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Karuna Foundation EIN 16-1731977

Karuna Foundation

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A private foundation based in Sedona, AZ. It reported about $57K in revenue for 2025. For fiscal year 2025 it reported $57K in revenue, $202K in expenses, and $1.9M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Sedona, AZ
Filings
6 on file (2020–2025)
Revenue
$57KFY2025
Expenses
$202K
Net assets
$1.9M
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  16-1731977 Private foundation / grantmaker Sedona, AZ
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Sedona, AZ. It reported about $57K in revenue for 2025.
Leadership
Anne Cowett · Sole Director, President, Treasurer
Money in and out
$57K revenue, $202K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$57K
Pt VIII · Ln 12
Total expenses
$202K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$144K
Total assets
1.9M
deployed as grants and operations
Grants paid
155K
in FY2025
Grants made
16grants
total in period
Payout rate
8%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 16 grants · $155K · 2025–2025
Center for Victims of TortureFY2025$40,000
Amnesty International USAFY2025$20,000
Centurion MinistriesFY2025$14,000
Arizona Foundation for Legal Services & EducationFY2025$14,000
ACLU Foundation of ArizonaFY2025$13,000
Sedona RecyclesFY2025$12,000
Ashoka Innovators for the PublicFY2025$12,000
St Mary's Food Bank AllianceFY2025$10,000
Vitamin AngelsFY2025$6,000
Aba Fund for Justice and EducationFY2025$5,000
Fisher Center for Alzheimer's ResearchFY2025$2,000
Keep Sedona BeautifulFY2025$2,000
AclpiFY2025$2,000
Solar United NeighborsFY2025$1,000
Friends of the Forest INCFY2025$1,000
Sedona Public LibraryFY2025$1,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$10K
Median grantPart XV$10K
Largest grantPart XV$40K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$57K
FY2025▼ -57%
Expenses
$202K
FY2025▲ +0.8%
Total assets
$1.9M
FY2025▼ -7%
Total liabilities
$0
FY2025
Total revenue
$57K
Pt VIII · Ln 12
Total expenses
$202K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Total assetsPt II$1.9M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKaruna Foundation
EINHdr · item D16-1731977
Principal addressHdr · item CSedona, AZ
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFOct 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Anne Cowett
Sole Director, President, Treasurer
$0Pt VII · Sec A
See Karuna Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$57K
Total revenueLn 12$57K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.77 Operating & administrative $0.23
Grants & contributions paid77%$155K
Operating & administrative23%$47K
Total functional expensesLn 25$202K

Balance Sheet

Part X · end of year
CashLn 1$177K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.9M
Months of cash on handcomputed10.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.9M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $57K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $57K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $57K · Prior year $134K
-57%
Revenue CAGR
FY2020 $110K · FY2025 $57K
-12%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $57K · Expenses $202K
-253%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
—
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
100%
People & payroll
Highest Reported Total Compensation
Individual Anne Cowett · Reported title SOLE DIRECTOR, PRESIDENT, TREASURER · Highest reported compensation $0 · Total expenses $202K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -57%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$57K revenue · viewing · ⤓ 990 PDF
FY2024$134K revenue · ⤓ 990 PDF
FY2023$9K revenue · ⤓ 990 PDF
FY2022$174K revenue · ⤓ 990 PDF
FY2021$196K revenue · ⤓ 990 PDF
FY2020$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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