Karas Family Foundation
- Assets
- $97.6k
- Revenue
- $3.7k
- Investments
- $87.5k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-6611238
Organization Overview
Karas Family Foundation is located in Seattle, WA. The organization was established in 2006. 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. Karas 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.
For the year ending 12/2022, Karas Family Foundation generated $3.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $28.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Karas Family Foundation has awarded 182 individual grants totaling $200,697. 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.
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 |
|---|---|---|---|
Lisa M Frackiewicz Trustee | 0 | $0 | |
Anthony J Karas Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $2,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,694 |
| Capital Gain Net Income | $1,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $199 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $305 |
| Total operating and administrative expenses | $3,467 |
| Contributions, gifts, grants paid | $25,371 |
| Total expenses and disbursements | $28,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,172 |
| 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 | $97,639 |
| 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, Karas Family Foundation has awarded $25,371 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
HOLT INTERNATIONAL CHILDREN'S SERVICES PURPOSE: CHILD SERVICES | $351 |
PHILLIPS BROOKS SCHOOL PURPOSE: EDUCATIONPOVERTY | $1,000 |
GFM PURPOSE: HEALTH | $262 |
DUKE UNIVERSITY PURPOSE: EDUCATIONEDUCATION | $5,000 |
GLOBE SANTA FUND PURPOSE: CHILDREN | $1,000 |
FRED HUTCHINSON CANCER RESEARCH CENTER PURPOSE: MEDICAL RESEARCH | $1,500 |