Kenneth L Karst Racial Equity Foundation
- Assets
- $29.7k
- Revenue
- $35.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Cruz, CA
- Founding
- Data as of
- 07/2024
- EIN
- 87-2385049
Organization Overview
Kenneth L Karst Racial Equity Foundation is located in Santa Cruz, CA. 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. Kenneth L Karst Racial Equity 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 07/2024, Kenneth L Karst Racial Equity Foundation generated $35.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (54.9%) each year. All expenses for the organization totaled $88.2k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Kenneth L Karst Racial Equity Foundation has awarded 20 individual grants totaling $432,108. 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 |
|---|---|---|---|
Robin Mcduff Treasurer Secretary | 5 | $0 | |
Leslie Karst President | 0 | $0 | |
Laura Karst Vice-President | 0 | $0 | |
Lynn Hutton Board Member | 0 | $0 | |
Renee Almatierra Member Of Board | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,046 |
| Interest on Savings | $2,271 |
| Dividends & Interest | $0 |
| 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 | $35,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46 |
| Total operating and administrative expenses | $81 |
| Contributions, gifts, grants paid | $88,108 |
| Total expenses and disbursements | $88,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,707 |
| Savings and temporary cash investments | $18,000 |
| 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 | $0 |
| Total assets | $29,707 |
| 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, Kenneth L Karst Racial Equity Foundation has awarded $88,108 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK SURF SANTA CRUZ PURPOSE: OPERATING FUNDS | $5,109 |
REGENERATIVE EDUCATION CENTER PURPOSE: MAUI FIRE RELIEF | $20,000 |
URBAN COMMUNITY AGRINOMICS PURPOSE: OPERATING FUNDS | $10,000 |
GEMMA PROJECT PURPOSE: OPERATING FUNDS | $20,000 |
UNITED SERVICES AGENCY PURPOSE: FOR OPERATING EXPENSES FOR THE AFRICAN ROOTS SOCIAL CLUB | $3,000 |
ACRES PURPOSE: FOR CURRICULUM DEVELOPMENT | $10,000 |