Karuna-Shechen Usa
- Assets
- $1.3m
- Revenue
- $699.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Kew Gardens, NY
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 27-3857947
Organization Overview
Karuna-Shechen Usa is located in Kew Gardens, NY. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Karuna-Shechen USA 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, Karuna-Shechen USA generated $699.1k 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 (9.1%) each year. All expenses for the organization totaled $901.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KARUNA-SHECHEN INITIATES AND OVERSEES PROJECTS THAT PROVIDE HEALTH CARE, EDUCATION, AND SOCIAL SERVICES FOR THE UNDER-SERVED POPULATIONS OF INDIA, NEPAL, AND TIBET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT OUR TARGET AREA (THE HIMALAYAS) KS HAS BUILT NUMEROUS SCHOOLS ANNUALLY SERVING POOR CHILDREN MAINLY IN REMOTE AREAS WHERE THERE WAS NO ACCESS TO EDUCATION. WE PAY SPECIAL ATTENTION TO THE EDUCATION OF WOMEN AND GIRLS. WE HAVE BUILT AND OPERATE TWO LARGE CLINICS FOR THE POOR (IN INDIA AND NEPAL) THAT HAVE VIGOROUS OUTREACH PROGRAMS THAT BRING MEDICAL CARE AND SOCIAL SERVICES TO THE MOST NEEDY AT NO COST OR ON A SLIDING SCALE. WE BRING SOLAR LIGHTING AND RAINWATER HARVESTING TO REMOTE AND POOR VILLAGES, ALLOWING CHILDREN AND WOMEN TO STUDY AT NIGHT AND PROVIDING A SAFE AND MORE SECURE WATER SUPPLY. WE WORK WITH LOCAL COMMUNITIES TO TEACH HYGIENE AND BASIC SANITATION AND HAVE HELPED SMALL VOCATIONAL PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandre Lippens President | OfficerTrustee | 1 | $0 |
Rekha Puri Left 1121 Vice President | OfficerTrustee | 1 | $0 |
Charles-Mathieu Brunelle Director (left 11/21) | Trustee | 0.5 | $0 |
Gianluigi Buitoni Director | Trustee | 0.5 | $0 |
Juliette Timsit Director | Trustee | 0.5 | $0 |
Jean Timsit Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,040 |
| Total Program Service Revenue | $0 |
| Investment income | $57 |
| 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 | $699,097 |
| 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 | $775,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $40,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,000 |
| Advertising and promotion | $0 |
| Office expenses | $142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,061 |
| All other expenses | $0 |
| Total functional expenses | $901,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $643,835 |
| Savings and temporary cash investments | $574,075 |
| Pledges and grants receivable | $70,548 |
| 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 | $549 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,289,007 |
| Accounts payable and accrued expenses | $40,716 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,716 |
| Net assets without donor restrictions | $1,173,291 |
| Net assets with donor restrictions | $75,000 |
| 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 | $1,289,007 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Karuna-Shechen Usa has recieved totaling $206,002.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $100,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: INTERNATIONAL HUMANITARIAN PROGRAMS | $50,000 |
The Annenberg Foundation Conshohocken, PA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $20,000 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $5,802 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |