Karuna Happiness Foundation Inc
- Assets
- $429.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-1196702
Organization Overview
Karuna Happiness Foundation Inc is located in Orlando, FL. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karuna Happiness 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, Karuna Happiness Foundation Inc generated $150.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.6% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION WILL PROVIDE FUNDING TO LOCAL COMMUNITY ORGANIZATIONS, BOTH WITHIN AND OUTSIDE THE UNITED STATES, FOCUSED ON IMPROVING AND QUALITY OF LIFE OF THOSE WHO HAVE BEEN ABANDONED, ORPHANED, ABUSED, OR TRAFFICKED. THE GOAL IS TO PROVIDE SUPPORT FOR EDUCATION, TRAINING, MENTAL HEALTH AND OTHER WELL-BEING EFFORTS SO THAT THE BENEFICIARIES CAN CARVE A SELF-SUSTAINABLE PATH IN LIFE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arun Sardana President & CEO | 2 | $0 | |
Paul Grambsch Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,033 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,033 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,499 |
| Professional fees and other payments to independent contractors | $33,092 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,917 |
| Total expenses | $53,008 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $429,709 |
| Other assets | $0 |
| Total assets | $429,709 |
| Total liabilities | $0 |
| Net assets or fund balances | $429,709 |