Carls Foundation
- Assets
- $116.8m
- Revenue
- $4.1m
- Investments
- $112.9m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 01/1965
- Data as of
- 12/2022
- EIN
- 38-6099935
Organization Overview
Carls Foundation is located in Bloomfield Hills, MI. The organization was established in 1965. 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. Carls 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, Carls Foundation generated $4.1m 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 (8.2%) each year. All expenses for the organization totaled $7.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carls Foundation has awarded 570 individual grants totaling $115,240,471. 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 |
|---|---|---|---|
Elizabeth A Stieg President | 40 | $160,080 | |
Dr Homer E Nye Trustee | 1 | $2,250 | |
Edward C Stieg Trustee | 1 | $2,250 | |
Teresa Krieger-Burke PHD Assistant Treasurer | 1 | $1,500 | |
Bruce M Fleischer PHD Trustee | 1 | $2,250 | |
Donald A Delong ESQ Secretary | 1 | $2,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,185,390 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $894,127 |
| Capital Gain Net Income | $894,127 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,079,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $173,580 |
| Other employee salaries and wages | $107,400 |
| Pension plans, employee benefits | $63,951 |
| Interest | $0 |
| Taxes | $45,353 |
| Depreciation | $2,930 |
| Occupancy | $30,469 |
| Travel, conferences, and meetings | $5,135 |
| Printing and publications | $68 |
| Other expenses | $41,470 |
| Total operating and administrative expenses | $1,104,870 |
| Contributions, gifts, grants paid | $6,653,177 |
| Total expenses and disbursements | $7,758,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,943 |
| Savings and temporary cash investments | $3,732,474 |
| 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 | $17,299,821 |
| Net Land, buildings, and equipment | $3,257 |
| Other assets | $0 |
| Total assets | $116,829,240 |
| 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, Carls Foundation has awarded $11,330,016 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN PURPOSE: GREAT LAKES WAY INITIATIVE | $125,000 |
ARC OF NORTHWEST WAYNE COUNTY PURPOSE: EDUCATIONAL ADVOCACY PROGRAM | $19,700 |
BUILDING BEDS FOR KIDS PURPOSE: BUILDING BEDS FOR KIDS | $29,000 |
UNITED COMM FAMILY SVCSCHALDEAN ASSOC OF LADIES CHARITIES PURPOSE: CAPITAL REPLACEMENT OF PARKING LOT | $45,000 |
WOMEN'S RESOURCE CENTER FOR THE GRAND TRAVERSE AREA PURPOSE: EMERGENCY SHELTER PROGRAM AND MAINTENANCE | $40,000 |
LAND TRUST ALLIANCE PURPOSE: MICHIGAN CONSERVANCY SUPPORT PROGRAM | $100,000 |