Karetsky Family Memorial Fund & Seth Karn Foundation
- Assets
- $396.0k
- Revenue
- $31.5k
- Investments
- $367.5k
- Employees
- 0
- Location
- Aspen, CO
- Founding
- 04/1992
- Data as of
- 03/2023
- EIN
- 84-1193115
Organization Overview
Karetsky Family Memorial Fund & Seth Karn Foundation is located in Aspen, CO. The organization was established in 1992. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Karetsky Family Memorial Fund & Seth Karn 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 03/2023, Karetsky Family Memorial Fund & Seth Karn Foundation generated $31.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $39.4k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Karetsky Family Memorial Fund & Seth Karn Foundation has awarded 37 individual grants totaling $328,356. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER 501(C)(3) EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Andres President | 0 | $0 | |
Geraldine Karetsky Treasurer | 0 | $0 | |
Robert Karetsky Vice-Pres | 0 | $0 | |
Andrew Karetsky Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,092 |
| Interest on Savings | $7 |
| Dividends & Interest | $11,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $31,459 |
| 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 | $0 |
| Contributions, gifts, grants paid | $39,385 |
| Total expenses and disbursements | $39,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,528 |
| Savings and temporary cash investments | $0 |
| 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 | $367,504 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $396,032 |
| 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, Karetsky Family Memorial Fund & Seth Karn Foundation has awarded $39,385 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN MUSIC FESTIVAL PURPOSE: GENERAL | $8,500 |
OREGON SYMPHONY PURPOSE: GENERAL | $8,000 |
ASPEN PUBLIC RADIO PURPOSE: GENERAL | $14,000 |
STAND FOR CHILDREN PURPOSE: GENERAL | $5,250 |
VARIOUS PURPOSE: GENERAL | $3,635 |