The Steven E and Michelle Karol Charitable Foundation Trust
Only null% goes to programs Strong reserves Declining revenue
The Steven E and Michelle Karol Charitable Foundation Trust is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1995, with $8,318 in FY2024 revenue. CharityIndex grades it F.
321 Newbury St Ste 2, Boston, MA, 02115 EIN 04-3282853 Since 1995
Revenue (FY2024)
$8,318
▲ 232.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$54K
Net assets
$74K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Steven E and Michelle Karol Charitable Foundation Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating17 mo reserves · -547% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Steven E and Michelle Karol Charitable Foundation Trust: 17 mo reserves · -547% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Steven E and Michelle Karol Charitable Foundation Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Steven E and Michelle Karol Charitable Foundation Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 321 Newbury St Ste 2, Boston, MA, 02115
- City
- Boston
- State
- Massachusetts
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $38K (FY2017) to $8,318 (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $74K
Operating margin
-547.2%
Spent more than it raised in the latest fiscal year.
Total assets
$74K
Total liabilities
$0
Net assets
$74K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,318▲232% | $53,836▼0.9% | $74,061▼38.1% | $74,061▼38.1% | 990PF |
| 2023 | $2,503▼99.5% | $54,311▼61.6% | $119,579▼30.2% | $119,579▼30.2% | 990PF |
| 2022 | $491,977▲391% | $141,585▲70.6% | $171,387▲1753% | $171,387▲1658% | 990PF |
| 2021 | $100,133▼42.4% | $82,997▲32.3% | $9,248▼77.7% | $9,748▼76.5% | 990PF |
| 2020 | $173,855▲192% | $62,725▼9.2% | $41,472▲329% | $41,472▲329% | 990PF |
| 2019 | $59,614▲45.5% | $69,117▲125% | $9,677▼49.5% | $9,677▼51.9% | 990PF |
| 2018 | $40,973▲6.8% | $30,758▲0.2% | $19,180▲114% | $20,123▲124% | 990PF |
| 2017 | $38,368 | $30,683 | $8,965 | $8,965 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Similar organizations in Philanthropy
Compare The Steven E and Michelle Karol Charitable Foundation Trust
Frequently asked questions
- Is The Steven E and Michelle Karol Charitable Foundation Trust a legitimate nonprofit?
- Yes. The Steven E and Michelle Karol Charitable Foundation Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3282853, based in Boston, Massachusetts. Donations are tax-deductible.
- What is The Steven E and Michelle Karol Charitable Foundation Trust's EIN?
- The Steven E and Michelle Karol Charitable Foundation Trust's Employer Identification Number (EIN) is 04-3282853.
- How much revenue does The Steven E and Michelle Karol Charitable Foundation Trust report?
- The Steven E and Michelle Karol Charitable Foundation Trust reported $8,318 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Steven E and Michelle Karol Charitable Foundation Trust have?
- CharityIndex grades The Steven E and Michelle Karol Charitable Foundation Trust F, based on financial health (reserves and operating margin).
More nonprofits in Boston
Explore more
Data for The Steven E and Michelle Karol Charitable Foundation Trust (EIN 04-3282853) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.