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SCOT AND LANCE KARP FAMILY FOUNDATION INC

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Tax-exempt status may be revoked

SCOT AND LANCE KARP FAMILY FOUNDATION INC

EIN 83-2437335 · Philanthropy, Charity & Voluntarism Promotion (T50)

What they do

SCOT AND LANCE KARP FAMILY FOUNDATION INC .

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders4 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$54.16spent for every $100 of revenueRevenue covered expenses this year.
$4.62in assets for every $1 spent this yearSome assets cannot be spent right away.
83.9%of its money came from giftsOther money may come from services or investments.

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  3. Is this really the charity? Give only through its official website or confirmed phone number.

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Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$182,667
Expenses$98,936
Annual surplus $83,731 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$182,667
Expenses$98,936
Assets$456,592
Income$393,174
Contributions$153,243
Grants given$168,897
Average grant$7,677
Stocks and bonds$755,480
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (4)

BLAINE MINTONOFFICER

LANCE KARPOFFICER

MARJORIE MARGOLIESOFFICER

SCOT A KARPPRESIDENT

About this charity

Recognized since
January 2025
Location
923 E KILBOURN AVE UNIT 1101, MILWAUKEE, WI 53202-3598
County
Milwaukee
In care of
% SCOT KARP
Primary officer
SCOT A KARP, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
January 1, 2023
Return type
990PF
Tax preparer
COHNREZNICK LLP
NTEE classification
Philanthropy, Charity & Voluntarism Promotion (T50)
IRS tax category
Philanthropy, Charity, Voluntarism Promotion, General
Grant-giving organization
Yes
Revocation date
May 15, 2021

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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