Karsten Family Foundation Inc
- Assets
- $594.1k
- Revenue
- $5.2k
- Investments
- $527.9k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- Data as of
- 12/2023
- EIN
- 84-4036992
Organization Overview
Karsten Family Foundation Inc is located in Fort Worth, TX. 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. Karsten Family Foundation Inc 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 12/2023, Karsten Family Foundation Inc generated $5.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (68.1%) each year. All expenses for the organization totaled $38.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Karsten Family Foundation Inc has awarded 38 individual grants totaling $179,541. 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
JUSTINS PLACE MISSION IS TO IMPACT THE LIFE OF A CHILD BY EMPOWERING MOMS TO GROW MENTALLY, SPIRITUALLY, AND PHYSICALLY, TO LIVE A LIFE FREE OF CRISIS AND WALK OUT OF GENERATIONAL POVERTY.
THE NET FORT WORTH SERVES TO PREVENT, EDUCATION AND SUPPORT SURVIVORS OF SEX TRAFFICKING.
GOOD SAMARITANS ROCKPORT-FULTON, ARE DEDICATED TO SUPPORTING THOSE IN NEED AND UPLIFTING THE COMMUNITY. THROUGH THE GOOD SAMS FOOD PANTRY, SERVICES, AND VOLUNTEER EFFORTS, THEY STRIVE TO MAKE A LASTING DIFFERENCE IN THE LIVES OF LOCAL FAMILIES.
CY-HOPE ORGANIZATION IS DEDICATED TO BRINGING HOPE TO AT-RISK CHILDREN AND FOSTERING THEIR GROWTH INTO EDUCATED AND PRODUCTIVE CITIZENS. ROOTED IN A VISION OF COMMUNITY COLLABORATION, CY-HOPE WORKS TIRELESSLY TO MOBILIZE BUSINESSES, EDUCATIONAL INSTITUTIONS, CHURCHES, CIVIC ORGANIZATIONS, HOSPITALS, AND INDIVIDUAL VOLUNTEERS TOWARDS A COMMON GOAL: IMPROVING THE LIVES OF CHILDREN IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Karsten President | 2 | $0 | |
Kimberly Karsten Treasurer | 1 | $0 | |
Mattie Karsten Rice Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $872 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $38,492 |
| Total expenses and disbursements | $38,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,190 |
| Savings and temporary cash investments | $0 |
| 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 | $527,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $594,122 |
| 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, Karsten Family Foundation Inc has awarded $38,492 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHANGING TIDES FOUNDATION PURPOSE: TO SOLVE GLOBAL CHALLENGES AND CREATE CHANGE BY EMPOWERING WOMEN TO PROTECT THE PLANET. | $276 |
CY - HOPE PURPOSE: TO TARGET AND DEVELOP SOCIAL SKILL AND EMOTIONAL DEVELOPMENT THROUGH THERAPY. | $5,550 |
AMAZON SMILE PURPOSE: SUPPORTING COMMUNITITES GLOBALLY. | $1,157 |
FOOD FOR THE HUNGRY PURPOSE: PROVIDES LIFE-CHANGING RESOURCES SUCH AS CLEAN WATER, MEDICAL AID, FOOD, EQUAL EDUCATIONAL OPPORTUNITIES TO GIRLS AND BOYS, VOCATIONAL TRAINING AND EMPOWERMENT IN THE MIDST OF UNIMAGINABLE HARDSHIPS. | $500 |
HOPE INTERNATIONAL PURPOSE: TO FIGHT GLOBAL POVERTY | $500 |
GLOBAL FELLOWSHIP CHURCH PURPOSE: EMPOWERING AND EDUCATING AND HOUSING THOSE AROUND DFW. | $150 |