2023-11-10T09:30:27-06:00 2022-12-31 113266576 GRASSI & CO CPA'S PC 750 THIRD AVENUE 28TH FLOOR NEW YORK NY 10017 990 2022-01-01 273857947 KARUNA-SHECHEN USA KARU 7188468981 109 MOWBRAY DRIVE KEW GARDENS NY 11415 ALEXANDRE LIPPENS PRESIDENT 7188468981 2023-11-10 1 ALEXANDRE LIPPENS 999009999 0 JAIME RAPPS P01462990 2126616166 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WENDY WORNHAM 109 MOWBRAY DRIVE KEW GARDENS NY 11415 543148 0 X KARUNA-SCHECHEN.ORG X 2010 NY KARUNA-SHECHEN INITIATES AND OVERSEES PROJECTS THAT PROVIDE HEALTH CARE, EDUCATION, AND SOCIAL SERVICES FOR THE UNDER-SERVED POPULATIONS OF INDIA, NEPAL, AND TIBET. 3 3 0 4 0 0 699040 543093 0 0 57 55 0 0 699097 543148 775000 806615 0 0 0 0 0 0 0 126691 105309 901691 911924 -202594 -368776 1289007 928005 40716 48490 1248291 879515 KARUNA-SHECHEN INITIATES AND OVERSEES PROJECTS THAT PROVIDE HEALTH CARE, EDUCATION, AND SOCIAL SERVICES FOR THE UNDER-SERVED POPULATIONS OF INDIA, NEPAL, AND TIBET. 0 0 806615 806615 THROUGHOUT OUR TARGET AREA (THE HIMALAYAS) KS HAS BUILT NUMEROUS SCHOOLS ANNUALLY SERVING POOR CHILDREN MAINLY IN REMOTE AREAS WHERE THERE WAS NO ACCESS TO EDUCATION. WE PAY SPECIAL ATTENTION TO THE EDUCATION OF WOMEN AND GIRLS. WE HAVE BUILT AND OPERATE TWO LARGE CLINICS FOR THE POOR (IN INDIA AND NEPAL) THAT HAVE VIGOROUS OUTREACH PROGRAMS THAT BRING MEDICAL CARE AND SOCIAL SERVICES TO THE MOST NEEDY AT NO COST OR ON A SLIDING SCALE. WE BRING SOLAR LIGHTING AND RAINWATER HARVESTING TO REMOTE AND POOR VILLAGES, ALLOWING CHILDREN AND WOMEN TO STUDY AT NIGHT AND PROVIDING A SAFE AND MORE SECURE WATER SUPPLY. WE WORK WITH LOCAL COMMUNITIES TO TEACH HYGIENE AND BASIC SANITATION AND HAVE HELPED SMALL VOCATIONAL PROJECTS. 806615 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 0 0 0 NY X ARABELLA ADVISORS 2125327171 237 W 35TH STREET SUITE 1101 NEW NEW YORK NY 10011 X ALEXANDRE LIPPENS PRESIDENT 1.00 X X 0 0 0 GIANLUIGI BUITONI DIRECTOR 0.50 X 0 0 0 JEAN TIMSIT DIRECTOR (ENDED 03/22) 0.50 X 0 0 0 JULIETTE TIMSIT DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 543093 543093 55 55 543148 0 0 55 806615 806615 43560 43560 54000 54000 142 142 2758 2758 LICENSE AND FEES 4346 4346 BANK CHARGES 350 350 PAYPAL FEES 153 153 911924 806615 105309 0 643835 450512 574075 423980 70548 52932 549 581 16169 16169 0 0 1289007 928005 40716 48490 40716 48490 X 1173291 879515 75000 0 1248291 879515 1289007 928005 -368776 0 X X 0 1 X 1 0 X 692974 573239 562663 699040 543093 3071009 692974 573239 562663 699040 543093 3071009 1249843 1821166 340 339 99 57 55 890 -886 1538 652 3072551 0.59270 0.61420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ -886. 2019 AMOUNT: $ 1,538. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2876 2876 0 13293 13293 0 0 X 519148 0 519148 24000 24000 543148 887924 0 887924 24000 24000 911924 PART X, LINE 2: THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS PRIOR TO 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION RECORDED AS EXPENSE OFFSET 24,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTION RECORDED AS EXPENSE OFFSET 24,000. 1 SOUTH ASIA 0 0 PROGRAM SERVICES BUILDING SCHOOLS, BUILDING HOSTEL, & MEDICAL OUTREACH PROGRAMS 806615 0 0 0 0 0 0 806615 0 806615 SOUTH ASIA MEDICAL CLINIC 400000 WIRE 0 SOUTH ASIA EDUCATION 169515 WIRE 0 SOUTH ASIA VARIOUS PROJECTS 237100 WIRE 0 4 0 0 0 0 0 0 PART I, LINE 2: SELECTION CRITERIA AND BUDGETS ARE BASED ON PROPOSALS SUBMITTED BY THE FIELD DIRECTORS (INDIA, NEPAL, TIBET, BHUTAN). THE FIELD DIRECTORS RESEARCH FULLY THE NEEDS OF THE COMMUNITIES FOR THE PROJECTS, THE FEASIBILITY AND BUDGETS, AND THE NUMBER OF BENEFICIARIES BEFORE SUBMITTING ANY PROPOSALS TO OUR INTERNATIONAL BOARD. KARUNA-SHECHEN USA MEETS WITH THE HEADS OF THE INTERNATIONAL BRANCHES OF KARUNA-SHECHEN, FIELD DIRECTORS, ITS FOUNDER, AND CFO IN A QUARTERLY TELEPHONE CONFERENCE CALL. THE FIELD DIRECTORS SUGGEST PROJECTS AND OFFER SUPPORTING REPORTS, PROPOSALS, AND BUDGETS, AND THE ABOVE BOARD VOTES ON WHETHER TO APPROVE THE PROJECTS OR NOT. ONCE THE PROJECT IS APPROVED, FUNDS ARE REQUESTED OF US BASED ON THE CURRENT PROGRESS OF THE PROJECTS. THROUGHOUT THE DURATION OF THE PROJECTS, THE FIELD DIRECTORS KEEP KARUNA SHECHEN USA UPDATED BY PROGRESS REPORTS, CURRENT BUDGETS, AND PHOTOGRAPHS. WE ALSO MEET TO DISCUSS THE PROGRESS IN THE TELEPHONE CONFERENCES. MEMBERS OF THE BOARD TRY TO VISIT THE PROJECTS AT LEAST ONCE A YEAR. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION A, LINE 2 JEAN AND JULIETTE TIMSIT ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PREPARED BY OUR OUTSIDE CPA FIRM AND IS THEN REVIEWED IN DETAIL BY THE FINANCIAL CONSULTANT AND PRESIDENT OF THE BOARD. THE 990 WAS THEN PROVIDED TO THE FULL BOARD PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY AND AT THAT TIME DISCLOSE ANY POTENTIAL CONFLICTS. THE PRESIDENT REVIEWS THESE FORMS. SHOULD A POTENTIAL CONFLICT ARISE, THE BOARD MEMBER IS EXPECTED TO RECUSE HIM OR HERSELF AT ANY TIME FROM INVOLVEMENT IN ANY DECISION OR DISCUSSION IN WHICH SUCH PERSON BELIEVES HE OR SHE HAS OR MAY HAVE A CONFLICT OF INTEREST OR THAT THERE MAY BE QUESTIONS AS TO WHETHER SUCH A CONFLICT EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.