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EIN 75-2692023

The Karakin Foundation

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Abilene
State
Texas
Year formed
1997
Most recent tax filings
2022-12-01
NTEE code, primary
T20: Private Foundations
Description
The The Karakin Foundation is a private foundation that made 49 grants last year. Grants were distributed to organizations that work to improve the quality of life for children.
Total revenues
$29,695,673
2022
Total expenses
$17,446,254
2022
Total assets
$145,162,912
2022
Num. employees
5
2022

Grants made by The Karakin Foundation

GranteeGrant descriptionAmount
Abilene Christian University (ACU)Higher Ground Campaign - Phase Ii Renovation of Moody Coliseum$1,500,000
Abilene Heritage SquareLincoln Middle School Renovation$1,000,000
SIGN Fracture Care InternationalSign Fracture Care$713,500
...and 107 more grants made totalling $10,957,308

Personnel at The Karakin Foundation

NameTitleCompensation
Aaron MillerVice President and Treasurer
Jeff BlanksPast Vice President and Treasurer and Chief Finance$75,924
Watt MatthewsAdvisor$74,244

Financials for The Karakin Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$6,395,300
Investment income and dividends$3,111,303
Net rental income$0
Net gain from sale of non-inventory assets$-653,404
Gross sales of inventory$-11,811
Miscellaneous revenues$20,854,285
Total revenues$29,695,673

Form 990s for The Karakin Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990PFView PDF
2021-122022-11-14990PFView PDF
2020-122023-01-12990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-02-25990PFView PDF
...and 8 more Form 990s
Data update history
January 18, 2024
Updated personnel
Identified 2 new personnel
January 12, 2024
Posted financials
Added Form 990PF for fiscal year 2022
August 17, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 7, 2023
Updated personnel
Identified 1 new personnel
June 30, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donations
General information
Address
PO Box 2079
Abilene, TX 79604
Metro area
Abilene, TX
County
Taylor County, TX
Phone
(325) 673-6429
IRS details
EIN
75-2692023
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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