2021-11-11T13:05:29-08:00 2020-12-31 134036703 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 10016 990 2020-01-01 371548241 Karam Foundation KARA 2245449411 PO Box 230 Northgate 742 Lake Forest IL 60045 Lina Sergie Attar CEO & Founder 2021-11-11 true Lina Sergie Attar 999009999 Michael Schall P02024184 2122682800 0 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Lina Sergie Attar PO Box 230 Northgate 742 Lake Forest IL 60045 3331354 false X karamfoundation.org X 2007 IL Karam Foundation is dedicated to help people help themselves. We seek to restore the dignity and quality of life for people affected by conflict by eliminating barriers to success through innovative education, entrepreneurial development, and community-driven aid. 8 7 11 15 0 5127793 3326440 15500 0 0 65967 4914 5209260 3331354 1460156 1305212 0 593845 1107353 0 215190 1669553 636632 3723554 3049197 1485706 282157 3780162 4060202 107617 105500 3672545 3954702 Karam Foundation is dedicated to help people help themselves. We seek to restore the dignity and quality of life for people affected by conflict by eliminating barriers to success through innovative education, entrepreneurial development, and community-driven aid. false false 2352210 1305212 Building Leaders: Our programs empowering refugee youth and parents to create multiple pathways to leadership. From Innovative Education initiatives for refugee teens to awareness programs for mothers and fathers, our programs are designed to provide all-encompassing support. We respond to the barriers that Syrian refugees face by relieving burdens now, as well as allowing for opportunities to build for the future.Transforming Communities: Investing in the health and resilience of refugee Syrian families around the world allows them to thrive and become proactive community members. From targeted support to newly-settled refugees to emergency relief in times of crisis, we ensure that no families are rendered victims to their circumstances. 2352210 true true false false false false false false false false true false false false true true true false false true true true true false false false false true true false false false false false false false false false false false false false false false false false false true 8 0 true 11 true false false false false false true true false 0 false false false false false false false X 8 7 true false false false false false false true false false false true true true true true true true false false IL X Lina Sergie Attar 2245449411 PO Box 230 Northgate 742 Lake Forest IL 60045 Lina Sergie Attar CEO & Founder 40.00 0.00 X X 82333 0 0 Mamak Shahbazi Vice Chair 5.00 0.00 X X 0 0 0 Rasha Mansouri Chairman 5.00 0.00 X 0 0 0 Razan Massarani Treasurer 2.00 0.00 X X 0 0 0 Aya Samman Secretary 2.00 0.00 X X 0 0 0 Mohamad Ojjeh Director 2.00 0.00 X 0 0 0 Omar Salem Director 2.00 0.00 X 0 0 0 Anna Nolan Director 2.00 0.00 X 0 0 0 82333 0 false false false 0 217531 3108909 3326440 0 0 0 0 0 0 0 0 0 Foreign Currency Translation Gain 900099 4213 4213 Other Income 900099 701 701 4914 3331354 701 4213 16530 16530 5825 5825 1282857 1282857 0 82333 57964 19727 4642 0 770471 431529 181143 157799 0 143805 110098 18636 15071 110744 84787 14351 11606 0 0 0 0 0 0 277520 167144 100244 10132 0 37727 15889 17492 4346 0 0 120940 75522 44158 1260 24565 16517 2715 5333 0 0 0 0 74702 73058 1233 411 4373 4373 Bank and transaction fees 44208 11782 32426 Dues and subscriptions 34916 1412 28914 4590 Miscellaneous 17681 1296 16385 0 3049197 2352210 481797 215190 1446542 2023618 0 2030817 1840803 0 0 0 0 15307 7034 36311 11711 398599 221563 251185 177036 0 0 0 0 0 3780162 4060202 36015 95189 60000 11602 10311 107617 105500 X 1960206 2211589 1712339 1743113 3672545 3954702 3780162 4060202 282157 X X false true X true false X 3198370 3847674 3020800 5127793 3326440 18521077 0 0 3198370 3847674 3020800 5127793 3326440 18521077 2216368 16304709 0 0 205 102286 -2676 -16854 4914 87875 18608952 0.87620 0.89440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90967 44948 46019 267169 152502 114667 40463 24113 16350 177036 Deferred rent 10311 10311 X 3331354 3331354 3331354 3049197 3049197 3049197 Part X : FIN48 Footnote Karam Foundation does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending December 31, 2017 and later are subject to examination by applicable taxing authorities. Middle East and North Africa 2 50 Program Services Education, Humanitarian Aid 1009221 2 50 2 50 1009221 1009221 Middle East Emer. Supplies 140000 WireTransfer Middle East Emer. Supplies 215000 WireTransfer Middle East Ops. Support 20000 WireTransfer Middle East Ops. Support 85000 WireTransfer Middle East Prosthetic implants 240000 WireTransfer 5 5 Food support for refugees and IDPs Middle East 584 5000 Food kits FMV Nonformal Education Support Middle East 1782 5427 Workshop supplies FMV Refugee student support Middle East 22 1030 Food for students FMV Refugee student support Middle East 295 11645 Tablets and supplies FMV Refugee university support Middle East 41 11250 Laptops for students FMV Scholarships Middle East 174 301481 Tuition/Gap Funding FMV Support for Syrian Refugee Families Middle East 528 4216 Grocery cards FMV Support Syrian refugee families Middle East 518 225079 Wire Transfer Support Syrian Refugee Families Middle East 293 15180 Medical and other FMV Transportation for Syrian youth Middle East 218 2549 Transportation FMV false false false false false false true Inner-City Muslim Action Netw 2744 W 63rd St Chicago IL 60629 364167433 501(c)(3) 8265 0 General support Role Model Movement Inc 8035 S WABASH AVE Chicago IL 60619 462272700 501(c)(3) 8265 0 General support 2 2 Jumpstart - Asst. to Individuals 46 5475 Emergency assistance due to COVID Summer School Program Scholarships 1 350 Scholarship for refugee student Grantmaker's Description of How Grants are Used The grant funds are monitored by reviewing the financial and project reports that are submitted to Karam after the implementation of the projects. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Aya Samman (Board Member) and Lina Sergie Attar (CEO/Founder) have a family relationship. Form 990, Part VI, Line 11b: Form 990 Review Process The IRS form 990 was reviewed by the board of directors prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Board of Directors reviews all potential conflicts of interest annually. The CEO, board members and employees are required to disclose potential conflicts and any related party affiliations or loans between the Organization and members of management are strictly prohibited. The Organization seeks full transparency with all relationships and any potential conflicts are discussed openly and resolved in accordance with Karam's policies and procedures. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of the Organization's CEO was determined by the Board of Directors after doing an evaluation, comparability data study, deliberation and the board decision was documented. There are no other compensated officers or key employees. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part XII, Line 2: Change of Oversight or Selection Process The process has not been changed from the prior year.