Fred R & Hazel W Carstensen Memorial Foundation Inc
- Assets
- $2.7m
- Revenue
- -$82.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- 05/1983
- Data as of
- 06/2024
- EIN
- 06-1078756
Organization Overview
Fred R & Hazel W Carstensen Memorial Foundation Inc is located in Fairfield, CT. The organization was established in 1983. 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. Fred R & Hazel W Carstensen Memorial Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Fred R & Hazel W Carstensen Memorial Foundation Inc has awarded 284 individual grants totaling $1,121,250. 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 |
|---|---|---|---|
Elizabeth Tellalian President | 6 | $31,106 | |
Robert S Tellalian Jr Vice President & Treasurer | 3 | $17,457 | |
Nevard W Tellalian Secretary | 3 | $17,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $55 |
| Dividends & Interest | $70,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$153,033 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$82,071 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $66,020 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $429 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,690 |
| Total operating and administrative expenses | $118,448 |
| Contributions, gifts, grants paid | $142,000 |
| Total expenses and disbursements | $260,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $104,935 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,706,554 |
| 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 | $429 |
| Total liabilities | $429 |
Grants Awarded
Over the last fiscal year, Fred R & Hazel W Carstensen Memorial Foundation Inc has awarded $142,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS CONNECTICUT CHAPTER PURPOSE: OPERATIONS | $4,000 |
BRADY'S SMILE PURPOSE: OPERATIONS | $4,000 |
BRIDGEPORT PUBLIC LIBRARY PURPOSE: BRIDGEPORT HISTORIC CENTER | $1,000 |
BRIDGEPORT RESCUE MISSION PURPOSE: OPERATIONS | $4,000 |
BURROUGHS COMMUNITY CENTER PURPOSE: PROGRAMS | $2,000 |
EASTON COMMUNITY CENTER PURPOSE: OPERATIONS | $4,000 |