A Karnavas Foundation
- Assets
- $116.4k
- Revenue
- $6.1k
- Investments
- $39.9k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/1968
- Data as of
- 06/2023
- EIN
- 25-1197658
Organization Overview
A Karnavas Foundation is located in Pittsburgh, PA. 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. A Karnavas 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 06/2023, A Karnavas Foundation generated $6.1k 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 (3.6%) each year. All expenses for the organization totaled $13.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE PROVIDED TO FIVE PUBLIC CHARITIES. SEE SCHEDULE ATTACHED.
ONE EDUCATIONAL SCHOLARSHIP WAS GRANTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew G Karnavas President | 2 | $0 | |
Emily J Karnavas Secretary | 1 | $0 | |
Andrew G Karnavas Treasurer | 1 | $0 | |
Andrew G Karnavas Director | 1 | $0 | |
Emily J Karnavas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104 |
| Interest on Savings | $295 |
| Dividends & Interest | $5,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $67 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29 |
| Total operating and administrative expenses | $1,196 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $13,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,515 |
| Savings and temporary cash investments | $71,484 |
| 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 | $496 |
| Total assets | $116,393 |
| Accounts payable and accrued expenses | $3,574 |
| 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 | $3,574 |
Grants Awarded
Over the last fiscal year, A Karnavas Foundation has awarded $12,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
THE WATSON INSTITUTE PURPOSE: HEALTHCARE | $500 |
LIFESTEPS INC PURPOSE: HEALTHCARE | $1,000 |
BEAVER COUNTY REHABILATION CENTER PURPOSE: HEALTHCARE | $6,675 |
GAPA PURPOSE: EDUCATION SCHOLARSHIP | $2,000 |
NEW HORIZON SCHOOL PURPOSE: EDUCATONAL | $1,000 |
LAUGHLIN MEMORIAL LIBRARY PURPOSE: EDUCATION | $825 |