Nonprofit · EIN 85-1196702
KARUNA HAPPINESS FOUNDATION INC
Tax-exempt · ORLANDO, FL 32804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $120,370 | $8,319 | $112,051 | $541,185 | $0 | $541,185 |
| December 31, 2023 | 990-EZ | $150,033 | $53,008 | $97,025 | $429,709 | – | $429,709 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $110,000
- Program service revenue
- $0
- Investment income
- $10,370
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $895
- Management and general (functional)
- $8,319
Balance sheet and other
- Total assets, start of year
- $429,709
- Total assets, end of year
- $541,185
- Total liabilities, end of year
- $0
- Net assets, end of year
- $541,185
- Net assets without donor restrictions
- $541,185
- Gross receipts
- $120,370
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- FL
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARUN SARDANA | President & CEO Trustee or director | 2 | $0 |
| PAUL GRAMBSCH | Secretary Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARUN SARDANA | President & CEO | 2 | $0 |
| PAUL GRAMBSCH | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1317 EDGEWATER DRIVE 5456, ORLANDO, FL 32804-6350
- In care of
- % ARUN SARDANA
- Principal officer (990 for 2024)
- ARUN SARDANA, 1317 EDGEWATER DRIVE 5456, ORLANDO, FL 32804
- Signed the 990
- ARUN SARDANA, President & CEO
- Phone
- (301) 442-2304
- Return prepared by
- Chawla & Chawla PC
Mission
TO HELP BREAK THE VICIOUS CYCLE OF POVERTY AND ABUSE BY EMPOWERING YOUTH AND WOMEN AND SUPPORTING EARLY CHILDHOOD EDUCATION IN DISADVANTAG COMMUNITIES.
Program accomplishments
- THE FOUNDATION WILL PROVIDE FUNDING TO LOCAL COMMUNITY ORGANIZATIONS, BOTH WITHIN AND OUTSIDE THE UNITED STATES, FOCUSED ON IMPROVING AND QUALITY OF LIFE OF THOSE WHO HAVE BEEN ABANDONED, ORPHANED, ABUSED, OR TRAFFICKED. THE GOAL IS TO PROVIDE SUPPORT FOR EDUCATION, TRAINING, MENTAL HEALTH AND OTHER WELL-BEING EFFORTS SO THAT THE BENEFICIARIES CAN CARVE A SELF-SUSTAINABLE PATH IN LIFE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-1196702
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P12)
- Assets (IRS master file)
- $541,185
- Income (IRS master file)
- $120,370
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $120,370 | $8,319 | $541,185 | XML |
| 990-EZ | December 2023 | $150,033 | $53,008 | $429,709 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 85-1196702).
Questions about KARUNA HAPPINESS FOUNDATION INC
- What is the EIN of KARUNA HAPPINESS FOUNDATION INC?
- The employer identification number (EIN) of KARUNA HAPPINESS FOUNDATION INC is 85-1196702.
- Is KARUNA HAPPINESS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to KARUNA HAPPINESS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KARUNA HAPPINESS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KARUNA HAPPINESS FOUNDATION INC 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 KARUNA HAPPINESS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KARUNA HAPPINESS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ARUN SARDANA.
- Who are the officers and directors of KARUNA HAPPINESS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does KARUNA HAPPINESS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $120,370, expenses of $8,319 and total assets of $541,185 at year end.
Other nonprofits in ORLANDO
- PRESBYTERIAN RETIREMENT COMMUNITIES INC EIN 59-0931267 · last filed 990 for 2025
- CENTRAL FLORIDA CARES HEALTH SYSTEM INC EIN 51-0448002 · last filed 990 for 2025
- CHILDRENS HOME SOCIETY OF FLORIDA EIN 59-0192430 · last filed 990 for 2025
- CENTRAL FLORIDA YOUNG MENS CHRISTIAN ASSOCIATION EIN 59-0624430 · last filed 990 for 2025
- LIFE CONCEPTS INC EIN 59-2013160 · last filed 990 for 2025
- AREA AGENCY ON AGING OF CENTRAL FLORIDA INC EIN 59-3144723 · last filed 990 for 2024
- WESLEY MANOR INC EIN 59-0872675 · last filed 990 for 2025
- HOMELESS SERVICES NETWORK OF CENTRAL FLORIDA INC EIN 59-3213827 · last filed 990 for 2025