Karen Society Of Buffalo Inc
- Assets
- $103.4k
- Revenue
- $217.3k
- Investments
- $0.0
- Employees
- 12
- Location
- Buffalo, NY
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 32-0457304
Organization Overview
Karen Society Of Buffalo Inc is located in Buffalo, NY. The organization was established in 2015. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Karen Society Of Buffalo Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karen Society Of Buffalo 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 12/2022, Karen Society Of Buffalo Inc generated $217.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $212.7k during the year ending 12/2022. 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
KAREN SOCIETY OF BUFFALO, INC. (THE ORGANIZATION") IS A GRASSROOTS COMMUNITY-BASED ORGANIZATION SEEKING TO ENHANCE THE QUALITY OF LIFE AND TO CULTIVATE THE SELF-SUFFICIENCY OF IMMIGRANTS FROM BURMA, WHILE PRESERVING AND SHARING OUR CULTURAL HERITAGE. IN ADDITION TO CONVENING COMMUNITY-WIDE CULTURAL EVENTS, KAREN SOCIETY OF BUFFALO (KSB) PROVIDES CASE MANAGEMENT AND YOUTH PROGRAMMING TO ADDRESS VULNERABLE NEEDS WITHIN THEIR COMMUNITY. KSB PRIMARILY SERVES IMMIGRANT POPULATIONS FROM BURMA AND THEIR FAMILIES LIVING IN BUFFALO, NY, INCLUDING KAREN, BURMESE, CHIN, AND KARENNI SPEAKING CLIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KAREN SOCIETY ORGANIZES A BUFFALO YOUTH PROGRAM FOR THE COMMUNITY.
BEGINNING IN 2021, THE ORGANIZATION HAS ACQUIRED A FEW GRANTS TO HELP FURTHER OUR SUPPORT IN THE COMMUNITY. THIS SMALL INITIATIVE OFFERS GENERAL SUPPORT RANGING FROM ASSISTING COMMUNITY MEMBERS WITH INTERPRETING/TRANSLATION SERVICE, EMPLOYMENT SUPPORT, ISSUES THAT MEMBERS CANNOT NAVIGATE ON THEIR OWN ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Leong President | OfficerTrustee | 1 | $0 |
David Htoo Vice President | OfficerTrustee | 1 | $0 |
Thmwee Paw Secretary | OfficerTrustee | 1 | $0 |
Myungsun Kim Treasurer (july 2022 - Current) | OfficerTrustee | 1 | $0 |
Virginia Barron Member | Trustee | 1 | $0 |
Kim Griswold Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,358 |
| Total Program Service Revenue | $4,135 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,325 |
| Compensation of current officers, directors, key employees. | $5,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,935 |
| 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 | $0 |
| Fees for services: Other | $29,363 |
| Advertising and promotion | $0 |
| Office expenses | $1,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,470 |
| Travel | $2,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,205 |
| Insurance | $6,758 |
| All other expenses | $3,635 |
| Total functional expenses | $212,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,777 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,622 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,410 |
| Accounts payable and accrued expenses | $7,512 |
| Grants payable | $0 |
| Deferred revenue | $21,000 |
| 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 | $28,512 |
| Net assets without donor restrictions | $71,898 |
| Net assets with donor restrictions | $3,000 |
| 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 | $103,410 |