Karmaspirit
- Assets
- $51.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Novato, CA
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 20-3325571
Organization Overview
Karmaspirit is located in Novato, CA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karmaspirit 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 12/2022, Karmaspirit generated $46.9k 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 (10.5%) each year. All expenses for the organization totaled $145.7k during the year ending 12/2022. 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 |
|---|---|---|---|
Marian Huntington Executive Director | 21 | $34,000 | |
Don Schinske Treasurer | 1 | $0 | |
Racy Ming Secretary | 1 | $0 | |
Angela Weikel President | 1 | $0 | |
Charles Dresow Board Director & Community | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,860 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,860 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,625 |
| Professional fees and other payments to independent contractors | $19,649 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $876 |
| Other expenses | $3,098 |
| Total expenses | $145,698 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,452 |
| Other assets | $0 |
| Total assets | $51,452 |
| Total liabilities | $910 |
| Net assets or fund balances | $50,542 |