Nonprofit · EIN 93-4978728
KAREN HEARTS FOUNDATION
Tax-exempt · MEMPHIS, TN 38125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $7,280 | $19,115 | -$11,835 | $2,777 | – | $2,777 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,151
- Program service revenue
- $9,818
- Net income from fundraising events
- -$20,089
- Net income from sales of inventory
- -$700
- Other revenue
- $1,100
Expenses
- Compensation of officers, directors and key employees
- $10,648
- Salaries, compensation and benefits (total)
- $10,647
- Professional fees and payments to contractors
- $450
- Occupancy
- $1,650
- Printing, publications and postage
- $668
- Other expenses
- $5,700
- Program services (functional)
- $17,668
Balance sheet and other
- Total assets, start of year
- $14,612
- Total assets, end of year
- $2,777
- Total liabilities, end of year
- –
- Net assets, end of year
- $2,777
- Cash, savings and investments
- $2,777
- Gross receipts
- $29,119
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Laquita D Wright | Executive Director - Senior Consult | 40 | $7,062 |
| Patrick Jenkins | Director - Workforce Development Co | 25 | $3,586 |
Address and contacts
- Address (IRS master file)
- 8498 KAMIN LN, MEMPHIS, TN 38125-4426
- In care of
- % LAQUITA D WRIGHT
- Mailing address (990-N for 2025)
- 8498 Kamin Lane, Memphis TN 38125
- Principal officer (990-N for 2025)
- Laquita Wright, 8498 Kamin Lane, Memphis TN 38125
- Signed the 990-EZ
- Laquita D Wright, Consultant
- Website
- www.khfinstitute.org
Mission
The Karen Hearts Foundation is a 501c3 nonprofit educational institution established to promote equal access to education workforce development and economic opportunity for underserved individuals and families. Our primary exempt purpose is to empower communities through free education job readiness mentorship and industry certification programs that remove barriers to employment and support long-term financial stability.
Program accomplishments
- Step Up for Students: Career & College Readiness Program: The Step Up for Students initiative provides free career and college readiness training mentorship and scholarship opportunities to youth and young adults ages 14-24. The program helps participants develop professional skills earn Google Career Certificates and prepare for high-demand careers in IT business healthcare and skilled trades. In the filing year more than 300 students benefited through mentoring workshops and online learning. Over 200 participants earned industry-recognized credentials and 50 gained internships or paid work experience placements.Expenses $7,825
- Empower Through Access Initiative The Empower Through Access Initiative supports the Foundations mission to bridge the gap between education and employment through virtual learning mentorship and certification access for disadvantaged youth and adults. The program distributed 600+ free certifications hosted 20 virtual training workshops and assisted four partner nonprofits with implementing online education and job placement programs. The initiative served approximately 800 participants across Memphis and Shelby County.Expenses $5,215
- Step Up for Families: Workforce Development & Support Services: Step Up for Families focuses on helping underserved adults and parents access job readiness training financial literacy education and wraparound support services such as childcare assistance housing referrals and transportation resources. The program partnered with community organizations to host six job fairs and financial empowerment workshops reaching over 500 individuals and families. The initiative helped 75 participants secure employment and 120 families connect to educational and financial resources that increased household stability.Expenses $4,628
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 93-4978728
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B80)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Laquita Wright | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Laquita D Wright | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $7,280 | $19,115 | $2,777 | XML |
| 990-N for 2023 Officer: Laquita D Wright | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 93-4978728).
Questions about KAREN HEARTS FOUNDATION
- What is the EIN of KAREN HEARTS FOUNDATION?
- The employer identification number (EIN) of KAREN HEARTS FOUNDATION is 93-4978728.
- Is KAREN HEARTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to KAREN HEARTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KAREN HEARTS FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of KAREN HEARTS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KAREN HEARTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of KAREN HEARTS FOUNDATION?
- The 990-N for 2025 names Laquita Wright.
- Who are the officers and directors of KAREN HEARTS FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $7,062 (Laquita D Wright, Executive Director - Senior Consult).
- How much revenue does KAREN HEARTS FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $7,280, expenses of $19,115 and total assets of $2,777 at year end.
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