Karamu Nutrition Program
- Assets
- $1.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Memphis, TN
- Founding
- 05/1995
- Data as of
- 09/2022
- EIN
- 62-1510796
Organization Overview
Karamu Nutrition Program is located in Memphis, TN. The organization was established in 1995. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2022, Karamu Nutrition Program employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karamu Nutrition Program 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 09/2022, Karamu Nutrition Program generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $7.3m during the year ending 09/2022. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE REIMBURSEMENT FOR CHILD AND ADULT CARE FOOD PROGRAM CLAIMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD AND ADULT CARE FOOD PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Vera Corley-Sims Executive Director | OfficerTrustee | 40 | $99,000 |
Tony L Corley President | OfficerTrustee | 40 | $55,008 |
Tywana Seward-Corley Secretary | OfficerTrustee | 40 | $51,056 |
Earl Johnson Director | Trustee | 1 | $0 |
Charles Taylor Director | Trustee | 1 | $0 |
Tyrone Bennett Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,130 |
| Total Program Service Revenue | $7,290,961 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,417,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,491,833 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,064 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $267,181 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,841 |
| Payroll taxes | $37,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,500 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,141 |
| Travel | $15,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,343 |
| Insurance | $4,111 |
| All other expenses | $0 |
| Total functional expenses | $7,292,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $660,993 |
| Accounts receivable, net | $3,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,774 |
| Total assets | $1,039,726 |
| Accounts payable and accrued expenses | $611,788 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,516 |
| Total liabilities | $663,304 |
| Net assets without donor restrictions | $376,422 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,039,726 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Nutrition Program Inc Charlotte, NC | $191,664 | $9,452,233 |
Karamu Nutrition Program Memphis, TN | $1,039,726 | $7,417,091 |
Home Care Associates Inc Atlanta, GA | $653,854 | $6,149,129 |
Child Nutrition Inc Warrenton, VA | $413,880 | $3,720,371 |
Produce For Better Health Foundation Brentwood, MO | $4,913,115 | $2,245,758 |
Operation Kids Inc Texarkana, AR | $183,069 | $1,734,988 |
National Association Of Farmers Market Nutrition Programs Rougemont, NC | $512,490 | $1,454,310 |
Alpha & Omega Nutrition Program Inc Memphis, TN | $225,948 | $1,399,738 |
Nutrition Plus Inc Goldsboro, NC | $125,695 | $1,250,068 |
School Nutrition Foundation Arlington, VA | $4,873,437 | $964,503 |
Tri Cycle Farms Inc Fayetteville, AR | $285,584 | $748,912 |
A Is For Appetite Food & Nutrition Services Inc Charlotte, NC | $31,229 | $716,158 |