Karp Family Foundation
- Assets
- $16.6m
- Revenue
- $491.2k
- Investments
- $16.6m
- Employees
- 0
- Location
- Orchard Lake, MI
- Founding
- 07/2014
- Data as of
- 02/2023
- EIN
- 46-5092038
Organization Overview
Karp Family Foundation is located in Orchard Lake, MI. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karp 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 02/2023, Karp Family Foundation generated $491.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.1m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Karp Family Foundation has awarded 111 individual grants totaling $4,630,540. 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 |
|---|---|---|---|
Gabriella Karp President | 0 | $0 | |
Gary Karp Treasurer | 0 | $0 | |
David Karp Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80,084 |
| Dividends & Interest | $239,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $172,077 |
| Capital Gain Net Income | $172,077 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $491,181 |
| 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 | $0 |
| Total operating and administrative expenses | $116,416 |
| Contributions, gifts, grants paid | $933,980 |
| Total expenses and disbursements | $1,050,396 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,552,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,074,410 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,074,410 |
Grants Awarded
Over the last fiscal year, Karp Family Foundation has awarded $933,980 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ADAT SHALOM SYNAGOGUE PURPOSE: UNRESTRICTED | $3,600 |
AMERICAN FRIENDS OF MAGEN DAVID ADO PURPOSE: UNRESTRICTED | $10,000 |
AMERICAN FRIENDS OF YAHAD PURPOSE: UNRESTRICTED | $10,000 |
CABARET 313 PURPOSE: UNRESTRICTED | $2,500 |
JARC PURPOSE: UNRESTRICTED | $5,000 |
HOLOCAUST MEMORIAL CENTER PURPOSE: UNRESTRICTED | $333,234 |