Thomas And Agnes Carvel Foundation
- Assets
- $45.2m
- Revenue
- $3.3m
- Investments
- $44.6m
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 01/1977
- Data as of
- 11/2023
- EIN
- 13-2879673
Organization Overview
Thomas And Agnes Carvel Foundation is located in Yonkers, NY. The organization was established in 1977. 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. Thomas And Agnes Carvel 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, Thomas And Agnes Carvel Foundation generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $4.1m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas And Agnes Carvel Foundation has awarded 1,229 individual grants totaling $20,919,075. 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 |
|---|---|---|---|
Peter Smith President | 25 | $114,533 | |
Joan Magoolaghan Vice President | 1 | $27,502 | |
Marie Holcombe Treasurer | 1 | $27,502 | |
Joseph A Disalvo Director | 1 | $21,751 | |
Daniel H Harris Director | 1 | $27,502 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Radcliffeslebrasseur | 11/29/17 | $104,923 |
Marks Paneth Llp | 11/29/17 | $87,758 |
Koob & Magoolaghan | 11/29/17 | $145,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,181 |
| Dividends & Interest | $982,984 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,270,152 |
| Capital Gain Net Income | $2,270,152 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,838 |
| Total Revenue | $3,259,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,925 |
| Other employee salaries and wages | $161,357 |
| Pension plans, employee benefits | $6,500 |
| Interest | $0 |
| Taxes | $14,172 |
| Depreciation | $2,243 |
| Occupancy | $67,748 |
| Travel, conferences, and meetings | $2,548 |
| Printing and publications | $0 |
| Other expenses | $300,425 |
| Total operating and administrative expenses | $747,681 |
| Contributions, gifts, grants paid | $3,358,130 |
| Total expenses and disbursements | $4,105,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,747 |
| Savings and temporary cash investments | $233,443 |
| 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 | $19,456 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $44,618,872 |
| Net Land, buildings, and equipment | $5,435 |
| Other assets | $103,050 |
| Total assets | $45,190,003 |
| Accounts payable and accrued expenses | $53,500 |
| 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 | $39,054 |
| Total liabilities | $92,554 |
Grants Awarded
Over the last fiscal year, Thomas And Agnes Carvel Foundation has awarded $3,358,130 in support to 169 organizations.
| Grant Recipient | Amount |
|---|---|
914 CARES PURPOSE: UNRESTRICTED GRANT | $25,000 |
AFYA FOUNDATION PURPOSE: UNRESTRICTED GRANT | $40,000 |
AISLING IRISH COMMUNITY CENTER PURPOSE: UNRESTRICTED GRANT | $40,000 |
ALL HALLOWS HIGH SCHOOL PURPOSE: UNRESTRICTED GRANT | $25,000 |
ANCHOR PROGRAM FUND PURPOSE: UNRESTRICTED GRANT | $13,000 |
ALZHEIMER'S FOUNDATION OF AMERICA PURPOSE: UNRESTRICTED GRANT | $25,000 |