Civic Intelligence

The Karese Foundation

990PF • Fiscal year 2019 • EIN 47-5125279

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

PO Box 499Colbert, WA 99005

(509) 238-2708

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Net Margin

3rd percentile

-509%

Higher net margin than 3% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • <$500k nonprofits • Source year 2019

Asset Growth

9th percentile

-46%

Faster asset growth than 9% of similar nonprofits.

2019 filings • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-68%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$369,420

Down $314,285 (-46%) from 2018

Net Assets

Down

$369,420

Down $314,285 (-46%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$61,702

Down $132,742 (-68%) from 2018

Expenses

Down

$375,987

Down $539,590 (-59%) from 2018

Net Income

Up

-$314,285

Up $406,848 (+56%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $2,010,005Liabilities 2015: $02015Assets 2016: $1,922,692Liabilities 2016: $0Net Assets 2016: $1,922,6922016Assets 2017: $1,404,838Liabilities 2017: $0Net Assets 2017: $1,404,8382017Assets 2018: $683,705Liabilities 2018: $0Net Assets 2018: $683,7052018Assets 2019: $369,420Liabilities 2019: $0Net Assets 2019: $369,4202019Assets 2020: $329,225Liabilities 2020: $1Net Assets 2020: $329,2252020Assets 2021: $258,050Liabilities 2021: $1Net Assets 2021: $258,0502021Assets 2022: $429,543Liabilities 2022: $1Net Assets 2022: $429,5432022Assets 2023: $328,790Liabilities 2023: $1Net Assets 2023: $328,7902023

Highlighted filing

2019

Assets$369,420
Liabilities$0
Net Assets$369,420

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $2,010,005Expenses 2015: $0Net Income 2015: $2,010,0052015Revenue 2016: $37,924Expenses 2016: $125,237Net Income 2016: -$87,3132016Revenue 2017: $61,496Expenses 2017: $579,350Net Income 2017: -$517,8542017Revenue 2018: $194,444Expenses 2018: $915,577Net Income 2018: -$721,1332018Revenue 2019: $61,702Expenses 2019: $375,987Net Income 2019: -$314,2852019Revenue 2020: $37,465Expenses 2020: $79,443Net Income 2020: -$41,9782020Revenue 2021: $58,608Expenses 2021: $129,783Net Income 2021: -$71,1752021Revenue 2022: $175,018Expenses 2022: $2,980Net Income 2022: $172,0382022Revenue 2023: $4,366Expenses 2023: $105,119Net Income 2023: -$100,7532023

Highlighted filing

2019

Revenue$61,702
Expenses$375,987
Net Income-$314,285
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRENDA JO CHASETreasurer-$0--
FOSTER H CHASE JRPresident-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid Grant-GENERAL AND UNRESTRICTEDPCWENHAM, MA, US$300,000
Paid GrantCOLLEGE SUCCESS FOUNDATIONUNRESTRICTED OPERATIONAL FUNDINGPCSPOKANE, WA, US$50,000
Paid Grant-GENERAL AND UNRESTRICTEDPCCOLBERT, WA, US$13,000
Filing and Contact Details

Filer

Filer Name
The Karese Foundation
EIN
47-5125279
Phone
5092382708
Address
PO BOX 499, COLBERT, WA 99005

Signing Officer

Name
Foster H Chase Jr
Title
President
Signed
2020-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Barry W Merrell CPA
Address
316 W Boone Ste 670, Spokane, WA 99201
Preparer
Barry W Merrell
Phone
5093269266
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IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd0false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0PO BOX 499
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0COLBERT
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0WA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd099005
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0true
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0FOSTER H CHASE JR
IRS990PF/StatementsRegardingActyGrp/PhoneNum05092382708
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0BRENDA JO CHASE
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm1FOSTER H CHASE JR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt050000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt113000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt2300000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0UNRESTRICTED OPERATIONAL FUNDING
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1GENERAL AND UNRESTRICTED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2GENERAL AND UNRESTRICTED
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0COLLEGE SUCCESS FOUNDATION
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0THE STEWARDS JOURNEY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm1GORDON COLLEGE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt2N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt02917 W FORT GEORGE WRIGHT DR
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1P O BOX 717
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt2255 GRAPEVINE ROAD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0SPOKANE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1COLBERT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2WENHAM
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0WA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1WA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2MA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd099224
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd199005
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd201984
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0363000
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt018327
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt018327
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt0844177
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0470532
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt08944
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt01678867
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0355214
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0844177
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0470532
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt08944
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0373541
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0355214
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt01678867
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt01323653
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LiquidationExplanationStmt/ExplanationTxt0AS EXPLAINED BELOW, THE FOUNDATION HAS NO PLANS FOR DISSOLUTION.THIS STATEMENT IS SUBMITTED TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS DURING THE YEAR. THE DISTRIBUTIONS RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS.THE 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 31, 2019, THE FOUNDATION MADE DISTRIBUTIONS FROM ASSETS FROM SOURCES OTHER THAN CURRENT INCOME. COLLECTIVELY, THE DISTRIBUTIONS IN EXCESS OF CURRENT INCOME TOTALLED $363,000. THIS AMOUNT REPRESENTS 25% OR MORE OF THE FOUNDATION'S NET ASSETS OF $695,831 (AS MEASURED BY FAIR MARKET VALUE) AT THE BEGINNING OF THE FOUNDATION'S TAXABLE YEAR ENDING DECEMBER 31, 2019. ALTHOUGH THE FOUNDATION TECHNICALLY EXPERIENCED A SUBSTANTIAL CONTRACTION, IT WILL CONTINUE IN EXISTENCE AND HAS NO PLANS FOR DISSOLUTION.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.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADMINISTRATIVE FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt010541
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt067
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt010541
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt167
OtherIncomeSchedule2/OtherIncomeDetail/Desc0INTEREST FROM NOTE REC
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt011349
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt011349
OtherNotesLoansRcvblShortSch2/OtherNotesLoansRcvblShortGrp/BalanceDueAmt0282385
OtherNotesLoansRcvblShortSch2/OtherNotesLoansRcvblShortGrp/Organization501c3Name/BusinessNameLine1Txt0FRIENDS OF NWCS LLC
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt02379
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENT MANAGEMENT SERVICES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt02379
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FOSTER H CHASE JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE KARESE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0KARE
ReturnHeader/Filer/EIN0475125279
ReturnHeader/Filer/PhoneNum05092382708
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 499
ReturnHeader/Filer/USAddress/CityNm0COLBERT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd099005
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911537751
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Barry W Merrell CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0316 W Boone Ste 670
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Spokane
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099201
ReturnHeader/PreparerPersonGrp/PhoneNum05093269266
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARRY W MERRELL
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-16T17:13:28-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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