Carney Family Charitable Foundation
- Assets
- $7.8m
- Revenue
- $5.6m
- Investments
- $7.7m
- Employees
- 0
- Location
- Bridgewater, MA
- Founding
- 00/0000
- Data as of
- 12/2021
- 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 12/2021, Carney Family Charitable Foundation generated $5.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carney Family Charitable Foundation has awarded 676 individual grants totaling $12,234,621. 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 |
|---|---|---|---|
Glenn Oliveira Executive Director | 40 | $101,347 | |
Kathleen Larisa Director And Special Pojects | 32 | $93,750 | |
Patrick Carney Jr Trustee | 1 | $0 | |
Colleen C Carney Trustee | 1 | $0 | |
Edward H Carney Trustee | 1 | $0 | |
Lillian Carney President And Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,507,954 |
| Interest on Savings | $244 |
| Dividends & Interest | $109,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $960,178 |
| Capital Gain Net Income | $960,178 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,578,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $173,581 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $31,329 |
| Interest | $0 |
| Taxes | $15,793 |
| Depreciation | $533 |
| Occupancy | $28,912 |
| Travel, conferences, and meetings | $169 |
| Printing and publications | $0 |
| Other expenses | $64,429 |
| Total operating and administrative expenses | $379,517 |
| Contributions, gifts, grants paid | $1,971,524 |
| Total expenses and disbursements | $2,351,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,062 |
| Savings and temporary cash investments | $11,127 |
| 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 | $6,114 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,713,003 |
| Net Land, buildings, and equipment | $4,192 |
| Other assets | $0 |
| Total assets | $7,810,498 |
| Accounts payable and accrued expenses | $9,660 |
| 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 | $9,660 |
Grants Awarded
Over the last fiscal year, Carney Family Charitable Foundation has awarded $1,971,524 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
Fall River, MA PURPOSE: CHRISTIAN MISSION | $315,000 |
BOSTON COLLEGE PURPOSE: EDUCATION | $271,750 |
DANA-FARBER CANCER INSTITUTE PURPOSE: HEALTH AND HUMAN SERVICES | $167,667 |
New Bedford, MA PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS TAX EXEMPT PURPOSE | $65,000 |
BOYS AND GIRLS CLUB OF GREATER NEW BEDFORD PURPOSE: HEALTH CARE | $63,500 |
COMMUNITY ECONOMIC DEVELOPMENT CORPORATION (CEDC) PURPOSE: HEALTH CARE | $62,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carney Family Charitable Foundation has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Patrick Carney Foundation Inc % Francis Xj Lynch West Palm Beach, FL PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATION'S EXEMPT PURPOSE | $130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |