GOOD KARMA FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: GOOD KARMA FOUNDATION (EIN 80-0316636)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-10-12
IRS object ID: 201802859349100315
Schema version: 2017v2.3
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-10-12T11:16:49-07:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	263874426	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HOLDEN & COMPANY LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	68 MITCHELL BLVD STE 240	AddressLine1Txt
City	SAN RAFAEL	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	949032060	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	800316636	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GOOD KARMA FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GOOD	BusinessNameControlTxt
Phone	4154567416	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	12 LOCKSLY LANE	AddressLine1Txt
City	SAN RAFAEL	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94901	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	VASUDEV NARAYANAN	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	4154567400	PhoneNum
Signature	2018-10-08	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	THOMAS J HOLDEN	PreparerPersonNm
PTIN	P00507742	PTIN
Phone	4154724225	PhoneNum
Preparation	2018-10-08	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	167.68.16.49	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-10-12	IPDt
IP Tm	13:16:49	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	53D458C82320E5CA4BCA37F288A6CEEB15A0A3C7	AtSubmissionCreationDeviceId
At Submission Filing Device Id	A42E0CF4B0CFABFAFDAD50D00CF409967B1ADB50	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2018-06-14 16:35:46Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,932	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$234,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$234,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,005	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$1,005	AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss	$75	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$75	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$45	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$45	OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$1,125	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,050	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$75	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$240,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$240,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$241,125	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,050	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$240,075	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$7,125	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$9,057	CashBOYAmt
Cash EOY	$1,932	CashEOYAmt
Cash EOYFMV	$1,932	CashEOYFMVAmt
Total Assets BOY	$9,057	TotalAssetsBOYAmt
Total Assets EOY	$1,932	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,932	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$9,057	UnrestrictedBOYAmt
Unrestricted EOY	$1,932	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$9,057	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,932	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$9,057	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,932	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$9,057	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$7,125	ExcessRevenueOverExpensesAmt
Subtotal	$1,932	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,932	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$525,050	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$19,184	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	27.369162	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$200,140	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$12,300	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	16.271545	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$120,010	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$14,093	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	8.515575	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$64,833	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$15,563	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	4.165842	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$13,519	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$62,547	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.216141	DistributionYr5Rt
Total Distribution	56.538265	TotalDistributionRt
Average Distribution	11.307653	AverageDistributionRt
Net Vl Noncharitable Assets	$12,686	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$143,449	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$143,449	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$240,075	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	WWW.GOODKARMAFOUNDATION.ORG	WebsiteAddressTxt
Individual With Books	VASUDEV NARAYANAN	IndividualWithBooksNm
Phone	4154567416	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	12 LOCKSLY LANE	AddressLine1Txt
City	SAN RAFAEL	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94901	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
VASUDEV NARAYANAN
12 LOCKSLY LANE	SAN RAFAEL	CA	94901	PRESIDENT	5.00	$0	$0	$0
LESLIE VANDYKE
12 LOCKSLY LANE	SAN RAFAEL	CA	94901	SECRETARY	1.25	$0	$0	$0
MAY WONG
27 OAKWOOD DRIVE	SAN RAFAEL	CA	94901	DIRECTOR	1.25	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$12,879	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$12,879	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$12,879	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$193	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$12,686	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$634	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$634	MinimumInvestmentReturnAmt
Distributable Before Adj	$634	DistributableBeforeAdjAmt
Distributable Before Ded	$634	DistributableBeforeDedAmt
Distributable As Adjusted	$634	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$240,075	ExpensesAndContributionsAmt
Qualifying Distributions	$240,075	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$240,075	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$634	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$4,329	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$64,055	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$119,305	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$199,525	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$524,091	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$911,305	TotalExcessDistributionCyovAmt
Qualifying Distributions	$240,075	QualifyingDistributionsAmt
Applied To Current Year	$634	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$239,441	RemainingDistriFromCorpusAmt
Total Corpus	$1,150,746	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$4,329	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,146,417	ExcessDistriCyovToNextYrAmt
Excess From Year4	$64,055	ExcessFromYear4Amt
Excess From Year3	$119,305	ExcessFromYear3Amt
Excess From Year2	$199,525	ExcessFromYear2Amt
Excess From Year1	$524,091	ExcessFromYear1Amt
Excess From Current Year	$239,441	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	VASUDEV NARAYANAN	ContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	VASUDEV NARAYANAN	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	12 LOCKSLY LANE	AddressLine1Txt
City	SAN RAFAEL	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94901	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	4154567416	RecipientPhoneNum
Form And Info And Materials	NO FORMAL APPLICATION HAS BEEN DEVELOPED.	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	FUNDS ARE TO BE USED FOR EDUCATIONAL AND CHARITABLE PURPOSES IN THE STATE OF KERALA IN INDIA.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GOOD KARMA FOUNDATION - INDIA	BusinessNameLine1Txt

Recipient Foreign Address RecipientForeignAddress

Field	Value	IRS element (for citing)
Address Line1	SREELAKSHMI	AddressLine1Txt
Address Line2	KAYETTIKKARA PO	AddressLine2Txt
City	EMAKULAM	CityNm
Province Or State	KERALA	ProvinceOrStateNm
Country	IN	CountryCd
Foreign Postal	682315	ForeignPostalCd

Field	Value	IRS element (for citing)
Recipient Foundation Status	PUB CHARITY	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	TO SUPPORT CHARITABLE PROGRAMS	GrantOrContributionPurposeTxt
Amt	$240,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$240,000	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
PINETTI LLC
1	200 EUREKA SQUARE	PACIFICA	CA	94044	$9,000	Yes (X)
VASUDEV NARAYANAN
2	12 LOCKSLY LANE	SAN RAFAEL	CA	94901	$225,000	Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$1,005	Amt
Net Investment Income	$1,005	NetInvestmentIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK FEES	$45	$45
WIRE FEES

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	CA ATTORNEY GENERAL FILING FEE	CategoryTxt
Amt	$75	Amt
Disbursements Charitable Prps	$75	DisbursementsCharitablePrpsAmt