Karyae Benevolent Foundation
- Assets
- $474.4k
- Revenue
- $20.0k
- Investments
- $462.6k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 10/1965
- Data as of
- 12/2023
- EIN
- 56-6058576
Organization Overview
Karyae Benevolent Foundation is located in Charlotte, NC. The organization was established in 1965. 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. Karyae Benevolent Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Karyae Benevolent Foundation has awarded 183 individual grants totaling $120,800. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS/PAYMENTS FOR ASSISTANCE TO INDIGENT FAMILIES, INDIVIDUAL PERSON'S MEDICAL NEEDS, AND/OR HANDICAPPED CHILDREN
SCHOLARSHIPS GRANTED TO ELIGIBLE INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo Mergelos Treasurer | 1 | $0 | |
Jamie Tsoulos Jones Vice President | 1 | $0 | |
Helen Moffat Secretary | 1 | $0 | |
Elaine Vastis Conti President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,064 |
| Dividends & Interest | $16,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$652 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $188 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $226 |
| Total operating and administrative expenses | $5,670 |
| Contributions, gifts, grants paid | $18,400 |
| Total expenses and disbursements | $24,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,822 |
| 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 | $474,442 |
| 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, Karyae Benevolent Foundation has awarded $18,400 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ANDRIAN MAHAIRAS PURPOSE: EDUCATIONAL SCHOLARSHIP | $800 |
DEMETRA KARRES PURPOSE: EDUCATIONAL SCHOLARSHIP | $800 |
DOMINIC DIATZIKIS PURPOSE: EDUCATIONAL SCHOLARSHIP | $800 |
GENA ANDERSON PURPOSE: EDUCATIONAL SCHOLARSHIP | $800 |
ELEFTERIA EURIPIDES PURPOSE: EDUCATIONAL SCHOLARSHIP | $800 |
WILLIAM JEFFREY DARLEY PURPOSE: EDUCATIONAL SCHOLARSHIP | $800 |