The Karma House

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

EIN: 853216470 ✦ Lakewood, CO ✦ Designated as a 501(c)(3)

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Overview

What is The Karma House?

The Karma House, located at 608 Garrison St E, Lakewood, CO 80215, is a distinctive nonprofit establishment. Their primary objective is to positively impact the lives of their guests while simultaneously contributing funds to local charitable organizations. The organization carries out this mission by offering services to its guests and channeling the proceeds towards community betterment projects. While the specifics of the charities supported and the nature of the services provided by The Karma House are not detailed in the information provided, it is clear that they are dedicated to making a difference in their local community.


Official website here: www.thekarmahouse.org

What do the Facebook reviews say about The Karma House?

96% of 24 reviewers on Facebook recommend The Karma House. Here is a summary of their reviews:

Many praised the welcoming atmosphere and the friendly staff, highlighting the enjoyable experience they had while visiting. The quality of the kava served received particular acclaim, with several users expressing satisfaction with both the product and the overall vibe of the establishment.

Overall, The Karma House seems to deliver on its promises by providing a warm environment and high-quality offerings, making it a well-regarded choice among patrons.


This AI summary has been generated from reviews found on Facebook.

Is The Karma House legitimate?

The Karma House is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Karma House submitted a form 990, 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: $258,202

For more financial information, click here


Official website here: www.thekarmahouse.org

What is the mission statement of The Karma House?

The mission of The Karma House is centered around enhancing the lives of its guests while making charitable contributions to local organizations. By operating as a business, it seeks to achieve these dual goals. The primary focus is on improving the experiences of its guests, providing them with a service that goes beyond the typical hospitality offerings. Simultaneously, a portion of the proceeds generated from these guest interactions is donated to deserving local charities. This mission statement reflects The Karma House's commitment to making a positive impact in its community, both for its guests and the charitable organizations it supports.


Official website here: www.thekarmahouse.org

Who is the CEO of The Karma House?

Mollie Paige is the Treasurer of The Karma House.


Official website here: www.thekarmahouse.org

What is the revenue of The Karma House?

The Karma House's revenue in 2021 was $590,257.


Official website here: www.thekarmahouse.org

Who are the executives of The Karma House and what are their salaries?


Here are 4 key members and their salaries:


Ryan Gnieski (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Paige (Foundation Mgr.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Gnieski (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deonna Lupola (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thekarmahouse.org

Where can I find the form 990 for The Karma House?

The Karma House's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.thekarmahouse.org

Learn more at the official website: www.thekarmahouse.org

Mission Statement of The Karma House

The Karma House, a nonprofit organization, is committed to enhancing the lives of its guests while also contributing to local charities. Their mission is multifaceted, aiming to improve the well-being of their guests and make a positive impact in their communities. By doing so, The Karma House strives to make a difference in the lives of those it serves, both directly and indirectly. The funds raised from its operations are channeled towards supporting various local charitable causes. This philanthropic approach allows The Karma House to contribute to the betterment of its community, while simultaneously providing a service to its guests.

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Impact




July, 2024

The Karma House's impact can be seen in the tangible improvement of lives of our guests and the valuable donations made to local charities. Through our efforts, we strive to enhance the well-being of individuals who walk through our doors and contribute meaningfully to the betterment of our community through financial support to various causes. This dual approach of benefiting individuals directly and supporting charitable organizations amplifies our positive influence on both a personal and communal level.




This information is meant to be a general summary of The Karma House. 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
$590,257 (2021)
2021$0$150k$300k$450k$600k
Expenses
$619,702 (2021)
2021$0$200k$400k$600k$800k
Efficiency
20210%9%18%27%44%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $590,257

Assets and Liabilities:

  • Total Assets: $116,676
  • Total Liabilities: $150,764
  • Net Assets: -$34,088

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Organization Details

Founding Year

2020

Principal Officer

Mollie Paige

Main Address

608 Garrison St E, Lakewood, CO, 80215

NTEE Category

Code: S12 - Community improvement

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