Karamu Nutrition Program
- Assets
- $1.1m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Memphis, TN
- Founding
- 05/1995
- Data as of
- 09/2023
- EIN
- 62-1510796
Organization Overview
Karamu Nutrition Program is located in Memphis, TN. The organization was established in 1995. According to its NTEE Classification (K40) the organization is classified as: Nutrition, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Karamu Nutrition Program employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karamu Nutrition Program 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 09/2023, Karamu Nutrition Program generated $7.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.9m during the year ending 09/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE REIMBURSEMENT FOR CHILD AND ADULT CARE FOOD PROGRAM CLAIMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD AND ADULT CARE FOOD PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Vera Corley-Sims Executive Director | OfficerTrustee | 40 | $102,620 |
Tony L Corley President | OfficerTrustee | 40 | $58,628 |
Earl Johnson Director | Trustee | 1 | $0 |
Charles Taylor Director | Trustee | 1 | $0 |
Tyrone Bennett Chairman | Trustee | 1 | $0 |
Shasta Blue 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 | $24,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,602 |
| Total Program Service Revenue | $7,842,751 |
| 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 | $7,867,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,067,966 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,208 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,937 |
| Payroll taxes | $37,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,714 |
| Fees for services: Accounting | $6,880 |
| 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 | $65,168 |
| Travel | $26,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,343 |
| Insurance | $4,211 |
| All other expenses | $0 |
| Total functional expenses | $7,924,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,544 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $820,826 |
| Accounts receivable, net | $3,475 |
| 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 | $35,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,964 |
| Total assets | $1,143,739 |
| Accounts payable and accrued expenses | $706,670 |
| 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 | $117,578 |
| Total liabilities | $824,248 |
| Net assets without donor restrictions | $319,491 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,143,739 |