Kula For Karma
- Assets
- $203.3k
- Revenue
- $299.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Franklin Lakes, NJ
- Founding
- 09/2008
- Data as of
- 06/2023
- EIN
- 11-3819369
Organization Overview
Kula For Karma is located in Franklin Lakes, NJ. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Kula For Karma employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kula For Karma is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Kula For Karma generated $299.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $429.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRING THERAPEUTIC YOGA AND MEDITATION TO THOSE MOST IN NEED, TRANSFORMING LIVES AND CHANGING THE FACE OF HEALTHCARE- ONE PERSON AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KULA FOR KARMA IMPACTS MENTAL HEALTH THROUGH YOGA AND MINDFULNESS. KULAS MISSION IS TO BRING THE HEALING POWER OF YOGA, MEDITATION, AND STRESS MANAGEMENT PROGRAMS TO THOSE RECOVERING FROM MENTAL HEALTH, TRAUMA, AND ADDICTION CHALLENGES. OUR GOAL IS TO PROVIDE ACCESS TO CUSTOMIZED, WHOLE PERSON, WELLNESS PROGRAMS TO COMMUNITIES IMPACTED BY THE MENTAL HEALTH CRISIS PLAGUING OUR NATION. SINCE 2007 WEVE PIONEERED THESE PROGRAMS IN HOSPITAL SYSTEMS, SCHOOLS, TREATMENT CENTERS, AND HOMELESS YOUTH AND CRISIS CENTERS. AS INNOVATIVE LEADERS IN THE BEHAVIORAL HEALTH ARENA, WE OFFER SKILLS FOR CULTIVATING RESILIENCE IN TIMES OF STRESS OR CRISIS. KULA FOR KARMA IS PART OF THE SOLUTION. WE FOCUS ON IMPLEMENTING RESTORATIVE YOGA AND MEDITATION PROGRAMS BACKED BY EVIDENCE-BASED SCIENCE.
EXPANDED PROGRAMMING AT ARS:ADDED PROGRAMS WITH YOUTH CONSULTATION SERVICES: PILOT PROGRAMS WITH BOYS AND GIRLS CLUBS OF FL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Topfer President | OfficerTrustee | 40 | $60,000 |
Penni Feiner Executive Director | Officer | 40 | $60,000 |
Mark Schlesinger Director | Trustee | 1 | $0 |
Steven Topfer Director | Trustee | 1 | $0 |
Maria Salvatore Director | Trustee | 1 | $0 |
Lisa Buckley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $854 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,749 |
| Total Program Service Revenue | $167,475 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $935 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation of current officers, directors, key employees. | $11,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,070 |
| Advertising and promotion | $1,500 |
| Office expenses | $2,374 |
| Information technology | $25,068 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,560 |
| All other expenses | $0 |
| Total functional expenses | $429,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,523 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,981 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $203,329 |
| Accounts payable and accrued expenses | $15,672 |
| Grants payable | $0 |
| Deferred revenue | $600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,272 |
| Net assets without donor restrictions | $187,057 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $203,329 |