FURP.ORG / PUBLIC DATA EXPLORER

GOOD KARMA FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
GOOD KARMA FOUNDATION (EIN 80-0316636)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-12
IRS object ID
202533169349100048
Schema version
2024v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-12T13:54:17-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN832143394PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HAC CERTIFIED PUBLIC ACCOUNTANTS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11001 D STREET STE AAddressLine1Txt
CitySAN RAFAELCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94901ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800316636EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GOOD KARMA FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGOODBusinessNameControlTxt
Phone4152971914PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line112 LOCKSLY LANEAddressLine1Txt
CitySAN RAFAELCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94901ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVASUDEV NARAYANANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4154567400PhoneNum
Signature2025-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTERENCE CULLENPreparerPersonNm
PTINP01974672PTIN
Phone4154724225PhoneNum
Preparation2025-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$6,278,119FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$291,658InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$291,658InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$1,291,658TotalRevAndExpnssAmt
Total Net Invst Incm$291,658TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,090AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,090AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,478TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$1,478TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,568TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,568TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$265,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$265,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$269,568TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$269,568TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,022,090ExcessRevenueOverExpensesAmt
Net Investment Income$291,658NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,265,216CashBOYAmt
Cash EOY$20,646CashEOYAmt
Cash EOYFMV$20,646CashEOYFMVAmt
Sav And Temp Cash Invst BOY$657SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$911SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$911SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$3,983,218USGovernmentObligationsBOYAmt
US Government Obligations EOY$6,249,624USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$6,256,562USGovtObligationsEOYFMVAmt
Total Assets BOY$5,249,091TotalAssetsBOYAmt
Total Assets EOY$6,271,181TotalAssetsEOYAmt
Total Assets EOYFMV$6,278,119TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$5,249,091NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$6,271,181NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$5,249,091TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$6,271,181TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,249,091TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$6,271,181TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,249,091TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,022,090ExcessRevenueOverExpensesAmt
Subtotal$6,271,181SubtotalAmt
Tot Net Ast Or Fund Balances EOY$6,271,181TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,054InvestmentIncomeExciseTaxAmt
Subtotal$4,054SubtotalAmt
Tax Based On Investment Income$4,054TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$68EsPenaltyAmt
Tax Due$4,122TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.GOODKARMAFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksVASUDEV NARAYANANIndividualWithBooksNm
Phone4154567416PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112 LOCKSLY LANEAddressLine1Txt
CitySAN RAFAELCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94901ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
VASUDEV NARAYANAN
12 LOCKSLY LANESAN RAFAELCA94901PRESIDENT4.00$0$0$0
LESLIE VANDYKE
12 LOCKSLY LANESAN RAFAELCA94901SECRETARY1.50$0$0$0
MAY WONG
27 OAKWOOD DRIVESAN RAFAELCA94901DIRECTOR1.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$5,450,627AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$42,806AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,493,433TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,493,433AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$82,401CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,411,032NetVlNoncharitableAssetsAmt
Minimum Investment Return$270,552MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$270,552MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,054TaxBasedOnInvestmentIncomeAmt
Total Tax$4,054TotalTaxAmt
Distributable Before Adj$266,498DistributableBeforeAdjAmt
Distributable Before Ded$266,498DistributableBeforeDedAmt
Distributable As Adjusted$266,498DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$269,568ExpensesAndContributionsAmt
Qualifying Distributions$269,568QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$266,498DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$514,516ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$514,516TotalExcessDistributionCyovAmt
Qualifying Distributions$269,568QualifyingDistributionsAmt
Applied To Current Year$266,498AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,070RemainingDistriFromCorpusAmt
Total Corpus$517,586TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$514,516ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,070ExcessDistriCyovToNextYrAmt
Excess From Current Year$3,070ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerVASUDEV NARAYANANContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonVASUDEV NARAYANANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112 LOCKSLY LANEAddressLine1Txt
CitySAN RAFAELCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94901ZIPCd
FieldValueIRS element (for citing)
Recipient Phone4154567416RecipientPhoneNum
Form And Info And MaterialsNO FORMAL APPLICATION HAS BEEN DEVELOPED.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsFUNDS ARE TO BE USED FOR EDUCATIONAL AND CHARITABLE PURPOSES IN THE STATE OF KERALA IN INDIA.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCdRecipient Foundation StatusRecipientFoundationStatusTxt
PACIFICANS CARE
PO BOX 875PACIFICACA94044TO SUPPORT CHARITABLE PROGRAMS.$10,000
PACIFICA RESOURCE CENTER
1809 PALMETTO AVEPACIFICACA94044TO SUPPORT CHARITABLE PROGRAMS.$20,000
CENTER FOR DOMESTIC PEACE
734 A STREETSAN RAFAELCA94901TO SUPPORT CHARITABLE PROGRAMS.$10,000
UNIVERSITY OF SOUTH CAROLINA
1705 COLLEGE STCOLUMBIASC29208TO SUPPORT CHARITABLE PROGRAMS$25,000
HRDS INDIA
TO SUPPORT CHARITABLE PROGRAMS$200,000J11 BK DUTT COLONYJOR BAGHNEW DELHIIN110003FOREIGN ORG.
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$265,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$291,658ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$291,658ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$291,658TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonVASUDEV NARAYANANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line112 LOCKSLY LANEAddressLine1Txt
CitySAN RAFAELCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94901ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$3,090Amt
Disbursements Charitable Prps$3,090DisbursementsCharitablePrpsAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$6,249,624USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$6,256,562USGovtObligationsEOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
DEPARTMENT OF JUSTICE$200$200
IRS - FOR 2023$1,236$1,236
FTB$42$42