Karma For Cara Inc
- Assets
- $224.6k
- Revenue
- $55.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-2818826
Organization Overview
Karma For Cara Inc is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karma For Cara 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, Karma For Cara Inc generated $55.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $57.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Karma For Cara Inc has awarded 28 individual grants totaling $506,667. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.TO PROMOTE AND TEACH VOLUNTEERISM AND COMMUNITY LEADERSHIP TO YOUTH AND TO ASSIST LEUKEMIA AND CANCER PATIENTS TO INCREASE THEIR HOPE, QUALITY OF LIFE, AND ABILITY TO GET HEALTHY BY CONDUCTING ACTIVITIES IN A MANNER CONSISTENT WITH THE CORPORATION'S STATUS AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND CONTRIBUTIONS WHICH ARE DEDUCTIBLE UNDER SECTIONS 170 (C)(2), 2055 (A)(2) OF THE INTERNAL REVENUE CODE OF 1986.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED TO LIVING CLASSROOMS FOUNDATION - A FOUNDATION THAT INSPIRES YOUNG PEOPLE TO ACHIEVE THEIR POTENTIAL THROUGH HANDS-ON EDUCATION AND JOB TRAINING, USING URBAN, NATURAL AND MARITME RESOURCES AS "LIVING CLASSROOMS".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Becker President | OfficerTrustee | 3 | $0 |
Mats Lederhausen Secretary | OfficerTrustee | 1 | $0 |
John Miller Director | Trustee | 1 | $0 |
Jill Becker Director | OfficerTrustee | 10 | $0 |
Margot Lessans Director | 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 | $55,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,473 |
| Total Program Service Revenue | $0 |
| Investment income | $254 |
| 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 | $55,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,626 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $57,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,411 |
| Savings and temporary cash investments | $220,148 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $224,559 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $224,559 |
| Total liabilities and net assets/fund balances | $224,559 |
Grants Awarded
Over the last fiscal year, Karma For Cara Inc has awarded $0 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING CLASSROOMS FOUNDATION PURPOSE: A FOUNDATION THAT INSPIRES YOUNG PEOPLE TO ACHIEVE THEIR POTENTIAL THROUGH HANDS-ON EDUCATION AND JOB TRAINING, USING URBAN, NATURAL AND MARITIME RESOURCES AS "LIVING CLASSROOMS'. | $0 |
HORIZON DAY CAMP PURPOSE: A FULL-TIME SUMMER CAMP FOR CHILDREN WITH CANCER AND THEIR SIBLINGS. | $0 |
THE JOHNS HOPKINS HOSPITAL PURPOSE: TO SUPPORT CANCER RESEARCH CONDUCTED BY DR. MICHAEL HIBLER OF THE KIMMEL CANCER CENTER. | $0 |
KENNEDY KRIEGER INSTITUTE PURPOSE: TO AWARD A PERSON UNDER THE AGE OF 18 WHO FUNDRAISES THE MOST MONEY IN RELATION TO ROAR FOR KIDS. | $0 |