Harvey Karp Foundation
- Assets
- $2.2m
- Revenue
- $245.5k
- Investments
- $1.9m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 11/1968
- Data as of
- 06/2024
- EIN
- 13-2621240
Organization Overview
Harvey Karp Foundation is located in Beverly Hills, CA. The organization was established in 1968. 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. Harvey Karp 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 06/2024, Harvey Karp Foundation generated $245.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $232.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Harvey Karp Foundation has awarded 92 individual grants totaling $1,544,461. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey L Karp President | 5 | $0 | |
Nicholas R Karp Vp, Asst Secretry & Asst Treas | 2 | $0 | |
David A Karp Vice President/secretary | 2 | $0 | |
Patricia H Karp Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $66,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $179,296 |
| Capital Gain Net Income | $179,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $245,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $517 |
| Total operating and administrative expenses | $5,925 |
| Contributions, gifts, grants paid | $227,000 |
| Total expenses and disbursements | $232,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,049 |
| Savings and temporary cash investments | $201,889 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,174,414 |
| Accounts payable and accrued expenses | $2,908 |
| 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 | $2,908 |
Grants Awarded
Over the last fiscal year, Harvey Karp Foundation has awarded $227,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
THE UCLA FOUNDATION PURPOSE: TO AID THE GENERAL CHARITABLE PURPOSE OF THE ORGANIZATION | $10,000 |
CENTER FOR INDIVIDUAL RIGHTS PURPOSE: TO AID THE GENERAL CHARITABLE PURPOSE OF THE ORGANIZATION | $5,000 |
THE HERITAGE FOUNDATION PURPOSE: TO HELP ORG. FULFILL ITS CHARITABLE PURPOSE | $15,000 |
THE CO2 COALITION PURPOSE: TO AID THE GENERAL CHARITABLE PURPOSE OF THE ORGANIZATION | $20,000 |
HOOVER INSTITUTION PURPOSE: TO HELP ORG. IN ITS EXEMPT FUNCTION | $5,000 |
ROCKEFELLER UNIVERSITY PURPOSE: TO HELP ORG. IN ITS EXEMPT FUNCTION | $100,000 |