Karma 4 Change Foundation
- Assets
- $285.6k
- Revenue
- $21.4k
- Investments
- $275.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 11/2023
- EIN
- 46-3865588
Organization Overview
Karma 4 Change Foundation is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karma 4 Change 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 11/2023, Karma 4 Change Foundation generated $21.4k 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 (11.8%) each year. All expenses for the organization totaled $34.0k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Karma 4 Change Foundation has awarded 48 individual grants totaling $106,880. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Chudom Pres, Dir, Sec, Treas | 1 | $0 | |
Kena Pastore Vp, Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $6,839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,470 |
| Capital Gain Net Income | $14,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,914 |
| Total operating and administrative expenses | $9,086 |
| Contributions, gifts, grants paid | $24,900 |
| Total expenses and disbursements | $33,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,064 |
| 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 | $285,552 |
| 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, Karma 4 Change Foundation has awarded $24,900 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
261 FEARLESS INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
A BETTER CHICAGO PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
IMPACT GRANTS CHICAGO PURPOSE: GENERAL & UNRESTRICTED | $2,200 |
HINSDALE HUMANE SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
ANN & ROBERT H LURIE CHILDRENS HOSPITAL OF CHICAGO PURPOSE: 2023 LURIE CHILDREN'S MARATHON TEAM PAGE | $1,200 |
CHILDRENS CANCER RESEARCH FUND PURPOSE: GENERAL & UNRESTRICTED | $1,000 |