Korth Family Foundation Inc

Ada, MI
Tax-exempt since April 1997
EIN: 65-0737345

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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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$445k (2023)

Expenses

$249k (2023)

Total Assets

$6.42M (2023)

Total Liabilities

$336 (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Revenue

$444,935

Expenses

$248,567

Net Income

$196,368

Net Assets

$6,420,699

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$421,535	94.7%
Sales of Assets	$22,029	5.0%
Other Income	$1,371	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$243,400	97.9%
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	$6,421,035
Total Liabilities	$336
Net Assets	$6,420,699

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Jennifer Korth Llorente (Secretary)	$0	$0
Paul Korth (Director)	$0	$0
Kim Moore (Treasurer)	$0	$0

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990-PF

Filed on July 24, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

-$479,375

Expenses

$403,663

Net Income

-$883,038

Net Assets

$5,943,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$253,016
Sales of Assets	-$733,888
Other Income	$1,497

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$309,000	76.5%
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	$5,943,733
Total Liabilities	$336
Net Assets	$5,943,397

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Secretary)	$0	$0
Paul Korth (Director)	$0	$0
Kim Moore (Treasurer)	$0	$0

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990-PF

Filed on Aug. 8, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,676,065

Expenses

$400,935

Net Income

$2,275,130

Net Assets

$7,000,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$269,244	10.1%
Sales of Assets	$2,309,846	86.3%
Other Income	$96,975	3.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$395,110	98.5%
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	$7,000,212
Total Liabilities	$0
Net Assets	$7,000,212

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Secretary)	$0	$0
Paul Korth (Director)	$0	$0
Kim Moore (Treasurer)	$0	$0

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990-PF

Filed on May 12, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$3,355

Expenses

$293,449

Net Income

-$290,094

Net Assets

$6,418,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$280,873	> 100%
Sales of Assets	$0
Other Income	-$100,321

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$273,500	93.2%
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	$6,418,209
Total Liabilities	$1
Net Assets	$6,418,208

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Secretary)	$0	$0
Paul Korth (Director)	$0	$0
Kim Moore (Treasurer)	$0	$0

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990-PF

Filed on Oct. 12, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$129,684

Expenses

$359,500

Net Income

-$229,816

Net Assets

$5,326,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$178,029	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$280,000	77.9%
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	$5,326,332
Total Liabilities	$1
Net Assets	$5,326,331

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Secretary)	$0	$0
Paul Korth (Director)	$0	$0
Kim Moore (Treasurer)	$0	$0

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990-PF

Filed on June 10, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$202,235

Expenses

$235,324

Net Income

-$33,089

Net Assets

$5,543,361

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$235,830	> 100%
Sales of Assets	-$33,595
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$230,400	97.9%
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	$5,543,361
Total Liabilities	$0
Net Assets	$5,543,361

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Secretary)	$0	$0
Paul Korth (Director)	$0	$0
Kim Moore (Treasurer)	$0	$0

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990-PF

Filed on May 10, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$317,010

Expenses

$330,473

Net Income

-$13,463

Net Assets

$5,910,453

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$394,141	> 100%
Sales of Assets	-$77,131
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$261,500	79.1%
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	$5,910,453
Total Liabilities	$0
Net Assets	$5,910,453

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President/Di)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Sec/Director)	$0	$0
Paul Korth (Director)	$0	$0
Kim Moore (Treasurer)	$0	$0

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990-PF

Filed on May 22, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$206,323

Expenses

$234,223

Net Income

-$27,900

Net Assets

$5,939,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$436,476	> 100%
Sales of Assets	-$230,153
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$213,958	91.3%
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	$5,939,896
Total Liabilities	$0
Net Assets	$5,939,896

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President/Di)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Sec/Director)	$0	$0
Paul Korth (Director)	$0	$0

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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 Dec.
2015

Revenue

$433,262

Expenses

$312,481

Net Income

$120,781

Net Assets

$5,159,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$443,807	> 100%
Sales of Assets	-$10,545
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$308,220	98.6%
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	$5,159,765
Total Liabilities	$0
Net Assets	$5,159,765

Compensation

Key Employees and Officers	Compensation	Other
Thomas A Korth (President/Dir)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Sec/Director)	$0	$0
Paul Korth (Director)	$0	$0

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990-PF

Filed on May 11, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$457,772

Expenses

$229,027

Net Income

$228,745

Net Assets

$5,849,020

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$460,877	> 100%
Sales of Assets	-$3,105
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$223,865	97.7%
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	$5,849,020
Total Liabilities	$0
Net Assets	$5,849,020

Compensation

Key Employees and Officers	Compensation	Other
Valerie Korth (V.P./Sec/Dir)	$0	$0
Thomas A Korth (President/Dir)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Director)	$0	$0
Paul Korth (Director)	$0	$0

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990-PF

Filed on May 12, 2015

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$408,156

Expenses

$563,717

Net Income

-$155,561

Net Assets

$5,942,122

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$413,248	> 100%
Sales of Assets	-$5,092
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$552,141	97.9%
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	$5,942,122
Total Liabilities	$0
Net Assets	$5,942,122

Compensation

Key Employees and Officers	Compensation	Other
Valerie Korth (V.P./Sec/Dir)	$0	$0
Thomas A Korth (President/Dir)	$0	$0
James W Korth (Director)	$0	$0
Colleen Korth (Director)	$0	$0
Robin Korth (Director)	$0	$0
Paul Korth (Director)	$0	$0

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990-PF

Filed on May 13, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$802,156

Expenses

$324,258

Net Income

$477,898

Net Assets

$6,420,298

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$487,781	60.8%
Sales of Assets	$314,375	39.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$295,660	91.2%
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	$6,420,298
Total Liabilities	$0
Net Assets	$6,420,298

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$547,773

Expenses

$204,848

Net Income

$342,925

Net Assets

$6,081,894

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$433,328	79.1%
Sales of Assets	$114,445	20.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$185,957	90.8%
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	$6,081,894
Total Liabilities	$0
Net Assets	$6,081,894

990-PF

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

Fiscal Year Ending Dec.
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 Dec.
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

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.

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.

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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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Korth Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $445k (2023)

Expenses $249k (2023)

Total Assets $6.42M (2023)

Total Liabilities $336 (2023)

Tax Filings by Year

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

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$445k (2023)

Expenses

$249k (2023)

Total Assets

$6.42M (2023)

Total Liabilities

$336 (2023)

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.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001