Civic Intelligence

Karmatree Foundation

990 • Fiscal year 2018 • EIN 82-1436791

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 18, 2019

Organization ProfileN/A
18011 Mitchell South Suite BIrvine, CA 92614

(949) 250-3129

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

13th percentile

-35%

Faster asset growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$21,019

Down $11,567 (-35%) from 2017

Net Assets

Down

$21,019

Down $11,567 (-35%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $268,300 (-100%) from 2017

Expenses

Down

$11,567

Down $224,147 (-95%) from 2017

Net Income

Down

-$11,567

Down $44,153 (-135%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$40K$20K$0-$20KAssets 2017: $32,586Liabilities 2017: $0Net Assets 2017: $32,5862017Assets 2018: $21,019Liabilities 2018: $0Net Assets 2018: $21,0192018Assets 2019: $8,431Liabilities 2019: $20,000Net Assets 2019: -$11,5692019Assets 2020: $29,040Net Assets 2020: $29,0402020Assets 2021: $27,675Liabilities 2021: $02021

Highlighted filing

2018

Assets$21,019
Liabilities$0
Net Assets$21,019
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

$300K$200K$100K$0-$100KRevenue 2017: $268,300Expenses 2017: $235,714Net Income 2017: $32,5862017Revenue 2018: $0Expenses 2018: $11,567Net Income 2018: -$11,5672018Revenue 2019: $87,825Expenses 2019: $120,413Net Income 2019: -$32,5882019Revenue 2020: $71,900Expenses 2020: $31,289Net Income 2020: $40,6112020Revenue 2021: $0Expenses 2021: $1,363Net Income 2021: -$1,3632021

Highlighted filing

2018

Revenue$0
Expenses$11,567
Net Income-$11,567
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 18, 2019
Return Version
2018v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

To conduct holistic and spiritual education

To conduct holistic and spiritual education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$32,586$21,019▼ $11,567
Total Assets$32,586$21,019▼ $11,567
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$32,586$21,019▼ $11,567
Total Net Assets Fund Balance$32,586$21,019▼ $11,567
Total Liabilities and Net Assets / Fund Balance$32,586$21,019▼ $11,567
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Ofer AmramCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-11,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,567
Total Fundraising Expense$8,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$427$8,530$427
Total Functional Expenses$0$3,037$8,530$11,567
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The governing body reviews the forms and verifies the data on the form”

Form 990, Page 6, Part VI, Line 12C

“All directors, officers, and employees are required to disclose any potential conflicts of interest. Failure to disclose a potential conflict of interest or engaging in a practice determined to be a conflict of interest may result in disciplinary action up to and including termination.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Karmatree Foundation
EIN
82-1436791
Phone
9492503129
Address
18011 MITCHELL SOUTH SUITE B, IRVINE, CA 92614

Signing Officer

Name
Ofer Amram
Title
CFO
Phone
9492503129
Signed
2019-06-18

Organization Details

Principal Officer
Ofer Amram
Voting Board Members
1
Independent Board Members
1
Employees
1

Preparer

Firm
Jacob Lichter
Address
1 HILLCREST CENTER, SPRING VALLEY, NY 10977
Preparer
Jacob Lichter
Phone
8452909701
Raw XML Appendix211 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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IRS990/OtherExpensesGrp/Desc1ACCOUNTING/BOOKKEEPING
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3TRAVEL
IRS990/OtherExpensesGrp/FundraisingAmt08530
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01510
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11100
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IRS990/OtherExpensesGrp/TotalAmt11510
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IRS990ScheduleA/ChurchInd0X
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/Filer/EIN0821436791
ReturnHeader/Filer/PhoneNum09492503129
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ReturnHeader/FilingSecurityInformation/IPTm013:24:47
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,019
Liabilities
$0
Net assets
$21,019
Revenue
$0
Expenses
$11,567
Net income
-$11,567
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Summary only. Only limited summary data is available for this year.$0.28$0.00$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.29$0.72$0.31$0.41
2019Detailed filing. Detailed filing data is available for this year.$0.08$0.20$0.12$0.88$1.20$0.33
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.00$0.12$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$2.68$2.36$0.33