Karam Foundation Nfp
- Assets
- $4.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Lake Forest, IL
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 37-1548241
Organization Overview
Karam Foundation Nfp is located in Lake Forest, IL. The organization was established in 2008. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Karam Foundation Nfp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karam Foundation Nfp 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 12/2021, Karam Foundation Nfp generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 14.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KARAM FOUNDATION IS DEDICATED TO HELP PEOPLE HELP THEMSELVES. WE SEEK TO RESTORE THE DIGNITY AND QUALITY OF LIFE FOR PEOPLE AFFECTED BY CONFLICT BY ELIMINATING BARRIERS TO SUCCESS THROUGH INNOVATIVE EDUCATION, ENTREPRENEURIAL DEVELOPMENT, AND COMMUNITY-DRIVEN AID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING LEADERS: OUR PROGRAMS EMPOWERING REFUGEE YOUTH AND PARENTS TO CREATE MULTIPLE PATHWAYS TO LEADERSHIP. FROM INNOVATIVE EDUCATION INITIATIVES FOR REFUGEE TEENS TO AWARENESS PROGRAMS FOR MOTHERS AND FATHERS, OUR PROGRAMS ARE DESIGNED TO PROVIDE ALL-ENCOMPASSING SUPPORT. WE RESPOND TO THE BARRIERS THAT SYRIAN REFUGEES FACE BY RELIEVING BURDENS NOW, AS WELL AS ALLOWING FOR OPPORTUNITIES TO BUILD FOR THE FUTURE.TRANSFORMING COMMUNITIES: INVESTING IN THE HEALTH AND RESILIENCE OF REFUGEE SYRIAN FAMILIES AROUND THE WORLD ALLOWS THEM TO THRIVE AND BECOME PROACTIVE COMMUNITY MEMBERS. FROM TARGETED SUPPORT TO NEWLY-SETTLED REFUGEES TO EMERGENCY RELIEF IN TIMES OF CRISIS, WE ENSURE THAT NO FAMILIES ARE RENDERED VICTIMS TO THEIR CIRCUMSTANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lina Sergie Attar CEO & Founder | OfficerTrustee | 40 | $94,458 |
Mamak Shahbazi Vice Chair | OfficerTrustee | 5 | $0 |
Aya Samman Secretary | OfficerTrustee | 2 | $0 |
Rasha Mansouri Board Chair | OfficerTrustee | 5 | $0 |
Razan Massarani Treasurer | OfficerTrustee | 2 | $0 |
John Ofarrell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,271 |
| Related organizations | $0 |
| Government grants | $112,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,595,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,832,539 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,840,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,599 |
| Grants and other assistance to domestic individuals. | $200 |
| Grants and other assistance to Foreign Orgs/Individuals | $581,676 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,458 |
| Compensation of current officers, directors, key employees. | $7,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $835,777 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,571 |
| Payroll taxes | $110,687 |
| 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 | $350,957 |
| Advertising and promotion | $0 |
| Office expenses | $54,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,257 |
| Travel | $46,810 |
| 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 | $78,075 |
| Insurance | $4,901 |
| All other expenses | $0 |
| Total functional expenses | $2,549,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,609,312 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,438,759 |
| 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 | $12,030 |
| Prepaid expenses and deferred charges | $24,373 |
| Net Land, buildings, and equipment | $147,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,231,584 |
| Accounts payable and accrued expenses | $22,017 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,837 |
| Total liabilities | $24,854 |
| Net assets without donor restrictions | $2,179,810 |
| Net assets with donor restrictions | $2,026,920 |
| 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 | $4,231,584 |
Grants Awarded
Over the last fiscal year, Karam Foundation Nfp has awarded $16,530 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: General support | $8,265 |
Chicago, IL PURPOSE: General support | $8,265 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Karam Foundation Nfp has recieved totaling $968,345.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $263,811 |
Shapiro Foundation Needham, MA PURPOSE: EDUCATION | $196,855 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $105,250 |
Sobecki Family Foundation Jackson, WY PURPOSE: HELPING THE REFUGEES OF SYRIA | $101,300 |
Schooner Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $100,028 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $46,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quad Cities Golf Classic Charitable Foundation East Moline, IL | $5,926,812 | $12,981,935 |
Jewel Nail Bomar Trust 8336230300 Chicago, IL | $101,133,335 | $15,350,534 |
Harrison County Community Foundation Support Organ Inc Corydon, IN | $251,226,152 | $18,808,603 |
Pious Projects Of America Bridgeview, IL | $2,395,968 | $8,177,090 |
William R Orthwein Jr And Laura Rand Orthwein Foundation Inc St Louis, MO | $73,594,056 | $14,006,042 |
Worth County Development Authority Northwood, IA | $8,240,749 | $6,157,684 |
Wayfarer Foundation Highland Park, IL | $333,654 | $4,731,977 |
Washington County Riverboat Foundation Washington, IA | $2,209,057 | $4,844,569 |
Royals Charities Inc Kansas City, MO | $948,636 | $2,777,032 |
Fond Du Lac Area Foundation Fond Du Lac, WI | $72,661,560 | $12,050,578 |
Karam Foundation Nfp Lake Forest, IL | $4,231,584 | $2,840,038 |
Pillars Fund Chicago, IL | $11,143,935 | $11,056,329 |