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Filing year 2024

THE KARAKIN FOUNDATION

Abilene, Texas·EIN 75-2692023·NTEE T22Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$28.8M
Total assets
$193.7M
Total expenses
$20.2M
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 5 reported individuals · Filing year 2024

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

Chairman/president
Board President
Median to 75th percentile
$114k
$121k
Senior Vice President/operations Offic
Board President
Median to 75th percentile
$107k
$114k
Executive Vice President / Executive D
Executive Vice President
25th percentile to medianvs Philanthropy, Voluntarism & Grantmaking peers nationwide
$104k
$110k
Vice President
Board Vice President
Median to 75th percentile
$65k
$69k
Vice President/treasurer/cfo
Board President
Median to 75th percentile
$63k
$67k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 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 KARAKIN FOUNDATION equaled 0.6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
0.6%
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

$16.4M

Itemized grants

121

Median grant

$30k

RecipientLocationPurposeAmount
COMMUNITY FOUNDATION OF ABILENEABILENE, TXTO SUPPORT ABILENE HERITAGE SQUARE PROJECT$3M
ABILENE YOUTH SPORTS AUTHORITYABILENE, TXSOCCER FIELDS$1M
GROVER NELSON PARK ZOOLOGICAL FOUNDATIONABILENE, TXCAPITAL EXPANSION$1M
WEST TEXAS REHABILITATION CENTER FOUNDATIONABILENE, TXCAPITAL PROJECT$833k
HENDRICK MEDICAL CENTER FOUNDATIONABILENE, TXA FOUNDATION FOR THE FUTURE$800k
EVERFREESAN JUAN CAPISTRANO, CAFREEDOM LIFEMAP$500k
HARDIN-SIMMONS UNIVERSITYABILENE, TXSCHOOL OF NURSING$500k
HEALTHY KIDS BRIGHTER FUTURE INCBRUNSWICK, MEHEALTHY LEARNERS$500k
CHENLA CHILDREN'S HEALTH INCLOUISVILLE, KYOPERATIONS - KRATIE, MONDULKIRI AND STUNG TRENG CAMBODIA$410k
NEUROKIDSFAIRFAX, VABRIDGE PROGRAMS IN VIETNAM$373k
APOPO US INCWASHINGTON, DCMINE DETECTION, SEARCH/RESCUE RATS & WILDLIFE DETECTION RATS$350k
ADMIRAL NIMITZ FOUNDATIONFREDERICKSBURG, TXGALLERY EXPANSION$300k
TERREWODE WOMEN'S FUNDEUGENE, OROPERATIONS$300k
COMMUNITY FOUNDATION OF ABILENEABILENE, TXBUILDING PROJECT$250k
MATERNAL HEALTH HOPE FUNDSAN JOSE, CAMERCY WOMEN'S CATHOLIC HOSPITAL$250k
NORTHWEST MARITIME CENTERPORT TOWNSEND, WATHE BLUE SCHOOL INITIATIVE$250k
OPERATION FINALLY HOMEDALLAS, TXHOME MODIFICATIONS FOR VETERANS AND FIRST RESPONDERS$250k
WATER TO THRIVEAUSTIN, TXRURAL WATER ACCESS IN TIGRAY ETHIOPIA$208k
EMERGENCY USA LIFE SUPPORT FOR CIVILIAN VICTIMS OF WAR AND POVERTYNEW YORK, NYSURGICAL NEEDS IN GODERICH, SIERRA LEONE$200k
FOSTER LOVE - TOGETHER WE RISEBREA, CARAPID RESPONSE PROGRAM$200k
OPERATION HEALING FORCESTAMPA, FLIMMEDIATE NEEDS PROGRAM$200k
SUDAN RELIEF FUNDWASHINGTON, DCDOCTORS TO THE WORLD$200k
TEAM RUBICONEL SEGUNDO, CADISASTER OPERATIONS IN TEXAS$200k
ABILENE PRESERVATION LEAGUEABILENE, TXELKS ARTS CENTER$175k
SEMPER FI FUNDOCEANSIDE, CASERVICE MEMBER & FAMILY SUPPORT PROGRAM$175k
Compare this foundation's grantees

Up 30%
from 2023

From $87k in 2023 to $114k in 2024.

$87k
2023
$114k
2024
In today's dollarsEst.
Up 27% in real terms$95k to $121k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 30% from 2023 to 2024, while revenue fell 50%.

$87k in 2023 to $114k in 2024.
  • Executive Vice President pay rose 19% from 2023 to 2024.
  • Board Vice President pay rose 37% from 2023 to 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 ($150M - $1B), 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 KARAKIN FOUNDATION

What does the Board President of THE KARAKIN FOUNDATION earn?

In 2024, the Board President of THE KARAKIN FOUNDATION received $113,750 in total compensation. This pay is above the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Texas, within the top half of comparable filings. Based on IRS Form 990 data.

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

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Texas, the 2024 pay of the Board President at THE KARAKIN FOUNDATION falls between the median and the 75th percentile. In 2024, the highest total compensation at THE KARAKIN FOUNDATION equaled 0.6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are THE KARAKIN FOUNDATION's revenue and expenses?

In 2024, THE KARAKIN FOUNDATION reported $28.8M in total revenue and $20.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.