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← KARAT SCHOOL PROJECT

Form 990 for tax year 2023

Filed by KARAT SCHOOL PROJECT.

Totals

Total revenue
$142,678
Total expenses
$212,317
Contributions and grants received
$142,654
Grants paid
$0
Program service revenue
$0
Investment income
$24
Other revenue
$0
Total assets, end of year
$51,858
Total liabilities, end of year
$12,888
Net assets or fund balances, end of year
$38,970
Program services expenses (Part IX)
$185,981
Management and general expenses
$16,838
Fundraising expenses
$9,498
Program service expenses (Part III)
$185,981

Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $53,264

  • 1e · Government grants (contributions)

    $11,165

  • 1f · All other contributions, gifts and grants

    $78,225

  • 3 · Investment income

    total $24 · excluded $24

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $53,264

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $60,884 · program services $52,969 · management and general $4,262 · fundraising $3,653

  • 7 · Other salaries and wages

    total $12,289 · program services $12,289

  • 10 · Payroll taxes

    total $7,411 · program services $6,139 · management and general $852 · fundraising $420

  • 11b · Fees: legal

    total $1,915 · management and general $1,915

  • 11c · Fees: accounting

    total $400 · program services $200 · management and general $200

  • 11g · Fees: other

    total $1,916 · program services $1,916

  • 12 · Advertising and promotion

    total $6,182 · program services $6,182

  • 13 · Office expenses

    total $3,886 · program services $1,943 · management and general $1,943

  • 16 · Occupancy

    total $80 · program services $80

  • 17 · Travel

    total $2,001 · program services $2,001

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $100,327 · program services $100,327

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $5,425 · fundraising $5,425

  • 24c · Other expenses: ADMIN EXPENSES

    total $2,142 · management and general $2,142

  • 24d · Other expenses: TAXES & LICENSES

    total $1,626 · management and general $1,626

  • 24e · All other expenses

    total $5,833 · program services $1,935 · management and general $3,898

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,109 · end of year $51,858

  • 10a · Land, buildings and equipment: cost or other basis

    $2,999

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,999

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $12,500 · end of year $12,888

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $108,609 · end of year $38,970

Mission and programs · 2023

Mission

EDUCATE CHILDREN AND WOMEN BY UTILIZING A CULTURALLY-RELEVANT, DYNAMIC SYLLABUS AND NEW TECHNOLOGIES, AND ENABLE THEM TO HAVE A LIFELONG LOVE OF LEARNING. EMPOWER THOSE IN EXTREME POVERTY TO REACH THEIR FULL POTENTIAL. INVEST IN LOCAL COMMUNITIES BY DELIVERING SUPPLIES AND NUTRITIOUS MEALS - ALLOWING STUDENTS AND THEIR FAMILIES TO FOCUS ON LEARNING. ERADICATE THE CYCLE OF POVERTY BY PROVIDING VALUABLE EDUCATION AND MAKING A SUSTAINABLE CHANGE IN PEOPLE'S LIVES.

Activities or mission (Part I)

TO EDUCATE CHILDREN AND WOMEN LIVING IN POVERTY

  • PROVIDE SKILLS-BASED EDUCATION TO CHILDREN AND WOMEN LIVING IN EXTREME POVERTY TO HELP BREAK THE CYCLE OF POVERTY AND INEQUALITY SUSTAINABLY NOW AND FOR GENERATIONS TO COME.

    Expenses $185,981

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sherry Auerbach

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Natalie Herrema

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Evelyn Keomian

    PRESIDENT

    Total calculated
    $60,884
    From this org
    $60,884
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Grace N'Ze

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349329062

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