Good Karma I Foundation
- Assets
- $2.5m
- Revenue
- $50.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Port Charlotte, FL
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 90-0892456
Organization Overview
Good Karma I Foundation is located in Port Charlotte, FL. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Karma I 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 12/2022, Good Karma I Foundation generated $50.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $142.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Good Karma I Foundation has awarded 46 individual grants totaling $354,122. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Amiel President | 20 | $50,000 | |
Marcus Lambert Secretary | 5 | $0 | |
Marcus Lambert Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,215 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,249 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,002 |
| Total operating and administrative expenses | $92,822 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $142,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,506 |
| 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 | $2,485,275 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,498,781 |
| 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, Good Karma I Foundation has awarded $50,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BOXER RESCUE ANGELS OF FL PURPOSE: PROVIDING CARE AND SHELTER FOR ANIMALS IN NEED | $2,000 |
CFVI - CANCER SUPPORT PURPOSE: TO SUPPORT CANCER PATIENTS AND RESEARCH. | $6,000 |
FAMILY RESOURCE CENTER PURPOSE: SUPPORT THE DEVELOPMENT OF STRONG COMMUNITIES OF SUPPORT FOR PARENTS AND CAREGIVERS. | $2,000 |
HUMANE SOCIETY OF ST THOMAS 67-0254280 PURPOSE: ADVOCATING FOR & PROVIDING CARE FOR ANIMALS HUMANELY. | $2,000 |
NANA BABY HOME PURPOSE: NBH HAS PROVIDED A SAFE HAVEN FOR CHILDREN WHO ARE IN CRISIS BY PROVIDING 24-HOUR CARE. | $2,000 |
OFF THE ROCKS ANIMAL RESCUE INC 82-4438918 PURPOSE: PROVIDING CARE AND SHELTER FOR ANIMALS IN NEED | $2,000 |