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KORB FAMILY FOUNDATION INC: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
KORB FAMILY FOUNDATION INC (EIN 39-1979649)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-14
IRS object ID
202631349349101988
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-14T10:30:47-06:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOYCE ROTH BUSINESS SERVICESBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 972AddressLine1Txt
CityFOND DU LACCityNm
State AbbreviationWIStateAbbreviationCd
ZIP54936ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391979649EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KORB FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL A KORBInCareOfNm
Business Name ControlKORBBusinessNameControlTxt
Phone9209522000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1N7814 SANDY BEACH ROADAddressLine1Txt
CityFOND DU LACCityNm
State AbbreviationWIStateAbbreviationCd
ZIP54935ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL A KORBPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9209522000PhoneNum
Signature2026-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOYCE ROTHPreparerPersonNm
PTINP01483922PTIN
Phone9209220470PhoneNum
Preparation2026-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$427,695FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,526InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,526InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$15,780DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,780DividendsNetInvstIncmAmt
Total Rev And Expnss$18,306TotalRevAndExpnssAmt
Total Net Invst Incm$18,306TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$675AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$675AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$234TaxesRevAndExpnssAmt
Taxes Net Invst Incm$234TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$909TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$909TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$22,550ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$22,550ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$23,459TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$909TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$22,550TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,153ExcessRevenueOverExpensesAmt
Net Investment Income$17,397NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$44,615SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$10,805SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,805SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$198,001CorporateStockBOYAmt
Corporate Stock EOY$225,998CorporateStockEOYAmt
Corporate Stock EOYFMV$416,890CorporateStockEOYFMVAmt
Total Assets BOY$242,616TotalAssetsBOYAmt
Total Assets EOY$236,803TotalAssetsEOYAmt
Total Assets EOYFMV$427,695TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$76,148CapitalStockBOYAmt
Capital Stock EOY$76,148CapitalStockEOYAmt
Retained Earning BOY$166,468RetainedEarningBOYAmt
Retained Earning EOY$160,655RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$242,616TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$236,803TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$242,616TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$236,803TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$242,616TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,153ExcessRevenueOverExpensesAmt
Subtotal$237,463SubtotalAmt
Other Decreases$660OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$236,803TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$242InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$242SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$242TaxBasedOnInvestmentIncomeAmt
Tax Due$242TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateWIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksMICHAEL A KORBIndividualWithBooksNm
Phone9209522000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line166 S MAIN STREETAddressLine1Txt
CityFOND DU LACCityNm
State AbbreviationWIStateAbbreviationCd
ZIP54935ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL A KORB
N7814 SANDY BEACH ROADFOND DU LACWI54935PRESIDENT0.00$0$0$0
STEPHANIE D KORB
N7814 SANDY BEACH ROADFOND DU LACWI54935VICE PRESIDENT0.00$0$0$0
CATHERINE A KORB
N7814 SANDY BEACH ROADFOND DU LACWI54935VICE PRESIDENT0.00$0$0$0
MICHAEL A KORB
N7814 SANDY BEACH ROADFOND DU LACWI54935SECRETARYTREAS0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$417,952AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$417,952TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$417,952AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,269CashDeemedCharitableAmt
Net Vl Noncharitable Assets$411,683NetVlNoncharitableAssetsAmt
Minimum Investment Return$20,584MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$20,584MinimumInvestmentReturnAmt
Tax Based On Investment Income$242TaxBasedOnInvestmentIncomeAmt
Total Tax$242TotalTaxAmt
Distributable Before Adj$20,342DistributableBeforeAdjAmt
Distributable Before Ded$20,342DistributableBeforeDedAmt
Distributable As Adjusted$20,342DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$22,550ExpensesAndContributionsAmt
Qualifying Distributions$22,550QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$20,342DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$7,813ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$4,061ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$17,995ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$730ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,167ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$34,766TotalExcessDistributionCyovAmt
Qualifying Distributions$22,550QualifyingDistributionsAmt
Applied To Current Year$20,342AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,208RemainingDistriFromCorpusAmt
Total Corpus$36,974TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$7,813ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$29,161ExcessDistriCyovToNextYrAmt
Excess From Year4$4,061ExcessFromYear4Amt
Excess From Year3$17,995ExcessFromYear3Amt
Excess From Year2$730ExcessFromYear2Amt
Excess From Year1$4,167ExcessFromYear1Amt
Excess From Current Year$2,208ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Shareholder ManagerMICHAEL A KORBShareholderManagerNm
Shareholder ManagerCATHERINE A KORBShareholderManagerNm
Shareholder ManagerSTEPHANIE D KORBShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMICHAEL A KORBRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1N7814 SANDY BEACH ROADAddressLine1Txt
CityFOND DU LACCityNm
State AbbreviationWIStateAbbreviationCd
ZIP54935ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9209522000RecipientPhoneNum
Form And Info And MaterialsNO SPECIFICATIONSFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOYS AND GIRLS CLUB
76 W SECOND STREETFOND DU LACWI54935NONEPCCHARITABLE EDUCATION$4,500
CHILDRENS MUSEUM OF FOND DU LAC
75 W SCOTT STREETFOND DU LACWI54935NONENCCHARITABLE EDUCATION$5,000
ST MARYS SPRINGS ACADEMY
255 COUNTY ROAD KFOND DU LACWI54935NONENCCHARITABLE EDUCATION$1,750
AGNESIAN HEALTHCARE FOUNDATION INC
430 E DIVISION STREETFOND DU LACWI54935NONENCCHARITABLE EDUCATION$2,500
MARIAN UNIVERSITY
45 S NATIONAL AVENUEFOND DU LACWI54935NONENCCHARITABLE EDUCATION$2,000
FOND DU LAC BLUE LINE BOOSTER CLUB
550 FOND DU LAC AVENUEFOND DU LACWI54935NONENCCHARITABLE EDUCATION$500
CURE FOR CASEY
688 CYPRESS WAYOREGONWI53575NONEPCCHARITABLE EDUCATION$500
WREATHS ACROSS AMERICA
1982 GOLF COURSE DRIVEFOND DU LACWI54937NONEPCCHARITABLE$1,000
SOUTH SHORE CHORALE
PO BOX 2252FOND DU LACWI54936NONEPCCHARITABLE EDUCATION$300
UNIVERSITY OF ST THOMAS
2115 SUMMIT AVENUESAINT PAULMN55105NONENCCHARITABLE EDUCATION$2,000
ST MARYS COLLEGE
134 LEMANS HALLNOTRE DAMEIN46556NONENCCHARITABLE EDUCATION$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$22,550TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,526ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,780ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$18,306ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,306TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
3INTEREST INCOME REINVESTED
4DIVIDEND INCOME REINVESTED

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNTING FEES$650$650$0$0
ANNUAL REPORT - FILING FEE$25$25$0$0

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonSTEPHANIE D KORBPersonNm
Short ExplanationNONEShortExplanationTxt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonCATHERINE A KORBPersonNm
Short ExplanationNONEShortExplanationTxt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp

FieldValueIRS element (for citing)
PersonMICHAEL A KORBPersonNm
Short ExplanationNONEShortExplanationTxt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockINVESTMENTSStockNm
EOY Book Value$225,998EOYBookValueAmt
EOYFMV$416,890EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCOST BASIS OVER DONATED FMVDesc
Amt$660Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL TAXES$199$199$0$0
ADR FEES$35$35$0$0