2020-11-13T11:21:11-06:00 2019-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2019-01-01 371548241 KARAM FOUNDATION KARA 2245449411 PO BOX 230 NORTHGATE 742 LAKE FOREST IL 60045 LINA SERGIE ATTAR CEO/CO-FOUNDER 2245449411 2020-11-12 1 SUSAN GREGGO P00595460 8472679600 2019 2022-09-23 18:48:47Z LINA SERGIE ATTAR PO BOX 230 NORTHGATE 742 LAKE FOREST IL 60045 5214557 0 X WWW.KARAMFOUNDATION.ORG X 2007 IL THE FOUNDATION SEEKS TO RESTORE THE DIGNITY AND QUALITY OF LIFE FOR PEOPLE AFFECTED BY CONFLICT BY ELIMINATING BARRIERS TO SUCCESS THROUGH INNOVATIVE EDUCATION, COMMUNITY-DRIVEN SMART AID, AND SUSTAINABLE ENTREPRENEURIAL DEVELOPMENT. 8 7 15 31 0 0 3020800 5127793 35113 15500 0 0 63346 65967 3119259 5209260 1700120 1460156 0 0 568574 593845 0 0 484173 1552366 1669553 3821060 3723554 -701801 1485706 2265445 3780162 78606 107617 2186839 3672545 THE FOUNDATION SEEKS TO RESTORE THE DIGNITY AND QUALITY OF LIFE FOR PEOPLE AFFECTED BY CONFLICT BY ELIMINATING BARRIERS TO SUCCESS THROUGH INNOVATIVE EDUCATION, COMMUNITY-DRIVEN SMART AID, AND SUSTAINABLE ENTREPRENEURIAL DEVELOPMENT. 0 0 1314244 1097814 THE SMART AID PROGRAM PROVIDES HUMANITARIAN AID AND RELIEF THROUGH DISTRIBUTION OF FOOD STAPLES, WINTERZATION PACKAGES, AND GENERAL HUMANITARIAN AID AND RELIEF FOR SYRIAN REFUGEES. 1450958 355724 THE INNOVATIVE EDUCATION PROGRAM PROVIDES EDUCATION FOR SYRIAN REFUGEES IN TURKEY INCLUDING ESTABLISHMENT OF A COMPUTER LAB AND OTHER EDUCATIONAL PROGRAMS FOR STUDENTS. 37907 6618 15500 THE SUSTAINABLE DEVELOPMENT PROGRAM SUPPORTS SUSTAINABLE BUSINESS IN SYRIA THROUGH GRANTS TO ENTERPRENEURS AND PURCHASES OF THEIR PRODUCTS. 2803109 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 15 1 0 1 TU 0 0 0 1 1 0 0 0 0 0 0 X 8 7 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 IL X LINA SERGIE ATTAR 2245449411 PO BOX 230 NORTHGATE 742 LAKE FOREST IL 60045 LINA SERGIE ATTAR CEO/CO-FOUNDER 40.00 X X 97176 0 0 OMAR SALEM CHAIRMAN 5.00 X X 0 0 0 MOHAMAD OJJEH TREASURER 5.00 X X 0 0 0 MAYA KHATER DIRECTOR/SECRETARY THROUGH 10/19 2.50 X X 0 0 0 RAZAN WAFAI MASSARANI DIRECTOR 2.50 X 0 0 0 AYA SAMMAN SECRETARY 2.50 X X 0 0 0 GHAZI JEIROUDI BOARD MEMBER 2.50 X 0 0 0 ANNA NOLAN DIRECTOR 2.50 X 0 0 0 RASHA MANSOURI DIRECTOR 2.50 X 0 0 0 MAMAK SHAHBEZI DIRECTOR 2.50 X 0 0 0 97176 0 0 0 0 0 0 0 5127793 5127793 SCENTS OF SYRIA 453220 15500 15500 15500 86709 4736 81973 81973 1409 561 848 848 OTHER REVENUE 900099 2259 2259 LOSS ON FIXED ASSET DI 900099 -1025 -1025 FOREIGN CURRENCY EXCHA 900099 -18088 -18088 -16854 5209260 16734 0 64733 X 33140 33140 1427016 1427016 97176 8577 67620 20979 366234 77671 120823 167740 72216 58344 7322 6550 58219 31712 13244 13263 22770 22770 407003 196112 28989 181902 51471 2305 31790 17376 36642 29336 6744 562 72 72 156907 109860 35935 11112 89155 45366 28730 15059 75066 72961 1596 509 5814 1016 4798 FOREIGN PAYROLL 544824 544824 FOREIGN TEACHER STIPEND 115360 115360 BANK, CREDIT CARD AND T 60001 26260 33741 MEALS 31297 27472 3366 459 73171 21965 36285 14921 3723554 2803109 436272 484173 1739754 1446542 189906 2030817 25402 15307 26126 36311 398046 146861 273362 251185 10895 0 2265445 3780162 71622 36015 0 60000 6984 11602 78606 107617 X 1530889 1960206 655950 1712339 2186839 3672545 2265445 3780162 1485706 0 X X 0 1 X 1 0 X 1206389 3198370 3847674 3020800 5127793 16401026 1206389 3198370 3847674 3020800 5127793 16401026 1657366 14743660 50 205 102286 -2676 -16854 83011 16484037 371708 0.89440 0.93820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90967 90967 244966 146861 98105 62113 62113 251185 DEFERRED RENT 11602 11602 X 5229710 20450 20450 5209260 0 5209260 3744004 20450 20450 3723554 0 3723554 PART X, LINE 2: THE FOUNDATION HAS ADOPTED THE GUIDANCE IN THE FASB CODIFICATION TOPIC RELATED TO UNCERTAINTY IN INCOME TAXES WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE FOUNDATION HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS. UNDER THE GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT IT IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION SHOULD BE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH A TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS RETURNS. 0 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 3 47 PROGRAM SERVICES, GRANTS AND ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION EDUCATION, HUMANITARIAN AID 2504027 3 47 0 0 3 47 2504027 0 2504027 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, DISTRIBUTION OF MEDICAL ASSISTANCE TO 15 PHC FACILITIES TO SERVE SYRIAN IDPS. 70000 WIRE TRANFER MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, FUNDING THE CONSTRUCTION OF A CHILDREN'S PLAYGROUND IN A SYRIAN REFUGEE CAMP IN LEBANON AS PART OF AGREEMENT BETWEEN BSA AND SAWA 6535 WIRE TRANFER MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, FUNDING THE EMERGENCY AID PROJECT TO PROVIDE EMERGENCY ASSISTANCE TO RECENTLY DISPLACED AND EVACUATED IDPS INCLUDING FOOD, TENTS, CLOTHING, TRANSPORTATION, ESTABLISHING AN ORPHANAGE CENTER AND LANGUAGE SCHOOLING. 260000 WIRE TRANFER MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, FUNDING THE PROSTHETICS LAB'S OPERATION AND SUPPLIES IN ORDER TO PROVIDE SYRIAN REFUGEES WITH FREE PROSTHETIC LIMBS 235000 WIRE TRANFER MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, FUNDED THE MATERIALS, EQUIPMENT, OPERATION, AND MAINTENANCE COSTS OF 8 AMBULANCES PROVIDING LIFE-SAVING SERVICES TO SYRIAN IDPS 40000 WIRE TRANFER SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 138 273122 FULL-TUITION, PARTIAL-TUTITION, AND GAP FUNDING FOR REFUGEE STUDENTS OUTSIDE THE U.S. FAIR MARKET VALUE SUPPORT SYRIAN REFUGEE FAMILIES MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 516 262050 CASH MONTHLY STIPENDS FOR REFUGEE FAMILIES NON-FORMAL EDUCATION SUPPORT MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 1467 121603 PROVIDED NON-FORMAL EDUCATION CENTER REFUGEE YOUTH AND UNIVERSITY PREP STUDENTS WITH SUPPLIES NEEDED FOR THEIR EDUCATION PROJECTS AND COMMUNITY ACTIVITIES FAIR MARKET VALUE REFUGEE CHILDREN PLAYGROUND MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 500 166 GAMES AND FOOD FOR GRAND OPENING OF PLAYGROUND KARAM BUILT FAIR MARKET VALUE IDP REFUGEE SCHOOL SUPPORT MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 3408 65437 SCHOOL SUPPLIES, GRADUATION, ACTIVITIES MATERIALS,EDUCATIONAL MATERIALS, ETC FOR K-12 SYRIAN IDP SCHOOLS FAIR MARKET VALUE SUPPORT SYRIAN REFUGEE FAMILIES MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 516 52858 OTHER FORMS OF SUPPORT FOR SYRIAN REFUGEE FAMILIES INCLUDING: SCHOOL SUPPLIES, GROCERY CARDS, MEDICAL EXPENSES, HOME RELOCATION SUPPORT, ACTIVITIES, MENTAL HEALTH SUPPORT, ETC. FAIR MARKET VALUE FOOD DISTRIBUTION MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 10783 15985 MEAT, GRAINS, WATER, FOOD DISTRIBUTED TO STUDENTS AND THEIR FAMILIES DURING RAMADAN AND EID FAIR MARKET VALUE FOOD SUPPORT AT NON-FORMAL EDUCATION CENTER MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 1467 701 SNACKS,DRINKS, AND LIGHT MEALS FOR STUDENTS ATTENDING WORKSHOPS AND ACTIVITIES AT OUR NON-FORMAL EDUCATION CENTER FAIR MARKET VALUE TRANSPORTATION FOR SYRIAN REFUGEE FAMILIES MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 516 2191 TRANSPORTATION COSTS FOR FAMILIES TO ACCESS EDUCATIONAL AND HEALTH SERVICES. FAIR MARKET VALUE TRANSPORTATION TO/FROM SCHOOL FOR SYRIAN IDP CHILDREN MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 600 6557 TRANSPORTATION COSTS TO AND FROM HOME FOR SYRIAN IDP K-12 STUDENTS TO ACCESS THEIR SCHOOL FAIR MARKET VALUE TRANSPORTATION FOR SYRIAN REFUGEE YOUTH MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 1467 13969 TRANSPORTATION COSTS FOR SYRIAN REFUGEE YOUTH TO ACCESS NON-FORMAL EDUCATION CENTERS ON WEEKENDS, BEFORE AND AFTER SCHOOL. FAIR MARKET VALUE TRANSPORTATION FOR SYRIAN REFUGEE UNIVERSITY STUDENTS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 10 843 TRANSPORTATION COSTS FOR SYRIAN REFUGEE UNIVERSITY STUDENTES TO RELOCATE TO THEIR UNIVERSITY FAIR MARKET VALUE 0 0 0 0 0 0 PART I, LINE 2: KARAM FOUNDATION MONITORS ITS GRANTS THROUGH PROJECT REPORTS AND FINANCIAL RECEIPTS/REPORTS. PART I, LINE 3: THE ACCOUNTING METHOD USED FOLLOWED GAAP. THE TOTAL EXPENDITURES IN THE REGION IS THE TOTAL OF OUR EXPENDITURES ON SUPPLIES AND SERVICES FOR SYRIAN REFUGEES THROUGH GRANTS TO ORGANIZATIONS THAT PROVIDED EDUCATIONAL SERVICES AND HUMANITARIAN ASSISTANCE TO SYRIAN REFUGEES AND EMERGENCY AID DIRECTLY TO INDIVDIUALS AFFECTED BY THE CRISIS. OUR ORGANIZATION'S MISSION IS TO PROVIDE AID TO THOSE AFFECTED BY THE SYRIAN CRISIS, THEREFORE OUR EFFORTS AND EXPENDITURES ARE CONCENTRATED SOLEY IN THE MIDDLE EAST REGION, WHICH WAS MOST AFFECTED BY THE SYRIAN CRISIS. THE EXPENDITURES WERE USED FOR PROGRAM SERVICES, SUPPLIES, AND OPERATIONS IN TURKEY AND SYRIA. PART III, COL (C): THE FUNDS WERE MONITORED THROUGH WIRE ACKNOWLEDGEMENTS, AND FINANCIAL RECEIPTS FOR ALL ITEMS AND SUPPLIES PURCHASED FOR BENEFICARIES. PART III ACCOUNTING METHOD: BOSTON EVENT 38797 38797 767 PARLOR EVENT 17198 17198 1422 7 30714 30349 365 2547 86709 86344 365 4736 4736 -4371 1 JUMPSTART - ASSISTANCE TO INDIVIDUALS 589 32488 EMERGENCY RENT PAYMENTS, PAYMENTS TOWARDS CARS FOR REFUGEES, DISABILITY SERVICES, BUS TRANSPORTATION CARDS, INSURANCE PAYMENTS, UTILITIY PAYMENTS, GROCERY CARDS. UNIVERSITY AND SUMMER SCHOOL PROGRAM SCHOLARSHIPS 4 652 SCHOLARSHIPS FOR REFUGEE STUDENTS. PART I, LINE 2: THE GRANT FUNDS ARE MONITORED BY REVIEWING THE FINANCIAL AND PROJECT REPORTS THAT ARE SUBMITTED TO US AFTER THE IMPLEMENTATION OF THE PROJECTS. FORM 990, PART VI, SECTION A, LINE 2 AYA SAMMAN (BOARD MEMBER) AND LINA SERGIE ATTAR (CEO/CO-FOUNDER) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THERE WAS NO COMMITTEE WITH AUTHORITY TO ACT IN BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ANNUALLY. THE CEO, BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFLIATIONS OR LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT ARE STRICTLY PROHIBITED. THE ORGANIZATIONS 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, SECTION B, LINE 15A 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, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 152,967. MANAGEMENT AND GENERAL EXPENSES 12,535. FUNDRAISING EXPENSES 2,045. TOTAL EXPENSES 167,547. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 43,145. MANAGEMENT AND GENERAL EXPENSES 16,454. FUNDRAISING EXPENSES 179,857. TOTAL EXPENSES 239,456. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR