Kara Family Foundation is located in Fort Wayne, IN. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Kara Family 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, Kara Family Foundation generated $451.7k in total revenue. All expenses for the organization totaled $238.5k during the year ending 12/2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Firas Kara Trustee | 2 | $0 | |
Alia Natafgi Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $200,000 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $21,508 |
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 | $451,705 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $37,550 |
Taxes | $69,930 |
Depreciation | $120,873 |
Occupancy | $1,832 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $12 |
Total operating and administrative expenses | $230,197 |
Contributions, gifts, grants paid | $8,300 |
Total expenses and disbursements | $238,497 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $406,198 |
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 | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $938,996 |
Other assets | $0 |
Total assets | $1,345,194 |
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 | $1,028,974 |
Other liabilities | $4,373 |
Total liabilities | $1,033,347 |
Over the last fiscal year, Kara Family Foundation has awarded $8,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SMILE YOUNITED PURPOSE: ASSIST REFUGEES IN TURKEY | $6,000 |
LIGHTHOUSE PEACE INITIATIVE PURPOSE: AID TO SYRIAN REFUGEES | $2,000 |
Organization Name | Assets | Revenue |
---|---|---|
Lesea Global Feed The Hungry Inc South Bend, IN | $8,955,303 | $44,845,049 |
Terra Foundation For American Art Chicago, IL | $631,506,305 | $28,063,083 |
Johnny Morris Foundation Springfield, MO | $120,561,207 | $600,000 |
Roderick And Solange Macarthur Justice Center Niles, IL | $137,820,704 | $9,175,098 |
John C Proctor Endowment Peoria, IL | $3,704,865 | $6,462,862 |
Collective Impact Network Saint Louis, MO | $21,375,860 | $4,592,347 |
Land Conservation Trust Of Southern Illinois Chicago, IL | $0 | $8,667,779 |
Center To Combat Human Trafficking Decatur, IL | $69,172,505 | $43,496,794 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Fmc Aquatic Opportunities Chicago, IL | $22,984,375 | $1,955,015 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Drumm Center For Children Inc Independence, MO | $21,203,192 | $3,719,217 |