Karam Foundation Nfp FY2022 filing

Tax-deductible

Chicago, IL501(c)(3)Foundations & GrantmakersEIN 37-1548241Revenue $2.4M in FY2022

On file with the IRSkaramfoundation.org2045 W Grand Ave Ste B Pmb 88293, 60612-1577 · Chicago, ILTax-exempt since Dec 2008Publicly supported — 509(a)(2)

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Karam Foundation is dedicated to help people help themselves. We seek to restore the dignity and quality of life for people affected by conflict by eliminating barriers to success through innovative education, entrepreneurial development, and community-driven aid.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$118K 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

FY2022 · 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
3 of 5
filings with a surplus
Average deficit $203K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$118K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $1.1M
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$66K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-15% vs prior year
Spent
$2.8M
To programs
77%
Net assets
$4.1M
By yearFY2020–FY2024
Revenue
$2.4M
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$2.8M
FY2022$2.4M
FY2023$4.6M
FY2024$1.8M
Expenses
$2.8M
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$2.5M
FY2022$2.8M
FY2023$3.7M
FY2024$3.8M
Net assets
$4.1M
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$4.2M
FY2022$4.1M
FY2023$4.7M
FY2024$2.6M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2008.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $2.1M Management & general 11% · $305K Fundraising 12% · $334K

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

11 people listed on the 990; $118K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Founder
$117,802Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lina Sergie Attar’s $122K as CEO is at the 48th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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
Lina Sergie Attar$121,924$121,933$117,802$94,458$82,333
Demetri Fadel$105,057————
Rula Jamous$91,223$91,367———

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

Empowering conflict-affected people through education, entrepreneurship, and community aid to rebuild lives.

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2022
01

Building Leaders

Our programs empowering refugee youth and parents to create multiple pathways to leadership. From innovative education initiatives for refugee teens to awareness programs for mothers and fathers, our programs are designed to provide all-encompassing support.

$2.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 16 funders →
Grants paid · 14 grants · $394K · 2020–2024
Paper Airplanes INCCA · FY2024$42,000
Seeds Film LLCFY2024$39,969
Sye Initiative INCNY · FY2024$30,000
Reaching Across Borders INCGA · FY2024$29,917
Unitemized GrantFY2024$12,120
Finding RefugeIL · FY2024$8,000
Paper Airplanes INCCA · FY2023$42,000
Reaching Across Borders INCGA · FY2023$27,300
Finding RefugeIL · FY2023$7,450
Paper Airplanes INCCA · FY2022$74,623
Finding RefugeIL · FY2022$11,244
Paper Airplanes INCCA · FY2021$52,599
Role Model Movement INC NfpIL · FY2020$8,265

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Other incomeLn 4–11$16K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.1M
Managementcol C$305K
Fundraisingcol D$334K
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$4.2M
LiabilitiesLn 26$66K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Noncash giftsLn 1g$4K
Other incomeLn 4–11$16K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$158K
Cash and savings togetherLn 1–2$2.6M
Land, buildings, equipmentLn 10c$120K
Total assetsLn 16$4.2M
LiabilitiesLn 26$66K
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 511
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.6M$2.6M
Land, buildings, equipmentLn 10c$147K$120K
Total assetsLn 16$4.2M$4.2M
LiabilitiesLn 26$25K$66K
Net assetsLn 32$4.2M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$107K$107K
Grants to domestic individualsLn 2$1K$1K
Grants and assistance to foreign recipientsLn 3$524K$524K
Pay of current officers, directors and key staffLn 5$118K$49K$9K$59K
Other salaries and wagesLn 7$852K$568K$92K$192K
Pension plan contributionsLn 8$9K$7K$473$1K
Other employee benefitsLn 9$113K$92K$6K$15K
Payroll taxesLn 10$115K$94K$6K$15K
Other fees for servicesLn 11g$444K$337K$100K$7K
Office expensesLn 13$33K$22K$5K$5K
OccupancyLn 16$103K$59K$43K
TravelLn 17$123K$104K$7K$12K
Depreciation, depletion and amortizationLn 22$72K$70K$733$1K
InsuranceLn 23$5K$592$4K
Other expenses (24a–d)Ln 24$165K$109K$30K$26K
Total functional expensesLn 25$2.8M$2.1M$305K$334K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$3.8M−$2.0M$2.6M 990 PDF
FY2023 $4.6M$3.7M$815K$4.7M 990 PDF
FY2022 Viewing $2.4M$2.8M−$373K$4.1M 990 PDF
FY2021 $2.8M$2.5M$291K$4.2M 990 PDF
FY2020 $3.3M$3.0M$282K$4.0M 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 FY2022 990 (6 parts)
Part I · Summary $2,411,217 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,832,539$2,395,218
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $7,499$15,999
I-12 Total revenuePrior year $2,840,038$2,411,217
I-13 Grants and similar amounts paidPrior year $634,475$632,420
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,157,493$1,206,767
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $757,046$944,698
I-18 Total expensesPrior year $2,549,014$2,783,885
I-19 Revenue less expensesPrior year $291,024−$372,668
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,411,217 across 5 lines filed
Lines not itemized here account for $15,495 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,395,218
VIII-1g Noncash contributions (included above)$3,599
VIII-1h Total contributions, gifts and grants$2,395,218
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $504$504
VIII-12 Total revenueRelated to mission $15,495 · Unrelated business $0 · Excluded from tax $504$2,411,217
Part IX · Statement of functional expenses $2,783,885 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $107,367$107,367
IX-2 Grants to domestic individualsPrograms $1,105$1,105
IX-3 Grants and assistance to foreign recipientsPrograms $523,948$523,948
IX-5 Pay of current officers, directors and key staffPrograms $49,477 · Management $9,424 · Fundraising $58,901$117,802
IX-7 Other salaries and wagesPrograms $567,977 · Management $92,010 · Fundraising $191,823$851,810
IX-8 Pension plan contributionsPrograms $7,356 · Management $473 · Fundraising $1,188$9,017
IX-9 Other employee benefitsPrograms $92,381 · Management $5,957 · Fundraising $14,957$113,295
IX-10 Payroll taxesPrograms $93,687 · Management $6,026 · Fundraising $15,130$114,843
IX-11g Other fees for servicesPrograms $337,051 · Management $100,101 · Fundraising $7,255$444,407
IX-13 Office expensesPrograms $22,299 · Management $5,399 · Fundraising $5,190$32,888
IX-16 OccupancyPrograms $59,488 · Management $43,223$102,711
IX-17 TravelPrograms $104,049 · Management $6,585 · Fundraising $12,107$122,741
IX-22 Depreciation, depletion and amortizationPrograms $70,195 · Management $733 · Fundraising $1,078$72,006
IX-23 InsurancePrograms $592 · Management $4,452$5,044
IX-24 Other expenses (24a–d)Programs $108,576 · Management $30,441 · Fundraising $25,884$164,901
IX-25 Total functional expensesPrograms $2,145,548 · Management $304,824 · Fundraising $333,513$2,783,885
Part X · Balance sheet $4,151,416 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,609,312$2,417,771
X-2 Savings and temporary cash investments$158,363
X-3 Pledges and grants receivableStart of year $1,438,759$1,436,959
X-8 Inventories for sale or useStart of year $12,030$3,333
X-9 Prepaid expenses and deferred chargesStart of year $24,373$15,305
X-10c Land, buildings and equipment, netStart of year $147,110$119,685
X-16 Total assetsStart of year $4,231,584$4,151,416
X-17 Accounts payable and accrued expensesStart of year $22,017$63,329
X-25 Other liabilitiesStart of year $2,837$2,837
X-26 Total liabilitiesStart of year $24,854$66,166
X-27 Net assets without donor restrictionsStart of year $2,179,810$2,667,994
X-28 Net assets with donor restrictionsStart of year $2,026,920$1,417,256
X-32 Total net assets or fund balancesStart of year $4,206,730$4,085,250
X-33 Total liabilities and net assetsStart of year $4,231,584$4,151,416
Part XI · Reconciliation of net assets $4,085,250 net assets at year end
XI-1 Total revenue$2,411,217
XI-2 Total expenses$2,783,885
XI-3 Revenue less expenses−$372,668
XI-4 Net assets at start of year$4,206,730
XI-9 Other changes in net assets$251,188
XI-10 Net assets at end of year$4,085,250

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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