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Edward J Korman and Margaret a Corman Charitable Foundation (82-7116331) — Nonprofit Profile, 990 Financials & Due Diligence | Givalgo Discover
Edward J Korman and Margaret a Corman Charitable Foundation
DBA:N/A
Other name: Korman Foundation
EIN: 82-7116331
IRS ActivePrivate Foundation501(c)(3)Philanthropy & GrantmakingMinneapolis, MNRuling: December 2019
Due Diligence Summary
EIN 82-7116331 · Snapshot of IRS recognition, filing currency, financial health, and governance.
Pro diligence preview
IRS Status
Active
Recognised December 2019
Pub 78
Listed
Eligible to receive tax-deductible contributions.
Latest Filing
Form 990PF · FY2024
Period end Dec 31, 2024
Revenue (latest FY)
$126K
Expenses $45K
Operating Reserves
683.2 months
Strong reserves position.
Governance Flags
No flags detected
Common Form 990 governance flags are clear.
Sector
Philanthropy & Grantmaking
NTEE T20
AI Organization Overview
Private Foundation (Form 990-PF)
This organisation files Form 990-PF as a private foundation. The 990-PF doesn't have a Part I Line 1 “mission” field the way Form 990 does, so we don't have a mission statement on record.
The grants list on the Grants tab and the financial breakdowns below give the clearest picture of this foundation's focus.
Organization Details
Tax Status
501(c)(3)
IRS Ruling
December 2019
Deductibility
Private Foundation (Tax-deductible)
Tax Period
FY2024
Contact
1581 Ameriprise Financial Center Minneapolis, MN 55474
Frequently asked questions about Edward J Korman and Margaret a Corman Charitable Foundation
8 answers compiled from IRS Form 990, BMF, Pub 78, and the Auto-Revocation List.
Is Edward J Korman and Margaret a Corman Charitable Foundation a tax-exempt 501(c)(3)?
Yes — Edward J Korman and Margaret a Corman Charitable Foundation is recognised by the IRS as a 501(c)(3) organisation (EIN 82-7116331). The IRS recognised Edward J Korman and Margaret a Corman Charitable Foundation as tax-exempt in December 2019.
What is Edward J Korman and Margaret a Corman Charitable Foundation's EIN?
Edward J Korman and Margaret a Corman Charitable Foundation's Employer Identification Number (EIN) is 82-7116331. The EIN was assigned by the IRS in December 2019. Donors and grantmakers use the EIN to verify tax-exempt status with the IRS.
What does Edward J Korman and Margaret a Corman Charitable Foundation do?
Edward J Korman and Margaret a Corman Charitable Foundation is registered with the IRS as a philanthropy & grantmaking nonprofit organisation. A detailed mission statement is not available on its most recent Form 990 filing.
Where is Edward J Korman and Margaret a Corman Charitable Foundation located?
Edward J Korman and Margaret a Corman Charitable Foundation is located at 1581 Ameriprise Financial Center, Minneapolis, MN, 55474.
When was Edward J Korman and Margaret a Corman Charitable Foundation founded or recognised by the IRS?
Edward J Korman and Margaret a Corman Charitable Foundation was recognised by the IRS as a tax-exempt organisation in December 2019. The IRS ruling date is the earliest authoritative date available for most US nonprofits.
What is Edward J Korman and Margaret a Corman Charitable Foundation's annual revenue?
On its most recent Form 990 (fiscal year 2024), Edward J Korman and Margaret a Corman Charitable Foundation reported $126K in total revenue and $45K in total expenses.
Has Edward J Korman and Margaret a Corman Charitable Foundation been auto-revoked by the IRS?
No — Edward J Korman and Margaret a Corman Charitable Foundation (EIN 82-7116331) does not appear on the IRS Auto-Revocation List. Givalgo Discover cross-references the IRS Auto-Revocation List on every profile load; if status changes, this page reflects it.
Is Edward J Korman and Margaret a Corman Charitable Foundation listed in IRS Publication 78?
Yes — Edward J Korman and Margaret a Corman Charitable Foundation is listed in IRS Publication 78 as an organisation eligible to receive tax-deductible charitable contributions. Pub 78 status is the canonical IRS signal that donations to an org are deductible.
