Arthur S Karp Family Foundation Inc

Sarasota, FL
Tax-exempt since Feb. 1998
EIN: 65-0632704

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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: Philanthropy, Voluntarism and Grantmaking Foundations / Named Trusts/Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$94.1k (2024)

Expenses

$248k (2024)

Total Assets

$1.89M (2024)

Total Liabilities

$239k (2024)

Years with missing data

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 June
2024

Revenue

$94,141

Expenses

$248,106

Net Income

-$153,965

Net Assets

$1,652,246

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$72,405	76.9%
Sales of Assets	$21,697	23.0%
Other Income	$39	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$199,963	80.6%
Compensation of Officers*	$22,000	8.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,891,638
Total Liabilities	$239,392
Net Assets	$1,652,246

Compensation

Key Employees and Officers	Compensation	Other
Tammy S Karp (Secretary)	$22,000	$0
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0

990-PF

Filed on May 15, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$81,070

Expenses

$261,952

Net Income

-$180,882

Net Assets

$1,806,211

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$57,465	70.9%
Sales of Assets	$23,587	29.1%
Other Income	$18	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$213,500	81.5%
Compensation of Officers*	$24,000	9.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,033,367
Total Liabilities	$227,156
Net Assets	$1,806,211

Compensation

Key Employees and Officers	Compensation	Other
Tammy S Karp (Secretary)	$24,000	$0
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0

990-PF

Filed on May 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$58,982

Expenses

$271,581

Net Income

-$212,599

Net Assets

$2,155,680

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$62,747	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$223,841	82.4%
Compensation of Officers*	$24,000	8.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,313,344
Total Liabilities	$157,664
Net Assets	$2,155,680

Compensation

Key Employees and Officers	Compensation	Other
Tammy S Karp (Secretary)	$24,000	$0
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0

990-PF

Filed on Dec. 3, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2019

Revenue

$56,478

Expenses

$234,604

Net Income

-$178,126

Net Assets

$2,368,279

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,766	3.1%
Dividends	$18,388	32.6%
Sales of Assets	$36,324	64.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$185,255	79.0%
Compensation of Officers*	$26,000	11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,478,927
Total Liabilities	$110,648
Net Assets	$2,368,279

Compensation

Key Employees and Officers	Compensation	Other
Tammy S Karp (Secretary)	$26,000	$0
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0

990-PF

Filed on Nov. 15, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$97,025

Expenses

$186,462

Net Income

-$89,437

Net Assets

$2,546,405

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,244	1.3%
Dividends	$64,626	66.6%
Sales of Assets	$31,155	32.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$139,675	74.9%
Compensation of Officers*	$22,000	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,569,921
Total Liabilities	$23,516
Net Assets	$2,546,405

Compensation

Key Employees and Officers	Compensation	Other
Tammy S Karp (Secretary)	$22,000	$0
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0

990-PF

Filed on Nov. 15, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2017

Revenue

$144,729

Expenses

$210,289

Net Income

-$65,560

Net Assets

$2,635,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$800	0.6%
Dividends	$88,284	61.0%
Sales of Assets	$55,645	38.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$184,770	87.9%
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	$2,641,047
Total Liabilities	$5,205
Net Assets	$2,635,842

Compensation

Key Employees and Officers	Compensation	Other
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0
Tammy S Karp (Secretary)	$0	$0

990-PF

Filed on Nov. 20, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2016

Revenue

$162,580

Expenses

$195,192

Net Income

-$32,612

Net Assets

$2,701,402

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$457	0.3%
Dividends	$86,857	53.4%
Sales of Assets	$75,266	46.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$155,050	79.4%
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	$2,701,402
Total Liabilities	$0
Net Assets	$2,701,402

Compensation

Key Employees and Officers	Compensation	Other
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0
Tammy S Karp (Secretary)	$0	$0

990-PF

Filed on June 15, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2015

Revenue

$298,103

Expenses

$126,637

Net Income

$171,466

Net Assets

$2,734,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$153,800	51.6%
Interest Revenue	$528	0.2%
Dividends	$86,265	28.9%
Sales of Assets	$57,510	19.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$114,100	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	$2,734,014
Total Liabilities	$0
Net Assets	$2,734,014

Compensation

Key Employees and Officers	Compensation	Other
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0
Tammy S Karp (Secretary)	$0	$0

990-PF

Filed on June 15, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2014

Revenue

$285,371

Expenses

$145,434

Net Income

$139,937

Net Assets

$2,562,548

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$153,800	53.9%
Interest Revenue	$1	0.0%
Dividends	$83,587	29.3%
Sales of Assets	$47,983	16.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$130,200	89.5%
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	$2,562,548
Total Liabilities	$0
Net Assets	$2,562,548

Compensation

Key Employees and Officers	Compensation	Other
Susan Karp (Ceo)	$0	$0
Richard J Karp (Cfo)	$0	$0
Tammy S Karp (Secretary)	$0	$0

990-PF

Filed on June 4, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2013

Revenue

$298,868

Expenses

$134,925

Net Income

$163,943

Net Assets

$2,422,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$153,800	51.5%
Interest Revenue	$1,193	0.4%
Dividends	$82,946	27.8%
Sales of Assets	$60,929	20.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$118,945	88.2%
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	$2,422,611
Total Liabilities	$1
Net Assets	$2,422,610

990-PF

Filed on July 15, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2012

Revenue

$219,947

Expenses

$33,444

Net Income

$186,503

Net Assets

$2,258,667

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$153,800	69.9%
Interest Revenue	$1,223	0.6%
Dividends	$73,970	33.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,500	79.2%
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	$2,258,668
Total Liabilities	$1
Net Assets	$2,258,667

990-PF

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

PDF

Fiscal Year Ending June
2011

Revenue

$233,314

Expenses

$124,711

Net Income

$108,603

Net Assets

$2,072,165

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$153,800	65.9%
Interest Revenue	$1,206	0.5%
Dividends	$67,302	28.8%
Sales of Assets	$11,006	4.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,500	96.6%
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	$2,149,797
Total Liabilities	$77,632
Net Assets	$2,072,165

990-PF

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

PDF

Fiscal Year Ending June
2010

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

990-PF

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

PDF

Fiscal Year Ending June
2009

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

990-PF

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

PDF

Fiscal Year Ending June
2008

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

990-PF

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

PDF

Fiscal Year Ending June
2007

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

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending June
2005

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

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending June
2004

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

990-PF

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

PDF

Fiscal Year Ending June
2003

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

990-PF

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

PDF

Fiscal Year Ending June
2002

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

990-PF

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

PDF

Fiscal Year Ending June
2001

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

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 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.

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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

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Updated March 23, 2026

Arthur S Karp Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $94.1k (2024)

Expenses $248k (2024)

Total Assets $1.89M (2024)

Total Liabilities $239k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2010

No Extracted Financial Data

Revenue

$94.1k (2024)

Expenses

$248k (2024)

Total Assets

$1.89M (2024)

Total Liabilities

$239k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001