Karsten Family Foundation Inc
- Assets
- $461.8k
- Revenue
- $80.7k
- Investments
- $400.0k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- Data as of
- 12/2021
- EIN
- 84-4036992
Organization Overview
Karsten Family Foundation Inc is located in Fort Worth, TX. 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. Karsten Family Foundation Inc 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, Karsten Family Foundation Inc generated $80.7k 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 (59.8%) each year. All expenses for the organization totaled $89.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE MOBILIZES RESOURCES AND CONNECTS DONORS, VOLUNTEERS AND TEAMS HERE IN CANADA WITH OPPORTUNITIES TO FUEL LASTING CHANGE AROUND THE WORLD. WORKING IN 16 COUNTRIES WITH A FOCUS ON CLEAN WATER, FOOD SECURITY AND LIVELIHOODS TOGETHER WE EQUIP AND EMPOWER POSSIBILITY FOR FAMILIES THROUGH APPROACHES THAT ARE RESILIENT, COMMUNITY-LED AND SUSTAINABLE.
PROVIDE MANY SERVICES IN ORDER TO ASSIST OUR RESIDENTS WITH THEIR GOALS INCLUDING A SAFE HOME, PREGNANCY CARE, COUNSELING, EDUCATION, LIFE SKILLS TRAINING, SPECIAL ISSUE ASSISTANCE, SPIRITUAL MINISTRY AND RESOURCE FAMILIES USING OUR FOUR PHASED APPROACH TO SUCCESSFUL SELF-SUSTAINED LIVING.
POINT STUDENTS TO JESUS SO THEY CAN KNOW HIM, LOVE HIM, WALK IN SURRENDER TO HIM AND BE EQUIPPED TO POINT OTHERS TO HIM ALSO.
TO IMPACT THE LIFE OF A CHILD BY EMPOWERING MOMS TO GROW MENTALLY, SPIRITUALLY AND PHYSICALLY, TO LIVE A LIFE FREE OF CRISIS AND WALK OUT OF GENERATIONAL POVERTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Karsten President | 2 | $0 | |
Mattie Karsten Rice Secretary | 1 | $0 | |
Kimberly Karsten Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,653 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,000 |
| 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 | $80,653 |
| 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 | $102 |
| Total operating and administrative expenses | $102 |
| Contributions, gifts, grants paid | $89,590 |
| Total expenses and disbursements | $89,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,759 |
| 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 | $400,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $461,759 |
| 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, Karsten Family Foundation Inc has awarded $89,590 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Lancaster, PA PURPOSE: TO FIGHT GLOBAL POVERTY | $75,060 |
Colleyville, TX PURPOSE: TO CREATE A REFUGE THAT IS DEDICATED TO THE EMOTIONAL AND SPIRITUAL SUPPORT OF THE NEWLY DEVELOPING FAMILY. | $5,600 |
FORT WORTH KLIFE PURPOSE: MINISTRIES RESOURCES | $3,000 |
JUSTINS PLACE PURPOSE: TO EMPOWER SINGLE WOMEN | $2,000 |
PRINCESS PROMISE PURPOSE: MINISTRIES RESOURCES | $1,500 |
UNION GOSPEL MISSION PURPOSE: CONTRIBUTIONS FOR THE HOMELESS | $630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |