Civic Intelligence

Kanshi Ram Memorial Arora (Karma) Foundation

EIN 27-1208026 • Wilmington, DE

Foundation Source 501 Silverside RdWilmington, DE 19809-1377
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-4891%

Higher net margin than 2% of similar nonprofits.

<$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

<$500k nonprofits • Source year 2020

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

<$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-58%

Faster revenue growth than 16% of similar nonprofits.

<$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $326,820 (-100%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$0

Down $326,820 (-100%) from 2019

Operations
Liabilities / Revenue66th percentileNet Margin2nd percentile

Revenue

Down

$6,830

Down $9,261 (-58%) from 2019

Expenses

Up

$340,864

Up $321,192 (+1633%) from 2019

Net Income

Down

-$334,034

Down $330,453 (-9228%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $348,558Liabilities 2011: $0Net Assets 2011: $348,5582011Assets 2012: $345,028Liabilities 2012: $0Net Assets 2012: $345,0282012Assets 2013: $332,514Liabilities 2013: $0Net Assets 2013: $332,5142013Assets 2014: $321,730Liabilities 2014: $0Net Assets 2014: $321,7302014Assets 2015: $328,032Liabilities 2015: $0Net Assets 2015: $328,0322015Assets 2016: $343,400Liabilities 2016: $0Net Assets 2016: $343,4002016Assets 2017: $333,229Liabilities 2017: $0Net Assets 2017: $333,2292017Assets 2018: $330,401Liabilities 2018: $0Net Assets 2018: $330,4012018Assets 2019: $326,820Liabilities 2019: $0Net Assets 2019: $326,8202019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KExpenses 2011: $15,9982011Expenses 2012: $12,3622012Revenue 2013: $7,793Expenses 2013: $20,307Net Income 2013: -$12,5142013Revenue 2014: $9,070Expenses 2014: $19,854Net Income 2014: -$10,7842014Revenue 2015: $25,646Expenses 2015: $19,344Net Income 2015: $6,3022015Revenue 2016: $35,593Expenses 2016: $20,225Net Income 2016: $15,3682016Revenue 2017: $8,561Expenses 2017: $18,732Net Income 2017: -$10,1712017Revenue 2018: $17,795Expenses 2018: $20,623Net Income 2018: -$2,8282018Revenue 2019: $16,091Expenses 2019: $19,672Net Income 2019: -$3,5812019Revenue 2020: $6,830Expenses 2020: $340,864Net Income 2020: -$334,0342020

Highlighted filing

2020

Revenue$6,830
Expenses$340,864
Net Income-$334,034
Open 2020 Filing

Filings

Most recent year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$6,830
Expenses
$340,864
Net income
-$334,034
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.07$3.41$3.34
2019Detailed filing. Detailed filing data is available for this year.$3.27$0.00$3.27$0.16$0.20$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$0.18$0.21$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.09$0.19$0.10
2016Detailed filing. Detailed filing data is available for this year.$3.43$0.00$3.43$0.36$0.20$0.15
2015Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$0.26$0.19$0.06
2014Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$0.09$0.20$0.11
2013Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.08$0.20$0.13
2012Detailed filing. Detailed filing data is available for this year.$3.45$0.00$3.45$0.12
2011Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 10, 2020
Signed
Jan 24, 2022
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daven A KumarVP-$0--
Surinder KumarPres, Dir, Sec-$0--
Filing and Contact Details

Filer

Filer Name
Kanshi Ram Memorial Arora (KARMA) Foundation
EIN
27-1208026
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Surinder Kumar
Title
President
Phone
8008391754
Signed
2022-01-24
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
One Hollow Ln Ste 212, Lake Success, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix256 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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LiquidationExplanationStmt/ExplanationTxt0The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 10, 2020, the Foundation made distributions from assets from sources other than current income in complete liquidation. The Foundation filed the attached Certificate of Dissolution with the Secretary of State of Delaware on December 10, 2020. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. A final distribution of the foundation's expected tax refund of $105 will be made as a grant to a 501(c)(3) public charity per irs regulations.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt07600
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt07600
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt125
OtherIncreasesSchedule/OtherIncreasesDetail/Amt07214
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0GRANTS OF PUBLICLY TRADED SECURITIES
ReasonableCauseExplanation/ExplanationTxt0Kanshi Ram Memorial Arora (KARMA) Foundation (the "Foundation") (EIN: 27-1208026) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation has dissolved and its final Form 990-PF for tax year ending December 20, 2020 was timely filed on extension June 28, 2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the administrator's e-filing software provider did not have the capability to e-file final returns. The e-filing software has since been updated and the Foundation's administrator is now submitting the return via e-file.The delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing.
TaxesSchedule/TaxesDetail/Amt0200
TaxesSchedule/TaxesDetail/Amt1136
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2020
TaxesSchedule/TaxesDetail/CategoryTxt1990-PF Excise Tax for 2019
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SURINDER KUMAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-24
ReturnHeader/DisasterReliefTxt0NEW YORK-HURRICANE IDA
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Kanshi Ram Memorial Arora (KARMA) Foundation
ReturnHeader/Filer/BusinessNameControlTxt0KANS
ReturnHeader/Filer/EIN0271208026
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Success
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02022-01-31T13:34:31-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SURINDER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KUMAR
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-10
ReturnHeader/TaxYr02020

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