2019-11-11T16:25:17-06:00 2018-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2018-01-01 371548241 KARAM FOUNDATION KARA 2245449411 PO BOX 230 NORTHGATE 742 LAKE FOREST IL 60045 LINA SERGIE ATTAR CEO/CO-FOUNDER 2245449411 2019-11-11 1 SUSAN GREGGO P00595460 8472679600 69.8.122.20 2019-11-11 14:14:22 CS P A3802AA8396C320C375A1AD9E22FE963C4235AD3 09D774B6C166BC373CC3C78707BE95A52065CAF6 2018 2020-03-31 21:24:44Z X LINA SERGIE ATTAR PO BOX 230 NORTHGATE 742 LAKE FOREST IL 60045 3140941 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 13 18 0 0 3847674 3020800 26577 35113 2286 0 84744 63346 3961281 3119259 1327687 1700120 0 0 422016 568574 0 0 205006 1047552 1552366 2797255 3821060 1164026 -701801 3017521 2265445 128881 78606 2888640 2186839 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 1412695 1187583 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. 1639073 505305 THE INNOVATIVE EDUCATION PROGRAM PROVIDES EDUCATION FOR SYRIAN REFUGEES IN TURKEY INCLUDING ESTABLISHMENT OF A COMPUTER LAB AND OTHER EDUCATIONAL PROGRAMS FOR STUDENTS. 42589 7232 35113 THE SUSTAINABLE DEVELOPMENT PROGRAM SUPPORTS SUSTAINABLE BUSINESS IN SYRIA THROUGH GRANTS TO ENTERPRENEURS AND PURCHASES OF THEIR PRODUCTS. 3094357 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 13 1 0 1 TU 0 0 0 1 1 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 96979 0 0 OMAR SALEM CHAIRMAN 5.00 X X 0 0 0 MOHAMAD OJJEH TREASURER/DIRECTOR OF SMAR 10.00 X X 0 0 0 MAYA KHATER DIRECTOR/SECRETARY THROUGH 8/18 2.50 X X 0 0 0 RAZAN WAFAI MASSARANI BOARD MEMBER 2.50 X 0 0 0 AYA SAMMAN SECRETARY/DIRECTOR OF EVEN 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 96979 0 0 0 0 0 0 0 3020800 17091 3020800 SCENTS OF SYRIA 453220 35113 35113 35113 74875 17040 57835 57835 12829 4642 8187 8187 OTHER REVENUE 900099 2714 2714 FOREIGN CURRENCY EXCHA 900099 -5390 -5390 -2676 3119259 37827 0 60632 49500 49500 68233 68233 1582387 1582387 510327 107271 285554 117502 58247 12244 32592 13411 16013 16013 45487 45487 171448 159067 10688 1693 26989 12963 597 13429 63562 47417 14252 1893 9936 1363 8573 139467 106438 30067 2962 125694 72949 18749 33996 2750 2750 49190 46915 2076 199 FOREIGN SALARIES 426446 426446 FOREIGN TEACHER STIPEND 271540 271540 PROGRAM SUPPLIES 66459 66459 MEALS 38088 24938 2348 10802 99297 38227 54701 6369 3821060 3094357 521697 205006 787531 1739754 1551031 433730 189906 38950 25402 20412 26126 352132 78770 173700 273362 12167 10895 3017521 2265445 78881 71622 50000 0 0 6984 128881 78606 X 2025675 1530889 862965 655950 2888640 2186839 3017521 2265445 -701801 0 X X 0 1 X 1 0 X 928278 1206389 3198370 3847674 3020800 12201511 928278 1206389 3198370 3847674 3020800 12201511 653830 11547681 7126 50 205 102286 -2676 106991 12308502 268090 0.93820 0.96860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80072 80072 211480 78770 132710 60580 60580 273362 DEFERRED RENT 6984 6984 X 3137254 17995 17995 3119259 0 3119259 3839055 17995 17995 3821060 0 3821060 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 46 PROGRAM SERVICES, GRANTS AND ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION EDUCATION, HUMANITARIAN AID 1582387 3 46 0 0 3 46 1582387 0 1582387 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, NATIONAL PROJECT PROSTHETIC HEALTH ASSOCIATION 375000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, FUNDING THE CONSTRUCTION OF A CHILDREN'S PLAYGROUND AS PART OF AGREEMENT BETWEEN SAWA AND BSA. 9271 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, WINTER SUPPORT FOR IDPS 15000 MIDDLE EAST AND NORTH AFRICA SUPPORTING EMERGENCY RESPONDERS 189112 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, PROVIDE HUNDREDS OF CHILDREN SAFE ACCESS TO EDUCATION DESPITE THE WAR. 49500 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, TO HELP LOCALS ESTABLISH THEIR BUSINESS AND BECOME SELF SUSTAINING 7232 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, PROVIDE HUNDREDS OF CHILDREN SAFE ACCESS TO EDUCATION DESPITE THE WAR. 1193 FOOD DISTRIBUTION MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 19107 182435 MEAT, GRAINS, WATER, FOOD FAIR MARKET VALUE WINTER RELIEF ASSISTANCE MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 8643 69600 HEATING SUPPLIES FOR SCHOOLS FAIR MARKET VALUE EMERGENCY AID MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 7987 123030 FOOD, BASIC NECESSECITIES, SHELTER SUPPLIES INCLUDING BLANKETS AND MATTRESSES FAIR MARKET VALUE SUPPORT SYRIAN REFUGEE FAMILIES MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 426 161152 CASH 3558 MONTHLY STIPENDS FOR REFUGEE FAMILIES, SCHOOL SUPPLIES, GROCERY CARDS, MEDICAL EXPENSES, ETC. FAIR MARKET VALUE SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 63 351587 FULL-TUITION, PARTIAL-TUTITION, AND GAP FUNDING FOR REFUGEE STUDENTS OUTSIDE THE U.S. NON-FORMAL EDUCATION SUPPORT MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 1800 44717 PROVIDED KARAM HOUSE WITH TRANSPORTATION FOR REFUGEE STUDENTS AND SUPPLIES FOR STUDENT EDUCATION PROJECTS. 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. BOSTON EVENT 18075 0 18075 CHELSEA PUBLIC EVENT 16050 0 16050 7 40750 17300 23450 16207 833 74875 17300 57575 16207 833 17040 40535 1 STUDENTS ORGANIZE FOR SYRIA 8260 FRONTGATE LN INDIANAPOLIS IN 46256 813410686 49500 FMV UNIVERSITY SCHOLARSHIPS / TUITION WAIVERS SUPPORT A STUDENT-LED CAMPAIGN (BOOKS NOT BOMBS), WHICH RESULTED IN UNIVERSITIES OPENING UP SCHOLARSHIP AND TUITION WAIVERS FOR REFUGEE STUDENTS JUMPSTART - ASSISTANCE TO INDIVIDUALS 165 57233 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 13 11000 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR