Karpus Family Foundation Inc
- Assets
- $19.8m
- Revenue
- $1.3m
- Investments
- $19.3m
- Employees
- 0
- Location
- Pittsford, NY
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-2479174
Organization Overview
Karpus Family Foundation Inc is located in Pittsford, NY. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karpus Family 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, Karpus Family Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Karpus Family Foundation Inc has awarded 124 individual grants totaling $3,547,327. 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 |
|---|---|---|---|
George W Karpus President, Director | 2 | $8,000 | |
Kathleen P Karpus Vice President, Secretary | 2 | $0 | |
Anthony Mirrione Director | 2 | $0 | |
Rodd Riesenberger Treasurer | 2 | $18,000 | |
Paul Lipari Director | 2 | $0 | |
Joan Riesenberger Director | 2 | $8,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank | 12/30/20 | $153,082 |
Empriente Consulting Llc | 12/30/20 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $897,691 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $378,184 |
| Capital Gain Net Income | $378,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,275,875 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,505 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $41,682 |
| Printing and publications | $0 |
| Other expenses | $25,890 |
| Total operating and administrative expenses | $291,121 |
| Contributions, gifts, grants paid | $889,100 |
| Total expenses and disbursements | $1,180,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $558,726 |
| 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 | $19,839,021 |
| 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, Karpus Family Foundation Inc has awarded $889,100 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ACCURACY IN MEDIA PURPOSE: GENERAL PURPOSE | $12,500 |
BILL OF RIGHTS INSTITUTION PURPOSE: GENERAL PURPOSE | $10,000 |
CANCER ALLIANCE OF NAPLES PURPOSE: GENERAL PURPOSE | $15,000 |
CANCER SUPPORT COMMUNITY AT GILDA'S CLUB PURPOSE: GENERAL PURPOSE | $10,000 |
CHALLENGER MIRACLE FIELD PURPOSE: GENERAL PURPOSE | $25,000 |
DAILY CALLER NEWS FOUNDATION PURPOSE: GENERAL PURPOSE | $50,000 |