Karelou Foundation
- Assets
- $2.6m
- Revenue
- $118.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/2019
- Data as of
- 06/2023
- EIN
- 82-4129763
Organization Overview
Karelou Foundation is located in Pittsburgh, PA. The organization was established in 2019. 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. Karelou 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 06/2023, Karelou Foundation generated $118.7k 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 (43.0%) each year. All expenses for the organization totaled $196.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Karelou Foundation has awarded 57 individual grants totaling $758,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,052 |
| Dividends & Interest | $56,150 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,884 |
| Capital Gain Net Income | $51,884 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,600 |
| Total Revenue | $118,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,812 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $196,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $231,319 |
| 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 | $2,179,303 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,560,071 |
| 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, Karelou Foundation has awarded $180,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AUTISM PROJECT OF PALM BEACH COUNTY PURPOSE: GENERAL | $7,000 |
DEPAUL SCHOOL FOR HEARING & SPEECH PURPOSE: GENERAL | $20,000 |
EMMAUS COMMUNITY OF PITTSBURGH PURPOSE: GENERAL | $2,000 |
DUQUESNE UNIVERSITY PURPOSE: GENERAL | $20,000 |
LITTLE SISTERS OF THE POOR PURPOSE: GENERAL | $20,000 |
POINT PARK UNIVERSITY PURPOSE: GENERAL | $5,000 |