Karisma Foundation
- Assets
- $7.0m
- Revenue
- $642.6k
- Investments
- $6.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 20-1982120
Organization Overview
Karisma Foundation is located in Los Angeles, CA. The organization was established in 2005. 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. Karisma 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 06/2022, Karisma Foundation generated $642.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $680.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Karisma Foundation has awarded 133 individual grants totaling $3,823,808. 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 |
|---|---|---|---|
John C Bedrosian Director/pr | 0 | $0 | |
Ted Coyne Director/sec | 0 | $0 | |
Karen Bedrosian Coyne CFO | 0 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,152 |
| Dividends & Interest | $167,819 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $446,603 |
| Capital Gain Net Income | $446,603 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $642,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,467 |
| Interest | $0 |
| Taxes | $22,425 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,022 |
| Total operating and administrative expenses | $270,843 |
| Contributions, gifts, grants paid | $410,000 |
| Total expenses and disbursements | $680,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,084 |
| Savings and temporary cash investments | $222,630 |
| 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 | $45 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,036,486 |
| 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, Karisma Foundation has awarded $410,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
IMAGINE LA PURPOSE: TO SUPPORT ESTABLISHED CHARITY | $50,000 |
PEACE4KIDS PURPOSE: TO SUPPORT ESTABLISHED CHARITY | $50,000 |
FACING HISTORY AND OURSELVES PURPOSE: TO SUPPOT ESTABLISHED CHARITIES | $25,000 |
REGENTS OF UNIVERSITY OF CALIFORNIA PURPOSE: TO SUPPORT ESTABLISHED CHARITIES | $25,000 |
THE CHILDREN'S CABINET PURPOSE: TO SUPPORT ESTABLISHED CHARITIES | $10,000 |
826LA PURPOSE: TO SUPPORT ESTABLISHED CHARITY | $50,000 |