Nonprofit · EIN 85-3216470
KARMA HOUSE INC
Also known as KARMA HOUSE
Tax-exempt · LAKEWOOD, CO 80215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,411,949 | $1,450,486 | -$38,537 | $10,306 | $11,127 | -$821 |
| December 31, 2023 | 990 | $1,123,785 | $510,271 | $613,514 | $676,183 | -$71,556 | $747,739 |
| December 31, 2022 | 990 | $890,288 | $727,305 | $162,983 | $142,924 | $0 | $142,924 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,713,883
- Program service revenue
- $0
- Investment income
- $34
- Net income from sales of inventory
- -$301,968
- Other revenue
- -$301,968
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $189,000
- Other salaries and wages
- $713,162
- Salaries, compensation and benefits (total)
- $973,168
- Professional fundraising fees
- $464
- Legal fees
- $25,132
- Accounting fees
- $35,777
- Occupancy
- $127,089
- Travel
- $6,516
- Program services (functional)
- $1,015,431
- Management and general (functional)
- $428,213
- Fundraising (functional)
- $6,842
Balance sheet and other
- Total assets, start of year
- $676,183
- Total assets, end of year
- $10,306
- Total liabilities, end of year
- $11,127
- Net assets, end of year
- -$821
- Net assets without donor restrictions
- -$821
- Gross receipts
- $1,713,917
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- CO
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 |
|---|---|---|---|
| DEONNA LUPOLA | SECRETARY Officer | 40 | $0 |
| NICK GNIESKI | PRESIDENT Officer | 40 | $0 |
| MOLLIE PAIGE | TREASURER Officer | 40 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEONNA LUPOLA | SECRETARY Officer | 40 | $0 |
| NICK GNIESKI | PRESIDENT Officer | 40 | $0 |
| MOLLIE PAIGE | TREASURER Officer | 40 | $0 |
990 for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEONNA LUPOLA | SECRETARY Officer | 40 | $0 |
| NICK GNIESKI | PRESIDENT Officer | 40 | $0 |
| MOLLIE PAIGE | TREASURER Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 8402 W COLFAX AVE, LAKEWOOD, CO 80215-4009
- In care of
- % MOLLIE PAIGE
- Mailing address (990-N for 2020)
- 608 Garrison St, Lakewood CO 80215
- Principal officer (990-N for 2020)
- Ryan Gnieski, 295 E Speer Blvd Apt 218, Denver CO 80203
- Signed the 990
- MOLLIE PAIGE, SECRETARY
- Website
- THEKARMAHOUSE.ORG
- Return prepared by
- KC Business Consulting
Mission
OUR MISSION IS TO IMPORVE THE LIVES OF OUR GUESTS AND DONATE PROCEEDS TO LOCAL CHARITIES
Program accomplishments
- OUR MISSION IS TO IMPROVE THE LIVES OF OUR GUESTS AND DONATE PROCEEDS TO LOCAL CHARITIESExpenses $1,015,431 · revenue $1,406,279
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 on file |
IRS record
- EIN
- 85-3216470
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $10,306
- Income (IRS master file)
- $1,713,917
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,411,949 | $1,450,486 | $10,306 | IRS |
| 990 | December 2023 | $1,123,785 | $510,271 | $676,183 | XML |
| 990 | December 2022 | $890,288 | $727,305 | $142,924 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Ryan Gnieski | December 31, 2020 | ≤ $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 85-3216470).
Questions about KARMA HOUSE INC
- What is the EIN of KARMA HOUSE INC?
- The employer identification number (EIN) of KARMA HOUSE INC is 85-3216470.
- Is KARMA HOUSE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to KARMA HOUSE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KARMA HOUSE 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 KARMA HOUSE 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 KARMA HOUSE 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 KARMA HOUSE INC?
- The 990-N for 2020 names Ryan Gnieski.
- Who are the officers and directors of KARMA HOUSE INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does KARMA HOUSE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,411,949, expenses of $1,450,486 and total assets of $10,306 at year end.
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