2023-11-14T15:55:48-06:00 2022-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2022-01-01 371548241 KARAM FOUNDATION KARA 2245449411 2045 W GRAND AVE STE B PMB 88293 CHICAGO IL 606121577 LINA SERGIE ATTAR CEO & FOUNDER 2245449411 2023-11-14 1 LINA SERGIE ATTAR 999009999 0 MIKE SCHALL P02024184 2122682804 2023-11-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X LINA SERGIE ATTAR 2045 W GRAND AVE STE B PMB 88293 CHICAGO IL 606121577 2426246 0 X KARAMFOUNDATION.ORG X 2007 IL 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. 11 10 10 10 0 0 2832539 2395218 0 0 0 0 7499 15999 2840038 2411217 634475 632420 0 0 1157493 1206767 0 0 333513 757046 944698 2549014 2783885 291024 -372668 4231584 4151416 24854 66166 4206730 4085250 X 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. 0 0 2145548 632420 15495 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. WE RESPOND TO THE BARRIERS THAT SYRIAN REFUGEES FACE BY RELIEVING BURDENS NOW, AS WELL AS ALLOWING FOR OPPORTUNITIES TO BUILD FOR THE FUTURE.TRANSFORMING COMMUNITIES: INVESTING IN THE HEALTH AND RESILIENCE OF REFUGEE SYRIAN FAMILIES AROUND THE WORLD ALLOWS THEM TO THRIVE AND BECOME PROACTIVE COMMUNITY MEMBERS. FROM TARGETED SUPPORT TO NEWLY-SETTLED REFUGEES TO EMERGENCY RELIEF IN (CONTINUE ON SCHEDULE O) TIMES OF CRISIS, WE ENSURE THAT NO FAMILIES ARE RENDERED VICTIMS TO THEIR CIRCUMSTANCES. 2145548 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 IL X LINA SERGIE ATTAR 2245449411 2045 W GRAND AVE STE B PMB 88293 CHICAGO IL 606121577 LINA SERGIE ATTAR CEO & FOUNDER 40.00 X X 117802 0 0 RASHA MANSOURI BOARD CHAIR 5.00 X X 0 0 0 MAMAK SHAHBAZI VICE CHAIR 5.00 X X 0 0 0 RAZAN MASSARANI TREASURER 2.00 X X 0 0 0 AYA SAMMAN SECRETARY 2.00 X X 0 0 0 SANA MUSTAFA DIRECTOR 2.00 X 0 0 0 JOHN O'FARRELL DIRECTOR 2.00 X 0 0 0 SHARAD SAMY DIRECTOR 2.00 X 0 0 0 OMAR SALEM DIRECTOR 2.00 X 0 0 0 ANNA NOLAN DIRECTOR 2.00 X 0 0 0 SARAH RAHMAN DIRECTOR 2.00 X 0 0 0 117802 0 0 1 0 0 0 NUVU LLC 450 MASSACHUSETTS AVE CAMBRIDGE MA 02139 STUDENT COURSES 111817 1 2395218 3599 2395218 30524 15029 15495 15495 OTHER INCOME 504 504 504 2411217 15495 0 504 X 107367 107367 1105 1105 523948 523948 117802 49477 9424 58901 851810 567977 92010 191823 9017 7356 473 1188 113295 92381 5957 14957 114843 93687 6026 15130 444407 337051 100101 7255 32888 22299 5399 5190 102711 59488 43223 122741 104049 6585 12107 72006 70195 733 1078 5044 592 4452 MISCELLANEOUS 71986 68895 975 2116 DUES AND SUBSCRIPTIONS 54665 10288 20637 23740 BANK AND TRANSACTION FE 38250 29393 8829 28 2783885 2145548 304824 333513 2609312 2417771 158363 1438759 1436959 12030 3333 24373 15305 491328 371643 147110 119685 4231584 4151416 22017 63329 2837 2837 24854 66166 X 2179810 2667994 2026920 1417256 4206730 4085250 4231584 4151416 X -372668 251188 X X 0 1 X 1 0 X 3020800 5127793 3326440 2832539 2395218 16702790 3020800 5127793 3326440 2832539 2395218 16702790 3422919 13279871 -2676 -16854 4914 7499 15999 8882 16711672 30524 0.79460 0.81010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 95688 74071 21617 320767 236974 83793 74873 60598 14275 119685 DEFERRED RENT 2837 2837 X 2662405 251188 251188 2411217 0 2411217 2783885 0 2783885 0 2783885 PART X, LINE 2: KARAM FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2019 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSLATION 1 MIDDLE EAST AND NORTH AFRICA PROGRAM RELATED GRANTS AND SUPPORT SCHOLARSHIPS AND GRANTS 523948 0 0 0 0 0 0 523948 0 523948 MIDDLE EAST AND NORTH AFRICA PROGRAM RELATED 168520 WIRE 0 SCHOLARSHIPS AND SUPPORT MIDDLE EAST AND NORTH AFRICA 50 355428 0 0 0 0 0 0 PART I, LINE 2: THE GRANT FUNDS ARE MONITORED BY REVIEWING THE FINANCIAL NAD PROJECT REPORTS THAT ARE SUBMITTED TO KARAM AFTER THE IMPLEMENTATION OF THE PROJECTS. PART III ACCOUNTING METHOD: 1 PAPER AIRPLANES 6 LAWRENCE DR APT 106 PRINCETON NJ 08540 814278267 501(C)(3) 74623 0 GENERAL SUPPORT FINDING REFUGE 7555 SHOLER AVE BRIDGEVIEW IL 60455 842009994 501(C)(3) 11244 0 GENERAL SUPPORT PART I, LINE 2: THE GRANT FUNDS ARE MONITORED BY REVIEWING THE FINANCIAL AND PROJECT REPORTS THAT ARE SUBMITTED TO KARAM AFTER THE IMPLEMENTATION OF THE PROJECTS. FORM 990, PART VI, SECTION A, LINE 2 AYA SAMMAN (BOARD MEMBER) AND LINA SERGIE ATTAR (CEO/FOUNDER) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO INDIVIDUAL COMMITTIES. ALL DECISIONS ARE MADE AT THE BOARD LEVEL. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST ANNUALLY. THE CEO, BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS OR LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY WITH ALL RELATIONSHIPS AND ANY POTENTIAL CONFLICTS ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH KARAM'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE ORGANIZATION'S CEO WAS DETERMINED BY THE BOARD OF DIRECTORS AFTER DOING AN EVALUATION, COMPARABILITY DATA STUDY, DELIBERATION AND THE BOARD DECISION WAS DOCUMENTED. THERE ARE NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 154,437. MANAGEMENT AND GENERAL EXPENSES 30,261. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,698. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 182,614. MANAGEMENT AND GENERAL EXPENSES 69,840. FUNDRAISING EXPENSES 7,255. TOTAL EXPENSES 259,709. FORM 990, PART XI, LINE 9: FOREIGH CURRENCY TRANSLATION 251,188. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.