Carter Family Foundation
- Assets
- $12.6m
- Revenue
- $294.1k
- Investments
- $11.7m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 10/2005
- Data as of
- 12/2023
- EIN
- 20-3311749
Organization Overview
Carter Family Foundation is located in Wayzata, MN. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Carter Family 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 12/2023, Carter Family Foundation generated $294.1k 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 (23.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carter Family Foundation has awarded 241 individual grants totaling $9,080,373. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Clarke-Carter Director/chief Executive Officer | 0.25 | $0 | |
Robert Lowell Carter Director/officer | 0.25 | $0 | |
Alison Clarke Carter Brown Director/executive Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5 |
| Interest on Savings | $28,485 |
| Dividends & Interest | $259,110 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,451 |
| Capital Gain Net Income | $6,451 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $322 |
| Total operating and administrative expenses | $77,899 |
| Contributions, gifts, grants paid | $1,158,694 |
| Total expenses and disbursements | $1,236,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,190 |
| Savings and temporary cash investments | $801,893 |
| 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 | $11,714,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,639,625 |
| 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, Carter Family Foundation has awarded $1,158,694 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
BE THE MATCH PURPOSE: TO SUPPORT THE BE THE MATCH GALA. | $100,000 |
BEACON INTERFAITH HOUSING COLLABORATIVE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION. | $10,000 |
CHILDREN'S HEALTH DEFENSE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION. | $102,500 |
COMPASSION INTERNATIONAL MINISTRIES PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION. | $3,861 |
CONVENTION OF STATES PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION. | $500 |
EVERY MEAL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION. | $12,072 |