Karuna Foundation

Tax-deductible

Niwot, CO501(c)(3)Since 2020AnimalsEIN 85-4026412Revenue $35.4M in FY2024

On file with the IRS7522 Monarch Rd, 80503-8630 · Niwot, COTax-exempt since May 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Supporting the wellbeing of animals, our natural environment and all global citizens.

501(c)(3) charity; gifts are tax-deductible.
99¢ 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

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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
3 of 4
filings with a surplus
Average surplus $350K a year · 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $15.4M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35.4M
+3% vs prior year
Spent
$35.6M
To programs
99%
Net assets
$1.4M
By yearFY2021–FY2024
Revenue
$35.4M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$18.3M
FY2022$26.8M
FY2023$34.5M
FY2024$35.4M
Expenses
$35.6M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$17.8M
FY2022$26.5M
FY2023$33.8M
FY2024$35.6M
Net assets
$1.4M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2021$475K
FY2022$823K
FY2023$1.6M
FY2024$1.4M

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2021.

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% · $35.4M Management & general 1% · $217K

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.

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

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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 15aNo

Programs and updates

Sponsors and supports charitable initiatives focused on animal welfare, environmental conservation, and the wellbeing of global citizens.

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Provided by the organization

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2 programs · $35.4M · in their own filed words · FY2024
01

Distributions and loans to organizations that advocate the wellbeing of animals.

$27.5Mprogram expense
02

Fiscal sponsorship of mission-aligned charitable initiatives.

$7.8Mprogram 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 8 funders →
Grants paid · 157 grants · $27.4M · 2021–2024
Unitemized GrantFY2024$1,635,718
Vegan Hacktivists INCMD · FY2024$535,586
Vegan FriendlyCA · FY2024$465,500
Food Solutions ActionDC · FY2024$400,000
Vegan FtaWA · FY2024$355,424
Effect Partners FBO Vegan StrongFY2024$340,457
Waking JusticeFY2024$200,000
Ashas Farm Sanctuary INCNY · FY2024$136,823
Million Dollar Vegan INCCA · FY2024$115,000
Individual RecipientFY2024$100,000
Afro-Vegan SocietyMD · FY2024$87,500
Bluegrass VegKY · FY2024$85,000
La Farm Animal SaveFY2024$77,500
Pro-Animal FutureCO · FY2024$76,500
Peace 4 AnimalsTX · FY2024$65,000
Robert Cheeke LLCFY2024$54,500
See all 157 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$35.4M
Ln 12
Gifts and grantsLn 1h$35.4M
Money outPt IX
$35.6M
Ln 25
Programscol B$35.4M
Managementcol C$217K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35.4M
Total revenueLn 12$35.4M
Assets in detailPt X, end of year
CashLn 1$2.7M
Cash and savings togetherLn 1–2$2.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.4M
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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$1.8M$2.7M
Total assetsLn 16$2.1M$2.8M
LiabilitiesLn 26$484K$1.4M
Net assetsLn 32$1.6M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.9M$3.9M
Grants to domestic individualsLn 2$1.6M$1.6M
Grants and assistance to foreign recipientsLn 3$27.3M$27.3M
Other salaries and wagesLn 7$98K$98K
Payroll taxesLn 10$8K$8K
Legal feesLn 11b$37K$37K
Accounting feesLn 11c$30K$30K
Other fees for servicesLn 11g$2.4M$2.4M
Advertising and promotionLn 12$130K$130K
Office expensesLn 13$4K$2K$2K
Information technologyLn 14$16K$16K
TravelLn 17$2K$2K
InsuranceLn 23$265$265
Total functional expensesLn 25$35.6M$35.4M$217K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $35.4M$35.6M−$157K$1.4M 990 PDF
FY2023 $34.5M$33.8M$746K$1.6M 990 PDF
FY2022 $26.8M$26.5M$348K$823K 990 PDF
FY2021 $18.3M$17.8M$465K$475K 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 $35,412,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,504,274$35,412,280
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $34,504,274$35,412,280
I-13 Grants and similar amounts paidPrior year $31,431,123$32,856,443
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$106,651
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,326,778$2,606,601
I-18 Total expensesPrior year $33,757,901$35,569,695
I-19 Revenue less expensesPrior year $746,373−$157,415
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $35,412,280 across 3 lines filed
VIII-1f All other contributions, gifts and grants$35,412,280
VIII-1h Total contributions, gifts and grants$35,412,280
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$35,412,280
Part IX · Statement of functional expenses $35,569,695 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,869,480$3,869,480
IX-2 Grants to domestic individualsPrograms $1,647,395$1,647,395
IX-3 Grants and assistance to foreign recipientsPrograms $27,339,568$27,339,568
IX-7 Other salaries and wagesPrograms $98,452$98,452
IX-10 Payroll taxesPrograms $8,199$8,199
IX-11b Legal feesManagement $37,274$37,274
IX-11c Accounting feesManagement $30,441$30,441
IX-11g Other fees for servicesPrograms $2,386,552$2,386,552
IX-12 Advertising and promotionManagement $129,676$129,676
IX-13 Office expensesPrograms $2,500 · Management $1,664$4,164
IX-14 Information technologyManagement $16,173$16,173
IX-17 TravelManagement $2,056$2,056
IX-23 InsurancePrograms $265$265
IX-25 Total functional expensesPrograms $35,352,411 · Management $217,284 · Fundraising $0$35,569,695
Part X · Balance sheet $2,801,014 assets, 9 lines filed
Asset lines not itemized here account for $67,855; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,849,396$2,729,039
X-4 Accounts receivableStart of year $108,933$2,320
X-9 Prepaid expenses and deferred charges$1,800
X-16 Total assetsStart of year $2,052,850$2,801,014
X-17 Accounts payable and accrued expensesStart of year $34,995$82,424
X-26 Total liabilitiesStart of year $483,545$1,389,124
X-27 Net assets without donor restrictionsStart of year $1,569,305$1,411,890
X-32 Total net assets or fund balancesStart of year $1,569,305$1,411,890
X-33 Total liabilities and net assetsStart of year $2,052,850$2,801,014
Part XI · Reconciliation of net assets $1,411,890 net assets at year end
XI-1 Total revenue$35,412,280
XI-2 Total expenses$35,569,695
XI-3 Revenue less expenses−$157,415
XI-4 Net assets at start of year$1,569,305
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,411,890

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

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