Thomas And Agnes Carvel Foundation
- Assets
- $46.6m
- Revenue
- $2.0m
- Investments
- $46.2m
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 01/1977
- Data as of
- 11/2022
- 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 11/2022, Thomas And Agnes Carvel Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $3.3m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas And Agnes Carvel Foundation has awarded 1,204 individual grants totaling $20,187,470. 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 | $110,612 | |
Joan Magoolaghan Vice President | 1 | $26,668 | |
Marie Holcombe Treasurer | 1 | $26,668 | |
Daniel H Harris Director | 1 | $26,668 | |
Joseph A Disalvo Director | 1 | $24,751 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Koob & Magoolaghan | 11/29/17 | $145,401 |
Radcliffeslebrasseur | 11/29/17 | $104,923 |
Marks Paneth Llp | 11/29/17 | $87,758 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $148 |
| Dividends & Interest | $964,141 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,067,424 |
| Capital Gain Net Income | $1,067,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250 |
| Total Revenue | $2,031,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,867 |
| Other employee salaries and wages | $149,387 |
| Pension plans, employee benefits | $9,367 |
| Interest | $0 |
| Taxes | $13,853 |
| Depreciation | $1,921 |
| Occupancy | $62,780 |
| Travel, conferences, and meetings | $1,840 |
| Printing and publications | $0 |
| Other expenses | $314,890 |
| Total operating and administrative expenses | $741,600 |
| Contributions, gifts, grants paid | $2,549,100 |
| Total expenses and disbursements | $3,290,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,890 |
| Savings and temporary cash investments | $29,314 |
| 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 | $45,879 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $46,209,875 |
| Net Land, buildings, and equipment | $7,678 |
| Other assets | $81,547 |
| Total assets | $46,557,183 |
| Accounts payable and accrued expenses | $60,000 |
| 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 | $86,511 |
| Total liabilities | $146,511 |
Grants Awarded
Over the last fiscal year, Thomas And Agnes Carvel Foundation has awarded $2,549,100 in support to 145 organizations.
| Grant Recipient | Amount |
|---|---|
Valhalla, NY PURPOSE: UNRESTRICTED GRANT | $60,000 |
WESTCHESTER ARC PURPOSE: UNRESTRICTED GRANT | $57,000 |
Yonkers, NY PURPOSE: UNRESTRICTED GRANT | $50,000 |
Long Island City, NY PURPOSE: UNRESTRICTED GRANT | $50,000 |
BURKE REHAB PURPOSE: UNRESTRICTED GRANT | $50,000 |
PRESTON HIGH SCHOOL PURPOSE: UNRESTRICTED GRANT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |