Karina Foundation
- Assets
- $1.8m
- Revenue
- -$104.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Marion, MA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-4024541
Organization Overview
Karina Foundation is located in Marion, MA. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Karina Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Karina Foundation has awarded 77 individual grants totaling $607,000. 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 |
|---|---|---|---|
Eric H Strand Trustee | 0 | $0 | |
Karen L Braitmayer Advisory Bd. | 0 | $0 | |
Eric A Braitmayer Advisory Bd. | 0 | $0 | |
Kristina B Hewey Advisory Bd. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$148,922 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$104,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,332 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $35,758 |
| Contributions, gifts, grants paid | $151,000 |
| Total expenses and disbursements | $186,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $631,805 |
| 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 | $1 |
| Total assets | $1,846,159 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $45 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45 |
Grants Awarded
Over the last fiscal year, Karina Foundation has awarded $151,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHCOAST HEALTH PURPOSE: $2,500 GENERAL FUND, $1,500 SOUTHCOAST 25TH ANNIVERSARY EVENT | $5,000 |
GRACE EPISCOPAL CHURCH PURPOSE: ENDOWMENT FUND | $5,000 |
THE KIRAN ANJALI PROJECT PURPOSE: FUND A PLUS 2 SCHOLARSHIP | $5,000 |
THE CENTER FOR WOODEN BOATS PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
LOW INCOME HOUSING INSTITUTE PURPOSE: UNRESTRICTED | $5,000 |
RICE UNIVERSITY PURPOSE: ANNUAL FUND AREA OF GREATEST NEED | $10,000 |