KARMA FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- KARMA FOUNDATION (EIN 22-3478433)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-10
- IRS object ID
- 202233149349102468
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-10T14:09:31-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 871353108 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNER ADVISORY GROUP LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WOOD AVENUE SOUTH | AddressLine1Txt |
| City | ISELIN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 088302700 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223478433 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KARMA FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KARM | BusinessNameControlTxt |
| Phone | 6099245939 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 140 ARRETON ROAD | AddressLine1Txt |
| City | PRINCETON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DINA ELKINS | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 6099245939 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DINA | PersonFirstNm |
| Person Last | ELKINS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANE DICKLER | PreparerPersonNm |
| PTIN | P00444049 | PTIN |
| Phone | 7322437000 | PhoneNum |
| Preparation | 2022-11-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $7,771,254 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $137,789 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $16,847 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $16,757 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $102,583 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $102,583 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $238,773 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,145,093 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $249,209 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $4,144 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $720 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $500,136 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $369,269 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $124,605 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $31,151 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $93,454 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $25,368 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $6,342 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $19,026 | PensionEmplBnftDsbrsChrtblAmt |
| Interest Rev And Expnss | $1,486 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $1,486 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $9,445 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,404 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $3,542 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $51,882 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $39,112 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $12,770 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $212,786 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $81,495 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $128,792 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $116,355 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $116,355 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $329,141 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $81,495 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $245,147 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $170,995 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $287,774 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $7,795 | CashBOYAmt |
| Cash EOY | $13,631 | CashEOYAmt |
| Cash EOYFMV | $13,631 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $143,846 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $141,327 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $141,327 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $3,849 | AcctRcvblBOYAmt |
| US Government Obligations BOY | $3,332 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,214 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,253 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $4,243,624 | CorporateStockBOYAmt |
| Corporate Stock EOY | $4,358,444 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $6,596,542 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $897,707 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $857,702 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $861,978 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $155,523 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $155,523 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $5,300,153 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,528,841 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $7,771,254 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $45 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $1,228 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $45 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,228 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $5,300,108 | RetainedEarningBOYAmt |
| Retained Earning EOY | $5,527,613 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,300,108 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,527,613 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,300,153 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,528,841 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,300,108 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $170,995 | ExcessRevenueOverExpensesAmt |
| Other Increases | $56,510 | OtherIncreasesAmt |
| Subtotal | $5,527,613 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,527,613 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| MERRILL LYNCH 7EG-02216 | 2021-01-01 | 2021-12-31 | $205 | $203 | $2 | $2 | |
| MERRILL LYNCH 7EG-02216 | 2020-01-01 | 2021-12-31 | $207 | $205 | $2 | $2 | |
| MERRILL LYNCH 7EG-02216 | 2021-01-01 | 2021-12-31 | $19,491 | $18,495 | $996 | $996 | |
| MERRILL LYNCH 7EG-02216 | 2020-01-01 | 2021-12-31 | $532,493 | $489,090 | $43,403 | $43,403 | |
| MERRILL LYNCH 7EG-02216 | 2020-01-01 | 2021-12-31 | $19,666 | $1,886 | $17,780 | $17,780 | |
| MERRILL LYNCH 7EG-02216 | 2020-01-01 | 2021-12-31 | $32,390 | $9,225 | $23,165 | $23,165 | |
| MERRILL LYNCH 7EG-02328 | 2021-01-01 | 2021-12-31 | $44,396 | $44,942 | -$546 | -$546 | |
| MERRILL LYNCH 7EG-02328 | 2020-01-01 | 2021-12-31 | $244,783 | $242,124 | $2,659 | $2,659 | |
| MERRILL LYNCH 7EG-02329 | 2021-01-01 | 2021-12-31 | $5,020 | $5,281 | -$261 | -$261 | |
| MERRILL LYNCH 7EG-02329 | 2020-01-01 | 2021-12-31 | $123,085 | $99,968 | $23,117 | $23,117 | |
| MERRILL LYNCH 7EG-02201 | 2020-01-01 | 2021-12-31 | $1,064 | $1,064 | $0 | $0 | |
| THRU K-1 | 2020-01-01 | 2021-12-31 | $16,599 | $16,599 | |||
| CAPITAL GAINS DIVIDENDS | $122,293 | $122,293 | $122,293 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $249,209 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $191 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,000 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,000 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,000 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $5,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $6,500 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $11,500 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $7,500 | OverpaymentAmt |
| Applied To ES Tax | $7,500 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.KARMAFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | DINA ELKINS | IndividualWithBooksNm |
| Phone | 6099245939 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 140 ARRETON ROAD | AddressLine1Txt |
| City | PRINCETON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| SHARON KARMAZIN | ||||||||
| 6 COMBS PLACE | MILLTOWN | NJ | 08850 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| DINA K ELKINS | ||||||||
| 140 ARRETON ROAD | PRINCETON | NJ | 08540 | EXECUTIVE DIRECTOR | 35.00 | $124,605 | $0 | $0 |
| CRAIG KARMAZIN | ||||||||
| 100 STODDART STREET | BEAVER DAM | WI | 53916 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $7,149,618 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $137,990 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $59,629 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $7,347,237 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $7,347,237 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $110,209 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $7,237,028 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $361,851 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $361,851 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,000 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,000 | TotalTaxAmt |
| Distributable Before Adj | $357,851 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $357,851 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $357,851 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $245,147 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $245,147 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $357,851 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $604,434 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $256,907 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $224,247 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $75,821 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $34,003 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,195,412 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $245,147 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $245,147 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $112,704 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $112,704 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,082,708 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $491,730 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $590,978 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $256,907 | ExcessFromYear4Amt |
| Excess From Year3 | $224,247 | ExcessFromYear3Amt |
| Excess From Year2 | $75,821 | ExcessFromYear2Amt |
| Excess From Year1 | $34,003 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHED STATEMENT A | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SEE ATTACHED STATEMENT A | AddressLine1Txt |
| City | PRINCETON | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08540 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | CHARITABLE PURPOSES | GrantOrContributionPurposeTxt |
| Amt | $116,355 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $116,355 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $16,847 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $102,583 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $4,144 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $238,773 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $362,347 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $362,347 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | SHARON E KARMAZIN | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 COMBS PLACE | AddressLine1Txt |
| City | MILLTOWN | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08850 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $137,789 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 3.04008% PARTNERSHIP INTEREST IN GIFT KARMA LEGACY LLC | NoncashPropertyDesc |
| Fair Market Value | $137,789 | FairMarketValueAmt |
| Received | 2021-07-01 | ReceivedDt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MERRILL LYNCH 02201 | $9,106 | $9,039 |
| MERRILL LYNCH 02328 | $848,596 | $852,939 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 68 SHS ALPHABET INC | $63,432 | $246,248 |
| 75 SHS AMAZON COM INC | $71,117 | $250,075 |
| 310 SHS META PLATFORMS (FACEBOOK INC CL A) | $47,263 | $104,269 |
| 762 SHS JPMORGAN CHASE & CO | $66,340 | $120,633 |
| ML 02201 | $11,823 | $39,997 |
| ML 02216 | $3,458,192 | $4,889,073 |
| ML 02329 | $640,277 | $946,247 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,214 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,253 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | GIFT KARMA LEGACY 2021 LLC | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $155,523 | BookValueAmt |
| EOYFMV | $155,523 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FILING FEES | $10 | $0 | $0 | $10 |
| INVESTMENT ADVISORY FEES | $38,346 | $38,346 | $0 | $0 |
| PAYROLL SERVICE FEES | $2,555 | $639 | $0 | $1,916 |
| TELEPHONE | $1,360 | $0 | $0 | $1,360 |
| OFFICE EXPENSE | $1,028 | $0 | $0 | $1,028 |
| WEBSITE FEES | $8,000 | $0 | $0 | $8,000 |
| CREDIT CARD FEES | $75 | $0 | $0 | $75 |
| INSURANCE | $508 | $127 | $0 | $381 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| MISCELLANEOUS INCOME | $1,017 | $720 | $0 |
| NON TAXABLE DISTRIBUTION | $3,127 | $0 | $0 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PRIOR PERIOD ADJUSTMENT | $56,131 |
| BOOK TO TAX DIFFERENCE | $379 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES | $2,223 | $2,223 | $0 | $0 |
| PAYROLL TAXES | $4,722 | $1,181 | $0 | $3,542 |
| FEDERAL TAXES | $2,500 | $0 | $0 | $0 |
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