Gerald And Janet Carrus Foundation
- Assets
- $5.3m
- Revenue
- $423.7k
- Investments
- $4.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 13-3929249
Organization Overview
Gerald And Janet Carrus Foundation is located in Wilmington, DE. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerald And Janet Carrus 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, Gerald And Janet Carrus Foundation generated $423.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gerald And Janet Carrus Foundation has awarded 67 individual grants totaling $11,529,042. 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 |
|---|---|---|---|
Cathey Romano Executive Dir | 20 | $90,800 | |
Robin Miller Dir | 1 | $0 | |
Janet Carrus Dir, Pres | 1 | $0 | |
Renee Peperone Dir | 1 | $0 | |
Michelle Peperone Dir | 1 | $0 | |
Irving Sitnick Dir, Sec, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $148 |
| Dividends & Interest | $56,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $366,881 |
| Capital Gain Net Income | $366,881 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $119 |
| Total Revenue | $423,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,747 |
| Interest | $0 |
| Taxes | $937 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,780 |
| Total operating and administrative expenses | $174,115 |
| Contributions, gifts, grants paid | $1,025,000 |
| Total expenses and disbursements | $1,199,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $504,069 |
| 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 | $5,331,179 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gerald And Janet Carrus Foundation has awarded $1,025,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Hurleyville, NY PURPOSE: GENERAL & UNRESTRICTED | $525,000 |
TRUSTEES OF COLUMBIA UNIVERSITY PURPOSE: MEDICAL HOUSE STAFF TRAINING PROGRAM COLUMBIA VAGELOS COLLEGE OF PHYSICIANS AND SURGEONS | $250,000 |
Harris, NY PURPOSE: FUNDS FOR HUB KITCHEN CONSTRUCTION/HURLEYVILLE, NY | $150,000 |
Bronx, NY PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Ahava Foundation Kearny, NJ | $69,246,321 | $13,538,690 |
Gerald And Janet Carrus Foundation Wilmington, DE | $5,331,179 | $423,703 |
Dale Kutnick And Laura Gordon Kutnick Foundation Inc Pennington, NJ | $16,101,991 | $2,420,688 |
Bbc Foundation Inc Clarks Summit, PA | $6,714,271 | $953,305 |
American Friends Of Kol Rephael Long Branch, NJ | $295,042 | $0 |