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Karuna Foundation

Organization summary

Type of Nonprofit

Designated as a 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 / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.08M (2024)

Expenses
$1.16M (2024)

Total Assets
$18.6M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,075,242
Expenses
$1,155,405
Net Income
-$80,163
Net Assets
$18,624,945
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,070
0.8%
Dividends $257,587
24.0%
Sales of Assets $707,669
65.8%
Other Income $101,916
9.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $967,956
83.8%
Compensation of Officers* $140,000
12.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,624,945
Total Liabilities $0
Net Assets $18,624,945
Compensation
Key Employees and Officers Compensation Other
Lindsay Skog (Executive Director) $140,000 $23,644
Eric Lemelson (President) $0 $0
Tom Novick (Secretary) $0 $0
Jennifer Bruml (Director) $0 $0
Lisa Danzig (Director) $0 $0
Brad Harrison (Director) $0 $0
Jeremiah Lemelson (Director) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy (Director) $0 $0
Holly Pruett (Director) $0 $0
Jo Anne Welsch (Director) $0 $0
Amy Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$112,712
Expenses
$1,413,352
Net Income
-$1,300,640
Net Assets
$18,119,973
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,474
6.6%
Dividends $212,315
> 100%
Sales of Assets -$183,371
Other Income $76,294
67.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,236,886
87.5%
Compensation of Officers* $140,000
9.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $18,119,973
Total Liabilities $0
Net Assets $18,119,973
Compensation
Key Employees and Officers Compensation Other
Lindsay Skog (Executive Director) $140,000 $17,345
Eric Lemelson (President) $0 $0
Tom Novick (Secretary) $0 $0
Jennifer Bruml (Director) $0 $0
Lisa Danzig (Director) $0 $0
Brad Harrison (Director) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$36,218
Expenses
$1,200,611
Net Income
-$1,236,829
Net Assets
$17,001,832
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,031
Dividends $193,507
Sales of Assets -$368,897
Other Income $136,141
Notable Expenses Percent of Total Expenses
Charitable Disbursements $951,216
79.2%
Compensation of Officers* $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 $17,001,832
Total Liabilities $0
Net Assets $17,001,832
Compensation
Key Employees and Officers Compensation Other
Lindsay A Skog (Program Director) $128,333 $15,819
Eric Lemelson (President) $0 $0
Tom Novick (Secretary) $0 $0
Jennifer Bruml (Director) $0 $0
Lafcadio Cortesi (Director (Thru 3/22)) $0 $0
Lisa Danzig (Director) $0 $0
Brad Harrison (Director (Starting 4/22)) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,136,105
Expenses
$1,116,116
Net Income
$1,019,989
Net Assets
$21,938,862
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $225
0.0%
Dividends $229,380
10.7%
Sales of Assets $1,911,091
89.5%
Other Income -$4,591
Notable Expenses Percent of Total Expenses
Charitable Disbursements $911,606
81.7%
Compensation of Officers* $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 $21,938,862
Total Liabilities $0
Net Assets $21,938,862
Compensation
Key Employees and Officers Compensation Other
Lindsay A Skog (Program Director) $120,000 $12,083
Eric Lemelson (President) $0 $0
Tom Novick (Secretary) $0 $0
Jennifer Bruml (Director) $0 $0
Lafcadio Cortesi (Director) $0 $0
Lisa Danzig (Director) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$689,326
Expenses
$1,149,961
Net Income
-$460,635
Net Assets
$20,350,356
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,166
0.5%
Dividends $259,435
37.6%
Sales of Assets $394,111
57.2%
Other Income $32,614
4.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $944,286
82.1%
Compensation of Officers* $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 $20,350,408
Total Liabilities $52
Net Assets $20,350,356
Compensation
Key Employees and Officers Compensation Other
Lindsay A Skog (Program Director) $120,000 $11,596
Eric Lemelson (President) $0 $0
Tom Novick (Secretary) $0 $0
Jennifer Bruml (Director) $0 $0
Lafcadio Cortesi (Director) $0 $0
Lisa Danzig (Director) $0 $0
Elizabeth Kaufman (Director) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy Hildesley (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,113,428
Expenses
$1,165,613
Net Income
$947,815
Net Assets
$19,295,641
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
0.0%
Interest Revenue $32,362
1.5%
Dividends $272,403
12.9%
Sales of Assets $1,726,189
81.7%
Other Income $81,474
3.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,014,839
87.1%
Compensation of Officers* $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 $19,296,007
Total Liabilities $366
Net Assets $19,295,641
Compensation
Key Employees and Officers Compensation Other
Lindsay A Skog (Program Director) $91,019 $9,355
Jennifer Bruml (Director) $0 $0
Lafcadio Cortesi (Director) $0 $0
Lisa Danzig (Director) $0 $0
Elizabeth Kaufman (Director) $0 $0
Patrick Maloney (Director) $0 $0
Tom Novick (Director) $0 $0
Julia Novy Hildesley (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0
Eric Lemelson (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$617,188
Expenses
$2,714,860
Net Income
-$2,097,672
Net Assets
$17,475,169
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,500
0.7%
Interest Revenue $54,184
8.8%
Dividends $230,979
37.4%
Sales of Assets $23,728
3.8%
Other Income $303,797
49.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,603,711
95.9%
Compensation of Officers* $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 $17,475,169
Total Liabilities $0
Net Assets $17,475,169
Compensation
Key Employees and Officers Compensation Other
Jennifer Bruml (Director) $0 $0
Lafcadio Cortesi (Director) $0 $0
Lisa Danzig (Director) $0 $0
Elizabeth Kaufman (Director) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy Hildesley (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0
Eric Lemelson (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$424,211
Expenses
$630,344
Net Income
-$206,133
Net Assets
$21,385,174
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11
0.0%
Dividends $266,204
62.8%
Sales of Assets -$10,338
Other Income $168,334
39.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $524,304
83.2%
Compensation of Officers* $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 $21,385,174
Total Liabilities $0
Net Assets $21,385,174
Compensation
Key Employees and Officers Compensation Other
Jennifer Bruml (Director) $0 $0
Lafcadio Cortesi (Director) $0 $0
Lisa Danzig (Director) $0 $0
Elizabeth Kaufman (Director) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy Hildesley (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0
Eric Lemelson (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,486,828
Expenses
$374,361
Net Income
$12,112,467
Net Assets
$19,070,704
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $11,989,482
96.0%
Interest Revenue $6
0.0%
Dividends $294,473
2.4%
Sales of Assets $394,630
3.2%
Other Income -$191,763
Notable Expenses Percent of Total Expenses
Charitable Disbursements $327,005
87.4%
Compensation of Officers* $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 $19,070,704
Total Liabilities $0
Net Assets $19,070,704
Compensation
Key Employees and Officers Compensation Other
Jennifer Bruml (Director) $0 $0
Lafcadio Cortesi (Director) $0 $0
Lisa Danzig (Director) $0 $0
Elizabeth Kaufmann (Director) $0 $0
Patrick Maloney (Director) $0 $0
Julia Novy Hildesley (Director) $0 $0
Holly Pruett (Director) $0 $0
Amy Wong (Director) $0 $0
Eric Lemelson (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,442,854
Expenses
$393,480
Net Income
$2,049,374
Net Assets
$7,122,530
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,061,247
84.4%
Interest Revenue $8
0.0%
Dividends $182,251
7.5%
Sales of Assets $199,348
8.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $380,213
96.6%
Compensation of Officers* $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 $7,122,530
Total Liabilities $0
Net Assets $7,122,530

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$316,309
Expenses
$334,574
Net Income
-$18,265
Net Assets
$5,566,217
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $31,701
10.0%
Interest Revenue $5
0.0%
Dividends $281,260
88.9%
Sales of Assets $3,343
1.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $327,067
97.8%
Compensation of Officers* $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 $5,566,217
Total Liabilities $0
Net Assets $5,566,217

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$358,550
Expenses
$334,046
Net Income
$24,504
Net Assets
$5,575,725
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $78,983
22.0%
Interest Revenue $5
0.0%
Dividends $279,562
78.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $328,287
98.3%
Compensation of Officers* $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 $5,575,725
Total Liabilities $0
Net Assets $5,575,725

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$271,197
Expenses
$253,990
Net Income
$17,207
Net Assets
$5,231,662
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $40,000
14.7%
Interest Revenue $5
0.0%
Dividends $231,192
85.2%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $250,629
98.7%
Compensation of Officers* $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 $5,231,662
Total Liabilities $0
Net Assets $5,231,662

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$56,435
Expenses
$129,032
Net Income
-$72,597
Net Assets
$4,995,764
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $39,526
70.0%
Sales of Assets $16,909
30.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $125,568
97.3%
Compensation of Officers* $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 $4,995,764
Total Liabilities $0
Net Assets $4,995,764

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

About This Data

What Is This Data?

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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