Dharma Karma Foundation
- Assets
- $25.9m
- Revenue
- $4.3m
- Investments
- $18.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-1495133
Organization Overview
Dharma Karma Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Dharma Karma 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, Dharma Karma Foundation generated $4.3m in total revenue. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 192.5% per year over the past 4 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.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emerson Equity Llc | 12/30/22 | $301,680 |
Foundation Source | 12/30/22 | $55,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,466 |
| Dividends & Interest | $27,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,203,368 |
| Capital Gain Net Income | $4,203,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18 |
| Total Revenue | $4,285,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,256 |
| Printing and publications | $0 |
| Other expenses | $61,064 |
| Total operating and administrative expenses | $429,888 |
| Contributions, gifts, grants paid | $1,317,271 |
| Total expenses and disbursements | $1,747,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,569,705 |
| 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 | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,280,241 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,932,826 |
| 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, Dharma Karma Foundation has awarded $1,317,271 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHTER CHILDREN INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
TECHNISCHE UNIVERSITAT WIEN PURPOSE: THE DIRECT AIR CAPTURE SYSTEM PROJECT | $699,800 |
TECHNISCHE UNIVERSITAT WIEN PURPOSE: THE DIRECT AIR CAPTURE SYSTEM PROJECT | $567,471 |