2017-11-14T09:10:31-06:00 2016-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2016-01-01 371548241 KARAM FOUNDATION KARA 2245449411 400 E ILLINOIS RD NO 220 LAKE FOREST IL 60045 OMAR SALEM CHAIRPERSON 7817716141 2017-11-10 1 SUSAN GREGGO P00595460 8472679600 69.8.122.20 2017-11-10 14:39:34 CS P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 5891A060D24EA7E14C377B223419334C1F83DB2D 2016 2017-02-10 21:41:12Z OMAR SALEM 400 E ILLINOIS RD NO 220 LAKE FOREST IL 60045 3269227 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 7 65 0 0 1206389 3198370 34550 0 0 0 81666 16146 1322605 3214516 34670 1413631 0 0 131199 271318 0 0 127840 804363 387131 970232 2072080 352373 1142436 683885 2059256 29707 334642 654178 1724614 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 1047883 960839 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. 701949 452792 THE INNOVATIVE EDUCATION PROGRAM PROVIDES EDUCATION FOR SYRIAN REFUGEES IN TURKEY INCLUDING ESTABLISHMENT OF A COMPUTER LAB AND OTHER EDUCATIONAL PROGRAMS FOR STUDENTS. 30598 0 THE SUSTAINABLE DEVELOPMENT PROGRAM SUPPORTS SUSTAINABLE BUSINESS IN SYRIA THROUGH GRANTS TO ENTERPRENEURS AND PURCHASES OF THEIR PRODUCTS. 1780430 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 7 1 0 0 0 0 0 1 1 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 IL X LINA ATTAR 2245449411 400 E ILLINOIS RD LAKE FOREST IL 60045 LINA SERGIE ATTAR CEO/CO-FOUNDER 40.00 X X 65000 0 0 OMAR SALEM CHAIRMAN 5.00 X X 0 0 0 MOHAMAD OJJEH TREASURER/DIRECTOR OF SMART AID 10.00 X X 0 0 0 MAYA KHATER SECRETARY/DIRECTOR OF EVENTS 2.50 X X 0 0 0 RAZAN WAFAI BEARD 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 2.50 X 0 0 0 65000 0 0 0 0 0 0 0 45375 3152995 3198370 30025 45375 26433 3592 3592 40627 28278 12349 12349 OTHER INCOME 900099 205 205 205 3214516 205 0 15941 135742 135742 1277889 1277889 61750 32500 13000 16250 191314 98163 36384 56767 18254 9425 3562 5267 20613 20613 26736 26736 64110 37693 6620 19797 25180 23508 1672 29232 3724 14831 10677 23809 23750 59 5724 3369 2355 25314 19861 2430 3023 22850 18236 3081 1533 2308 2308 PROGRAM SUPPLIES 76880 76880 SCHOOL TRANSPORTATION 29175 29175 MISCELLANEOUS 15071 6333 7412 1326 VENUE RENTALS 11528 11528 8601 7690 911 2072080 1780430 163810 127840 540946 1370663 400107 139362 166444 39030 86189 3177 3577 83012 683885 2059256 29707 45482 289160 29707 334642 X 647410 1203947 6768 520667 654178 1724614 683885 2059256 1142436 -72000 0 X 0 1 X 0 0 X 252468 646094 928278 1206389 3198370 6231599 252468 646094 928278 1206389 3198370 6231599 75220 6156379 7126 50 205 7381 6238980 70652 0.98680 0.99760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18384 792 17592 67805 2385 65420 83012 X 3214516 0 3214516 0 3214516 2072080 0 2072080 0 2072080 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. 1 MIDDLE EAST AND NORTH AFRICA 2 15 PROGRAM SERVICES, GRANTS TO RECIPIENTS LOCATED IN THE REGION EDUCATION, HUMANITARIAN AID 1277889 2 15 0 0 2 15 1277889 0 1277889 MIDDLE EAST AND NORTH AFRICA SCHOOL OPERATIONS 266950 MIDDLE EAST AND NORTH AFRICA SCHOOL OPERATIONS 106000 MIDDLE EAST AND NORTH AFRICA STUDENT UNIVERSITY SCHOLARSHIPS 27000 MIDDLE EAST AND NORTH AFRICA CLINIC OPERATIONS 13500 MIDDLE EAST AND NORTH AFRICA SCHOOL OPERATIONS 5600 MIDDLE EAST AND NORTH AFRICA SCHOOL OPERATIONS 10300 MIDDLE EAST AND NORTH AFRICA SCHOOL OPERATIONS/ CONSTRUCTION 5000 MIDDLE EAST AND NORTH AFRICA AMBULANCES/ OPERATIONS 91594 MIDDLE EAST AND NORTH AFRICA ASSISTANCE OF WIDOWS 14800 MIDDLE EAST AND NORTH AFRICA RENT ASSISTANCE 10000 MIDDLE EAST AND NORTH AFRICA ALEPPO EVACUATION 7000 MIDDLE EAST AND NORTH AFRICA DENTAL SERVICES 4250 2 10 MILK ASSISTANCE MIDDLE EAST AND NORTH AFRICA 3200 220125 MILK, BABY FORMULA FAIR MARKET VALUE FOOD ASSISTANCE MIDDLE EAST AND NORTH AFRICA 25000 228628 MEAT, GRAINS, WATER, FOOD FAIR MARKET VALUE WINTER RELIEF ASSISTANCE MIDDLE EAST AND NORTH AFRICA 11500 159860 BLANKETS, HEATING FUEL, ETC. FAIR MARKET VALUE SMART LIGHTS -LUMINAID MIDDLE EAST AND NORTH AFRICA 2000 24393 LIGHTS/LAMPS BOOK VALUE SUPPORT SYRIAN REFUGEE FAMILIES MIDDLE EAST AND NORTH AFRICA 237 57147 CASH SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 15 25742 CASH 0 0 0 0 0 1 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 MOTHER'S DAY 11080 1100 9980 1500 1425 4131 10 CHICAGO MOTHER'S DAY 57645 42850 14795 4375 8010 839 3351 2 6675 1425 5250 1173 193 1248 178 75400 45375 30025 7048 9628 6218 3539 26433 3592 1 AMERICAN RELIEF COALITION 1875 CONNECTICUT AVE 10TH FLOOR WASHINGTON DC 20009 471273159 501(C)3 55742 HUMANITARIAN PROJECTS RAHMA RELIEF FOUNDATION 31119 GREENFIELD ROAD BEVERLY HILLS MI 48025 471304361 501(C)3 80000 EMERGENCY RELIEF IN SYRIA 2 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 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,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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.