Karma House Inc
- Assets
- $116.7k
- Revenue
- $590.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- Data as of
- 12/2021
- EIN
- 85-3216470
Organization Overview
Karma House Inc is located in Lakewood, CO. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Karma House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE LIVES OF OUR GUESTS AND DONATE PROCEEDS TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO IMPROVE THE LIVES OF OUR GUESTS AND DONATE PROCEEDS TO LOCAL CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Gnieski Treasurer | Trustee | 30 | $0 |
Molly Paige Foundation Mgr. | Trustee | 40 | $0 |
Nick Gnieski President | Trustee | 40 | $0 |
Deonna Lupola Secretary | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $590,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,257 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,202 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $187,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,913 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $619,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $89,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,676 |
| Accounts payable and accrued expenses | $13,483 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $137,281 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $150,764 |
| Net assets without donor restrictions | -$34,088 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $116,676 |
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|---|---|---|
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Sunshine Acres Childrens Home Charitable Foundation Inc Mesa, AZ | $38,105,629 | $1,343,815 |
The Mariinsky Foundation Of America Inc Phoenix, AZ | $261,174 | $246,717 |
Karma House Inc Lakewood, CO | $116,676 | $590,257 |
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Coloradan Community Foundation Denver, CO | $302,390 | $131,750 |
Rotary International Scottsdale, AZ | $69,914 | $0 |
Sovrin Foundation Salt Lake City, UT | $29,914 | $90,718 |
Ellinwood Community Foundation Ellinwood, KS | $1,400,735 | $50,291 |
Las Vegas New Mexico Community Foundation Las Vegas, NM | $267,007 | $274,528 |