Carr Family Foundation
- Assets
- $4.0m
- Revenue
- $116.4k
- Investments
- $3.5m
- Employees
- 0
- Location
- Staunton, VA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 31-1629566
Organization Overview
Carr Family Foundation is located in Staunton, VA. The organization was established in 1999. 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. Carr 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 12/2022, Carr Family Foundation generated $116.4k 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 (7.5%) each year. All expenses for the organization totaled $230.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carr Family Foundation has awarded 219 individual grants totaling $1,463,043. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EDUCATION AND TO HELP UNDERPRIVILEGED STUDENTS OBTAIN A COLLEGE EDUCATION OR VOCATIONAL TRAINING.
TO BENEFIT CHARTIABLE COMMUNITY ORGANIZATIONS.
TO ASSIST THE POOR AND UNDERPRIVILEGED SO THAT THEY MAY HAVE ACCESS TO FOOD, CLOTHING, AND SHELTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitchell O Carr Pres.,treas | 0 | $0 | |
Iris T Carr Secretary | 0 | $0 | |
Todd M Carr V. Pres | 0 | $0 | |
David W Didawick Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $42,298 |
| Dividends & Interest | $103,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,548 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,360 |
| Total Revenue | $116,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,887 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $4,367 |
| Contributions, gifts, grants paid | $226,300 |
| Total expenses and disbursements | $230,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $323,322 |
| Net Accounts receivable | $1,459 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $150,000 |
| 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 | $3,959,347 |
| 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 | $66 |
| Total liabilities | $66 |
Grants Awarded
Over the last fiscal year, Carr Family Foundation has awarded $226,300 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALBEMARLE HIGH SCHOOL PURPOSE: EDUCATION PROMOTION | $1,000 |
AMERICAN FRONTIER CULTURE PURPOSE: BENEFIT COMMUNITY ORGANIZATION | $5,000 |
ANNA'S HOUSE PURPOSE: EDUCATION PROMOTION | $5,000 |
AUGUSTA FREE CLINIC PURPOSE: ASSIST THE POOR | $5,000 |
AUGUSTA HEALTH FOUNDATION PURPOSE: BENEFIT COMMUNITY ORGANIZATION | $10,000 |
AUGUSTA REGIONAL SPCA PURPOSE: BENEFIT COMMUNITY ORGANIZATION | $2,000 |