Leona Karp Family Foundation
- Assets
- $468.8k
- Revenue
- -$107.0
- Investments
- $464.1k
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 04-6636905
Organization Overview
Leona Karp Family Foundation is located in Framingham, MA. The organization was established in 1990. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Leona Karp 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan B Stone Trustee | 1 | $0 | |
Charles S Karp Trustee | 1 | $0 | |
Nancy R Karp Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,231 |
| Dividends & Interest | $540 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,878 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,170 |
| Total operating and administrative expenses | $4,551 |
| Contributions, gifts, grants paid | $26,000 |
| Total expenses and disbursements | $30,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,691 |
| 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 | $464,123 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $468,814 |
| 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, Leona Karp Family Foundation has awarded $26,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDEIS UNIVERSITY - FELDBERG LOUNGE PROJECT PURPOSE: TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3) | $6,000 |
SIMMONS COLLEGE PURPOSE: TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3) | $6,000 |
TRUSTEES OF TUFTS COLLEGE PURPOSE: TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3) | $6,000 |
THE GREATER BOSTON FOOD BANK PURPOSE: TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3) | $3,000 |
JEWISH FAMILY AND CHILDREN'S SERVICE PURPOSE: TO FURTHER THE ACTIVITIES FOR WHICH IT WAS ACCORDED TAX EXEMPT STATUS UNDER 501(C)(3) | $5,000 |