Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.19x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 24.9% of source-year revenue.
Asset Growth
13th percentile
Faster asset growth than 13% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Balance Sheet
Assets
Down$66,934
Down $31,307 (-32%) from 2020
Net Assets
Down$54,134
Down $31,215 (-37%) from 2020
Liabilities
Down$12,800
Down $92 (-0.7%) from 2020
Revenue And Expenses
Revenue
Down$114,626
Down $73,295 (-39%) from 2020
Expenses
Up$145,841
Up $54,161 (+59%) from 2020
Net Income
Down-$31,215
Down $127,456 (-132%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 15, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $117,890
Mission and Program Overview
Mission
Educate children and women by utilizing a culturally-relevant, dynamic syllabus and new technologies, and enable them to have a lifelong love of learning. Empower those in extreme poverty to reach their full potential. Invest in local communities by delivering supplies and nutritious meals - allowing students and their families to focus on learning. Eradicate the cycle of poverty by providing valuable education and making a sustainable change in people's lives.
Is to educate women to empower them, bring them to literacy and financial stability, so that they, in return, can raise tomorrow's generation of next leaders.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDE SKILLS-BASED EDUCATION TO CHILDREN AND WOMEN LIVING IN EXTREME POVERTY TO HELP BREAK THE CYCLE OF POVERTY AND INEQUALITY SUSTAINABLY NOW AND FOR GENERATIONS TO COME. | $0 | $72,424 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| EVELYN KEOMIAN | President | - | $28,523 | - | $28,523 |
| GRACE N'ZE | Secretary | - | $0 | - | - |
| SHERRY AUERBACH | Member | - | $0 | - | - |
| NATALIE HERREMA | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Karat School Project
- EIN
- 82-5036957
- Phone
- 5102289981
- Address
- 801 ALMA STREET H313 313, PALO ALTO, CA 94301
Signing Officer
- Name
- Evelyne Keomian
- Title
- President
- Phone
- 5102289981
- Signed
- 2022-11-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Young Craig Co Llp
- Address
- 2570 W EL CAMINO REAL 150, MOUNTAIN VIEW, CA 94040
- Preparer
- Fernanda Amaral
- Phone
- 6502091800
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: interest income. Amount: 3.”
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 2,999.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising. Amount: 4,366. Description: bank charges. Amount: 2,326. Description: office expenses. Amount: 3,171. Description: training. Amount: 499. Description: conference. Amount: 591. Description: direct program expenes. Amount: 72,424. Description: insurance. Amount: 330. Description: dues & subscriptions. Amount: 851. Description: taxes & licenses. Amount: 25. Description: office supplies. Amount: 2,187. Description: payroll fee. Amount: 40. Total to form 990-ez, line 16: 86,810.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accrued payroll. Beg. Of year amount: 392. End of year amount: 300. Description: paycheck protection program loan. Beg. Of year amount: 12,500. End of year amount: 12,500.”
Raw XML Appendix160 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5102289981 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 801 ALMA STREET H313 313 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | PALO ALTO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 94301 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 98241 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 66934 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 114623 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -31215 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6128 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 98241 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 66934 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 3264 |
| IRS990EZ/GrossReceiptsAmt | 0 | 117890 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 85349 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 54134 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 85349 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 54134 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2999 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 28523 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | EVELYN KEOMIAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GRACE N'ZE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SHERRY AUERBACH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | NATALIE HERREMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 86810 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 3 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | IS TO EDUCATE WOMEN TO EMPOWER THEM, BRING THEM TO LITERACY AND FINANCIAL STABILITY, SO THAT THEY, IN RETURN, CAN RAISE TOMORROW'S GENERATION OF NEXT LEADERS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE SKILLS-BASED EDUCATION TO CHILDREN AND WOMEN LIVING IN EXTREME POVERTY TO HELP BREAK THE CYCLE OF POVERTY AND INEQUALITY SUSTAINABLY NOW AND FOR GENERATIONS TO COME. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 72424 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 49904 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 3264 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 12892 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 12800 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 145841 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 72424 |
| IRS990EZ/TotalRevenueAmt | 0 | 114626 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | THEKSP.ORG |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 114623 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 187921 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 302544 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 302544 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 114623 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 187921 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 302544 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 114623 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 187921 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 302544 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 3. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: DEPRECIATION. AMOUNT: 2,999. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ADVERTISING. AMOUNT: 4,366. DESCRIPTION: BANK CHARGES. AMOUNT: 2,326. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 3,171. DESCRIPTION: TRAINING. AMOUNT: 499. DESCRIPTION: CONFERENCE. AMOUNT: 591. DESCRIPTION: DIRECT PROGRAM EXPENES. AMOUNT: 72,424. DESCRIPTION: INSURANCE. AMOUNT: 330. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 851. DESCRIPTION: TAXES & LICENSES. AMOUNT: 25. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 2,187. DESCRIPTION: PAYROLL FEE. AMOUNT: 40. TOTAL TO FORM 990-EZ, LINE 16: 86,810. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCRUED PAYROLL. BEG. OF YEAR AMOUNT: 392. END OF YEAR AMOUNT: 300. DESCRIPTION: PAYCHECK PROTECTION PROGRAM LOAN. BEG. OF YEAR AMOUNT: 12,500. END OF YEAR AMOUNT: 12,500. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | EVELYNE KEOMIAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5102289981 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | KARAT SCHOOL PROJECT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KARA |
| ReturnHeader/Filer/EIN | 0 | 825036957 |
| ReturnHeader/Filer/PhoneNum | 0 | 5102289981 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 801 ALMA STREET H313 313 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PALO ALTO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94301 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 270995027 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | YOUNG CRAIG CO LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2570 W EL CAMINO REAL 150 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MOUNTAIN VIEW |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 94040 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6502091800 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | FERNANDA AMARAL |
| ReturnHeader/ReturnTs | 0 | 2022-11-15T18:29:09-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | EVELYNE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | KEOMIAN |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $66,934
- Liabilities
- $12,800
- Net assets
- $54,134
- Revenue
- $114,626
- Expenses
- $145,841
- Net income
- -$31,215