Karma Foundation

Princeton, NJ
Tax-exempt since April 1997
EIN: 22-3478433

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising Organizations That Cross Categories (NTEE)

Donations to this organization are tax deductible.

Revenue

$327k (2023)

Expenses

$506k (2023)

Total Assets

$5.1M (2023)

Total Liabilities

$6.26k (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$326,513

Expenses

$506,439

Net Income

-$179,926

Net Assets

$5,097,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,636	6.0%
Dividends	$124,263	38.1%
Sales of Assets	$181,246	55.5%
Other Income	$1,368	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$421,532	83.2%
Compensation of Officers*	$119,990	23.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,103,837
Total Liabilities	$6,260
Net Assets	$5,097,577

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Executive Director)	$119,990	$0
Sharon Karmazin (President)	$0	$0
Craig Karmazin (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$279,688

Expenses

$396,855

Net Income

-$117,167

Net Assets

$5,277,503

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,309	5.1%
Dividends	$95,931	34.3%
Sales of Assets	$168,089	60.1%
Other Income	$1,359	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$314,761	79.3%
Compensation of Officers*	$119,990	30.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,278,622
Total Liabilities	$1,119
Net Assets	$5,277,503

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Executive Director)	$119,990	$0
Sharon Karmazin (President)	$0	$0
Craig Karmazin (Trustee)	$0	$0

990-PF

Filed on Nov. 6, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$500,136

Expenses

$329,141

Net Income

$170,995

Net Assets

$5,527,613

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$137,789	27.6%
Interest Revenue	$16,847	3.4%
Dividends	$102,583	20.5%
Sales of Assets	$238,773	47.7%
Other Income	$4,144	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$245,147	74.5%
Compensation of Officers*	$124,605	37.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,528,841
Total Liabilities	$1,228
Net Assets	$5,527,613

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Executive Director)	$124,605	$0
Sharon Karmazin (President)	$0	$0
Craig Karmazin (Trustee)	$0	$0

990-PF

Filed on Nov. 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$200,440

Expenses

$428,401

Net Income

-$227,961

Net Assets

$5,300,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,389	9.7%
Dividends	$83,554	41.7%
Sales of Assets	$93,199	46.5%
Other Income	$4,298	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$337,804	78.9%
Compensation of Officers*	$119,990	28.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,300,153
Total Liabilities	$45
Net Assets	$5,300,108

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Executive Director)	$119,990	$0
Sharon Karmazin (President)	$0	$0
Craig Karmazin (Trustee)	$0	$0

990-PF

Filed on Nov. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$549,037

Expenses

$439,708

Net Income

$109,329

Net Assets

$5,529,265

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,680	1.8%
Dividends	$92,122	16.8%
Sales of Assets	$443,699	80.8%
Other Income	$3,536	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$362,365	82.4%
Compensation of Officers*	$119,990	27.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,534,464
Total Liabilities	$5,199
Net Assets	$5,529,265

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Executive Director)	$119,990	$0
Sharon Karmazin (President)	$0	$0
Craig Karmazin (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$395,669

Expenses

$664,943

Net Income

-$269,274

Net Assets

$5,353,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,323	2.6%
Dividends	$97,069	24.5%
Sales of Assets	$195,252	49.3%
Other Income	$93,025	23.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$537,071	80.8%
Compensation of Officers*	$119,990	18.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,365,062
Total Liabilities	$11,148
Net Assets	$5,353,914

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Executive Director)	$119,990	$0
Sharon Karmazin (President)	$0	$0
Craig Karmazin (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$666,703

Expenses

$939,219

Net Income

-$272,516

Net Assets

$5,656,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$148,469	22.3%
Interest Revenue	$0
Dividends	$122,626	18.4%
Sales of Assets	$395,595	59.3%
Other Income	$13	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$836,815	89.1%
Compensation of Officers*	$104,702	11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,656,998
Total Liabilities	$0
Net Assets	$5,656,998

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Director)	$104,702	$0
Sharon Karmazin (Director, As Required)	$0	$0
Craig Karmazin (Director, As Required)	$0	$0

990-PF

Filed on Nov. 8, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$1,021,582

Expenses

$1,019,693

Net Income

$1,889

Net Assets

$5,914,439

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$154,483	15.1%
Interest Revenue	$0
Dividends	$142,666	14.0%
Sales of Assets	$724,411	70.9%
Other Income	$22	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$930,001	91.2%
Compensation of Officers*	$113,121	11.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,914,439
Total Liabilities	$0
Net Assets	$5,914,439

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Director)	$113,121	$0
Sharon Karmazin (Director, As Required)	$0	$0
Craig Karmazin (Director, As Required)	$0	$0

990-PF

Filed on Nov. 10, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$724,856

Expenses

$1,024,904

Net Income

-$300,048

Net Assets

$5,919,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$148,346	20.5%
Interest Revenue	$0
Dividends	$141,545	19.5%
Sales of Assets	$434,962	60.0%
Other Income	$3	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$933,758	91.1%
Compensation of Officers*	$112,152	10.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,919,055
Total Liabilities	$0
Net Assets	$5,919,055

Compensation

Key Employees and Officers	Compensation	Other
Dina K Elkins (Director)	$112,152	$0
Sharon Karmazin (Director, As Required)	$0	$0
Craig Karmazin (Director, As Required)	$0	$0

990-PF

Filed on Nov. 17, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$455,065

Expenses

$1,301,576

Net Income

-$846,511

Net Assets

$6,219,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$148,346	32.6%
Interest Revenue	$0
Dividends	$154,589	34.0%
Sales of Assets	$140,774	30.9%
Other Income	$11,356	2.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,205,432	92.6%
Compensation of Officers*	$104,702	8.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,219,103
Total Liabilities	$0
Net Assets	$6,219,103

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,078,186

Expenses

$1,179,016

Net Income

-$100,830

Net Assets

$7,099,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$148,346	13.8%
Interest Revenue	$0
Dividends	$155,843	14.5%
Sales of Assets	$773,959	71.8%
Other Income	$38	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,078,990	91.5%
Compensation of Officers*	$109,451	9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,099,834
Total Liabilities	$1
Net Assets	$7,099,833

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Karma Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $327k (2023)

Expenses $506k (2023)

Total Assets $5.1M (2023)

Total Liabilities $6.26k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$327k (2023)

Expenses

$506k (2023)

Total Assets

$5.1M (2023)

Total Liabilities

$6.26k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001