Carson-Myre Charitable Foundation
- Assets
- $72.6m
- Revenue
- $8.8m
- Investments
- $67.1m
- Employees
- 0
- Location
- Paducah, KY
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 36-4597768
Organization Overview
Carson-Myre Charitable Foundation is located in Paducah, KY. The organization was established in 2007. 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. Carson-Myre Charitable 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, Carson-Myre Charitable Foundation generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $9.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carson-Myre Charitable Foundation has awarded 524 individual grants totaling $31,224,386. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SEE PART XV FOR LIST OF CONTRIBUTIONS MADE IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Clay Howerton Trustee | 24 | $87,352 | |
J William Howerton Trustee | 16 | $65,872 | |
Paducah Bank Trust Co Trustee | 4 | $25,108 | |
J Robert Milford Trustee | 4 | $25,108 | |
Kim Blinkhorn Trustee | 4 | $25,108 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,605 |
| Dividends & Interest | $1,641,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,265,801 |
| Capital Gain Net Income | $5,265,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,870,990 |
| Total Revenue | $8,781,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $228,548 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,012 |
| Depreciation | $0 |
| Occupancy | $18,906 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $493,895 |
| Total operating and administrative expenses | $871,136 |
| Contributions, gifts, grants paid | $8,951,154 |
| Total expenses and disbursements | $9,822,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,478,047 |
| 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 | $11,682,256 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $50,948 |
| Total assets | $72,587,857 |
| 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, Carson-Myre Charitable Foundation has awarded $8,951,154 in support to 168 organizations.
| Grant Recipient | Amount |
|---|---|
LUTHER F CARSON FOUR RIVERS CENTER INC PURPOSE: SPONSOR & SUPPORT CULTURAL EVENTS | $1,445,000 |
BAPTIST HEALTH PADUCAH FOUNDATION PURPOSE: SUPPORT NEW HEART CENTER | $500,000 |
FIRST BAPTIST CHURCH PURPOSE: CHRISTIAN MINISTRY | $315,000 |
FRENCH AFRICIAN CHRISTIAN EDUCATION FOUNDATION INC PURPOSE: GIVE AID AND GOSPEL MESSAGE TO NEEDY | $284,000 |
Paducah, KY PURPOSE: SPONSOR & SUPPORT CULTURAL EVENTS | $250,000 |
MERCY HEALTH FOUNDATION-LOURDES PURPOSE: CHRISTIAN MINISTRY - CHAPLAIN FOR PALLIATIVE CARE | $234,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |