Karmic Kids Foundation Inc
- Assets
- $169.7k
- Revenue
- $7.7k
- Investments
- $165.8k
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-1568710
Organization Overview
Karmic Kids Foundation Inc is located in Franklin Lakes, NJ. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Karmic Kids Foundation 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 12/2023, Karmic Kids Foundation Inc generated $7.7k 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 (6.7%) each year. All expenses for the organization totaled $856.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (52.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Karmic Kids Foundation Inc has awarded 43 individual grants totaling $2,005,651. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Lukacs President | 10 | $0 | |
Kristen Lopresti Secretary And Treasurer | 0.25 | $0 | |
Vladimir Kitaygorodsky Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $111 |
| Dividends & Interest | $7,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33 |
| Total operating and administrative expenses | $856 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,826 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $169,661 |
| 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, Karmic Kids Foundation Inc has awarded $28,842 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RAMAPO COLLEGE OF NEW JERSEY PURPOSE: CHARTIABLE CONTRIBUTION TO SUPPORT THE SCHOOLS' MISSION | $7,500 |
UNIVERSITY OF NEW HAVEN PURPOSE: CHARTIABLE CONTRIBUTION TO SUPPORT THE SCHOOLS' MISSION | $5,000 |
REAL DOG RESCUE PURPOSE: CHARITBLE CONTRIBUTION TO RESCUE, REHIBILITATE, AND RE-HOME DOGS | $13,842 |
BOYS AND GIRLS CLUB OF UNION COUNTY PURPOSE: CHARITABLE CONTIRBUTION TO SUPPORT THE CLUBS' MISSION | $2,500 |