Harriet & Fred M Cartoun Foundation Inc
- Assets
- $657.3k
- Revenue
- $50.5k
- Investments
- $558.0k
- Employees
- 0
- Location
- Newtown, CT
- Founding
- 03/1950
- Data as of
- 12/2022
- EIN
- 13-6161735
Organization Overview
Harriet & Fred M Cartoun Foundation Inc is located in Newtown, CT. The organization was established in 1950. 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. Harriet & Fred M Cartoun 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.
For the year ending 12/2022, Harriet & Fred M Cartoun Foundation Inc generated $50.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $45.0k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Harriet & Fred M Cartoun Foundation Inc has awarded 53 individual grants totaling $141,350. 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 |
|---|---|---|---|
Melissa Capezio Treasurer | 0 | $0 | |
Andrew Cartoun President | 0 | $0 | |
Bonita Cartoun Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,988 |
| Capital Gain Net Income | $29,988 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,511 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $612 |
| Total operating and administrative expenses | $5,712 |
| Contributions, gifts, grants paid | $39,300 |
| Total expenses and disbursements | $45,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,279 |
| 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 | $164,198 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $657,327 |
| 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 | $186 |
| Total liabilities | $186 |
Grants Awarded
Over the last fiscal year, Harriet & Fred M Cartoun Foundation Inc has awarded $39,300 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION EMANUEL OF WESTCHESTER PURPOSE: GENERAL AID | $8,000 |
DEATH OF CLASSICAL PURPOSE: GENERAL AID | $1,000 |
MARK TWAIN LIBRARY PURPOSE: GENERAL AID | $11,100 |
NEW POND FARM PURPOSE: GENERAL AID | $4,000 |
THE FAITH FOOD PANTRY PURPOSE: GENERAL AID | $3,500 |
THE NEWTOWN FUND PURPOSE: GENERAL AID | $3,500 |