Karches Foundation
- Assets
- $547.0k
- Revenue
- $167.4k
- Investments
- $290.8k
- Employees
- 0
- Location
- Locust Valley, NY
- Founding
- 06/1997
- Data as of
- 12/2021
- 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 12/2021, Karches Foundation generated $167.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $196.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Berkery Director | 1 | $0 | |
Susan Karches Member | 1 | $0 | |
Peter Karches Director | 1 | $0 | |
Pamela Keneally Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $98 |
| Dividends & Interest | $7,336 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,952 |
| Capital Gain Net Income | $159,952 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$3,528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | -$3,428 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $196,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,833 |
| Savings and temporary cash investments | $241,281 |
| Net Accounts receivable | $2,100 |
| 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 | $547,024 |
| 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 $2,595,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: EDUCATIONAL | $1,500,000 |
NORTH SHORE- LIJ - NORTHWELL HEALTH PURPOSE: MEDICAL RESEARCH | $1,095,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Greater New York And Northern New Jersey Inc Brooklyn, NY | $83,028,309 | $96,117,748 |
Goodwill Keystone Area Harrisburg, PA | $79,763,177 | $71,312,062 |
Goodwill Industries Of Southern New Jersey Maple Shade, NJ | $28,089,461 | $62,057,476 |
Goodwill Of Southwestern Pennsylvania Pittsburgh, PA | $27,873,379 | $51,263,693 |
Goodwill Of Western And Northern Connecticut Inc Bridgeport, CT | $56,222,071 | $52,522,634 |
Morgan Memorial Goodwill Industries Inc Boston, MA | $44,929,635 | $36,409,751 |
Goodwill Industries Of Southern New England Inc North Haven, CT | $22,710,651 | $23,560,582 |
Goodwill Industries Of N Ctrl Pa Falls Creek, PA | $18,520,685 | $23,318,878 |
Goodwill Industries Of Northeastern Pa Scranton, PA | $3,646,825 | $19,267,425 |
Goodwill Of The Southern Alleghenies Inc Johnstown, PA | $25,401,330 | $17,363,905 |
Bronx Community Health Network Inc Bronx, NY | $3,991,099 | $14,090,159 |
Goodwill Industries Of The Pioneer Valley Inc Springfield, MA | $1,569,230 | $6,508,731 |