Karina Association INC

Tax-deductible

Luthvle Timon, MD501(c)(3)InternationalEIN 26-4445666Revenue $1.1M in FY2024

On file with the IRSkarina-association.org11911 Jenifer Rd, 21093-7473 · Luthvle Timon, MDTax-exempt since Jul 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Individualized programs for young adults of all abilities.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$134K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $134K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 15% of spending
Top officer’s pay lower than 51% of similar orgs
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$54K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+88% vs prior year
Spent
$906K
To programs
99%
Net assets
$611K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +88%
Tap a bar for its year
Revenue by fiscal year
FY2020$257K
FY2021$474K
FY2022$559K
FY2023$601K
FY2024$1.1M
Expenses
$906K
FY2024▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$126K
FY2021$282K
FY2022$411K
FY2023$627K
FY2024$906K
Net assets
$611K
FY2024▲ +59%
Tap a bar for its year
Net assets by fiscal year
FY2020$140K
FY2021$333K
FY2022$490K
FY2023$384K
FY2024$611K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $901K Management & general 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $134K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$133,862Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Biliana Rhodes’s $134K as Executive Director is at the 49th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Biliana Rhodes$133,862$85,700$62,350——
Biliana Borimetchkova———$62,350$47,391
William Rhodes————$15,571

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides tailored programs for young adults with diverse abilities.

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Provided by the organization

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1 program · $901K · in their own filed words · FY2024
01

To provide community development services to our participants, where they are immersed in their community via volunteering and hands-on learning opportunities and to foster personal growth and development of new skills through engagement in community-based activities with people without disabilities.

$901Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$29K
Investment incomeLn 3$5
Money outPt IX
$906K
Ln 25
Programscol B$901K
Managementcol C$5K
Owns and owesPt X
$611K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$664K
LiabilitiesLn 26$54K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$5
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$272K
Cash and savings togetherLn 1–2$272K
Land, buildings, equipmentLn 10c$391K
Total assetsLn 16$664K
LiabilitiesLn 26$54K
Net assetsLn 32$611K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$494K$272K
Land, buildings, equipmentLn 10c−$5K$391K
Total assetsLn 16$505K$664K
LiabilitiesLn 26$121K$54K
Net assetsLn 32$384K$611K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$134K$134K
Other salaries and wagesLn 7$435K$435K
Pension plan contributionsLn 8$9K$9K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$48K$48K
Management feesLn 11a$64K$64K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$33K$33K
Other fees for servicesLn 11g$348$348
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$9K$9K
Information technologyLn 14$5K$5K
OccupancyLn 16$11K$11K
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$309$309
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$44K$44K
Total functional expensesLn 25$906K$901K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$906K$223K$611K 990 PDF
FY2023 $601K$627K−$26K$384K 990 PDF
FY2022 $559K$411K$148K$490K 990 PDF
FY2021 $474K$282K$193K$333K 990 PDF
FY2020 $257K$126K$131K$140K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,129,869 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,991$28,606
I-9 Program service revenuePrior year $570,527$1,101,258
I-10 Investment incomePrior year $17$5
I-11 Other revenue$0
I-12 Total revenuePrior year $600,535$1,129,869
I-13 Grants and similar amounts paidPrior year $30,075$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $447,446$630,671
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $149,313$275,746
I-18 Total expensesPrior year $626,834$906,417
I-19 Revenue less expensesPrior year −$26,299$223,452
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,129,869 across 6 lines filed
VIII-1f All other contributions, gifts and grants$28,606
VIII-1h Total contributions, gifts and grants$28,606
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,101,258$1,101,258
VIII-3 Investment incomeRelated to mission $5$5
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,101,263 · Unrelated business $0 · Excluded from tax $0$1,129,869
Part IX · Statement of functional expenses $906,417 across 19 lines filed
IX-6 Pay of disqualified personsPrograms $133,862$133,862
IX-7 Other salaries and wagesPrograms $435,183$435,183
IX-8 Pension plan contributionsPrograms $9,205$9,205
IX-9 Other employee benefitsPrograms $4,449$4,449
IX-10 Payroll taxesPrograms $47,972$47,972
IX-11a Management feesPrograms $63,765$63,765
IX-11b Legal feesPrograms $3,125$3,125
IX-11c Accounting feesPrograms $33,360$33,360
IX-11g Other fees for servicesPrograms $348$348
IX-12 Advertising and promotionPrograms $3,684$3,684
IX-13 Office expensesPrograms $8,642$8,642
IX-14 Information technologyPrograms $5,288$5,288
IX-16 OccupancyPrograms $11,291$11,291
IX-19 Conferences, conventions and meetingsPrograms $4,869$4,869
IX-20 InterestPrograms $309$309
IX-22 Depreciation, depletion and amortizationManagement $5,084$5,084
IX-23 InsurancePrograms $35,527$35,527
IX-24 Other expenses (24a–d)Programs $56,861$56,861
IX-24e All other expensesPrograms $43,593$43,593
IX-25 Total functional expensesPrograms $901,333 · Management $5,084 · Fundraising $0$906,417
Part X · Balance sheet $664,472 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $494,283$272,341
X-9 Prepaid expenses and deferred charges$1,601
X-10c Land, buildings and equipment, netStart of year −$4,698$390,530
X-16 Total assetsStart of year $504,962$664,472
X-17 Accounts payable and accrued expensesStart of year $99,793$35,267
X-24 Unsecured notes and loans payableStart of year $10,946$10,645
X-26 Total liabilitiesStart of year $121,418$53,951
X-32 Total net assets or fund balancesStart of year $383,544$610,521
X-33 Total liabilities and net assetsStart of year $504,962$664,472
Part XI · Reconciliation of net assets $610,521 net assets at year end
XI-1 Total revenue$1,129,869
XI-2 Total expenses$906,417
XI-3 Revenue less expenses$223,452
XI-4 Net assets at start of year$383,544
XI-8 Prior period adjustments$3,525
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$610,521

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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