Robert & Molly Tarr Charitable Foundation is located in Charlotte, NC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert & Molly Tarr Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Robert & Molly Tarr Charitable Foundation generated $540.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $1.1m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert & Molly Tarr Charitable Foundation has awarded 40 individual grants totaling $1,596,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert J Tarr Jr Trustee | 1 | $0 | |
Molly U Tarr Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $35,530 |
Dividends & Interest | $52,043 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $452,707 |
Capital Gain Net Income | $452,648 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $273 |
Total Revenue | $540,553 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $78 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,951 |
Total operating and administrative expenses | $27,489 |
Contributions, gifts, grants paid | $1,090,000 |
Total expenses and disbursements | $1,117,489 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,022 |
Savings and temporary cash investments | $552,685 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $678,346 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $2,717,820 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, Robert & Molly Tarr Charitable Foundation has awarded $1,090,000 in support to 9 organizations.
Grant Recipient | Amount |
---|---|
ALLIANCE TO PROTECT NANTUCKET SOUND PURPOSE: PUBLIC CHARITY - ENVIRONMENTAL | $5,000 |
BEVERLY HOSPITAL PURPOSE: PUBLIC CHARITY - MEDICAL/HOSPITAL - GEORGE SCHARFE FUND | $25,000 |
CALVARY CHAPEL PURPOSE: PUBLIC CHARITY - RELIGIOUS | $5,000 |
NAMI CAPE COD INC PURPOSE: PUBLIC CHARITY - MENTAL ILLNESS - 2023 SIOBHAN LEIGH KINLIN MEMORIAL GOLF TOURNAMENT | $10,000 |
NEW HORIZONS FOUNDATION PURPOSE: PUBLIC CHARITY PROMOTES/SUPPORT DONORS AND CHARITABLE ENDEAVOURS AROUND THE WORLD | $5,000 |
SAMARITAN'S PURSE PURPOSE: PUBLIC CHARITY - PHYSICAL AID/RELIGIOUS | $5,000 |