Karmic Kids Foundation Inc
Karmic Kids Foundation Inc is a private foundation focused on Education, based in Franklin Lakes, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $183K in total assets. Net investment income was $5K.
Karmic Kids Foundation Inc at a glance
- Total assets
- $182,635
- +3.0% vs 2024
- Revenue (2025)
- $7,337
- -14.4% vs 2024
- Net investment income (2025)
- $5,267
- -31.7% vs 2024
- Expenses (2025)
- $2,070
- +140.7% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Karmic Kids Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Karmic Kids Foundation Inc gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $29K (2020) to $206K (2021). In 2021 it made 1 grant totaling $206K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Real Dog Rescue Oakland, NJ | Charitble Contribution to Rescue, Rehibilitate, and Re-Home Dogs | $206,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $182,635 | $7,337 | $2,070 | — | — | — | $5,267 | $8,806 |
| 2024 | $177,368 | $8,567 | $860 | — | — | — | $7,707 | $7,792 |
| 2023 | $169,661 | $7,749 | $856 | — | — | — | $6,926 | $8,079 |
| 2022 | $162,768 | $2,152 | $802 | — | — | — | $1,350 | $7,937 |
| 2021 | $161,418 | $27 | $209,235 | $206,000 | 1 | $206,000 | — | $13,368 |
| 2020 | $370,626 | $-23,766 | $30,166 | $28,842 | 4 | — | $3,184 | $12,743 |
Under IRS private-foundation payout rules, Karmic Kids Foundation Inc reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karmic Kids Foundation Inc is led by Michael J. Lukacs, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael J. Lukacs
President
On filings since 2020
10 hrs/week
No compensation reported
Kristen Lopresti
Secretary & Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Vladimir Kitaygordosky
Vice President
New on the 2025 filing
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Vladimir Kitaygorodsky (2020–2024) — Vice President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Karmic Kids Foundation Inc
How large is Karmic Kids Foundation Inc?
Karmic Kids Foundation Inc reported $183K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $7K.
What is Karmic Kids Foundation Inc?
Karmic Kids Foundation Inc is a private foundation focused on Education, based in Franklin Lakes, NJ. It holds $183K in total assets as of 2025.
Where does Karmic Kids Foundation Inc operate?
Karmic Kids Foundation Inc has awarded grants in Connecticut, New Jersey.
How much is Karmic Kids Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Karmic Kids Foundation Inc reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Karmic Kids Foundation Inc's EIN?
Karmic Kids Foundation Inc's EIN (Employer Identification Number) is 46-1568710. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 8, 2021)
- Added Form 990-PF for fiscal year 2021 (received by the IRS November 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Karmic Kids Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Karmic Kids Foundation Inc's focus areas in our free grants database
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