Karma Foundation
- Assets
- $5.5m
- Revenue
- $500.1k
- Investments
- $5.4m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 22-3478433
Organization Overview
Karma Foundation is located in Princeton, NJ. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karma 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, Karma Foundation generated $500.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $329.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 5 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 |
|---|---|---|---|
Dina K Elkins Executive Director | 35 | $124,605 | |
Sharon Karmazin President | 1 | $0 | |
Craig Karmazin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $137,789 |
| Interest on Savings | $16,847 |
| Dividends & Interest | $102,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $238,773 |
| Capital Gain Net Income | $249,209 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,144 |
| Total Revenue | $500,136 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $124,605 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $25,368 |
| Interest | $1,486 |
| Taxes | $9,445 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,882 |
| Total operating and administrative expenses | $212,786 |
| Contributions, gifts, grants paid | $116,355 |
| Total expenses and disbursements | $329,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,631 |
| Savings and temporary cash investments | $141,327 |
| Net Accounts receivable | $0 |
| 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 | $155,523 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,528,841 |
| Accounts payable and accrued expenses | $1,228 |
| 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 | $1,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Karma Foundation has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Hornthal Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |