Karat School Project
- Assets
- $66.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 82-5036957
Organization Overview
Karat School Project is located in Palo Alto, CA. The organization was established in 2019. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karat School Project 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, Karat School Project generated $114.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (21.9%) each year. All expenses for the organization totaled $145.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE SKILLS-BASED EDUCATION TO CHILDREN AND WOMEN LIVING IN EXTREME POVERTY TO HELP BREAK THE CYCLE OF POVERTY AND INEQUALITY SUSTAINABLY NOW AND FOR GENERATIONS TO COME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Keomian President | 2 | $28,523 | |
Grace N'ze Secretary | 2 | $0 | |
Sherry Auerbach Member | 2 | $0 | |
Natalie Herrema Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,623 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3 |
| Total Revenue | $114,626 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,904 |
| Professional fees and other payments to independent contractors | $6,128 |
| Occupancy, rent, utilities, and maintenance | $2,999 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $86,810 |
| Total expenses | $145,841 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,934 |
| Other assets | $0 |
| Total assets | $66,934 |
| Total liabilities | $12,800 |
| Net assets or fund balances | $54,134 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Karat School Project has recieved totaling $19,471.
| Awarding Organization | Amount |
|---|---|
Los Altos Community Foundation Los Altos, CA PURPOSE: OPERATIONS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,354 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: EDU-KIT PROGRAM | $3,500 |
Greater Sum Inc Jacksonville, FL PURPOSE: SKILLS-BASED EDUCATIONFOR WOMEN AND CHILDRENIN POVERTY | $505 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
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|---|---|---|
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Next Concept Hr Association Formerly Northern Ca Human Resources San Francisco, CA | $0 | $2,714,009 |
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Tourism Fiji El Segundo, CA | $2,680,303 | $1,979,513 |
Aqua Maintenance Corporation Long Beach, CA | $2,561,204 | $1,812,473 |
Woodwork Institute Of California Sacramento, CA | $1,605,865 | $1,924,062 |
Rhs Corp Redlands, CA | $14,072,207 | $550,428 |