Karches Foundation
- Assets
- $464.2k
- Revenue
- $12.2k
- Investments
- $427.4k
- Employees
- 0
- Location
- Locust Valley, NY
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 13-7106278
Organization Overview
Karches Foundation is located in Locust Valley, NY. The organization was established in 1997. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karches Foundation 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 12/2023, Karches Foundation generated $12.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $97.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (30.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Karches Member | 0 | $0 | |
Peter Karches Director | 0 | $0 | |
Amy Berkery Director | 0 | $0 | |
Pamela Keneally Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,669 |
| Dividends & Interest | $8,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$2,515 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | -$2,415 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $97,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,272 |
| Savings and temporary cash investments | $28,080 |
| Net Accounts receivable | $2,445 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $464,203 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Karches Foundation has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LYMPHOMA RESEARCH FDN PURPOSE: CHARITABLE | $50,000 |
PARTNERSHIP SCHOOLS PURPOSE: EDUCATIONAL | $50,000 |