Sean Karl Foundation
- Assets
- $836.7k
- Revenue
- $204.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3665645
Organization Overview
Sean Karl Foundation is located in Nashville, TN. The organization was established in 2016. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sean Karl 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 12/2021, Sean Karl Foundation generated $204.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $11.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 4 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FIND A CURE FOR EWING SARCOMA BY RAISING $1,000,000 FOR A RESEARCH FUNDS CHALLENGE GRANT TO FIGHT THE DISEASE AND TO INCREASE AWARENESS REGARDING THE INSUFFICIENT FUNDING FOR PEDIATRIC CANCER RESEARCH AS A WHOLE. TO ACCOMPLISH ITS MISSION THE FOUNDATION HELD A FUND RAISING GOLF TOURNAMENT, TENNIS TOURNAMENT, AND A CONCERT TO RAISE MONEY FOR THE RESEARCH GRANT AND TO RAISE AWARENESS OF THE DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED FUNDRAISING EVENTS TO BUILD FUNDS FOR THE $1,000,000 CHALLENGE GRANT TO BE AWARDED TO FUND RESEARCH INTO PEDIATRIC CANCER, PARTICULARLY A CURE OF EWINGS SARCOMA. THE ORGANZIAITON IS STILL ACCUMULATING FUNDS TO MAKE THE $1,000,000 GRANT WHCIH IS EXPECTED TO BE AWARDED IN 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Karl Director | Trustee | 1 | $0 |
Ben Testerman Director | Trustee | 1 | $0 |
Tamela Caballero Director | Trustee | 1 | $0 |
Steven Priest Secretary/treasurer | Trustee | 2 | $0 |
Laurie Dynes President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,044 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,251 |
| Total Program Service Revenue | $0 |
| Investment income | $1,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $204,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $460 |
| Advertising and promotion | $1,146 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,782 |
| All other expenses | -$25,217 |
| Total functional expenses | $11,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $836,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $836,683 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $836,683 |
| Total liabilities and net assets/fund balances | $836,683 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sean Karl Foundation has recieved totaling $10,448.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Nashville & Middle Tennessee Nashville, TN PURPOSE: GENERAL | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prevent Cancer Foundation Alexandria, VA | $19,123,889 | $9,204,793 |
University Of Kentucky Markey Cancer Foundation Inc Lexington, KY | $19,134,513 | $1,289,166 |
Chordoma Foundation Durham, NC | $6,529,695 | $3,085,754 |
Breast Cancer Research Foundation Of Alabama Birmingham, AL | $358,646 | $1,553,993 |
Reelin For Research Inc Greensboro, NC | $638,760 | $704,128 |
Scott Hamilton Cares Foundation Inc Franklin, TN | $1,663,491 | $1,390,768 |
Glioblastoma Foundation Inc Durham, NC | $1,523,936 | $1,253,574 |
Chance For Life Alexandria, VA | $1,211,933 | $982,944 |
Society For Translational Oncology Inc Durham, NC | $1,367,988 | $1,176,418 |
Wood Hudson Cancer Research Laboratory Inc Newport, KY | $54,376,827 | $1,503,910 |
Friends For An Earlier Breast Cancer Test Inc Greensboro, NC | $239,976 | $461,731 |
The Brassica Foundation For Chemopr Otection Research Inc Mclean, VA | $239,523 | $198,133 |