Carney Family Charitable Foundation
- Assets
- $9.0m
- Revenue
- $5.7m
- Investments
- $8.7m
- Employees
- 0
- Location
- Bridgewater, MA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 04-6614314
Organization Overview
Carney Family Charitable Foundation is located in Bridgewater, MA. The organization was established in 0000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Carney Family 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 12/2022, Carney Family Charitable Foundation generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carney Family Charitable Foundation has awarded 818 individual grants totaling $14,296,900. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen C Carney Trustee | 1 | $0 | |
Darlene Spencer Program Director | 32 | $64,284 | |
Edward H Carney Trustee | 1 | $0 | |
Glenn Oliveira Executive Director | 40 | $93,878 | |
Kathleen Larisa Director And Special Projects/trustee | 32 | $1,449 | |
Lillian Carney President And Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,431 |
| Interest on Savings | $155 |
| Dividends & Interest | $111,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,118,842 |
| Capital Gain Net Income | $3,118,842 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,730,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $158,836 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $40,562 |
| Interest | $0 |
| Taxes | $68,771 |
| Depreciation | $533 |
| Occupancy | $29,850 |
| Travel, conferences, and meetings | $5,143 |
| Printing and publications | $0 |
| Other expenses | $53,764 |
| Total operating and administrative expenses | $421,598 |
| Contributions, gifts, grants paid | $2,063,279 |
| Total expenses and disbursements | $2,484,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,958 |
| Savings and temporary cash investments | $200,282 |
| 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 | $6,915 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,657,716 |
| Net Land, buildings, and equipment | $3,659 |
| Other assets | $0 |
| Total assets | $9,034,530 |
| Accounts payable and accrued expenses | $4,610 |
| 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 | $4,610 |
Grants Awarded
Over the last fiscal year, Carney Family Charitable Foundation has awarded $2,062,279 in support to 142 organizations.
| Grant Recipient | Amount |
|---|---|
3RD EYE YOUTH EMPOWERMENT INC PURPOSE: 3RD EYE YOUTH EMPOWERMENT PROGRAMS | $15,000 |
ALMA DEL MAR CHARTER SCHOOL PURPOSE: ALMAS ALL KIDS BIKE PROJECT | $2,500 |
BERKLEY SCHOLARSHIP FUND PURPOSE: 2022 SCHOLARSHIP SUPPORT | $1,000 |
ALZHEIMER'S ASSOCIATION NYC CHAPTER PURPOSE: GEN OPS FUNDRAISER SUPPORT - DONNA LAJOIE | $1,000 |
BISHOP STANG HIGH SCHOOL PURPOSE: GAME ON: FIELD CAMPAIGN FOR BISHOP STANG | $50,000 |
BIG BROTHERS BIG SISTERS OF EASTERN MASSACHUSETTS PURPOSE: ONE-TO-ONE MENTORING FOR SOUTH COAST YOUTH | $10,000 |