The Karl Foundation
- Assets
- $346.9k
- Revenue
- $15.1k
- Investments
- $305.1k
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 01/1988
- Data as of
- 10/2023
- EIN
- 91-1362028
Organization Overview
The Karl Foundation is located in Mercer Island, WA. The organization was established in 1988. 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. Karl 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 10/2023, Karl Foundation generated $15.1k 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 (21.9%) each year. All expenses for the organization totaled $43.6k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Karl Foundation has awarded 108 individual grants totaling $126,762. 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
THE ONLY ACTIVITY OF THE KARL FOUNDATION IS TO MAKE CHARITABLE DONATIONS TO 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irvin H Karl Director | 0 | $0 | |
Laura I Karl Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,085 |
| 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 | $15,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,520 |
| Depreciation | $0 |
| Occupancy | $1,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $4,565 |
| Contributions, gifts, grants paid | $39,065 |
| Total expenses and disbursements | $43,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,789 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $346,892 |
| 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, The Karl Foundation has awarded $39,065 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
911 MEMORIAL & MUSEUM PURPOSE: GENERAL OPERATIONS | $100 |
ADAT SHALOM PURPOSE: GENERAL OPERATIONS | $103 |
ALS PURPOSE: GENERAL OPERATIONS | $363 |
ALZEHIEMERS ASSOCIATION PURPOSE: GENERAL OPERATIONS | $100 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL OPERATIONS | $200 |
AMERICAN CIVIL LIBERTIES UNION PURPOSE: GENERAL OPERATIONS | $200 |