The Karafin Family Foundation
- Assets
- $7.2m
- Revenue
- $1.2m
- Investments
- $7.2m
- Employees
- 0
- Location
- Longboat Key, FL
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 38-7123022
Organization Overview
The Karafin Family Foundation is located in Longboat Key, FL. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Karafin Family 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 12/2022, Karafin Family Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $374.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Karafin Family Foundation has awarded 42 individual grants totaling $1,744,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Karafin Trustee | 0 | $0 | |
Barbara Karafin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $355 |
| Dividends & Interest | $136,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,873 |
| Capital Gain Net Income | $53,873 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164 |
| Total Revenue | $1,190,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $232 |
| Taxes | $4,057 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,289 |
| Contributions, gifts, grants paid | $370,000 |
| Total expenses and disbursements | $374,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $7,226,682 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,226,682 |
| 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, The Karafin Family Foundation has awarded $370,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AJC GLOBAL JEWISH ADVOCACY PURPOSE: DONATION | $150,000 |
FOUNDATION FOR DEFENSE OF PURPOSE: DONATION | $50,000 |
AMERICAN ISREAL EDUCATION PURPOSE: DONATION | $125,000 |
CAMERA PURPOSE: DONATION | $10,000 |
JEWISH FEDERATION OF PHILA PURPOSE: DONATION | $25,000 |
MIDDLE EAST FORUM PURPOSE: DONATION | $5,000 |