Charles And Linda Corbalis Family Foundation

Star, ID
Tax-exempt since April 1998
EIN: 77-0456278

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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

$217k (2024)

Expenses

$407k (2024)

Total Assets

$5.03M (2024)

Total Liabilities

$0 (2024)

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 Dec.
2024

Revenue

$216,846

Expenses

$407,315

Net Income

-$190,469

Net Assets

$5,029,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,994	2.3%
Dividends	$164,900	76.0%
Sales of Assets	$46,952	21.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$313,184	76.9%
Compensation of Officers*	$80,000	19.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,029,198
Total Liabilities	$0
Net Assets	$5,029,198

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$40,000	$0
Linda J Corbalis (Secretary)	$40,000	$0

990-PF

Filed on May 13, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$432,541

Expenses

$354,446

Net Income

$78,095

Net Assets

$5,218,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,638	2.2%
Dividends	$157,938	36.5%
Sales of Assets	$264,965	61.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$268,940	75.9%
Compensation of Officers*	$88,580	25.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,218,212
Total Liabilities	$0
Net Assets	$5,218,212

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$44,290	$0
Linda J Corbalis (Secretary)	$44,290	$0

990-PF

Filed on May 7, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$254,121

Expenses

$414,334

Net Income

-$160,213

Net Assets

$5,140,466

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,703	0.7%
Dividends	$162,762	64.0%
Sales of Assets	$89,656	35.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$306,535	74.0%
Compensation of Officers*	$86,000	20.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,140,466
Total Liabilities	$0
Net Assets	$5,140,466

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$43,000	$0
Linda J Corbalis (Secretary)	$43,000	$0

990-PF

Filed on April 28, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$841,167

Expenses

$458,906

Net Income

$382,261

Net Assets

$5,295,896

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16	0.0%
Dividends	$161,549	19.2%
Sales of Assets	$679,602	80.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$358,521	78.1%
Compensation of Officers*	$86,000	18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,295,896
Total Liabilities	$0
Net Assets	$5,295,896

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$43,000	$0
Linda J Corbalis (Secretary)	$43,000	$0

990-PF

Filed on May 4, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$296,932

Expenses

$416,954

Net Income

-$120,022

Net Assets

$4,916,438

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$255	0.1%
Dividends	$170,282	57.3%
Sales of Assets	$126,395	42.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$317,745	76.2%
Compensation of Officers*	$86,000	20.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,916,439
Total Liabilities	$1
Net Assets	$4,916,438

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$43,000	$0
Linda J Corbalis (Secretary)	$43,000	$0

990-PF

Filed on April 21, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$358,703

Expenses

$396,809

Net Income

-$38,106

Net Assets

$5,036,807

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,497	0.7%
Dividends	$190,931	53.2%
Sales of Assets	$165,275	46.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$304,411	76.7%
Compensation of Officers*	$84,000	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,036,808
Total Liabilities	$1
Net Assets	$5,036,807

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$42,000	$0
Linda J Corbalis (Secretary)	$42,000	$0

990-PF

Filed on May 7, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$260,227

Expenses

$415,238

Net Income

-$155,011

Net Assets

$5,074,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,713	0.7%
Dividends	$198,390	76.2%
Sales of Assets	$60,124	23.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,979	73.7%
Compensation of Officers*	$80,000	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	$5,074,482
Total Liabilities	$0
Net Assets	$5,074,482

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$40,000	$0
Linda J Corbalis (Secretary)	$40,000	$0

990-PF

Filed on May 8, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$481,776

Expenses

$392,399

Net Income

$89,377

Net Assets

$5,229,639

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$585	0.1%
Dividends	$192,474	40.0%
Sales of Assets	$285,026	59.2%
Other Income	$3,691	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$301,286	76.8%
Compensation of Officers*	$80,000	20.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,229,639
Total Liabilities	$0
Net Assets	$5,229,639

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$40,000	$0
Linda J Corbalis (Secretary)	$40,000	$0

990-PF

Filed on May 14, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$237,888

Expenses

$372,801

Net Income

-$134,913

Net Assets

$5,201,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$32,522	13.7%
Dividends	$160,177	67.3%
Sales of Assets	$40,425	17.0%
Other Income	$4,764	2.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$298,809	80.2%
Compensation of Officers*	$80,000	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,201,480
Total Liabilities	$0
Net Assets	$5,201,480

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$40,000	$0
Linda J Corbalis (Secretary)	$40,000	$0

990-PF

Filed on May 11, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$245,112

Expenses

$417,797

Net Income

-$172,685

Net Assets

$5,275,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65,011	26.5%
Dividends	$154,426	63.0%
Sales of Assets	$25,041	10.2%
Other Income	$634	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$330,153	79.0%
Compensation of Officers*	$80,000	19.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,275,113
Total Liabilities	$0
Net Assets	$5,275,113

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$40,000	$0
Linda J Corbalis (Secretary)	$40,000	$0

990-PF

Filed on Nov. 14, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$570,548

Expenses

$388,912

Net Income

$181,636

Net Assets

$5,447,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$34,024	6.0%
Dividends	$179,992	31.5%
Sales of Assets	$355,966	62.4%
Other Income	$566	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,592	78.6%
Compensation of Officers*	$80,000	20.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,447,798
Total Liabilities	$0
Net Assets	$5,447,798

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$40,000	$0
Linda J Corbalis (Secretary)	$40,000	$0

990-PF

Filed on Nov. 16, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$245,570

Expenses

$384,657

Net Income

-$139,087

Net Assets

$5,266,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15	0.0%
Dividends	$194,785	79.3%
Sales of Assets	$49,745	20.3%
Other Income	$1,025	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$295,234	76.8%
Compensation of Officers*	$80,000	20.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,266,162
Total Liabilities	$0
Net Assets	$5,266,162

Compensation

Key Employees and Officers	Compensation	Other
Charles M Corbalis (Chairman)	$40,000	$0
Linda J Corbalis (Secretary)	$40,000	$0

990-PF

Filed on May 13, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$263,720

Expenses

$368,243

Net Income

-$104,523

Net Assets

$5,405,248

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15	0.0%
Dividends	$240,258	91.1%
Sales of Assets	$21,559	8.2%
Other Income	$1,888	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$285,913	77.6%
Compensation of Officers*	$60,000	16.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,405,249
Total Liabilities	$1
Net Assets	$5,405,248

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$244,936

Expenses

$388,383

Net Income

-$143,447

Net Assets

$5,509,771

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$261,401	> 100%
Sales of Assets	$0
Other Income	$1	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$303,305	78.1%
Compensation of Officers*	$60,000	15.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,509,772
Total Liabilities	$1
Net Assets	$5,509,771

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

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Charles And Linda Corbalis Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $217k (2024)

Expenses $407k (2024)

Total Assets $5.03M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Revenue

$217k (2024)

Expenses

$407k (2024)

Total Assets

$5.03M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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.
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2002

Fiscal Year Ending Dec.
2001