2018-11-14T09:09:37-06:00 2017-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2017-01-01 371548241 KARAM FOUNDATION KARA 2245449411 PO BOX 230 NORTHGATE 742 NO 220 LAKE FOREST IL 60045 LINA SERGIE ATTAR CEO/CO-FOUNDER 2245449411 2018-11-08 1 SUSAN GREGGO P00595460 8472679600 69.8.122.20 2018-11-08 16:20:21 CS P 4A6EE91FE6917974A449FD47ABB14E7BC9D58E5C 226B1EDFA2DAFF33BCAFF1C48EBE4C3BAA0A5E2D 2017 2019-02-21 02:37:17Z X LINA SERGIE ATTAR PO BOX 230 NORTHGATE 742 NO 220 LAKE FOREST IL 60045 4024581 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. 7 6 18 65 0 0 3198370 3847674 0 26577 0 2286 16146 84744 3214516 3961281 1413631 1327687 0 0 271318 422016 0 0 273250 387131 1047552 2072080 2797255 1142436 1164026 2059256 3017521 334642 128881 1724614 2888640 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 1246727 1063906 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. 948034 263781 100000 THE INNOVATIVE EDUCATION PROGRAM PROVIDES EDUCATION FOR SYRIAN REFUGEES IN TURKEY INCLUDING ESTABLISHMENT OF A COMPUTER LAB AND OTHER EDUCATIONAL PROGRAMS FOR STUDENTS. 74393 26577 THE SUSTAINABLE DEVELOPMENT PROGRAM SUPPORTS SUSTAINABLE BUSINESS IN SYRIA THROUGH GRANTS TO ENTERPRENEURS AND PURCHASES OF THEIR PRODUCTS. 2269154 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 18 1 0 1 TU 0 0 0 1 1 0 0 0 0 X 7 6 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 81424 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 SECRETARY/DIRECTOR OF EVEN 2.50 X X 0 0 0 RAZAN WAFAI BOARD MEMBER 2.50 X 0 0 0 AYA SAMMAN BOARD MEMBER 2.50 X 0 0 0 GHAZI JEIROUDI BOARD MEMBER 2.50 X 0 0 0 OMAR HOSSINO BOARD MEMBER THROUGH 5/17 2.50 X 0 0 0 81424 0 0 0 0 0 0 0 76072 3771602 34226 3847674 SCENTS OF SYRIA 453220 26577 26577 26577 2286 2286 33254 76072 54895 -21641 -21641 14790 8405 6385 6385 GRANT FORFEITURE 900099 100000 100000 100000 3961281 126577 0 -12970 69500 69500 21233 21233 1236954 1236954 81424 20356 20356 40712 311416 105875 75536 130005 29176 9375 7122 12679 21687 21687 41962 41962 197007 182714 11837 2456 39745 2755 10032 26958 64805 59369 3605 1831 5953 3605 2348 33380 27931 5449 78265 49441 13872 14952 40228 4988 35240 26403 24796 1607 FOREIGN SALARIES 227928 227928 PROGRAM SUPPLIES 106352 106352 FOREIGN TEACHER STIPEND 82000 82000 SCHOOL TRANSPORTATION 24322 24322 57515 14648 34450 8417 2797255 2269154 254851 273250 1370663 787531 400107 1551031 166444 433730 38950 39030 20412 203280 29580 83012 173700 0 12167 2059256 3017521 45482 78881 289160 50000 334642 128881 X 1203947 2025675 520667 862965 1724614 2888640 2059256 3017521 1164026 0 X X 0 1 X 1 0 X 646094 928278 1206389 3198370 3847674 9826805 646094 928278 1206389 3198370 3847674 9826805 202542 9624263 7126 50 205 102286 109667 9936472 145273 0.96860 0.98680 X 59209 5605 53604 102037 14873 87164 42034 9102 32932 173700 X 3976706 15425 15425 3961281 0 3961281 2812680 15425 15425 2797255 0 2797255 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 24 PROGRAM SERVICES, GRANTS AND ASSISTANCE TO RECIPIENTS LOCATED IN THE REGION EDUCATION, HUMANITARIAN AID 1236372 3 24 0 0 3 24 1236372 0 1236372 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, SUPPORTING THE VOICES PROJECT HUMANITARIAN CAMPAIGNS TO AID THOSE INJURED AND PROMOTE THE END OF THE CONFLICT. 100315 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, NATIONAL PROJECT PROSTHETIC HEALTH ASSOCIATION 20000 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. 24583 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, SMART AID TOWARDS BASMEH & ZEITOONEH 3973 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, EMERGENCY AID FOOD DISTRIBUTION 50000 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, HAPPY FARM PROJECT 30000 MILK ASSISTANCE MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2600 95125 MILK, BABY FORMULA FAIR MARKET VALUE RAMADAN FOOD DISTRIBUTION MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 39644 129811 MEAT, GRAINS, WATER, FOOD FAIR MARKET VALUE WINTER RELIEF ASSISTANCE MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 6445 34050 BLANKETS, HEATING FUEL, ETC. FAIR MARKET VALUE EMERGENCY AID MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 8000 141000 FOOD, BASIC NECESSECITIES FAIR MARKET VALUE SUPPORT SYRIAN REFUGEE FAMILIES MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 362 401977 CASH SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 49 194281 CASH BEARS FOR REFUGEE CHILDREN MIDDLE EAST AND NORTH AFRICA 249 11840 THERAPY BEARS 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. CHELSEA HANDLER LUNCH 94801 63161 31640 3730 27074 17000 INTIMATE DINNER WITH CHELSEA 7500 6900 600 2800 7 7025 6011 1014 4291 109326 76072 33254 3730 34165 17000 54895 -21641 1 ATASSI FOUNDATION 5620 S GARFIELD ST HINSDALE IL 60521 383611300 501(C)3 69500 TO CREATE A SUSTAINABLE & INFORMATIVE PLATFORM FOR SYRIAN ARTISTIC EXPRESSION & KNOWLEDGETO CREATE A SUSTAINABLE & INFORMATIVE PLATFORM FOR SYRIAN ARTISTIC EXPRESSION & KNOWLEDGETO CREATE A SUSTAINABLE & INFORMATIVE PLATFORM FOR SYRIAN ARTISTIC EXPRESSION & KNOWLEDGETO CREATE A SUSTAINABLE & INFORMATIVE PLATFORM FOR SYRIAN ARTISTIC EXPRESSION & KNOWLEDGE LIBANAIS - MEALS IN CHICAGO 20 500 MEALS FOR CHICAGO REFUGEES YMCA PROGRAM REGISTRATIONS 10 1666 REGISTRATION FEES FOR YMCA PROGRAMS FOR 10 INDIVIDUALS HALLOWEEN REFUGEE PARTY EXPENSE 30 76 PARTY SET UP COST TO HELP THE REFUGEES JUMP START 22 18991 AUTO INSURANCE PAYMENTS, CAR REPAIRS, GROCERIES 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. X 6050 X 1 4500 X COMPUTER EQUIPMENT 1 11600 X TRAVEL COSTS 1 3094 X PROGRAM SUPPLIES 1 520 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 AYA SAMMAN (BOARD MEMBER) AND LINA SERGIE ATTAR (CEO/CO-FOUNDER) ARE SECOND COUSINS. 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.