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Karmic Kids Foundation Inc

  • Franklin Lks, NJ
  • Tax-exempt since May 2014
  • EIN: 46-1568710

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: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$7.75k (2023)

Expenses
$856 (2023)

Total Assets
$170k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2013 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,749
Expenses
$856
Net Income
$6,893
Net Assets
$169,661
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $111
1.4%
Dividends $7,638
98.6%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $169,661
Total Liabilities $0
Net Assets $169,661
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 25, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,152
Expenses
$802
Net Income
$1,350
Net Assets
$162,768
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $17
0.8%
Dividends $2,135
99.2%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $162,768
Total Liabilities $0
Net Assets $162,768
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on June 15, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$27
Expenses
$209,235
Net Income
-$209,208
Net Assets
$161,418
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $27
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $206,000
98.5%
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 $161,418
Total Liabilities $0
Net Assets $161,418
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 8, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$23,766
Expenses
$30,166
Net Income
-$53,932
Net Assets
$370,625
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5
Dividends $3,179
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $30,166
100%
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 $370,626
Total Liabilities $1
Net Assets $370,625
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 8, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$38,111
Expenses
$595,148
Net Income
-$557,037
Net Assets
$421,388
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $7,147
18.8%
Dividends $19,272
50.6%
Sales of Assets $11,692
30.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $576,994
96.9%
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 $436,388
Total Liabilities $15,000
Net Assets $421,388
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 12, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,995
Expenses
$498,775
Net Income
-$464,780
Net Assets
$970,459
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $14,981
44.1%
Dividends $19,016
55.9%
Sales of Assets -$2
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $488,122
97.9%
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 $970,459
Total Liabilities $0
Net Assets $970,459
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,514
Expenses
$671,647
Net Income
-$637,133
Net Assets
$1,455,793
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $24,727
71.6%
Dividends $9,412
27.3%
Sales of Assets $375
1.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $648,503
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 $1,455,793
Total Liabilities $0
Net Assets $1,455,793
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,446
Expenses
$352,126
Net Income
-$338,680
Net Assets
$2,098,449
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $13,348
99.3%
Dividends $98
0.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $337,202
95.8%
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 $2,098,449
Total Liabilities $0
Net Assets $2,098,449
Compensation
Key Employees and Officers Compensation Other
Michael J Lukacs (President) $0 $0
Kristen Lopresti (Secretary And Treasurer) $0 $0
Vladimir Kitaygorodsky (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$461,080
Expenses
$300,681
Net Income
$160,399
Net Assets
$2,441,641
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,113
0.2%
Dividends $6,123
1.3%
Sales of Assets $433,864
94.1%
Other Income $19,980
4.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $269,000
89.5%
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 $2,441,641
Total Liabilities $0
Net Assets $2,441,641

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$291,268
Expenses
$283,435
Net Income
$7,833
Net Assets
$2,925,023
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,000
2.4%
Interest Revenue $407
0.1%
Dividends $7,167
2.5%
Sales of Assets $243,202
83.5%
Other Income $33,492
11.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $275,100
97.1%
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 $2,925,023
Total Liabilities $0
Net Assets $2,925,023

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$727,939
Expenses
$13,383
Net Income
$714,556
Net Assets
$2,917,190
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,500
1.4%
Interest Revenue $8
0.0%
Dividends $7,892
1.1%
Sales of Assets $650,222
89.3%
Other Income $59,317
8.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $100
0.7%
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 $2,917,190
Total Liabilities $0
Net Assets $2,917,190

Document Links

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

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

990-PF

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

PDF

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.

Which Organizations Are Here?

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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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