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Filing year 2024

THE KARA FOUNDATION

Libertyville, Illinois·EIN 36-3779796·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$866k
Total assets
$12.6M
Total expenses
$663k
Reported officers
5

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois.

Vice-president
Board President
Median to 75th percentile
$60k
$64k
Co- President/treasurer
Board President
Median to 75th percentile
$59k
$63k
Co-president/ Secretary
Board President
Median to 75th percentile
$59k
$63k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE KARA FOUNDATION equaled 9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
9%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$406k

Itemized grants

15

Median grant

$20k

RecipientLocationPurposeAmount
LAKELAND SCHOOL OF WALWORTH COUNTYELKHORN, WIOPERATIONAL SUPPORT$84k
MOBILE CARES CHICAGOCHICAGO, ILOPERATIONAL SUPPORT$60k
TOWN OF BURLINGTON VOLUNTEER FIRE DEPARTMENTBURLINGTON, WIOPERATIONAL SUPPORT$45k
LIFELINE PILOTSPEORIA, ILOPERATIONAL SUPPORT$38k
SMILESDARIEN, WIOPERATIONAL SUPPORT$35k
NAPERVILLE RESPONDS FOR OUR VETERANSNAPERVILLE, ILOPERATIONAL SUPPORT$25k
BURLINGTON SENIOR ACTIVITY CENTERBURLINGTON, WIOPERATIONAL SUPPORT$23k
DONKA INCWHEATON, ILOPERATIONAL SUPPORT$20k
WAYNE TOWNSHIP FOOD PANTRYWEST CHICAGO, ILOPERATIONAL SUPPORT$20k
WESTOSHA SENIOR COMMUNITYBIRSTOL, WIOPERATIONAL SUPPORT$17k
UNITED SPINAL ASSOCIATION-ILLINOIS CHAPTERPALOS HEIGHTS, ILOPERATIONAL SUPPORT$15k
GIVENKINDBUFFALO GROVE, ILOPERATIONAL SUPPORT$8k
THE LINCOLN MEMORIAL SHRINEREDLANDS, CAOPERATIONAL SUPPORT$8k
LAKE GENEVA FOOD PANTRYLAKE GENEVA, WIOPERATIONAL SUPPORT$5k
LIBERTYVILLE TOWNSHIP FOOD PANTRYLIBERTYVILLE, ILOPERATIONAL SUPPORT$5k
Compare this foundation's grantees

Held steady
from 2023

From $60k in 2023 to $60k in 2024.

$60k
2023
$60k
2024
In today's dollarsEst.
Down 3% in real terms$66k to $64k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay held roughly steady from 2023 to 2024, while revenue rose 525%.

$60k in 2023 to $60k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about THE KARA FOUNDATION

What does the Board President of THE KARA FOUNDATION earn?

In 2024, the Board President of THE KARA FOUNDATION received $60,000 in total compensation. This pay is above the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Illinois, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board President pay at THE KARA FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Illinois, the 2024 pay of the Board President at THE KARA FOUNDATION falls between the median and the 75th percentile. In 2024, the highest total compensation at THE KARA FOUNDATION equaled 9% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE KARA FOUNDATION's revenue and expenses?

In 2024, THE KARA FOUNDATION reported $866k in total revenue and $663k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.