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The Karma House

Tax-deductible

Lakewood, CO501(c)(3)Community DevelopmentEIN 85-3216470

Our mission is to imporve the lives of our guests and donate proceeds to local charities

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
2 of 4
filings with a surplus
Average surplus $177K a year · 18% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
108% of total assets
Concern: liabilities are 108% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+26% vs prior year
Spent
$1.5M
To programs
70%
Net assets
−$821
By yearFY2021–FY2024
Revenue
$1.4M
FY2024▲ +26%
Revenue by fiscal year
FY2021$590K
FY2022$890K
FY2023$1.1M
FY2024$1.4M
Expenses
$1.5M
FY2024▲ +184%
Expenses by fiscal year
FY2021$620K
FY2022$727K
FY2023$510K
FY2024$1.5M
Net assets
−$821
FY2024▼ -100%
Net assets by fiscal year
FY2021−$34K
FY2022$143K
FY2023$748K
FY2024−$821

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2020.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.0M Management & general 30% · $428K Fundraising 0% · $7K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Deonna Lupola
Secretary
$0Pt VII · Sec A
Nick Gnieski
President
$0Pt VII · Sec A
Mollie Paige
Treasurer
$0Pt VII · Sec A
See The Karma House executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves guests' lives and donates proceeds to local charities.

Provided by the organization

This section is blank until The Karma House claims this page.

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1 program service account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

Our mission is to improve the lives of our guests and donate proceeds to local charities

$1.0Mprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$34
Money outPt IX
$1.5M
Ln 25
Programscol B$1.0M
Managementcol C$428K
Fundraisingcol D$7K
Owns and owesPt X
−$821
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$10K
LiabilitiesLn 26$11K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fundraising eventsLn 1c$6K
Investment incomeLn 3$34
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Total assetsLn 16$10K
LiabilitiesLn 26$11K
Net assetsLn 32−$821
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$676K$9K
Total assetsLn 16$676K$10K
LiabilitiesLn 26−$72K$11K
Net assetsLn 32$748K−$821
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$189K$189K
Other salaries and wagesLn 7$713K$713K
Payroll taxesLn 10$71K$71K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$36K$36K
Professional fundraising feesLn 11e$464$464
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$108K$66K$42K
OccupancyLn 16$127K$127K
TravelLn 17$7K$4K$3K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$165K$159K$2K$4K
All other expensesLn 24e$1K$1K$6
Total functional expensesLn 25$1.5M$1.0M$428K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$1.5M−$39K−$821 990 PDF
FY2023 $1.1M$510K$614K$748K 990 PDF
FY2022 $890K$727K$163K$143K 990 PDF
FY2021 $590K$620K−$29K−$34K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (4 parts)
Part VIII · Statement of revenue $1,411,949 across 6 lines filed
Lines not itemized here account for −$301,968 of total revenue; see the IRS return.
VIII-1c Fundraising events$5,636
VIII-1f All other contributions, gifts and grants$1,708,247
VIII-1h Total contributions, gifts and grants$1,713,883
VIII-3 Investment incomeRelated to mission $34$34
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$301,934 · Unrelated business $0 · Excluded from tax $0$1,411,949
Part IX · Statement of functional expenses $1,450,486 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffManagement $189,000$189,000
IX-7 Other salaries and wagesPrograms $713,162$713,162
IX-10 Payroll taxesPrograms $71,006$71,006
IX-11b Legal feesManagement $25,132$25,132
IX-11c Accounting feesManagement $35,777$35,777
IX-11e Professional fundraising feesFundraising $464$464
IX-12 Advertising and promotionFundraising $2,761$2,761
IX-13 Office expensesPrograms $66,021 · Management $42,412$108,433
IX-16 OccupancyManagement $127,089$127,089
IX-17 TravelPrograms $3,616 · Management $2,900$6,516
IX-23 InsuranceManagement $3,705$3,705
IX-24 Other expenses (24a–d)Programs $159,458 · Management $2,192 · Fundraising $3,617$165,267
IX-24e All other expensesPrograms $1,168 · Management $6$1,174
IX-25 Total functional expensesPrograms $1,015,431 · Management $428,213 · Fundraising $6,842$1,450,486
Part X · Balance sheet $10,306 assets, 7 lines filed
Asset lines not itemized here account for $1,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $675,653$9,306
X-16 Total assetsStart of year $676,183$10,306
X-17 Accounts payable and accrued expensesStart of year −$71,556$11,127
X-26 Total liabilitiesStart of year −$71,556$11,127
X-27 Net assets without donor restrictionsStart of year $747,739−$821
X-32 Total net assets or fund balancesStart of year $747,739−$821
X-33 Total liabilities and net assetsStart of year $676,183$10,306
Part XI · Reconciliation of net assets −$821 net assets at year end
XI-1 Total revenue$1,411,949
XI-2 Total expenses$1,450,486
XI-3 Revenue less expenses−$38,537
XI-4 Net assets at start of year$747,739
XI-8 Prior period adjustments−$710,023
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$821

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

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