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Karate Cares Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842669989 ✦ Oradell, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Karate Cares Foundation Inc?

The Karate Cares Foundation Inc, based on the information given, is a charitable organization that extends its financial aid to both the martial arts and broader community. One of their key initiatives involves providing scholarship book grants to students, thereby supporting academic growth. Although the organization's overall mission and activities beyond this particular program are not explicitly mentioned, it's clear that they aim to make a positive impact in various sectors by offering financial assistance.

Is Karate Cares Foundation Inc legitimate?

Karate Cares Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Karate Cares Foundation Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Karate Cares Foundation Inc?

The Karate Cares Foundation's mission is centered around offering financial aid, extending its reach to both the martial arts community and the general public at large. One of its key initiatives involves providing scholarship book grants to students. In essence, the foundation aims to alleviate financial burdens, thereby fostering opportunities for growth and learning within these two communities.

What is the revenue of Karate Cares Foundation Inc?

Karate Cares Foundation Inc's revenue in 2023 was $10,231.

Who are the executives of Karate Cares Foundation Inc and what are their salaries?

There is 1 key member and their salary:


Larry Barr (Founder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Karate Cares Foundation Inc?

Karate Cares Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Karate Cares Foundation Inc

Karate Cares Foundation, a nonprofit organization, is dedicated to extending financial aid to both the martial arts and wider community. One of its primary initiatives involves offering scholarship book grants to deserving students. Through these programs, the foundation aims to support individuals in their educational pursuits, thereby contributing to the betterment of society as a whole. By providing financial assistance, Karate Cares Foundation seeks to alleviate some of the financial burdens associated with education, enabling students to focus on their studies and achieve their academic goals.

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Impact




August, 2024

Karate Cares Foundation Inc provides vital financial assistance to both the martial arts and general community. By offering scholarship book grants to students, the foundation is empowering individuals to pursue their education and reach their full potential. This support has a direct and tangible impact on the lives of those who benefit from it, opening doors to education and opportunities that may have otherwise been out of reach.




This information is meant to be a general summary of Karate Cares Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$10,231 (2023)
Expenses
$7,017 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $10,231

Assets and Liabilities:

  • Total Assets: $5,478
  • Total Liabilities: $0
  • Net Assets: $5,478

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Organization Details

Principal Officer

Larry Barr

NTEE Category

Code: P30 - Human services

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