Friends Of Karen Inc
- Assets
- $6.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 33
- Location
- North Salem, NY
- Founding
- 09/1983
- Data as of
- 03/2022
- EIN
- 14-1612290
Organization Overview
Friends Of Karen Inc is located in North Salem, NY. The organization was established in 1983. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 03/2022, Friends Of Karen Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Karen Inc 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 03/2022, Friends Of Karen Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.0m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EMOTIONAL, FINANCIAL & ADVOCACY SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES & THEIR FAMILIES, IN ORDER TO HELP KEEP THEM STABLE, FUNCTIONING, & ABLE TO COPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY SUPPORT PROGRAM : IN 2021 FRIENDS OF KAREN PROVIDED EMOTIONAL, FINANCIAL AND PRACTICAL, DAY-TO-DAY SUPPORT FOR 1,289 CHILDREN WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES AND THEIR SIBLINGS (AND PARENTS). CHILDREN AND THEIR FAMILIES WERE REFERRED TO FRIENDS OF KAREN FROM 16 MAJOR HOSPITALS IN NEW YORK, NEW JERSEY AND CONNECTICUT WHERE CHILDREN ARE TREATED IN THE PEDIATRIC ONCOLOGY OR TRANSPLANT UNIT. FRIENDS OF KAREN EMBRACES THE NEEDS OF THE WHOLE FAMILY WHICH IS AFFECTED DEEPLY BY THE CONSEQUENCES OF THE CHILD'S ILLNESS. ITS COMPREHENSIVE SERVICES, INCLUDING SPECIAL SUPPORT FOR SIBLINGS (ONE-ON-ONE AND GROUP ZOOM SESSIONS PROVIDED FOR 152 SIBLINGS IN 2021), ARE PROVIDED AT NO COST TO FAMILIES. FRIENDS OF KAREN IS A PROGRAM THAT EXEMPLIFIES THE CURRENT STANDARDS OF CARE FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES. FRIENDS OF KAREN'S GIFT PROGRAMS OFFERED BIRTHDAY AND HOLIDAY GIFTS TO ILL CHILDREN AND THEIR SIBLINGS, AS WELL AS SCHOOL SUPPLIES AND OTHER ITEMS YEAR-ROUND. IN 2021 FRIENDS OF KAREN FULFILLED THE HOLIDAY WISHES OF 824 CHILDREN, AND DISTRIBUTE BACK-TO-SCHOOL GIFT CARDS AND SUPPLIES TO 625 CHILDREN, AS WELL AS BIRTHDAY GIFTS TO 757 CHILDREN. THE ORGANIZATION PROVIDED THANKSGIVING AND HOLIDAY MEALS AND SUPERMARKET GIFT CARDS AND EMERGENCY FUNDS FOR FOOD YEAR ROUND TO THE NEEDIEST FAMILIES.
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 |
|---|---|---|---|
Judith Factor Executive Director | Officer | 40 | $193,200 |
Rhonda Ryan Director Of Family Support | 40 | $116,357 | |
Theresa Sorrentino Director Of Finance & Admin | Officer | 40 | $104,879 |
Paul Smadbeck President | OfficerTrustee | 3 | $0 |
Richard Sgaglio Jr Vice President | OfficerTrustee | 2 | $0 |
Laura Salerno Evans Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $716,274 |
| Related organizations | $0 |
| Government grants | $443,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,865,496 |
| Noncash contributions included in lines 1a–1f | $354,937 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,025,317 |
| Total Program Service Revenue | $0 |
| Investment income | $120,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,735 |
| Net Income from Fundraising Events | $306,352 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,525,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,450,533 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,499 |
| Compensation of current officers, directors, key employees. | $36,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,494,037 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,739 |
| Payroll taxes | $136,856 |
| 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 | $17,839 |
| Fees for services: Other | $29,201 |
| Advertising and promotion | $0 |
| Office expenses | $302,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,842 |
| Travel | $2,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,803 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,624 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,957,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,740 |
| Savings and temporary cash investments | $36,282 |
| Pledges and grants receivable | $201,062 |
| 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 | $15,295 |
| Net Land, buildings, and equipment | $252,944 |
| Investments—publicly traded securities | $5,159,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,534 |
| Total assets | $6,402,198 |
| Accounts payable and accrued expenses | $123,343 |
| Grants payable | $0 |
| Deferred revenue | $166,849 |
| 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 | $290,192 |
| Net assets without donor restrictions | $5,775,576 |
| Net assets with donor restrictions | $336,430 |
| 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 | $6,402,198 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Karen Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
John And Janet Kornreich Charitable Foundation Ltd Old Westbury, NY PURPOSE: CHARITABLE | $65,000 |
Endowment Analysis
| Beg. Balance | $18,000 |
| Ending Balance | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detectives Endowment Association Retirees Health Benefits Fund New York, NY | $3,766,379 | $20,182,671 |
F A Bartlett Tree Expert Co Veba Health Benefits Plan Stamford, CT | $425,363 | $16,893,698 |
Guardians Of The Sick Inc Brooklyn, NY | $5,970,531 | $15,096,609 |
Primary Care Development Corporation New York, NY | $131,968,263 | $17,167,926 |
Phila Hospital And Health Care District Philadelphia, PA | $10,467,230 | $11,116,555 |
Supplemental Health Insurance Program New York, NY | $18,871,693 | $10,314,338 |
Community Health Care Association Of New York State Inc New York, NY | $3,005,957 | $10,507,423 |
Rochester General Health System Workers Compensation Trust Rochester, NY | $64,779,425 | $9,122,686 |
Pennsylvania Life And Health Insurance Guaranty Association Bala Cynwyd, PA | $31,198,315 | $342,282 |
T1d Exchange Inc Boston, MA | $15,898,353 | $12,562,518 |
Healthlinkny Inc Binghamton, NY | $4,803,344 | $8,971,239 |
Southampton Hospital Association Southampton, NY | $88,601,547 | $8,188,950 |