Joseph And Inez E Carbone Foundation Tr
- Assets
- $1.9m
- Revenue
- $45.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- Utica, NY
- Founding
- 03/1995
- Data as of
- 12/2022
- EIN
- 16-1475079
Organization Overview
Joseph And Inez E Carbone Foundation Tr is located in Utica, NY. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Joseph And Inez E Carbone Foundation Tr 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, Joseph And Inez E Carbone Foundation Tr generated $45.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $255.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joseph And Inez E Carbone Foundation Tr has awarded 267 individual grants totaling $1,319,464. 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 |
|---|---|---|---|
Enessa M Carbone Trustee | 1 | $0 | |
Alexander E Carbone Trustee | 1 | $0 | |
Joseph A Carbone Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,419 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,619 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $426 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,964 |
| Total operating and administrative expenses | $22,150 |
| Contributions, gifts, grants paid | $233,000 |
| Total expenses and disbursements | $255,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,623 |
| Savings and temporary cash investments | $143,836 |
| 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 | $3,424 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,731,315 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,932,198 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
Grants Awarded
Over the last fiscal year, Joseph And Inez E Carbone Foundation Tr has awarded $233,000 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
ABRAHAM HOUSE PURPOSE: GENERAL DONATION | $3,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL DONATION | $1,000 |
ABIGAIL'S ATHLETES PURPOSE: GENERAL DONATION | $1,500 |
BELIEVE 271 FOUNDATION PURPOSE: GENERAL DONATION | $1,500 |
CARE NET PURPOSE: GENERAL DONATION | $2,000 |
CENTRAL NEW YORK VETERAN'S OUTREACH CENTER PURPOSE: GENERAL DONATION | $1,000 |