Karis Inc
- Assets
- $5.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 60
- Location
- Grand Junction, CO
- Founding
- 12/2009
- Data as of
- 09/2023
- EIN
- 26-4600743
Organization Overview
Karis Inc is located in Grand Junction, CO. The organization was established in 2009. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Karis Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karis Inc 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 09/2023, Karis Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $2.8m during the year ending 09/2023. While expenses have increased by 21.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE HOUSING AND ASSISTANCE TO HOMELESS INDIVIDUALS, FAMILIES, AND TEENS WHO ARE MOVING AGRESSIVELY TOWARDS SELF-SUFFICIENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY SERVICES WHICH PROVIDES TEMPORARY SAFE SHELTER FOR HOMELESS YOUTH. THEHOUSE PROVIDES COUNSELING, EMOTIONAL SUPPORT, AND GUIDANCE TO HELP THEM ESTABLISH A STABLE AND PRODUCTIVE LIFE SITUATION.
PERMANENT SUPPORTIVE HOUSING WHICH PROVIDES VOUCHER-BASED HOUSING FOR YOUTH AND ADULTS.
TRANSITIONAL LIVING FOR ESTABLISHING PERMANENT AND POSITIVE RELATIONSHIPS, A FULL SUITE OF MENTAL HEALTH AND PHYSICAL HEALTH SERVICES, AND FOLLOW-UP SERVICES THAT EXTEND WELL PAST THE REQUIRED 90 DAYS.
STREET OUTREACH MEETS THE NEEDS OF TWO UNDERSERVED POPULATIONS; YOUNG ADULTS AGED 18-24 AND THOSE WHO IDENTIFY AS LGBTQ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Cupp President | OfficerTrustee | 2 | $0 |
Cindy Dickey Treasurer | OfficerTrustee | 2 | $0 |
George Gromke Board Member | Trustee | 2 | $0 |
Nancy Hackett Board Member | Trustee | 2 | $0 |
Karoline Henning Board Member | Trustee | 2 | $0 |
Brian Hollingsworth Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,749,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $710,878 |
| Noncash contributions included in lines 1a–1f | $91,224 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,460,254 |
| Total Program Service Revenue | $282,476 |
| Investment income | $0 |
| 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 | $2,744,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,536,510 |
| Pension plan accruals and contributions | $6,120 |
| Other employee benefits | $141,735 |
| Payroll taxes | $132,414 |
| 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 | $102,747 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $184,150 |
| Travel | $16,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,102 |
| Insurance | $155,915 |
| All other expenses | $81,596 |
| Total functional expenses | $2,763,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,052 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $249,791 |
| Accounts receivable, net | $0 |
| 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 | $10,326 |
| Net Land, buildings, and equipment | $2,784,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,664,462 |
| Total assets | $5,017,598 |
| Accounts payable and accrued expenses | $161,535 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,071,577 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,233,112 |
| Net assets without donor restrictions | $3,784,486 |
| 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 | $5,017,598 |