Karp Family Foundation
- Assets
- $41.2k
- Revenue
- $187.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-2432655
Organization Overview
Karp Family Foundation is located in Pittsburgh, PA. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Karp Family 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 12/2022, Karp Family Foundation generated $187.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $205.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Karp Family Foundation has awarded 69 individual grants totaling $1,249,042. 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 |
|---|---|---|---|
Simone F Karp President, Secretary, Trea | 1 | $0 | |
Emily Perlow Vice President | 1 | $0 | |
Marissa Karp Vice President | 1 | $0 | |
Adam Perlow Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $112,371 |
| Interest on Savings | $0 |
| Dividends & Interest | $631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,175 |
| Capital Gain Net Income | $74,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,177 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,632 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $26,354 |
| Contributions, gifts, grants paid | $178,690 |
| Total expenses and disbursements | $205,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,049 |
| 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 | $124 |
| Total assets | $41,173 |
| 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, Karp Family Foundation has awarded $178,690 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
STARABILITY FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CHILDREN'S NATIONAL HOSPITAL FOUNDATION PURPOSE: CRI RESEARCH FUND | $45,190 |
FRIENDSHIP CIRCLE OF PITTSBURGH PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
CHILDREN'S NATIONAL HOSPITAL FOUNDATION PURPOSE: UGANDA RHD RESEARCH FUND | $11,000 |
CHABAD LUBAVITCH OF THE SOUTH HILLS INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
INSTITUTE FOR EXCEPTIONAL CARE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |