Karuna Foundation
- Assets
- $474.9k
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Niwot, CO
- Founding
- Data as of
- 12/2021
- EIN
- 85-4026412
Organization Overview
Karuna Foundation is located in Niwot, CO. According to its NTEE Classification (D01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karuna Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Karuna Foundation has awarded 30 individual grants totaling $4,105,630. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING THE WELLBEING OF ANIMALS, OUR NATURAL ENVIRONMENT AND ALL GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS AND LOANS TO ORGANIZATIONS THAT ADVOCATE THE WELLBEING OF ANIMALS.
FISCAL SPONSORSHIP OF MISSION-ALIGNED CHARITABLE INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaleen Shah Executive Director | Officer | 15 | $0 |
Shilpi Shah President/ Treasurer | Trustee | 2 | $0 |
Nikki Bollaert Secretary | Trustee | 2 | $0 |
Patricia Kowalewski Director | Trustee | 2 | $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 | $18,292,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,292,140 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $18,292,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,122,130 |
| Grants and other assistance to domestic individuals. | $272,408 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,101,181 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,750 |
| Fees for services: Accounting | $13,247 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296,675 |
| Advertising and promotion | $0 |
| Office expenses | $368 |
| Information technology | $1,569 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $17,827,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,792 |
| 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 | $28,086 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,878 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $474,878 |
| 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 | $474,878 |
Grants Awarded
Over the last fiscal year, Karuna Foundation has awarded $4,105,630 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: Advocate for the wellbeing of animals. | $1,291,000 |
Washington, DC PURPOSE: Advocate for the wellbeing of animals. | $525,000 |
Lawrenceville, GA PURPOSE: Advocate for the wellbeing of animals. | $300,000 |
EFFECT PARTNERS FBO VEGAN STRONG PURPOSE: Advocate for the wellbeing of animals. | $280,900 |
Portland, OR PURPOSE: Advocate for the wellbeing of animals. | $248,000 |
Skyland, NC PURPOSE: Advocate for the wellbeing of animals. | $231,259 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Karuna Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Max And Bella Stein Charitable Trust Wayne, PA PURPOSE: GENERAL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Karuna Foundation Niwot, CO | $474,878 | $18,292,145 |
Safari Club International Tucson, AZ | $16,509,890 | $11,170,458 |
Wyoming Wildlife Federation Lander, WY | $35,398 | $541,529 |
Bounce Animal Rescue Fort Collins, CO | $43,060 | $415,903 |
Pawsitive Tails Inc Olathe, KS | $27,789 | $405,708 |
Wyoming Wilderness Association Sheridan, WY | $1,132,585 | $1,072,659 |
La Gattara Inc Phoenix, AZ | $49,855 | $398,758 |
Open Sanctuary Project Inc Niwot, CO | $160,794 | $321,268 |
Celestial Zoo Pet Rescue Eagle Mountain, UT | $3,850 | $235,224 |
Altus Animal Welfare Association Altus, OK | $170,735 | $67,753 |
Pax Fauna Boulder, CO | $48,352 | $0 |
Gila Herd Foundation Of Arizona Payson, AZ | $952 | $0 |