Nonprofit · EIN 80-0316636
GOOD KARMA FOUNDATION
Tax-exempt · SAN RAFAEL, CA 94901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,291,658 | $269,568 | $1,022,090 | $6,271,181 | $0 | $6,271,181 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,000,000
- Interest
- $291,658
Expenses
- Grants and similar amounts paid
- $265,000
- Disbursements for charitable purposes
- $269,568
- Excise tax on investment income
- $4,054
Balance sheet and other
- Total assets, start of year
- $5,249,091
- Total assets, end of year
- $6,271,181
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,271,181
- Fair market value of assets
- $6,278,119
- Qualifying distributions
- $269,568
- Net investment income
- $291,658
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VASUDEV NARAYANAN 12 LOCKSLY LANE, SAN RAFAEL, CA 94901 | PRESIDENT | 4 | $0 |
| LESLIE VANDYKE 12 LOCKSLY LANE, SAN RAFAEL, CA 94901 | SECRETARY | 1.5 | $0 |
| MAY WONG 27 OAKWOOD DRIVE, SAN RAFAEL, CA 94901 | DIRECTOR | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 12 LOCKSLY LN, SAN RAFAEL, CA 94901-2427
- In care of
- % VASUDEV NARAYANAN
- Signed the 990-PF
- VASUDEV NARAYANAN, PRESIDENT
- Phone
- (415) 297-1914
- Return prepared by
- HAC CERTIFIED PUBLIC ACCOUNTANTS INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 80-0316636
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $6,271,181
- Income (IRS master file)
- $1,291,658
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,333,876 | $40,200 | $5,249,091 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about GOOD KARMA FOUNDATION
- What is the EIN of GOOD KARMA FOUNDATION?
- The employer identification number (EIN) of GOOD KARMA FOUNDATION is 80-0316636.
- Is GOOD KARMA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to GOOD KARMA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GOOD KARMA FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GOOD KARMA FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOOD KARMA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of GOOD KARMA FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does GOOD KARMA FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,291,658, expenses of $269,568 and total assets of $6,271,181 at year end.
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