Carson-Myre Charitable Foundation
- Assets
- $59.2m
- Revenue
- $4.1m
- Investments
- $56.7m
- Employees
- 0
- Location
- Paducah, KY
- Founding
- 03/2007
- Data as of
- 12/2023
- 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 12/2023, Carson-Myre Charitable Foundation generated $4.1m 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 (8.6%) each year. All expenses for the organization totaled $9.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carson-Myre Charitable Foundation has awarded 683 individual grants totaling $39,720,413. 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
2023
Describe the Organization's Program Activity:
SEE PART XV FOR LIST OF CONTRIBUTIONS MADE IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J William Howerton Trustee | 16 | $69,864 | |
Paducah Bank Trust Co Trustee | 4 | $26,636 | |
Kim Blinkhorn Trustee | 4 | $26,636 | |
J Robert Milford Trustee | 4 | $26,636 | |
W Clay Howerton Trustee | 24 | $92,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,168 |
| Interest on Savings | $113,007 |
| Dividends & Interest | $1,465,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,212,342 |
| Capital Gain Net Income | $2,212,342 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $232,175 |
| Total Revenue | $4,075,748 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $242,408 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,448 |
| Depreciation | $0 |
| Occupancy | $20,578 |
| Travel, conferences, and meetings | $1,265 |
| Printing and publications | $0 |
| Other expenses | $365,518 |
| Total operating and administrative expenses | $708,362 |
| Contributions, gifts, grants paid | $9,075,600 |
| Total expenses and disbursements | $9,783,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,401,123 |
| 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 | $13,232,260 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,342 |
| Total assets | $59,182,239 |
| 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 $9,075,600 in support to 164 organizations.
| Grant Recipient | Amount |
|---|---|
ALL INDIA MISSION PURPOSE: TO PROVIDE CHRISTIAN OUTREACH TO THE POOR | $77,000 |
ALLIANCE DEFENDING FREEDOM PURPOSE: PRESERVE AMERICA'S JUDEO-CHRISTIAN HERITAGE | $25,000 |
ASBURY UNIVERSITY PURPOSE: SUPPORT CHRISTIAN EDUCATIONSUPPORT CHRISTIAN EDUCATION | $15,000 |
BAPTIST HEALTH PADUCAH FOUNDATION PURPOSE: SUPPORT NEW HEART CENTER | $1,100,000 |
PADUCAH GARDEN CLUB PURPOSE: SUPPORT LOCAL CULTURAL ACTIVITIES | $5,000 |
BARREN MINISTRIES PURPOSE: PROVIDE CHRISIAN OUTREACH TO THE POOR | $7,500 |