Karve Charitable Foundation Inc
- Assets
- $256.3k
- Revenue
- $9.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 59-2849765
Organization Overview
Karve Charitable Foundation Inc is located in Ocala, FL. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Karve Charitable 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 12/2022, Karve Charitable Foundation Inc generated $9.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $28.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,279 |
| Capital Gain Net Income | $6,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $495 |
| Depreciation | $0 |
| Occupancy | $5,553 |
| Travel, conferences, and meetings | $1,623 |
| Printing and publications | $112 |
| Other expenses | $580 |
| Total operating and administrative expenses | $9,613 |
| Contributions, gifts, grants paid | $18,850 |
| Total expenses and disbursements | $28,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $231,526 |
| 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 | $24,730 |
| Other assets | $0 |
| Total assets | $256,256 |
| 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, Karve Charitable Foundation Inc has awarded $18,850 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EKALVIDYALAYS PURPOSE: SOCIAL SERVICES | $5,000 |
ST JUDE HOSPITAL PURPOSE: HEALTH | $500 |
CORNERSTOME SCHOOL PURPOSE: EDUCATION | $12,350 |
WORLD KITCHEN PURPOSE: POOR | $1,000 |