Carls Foundation
- Assets
- $120.5m
- Revenue
- $14.3m
- Investments
- $116.2m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 01/1965
- Data as of
- 12/2021
- 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 12/2021, Carls Foundation generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carls Foundation has awarded 521 individual grants totaling $99,579,623. 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 Executive Director/ceo | 40 | $151,000 | |
Henry Fleischer Vice President/treasurer | 1 | $0 | |
Dr Homer E Nye Trustee | 1 | $0 | |
Edward C Stieg Trustee | 1 | $0 | |
Bruce M Fleischer PHD Trustee | 1 | $0 | |
Teresa Krieger-Burke PHD Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,934,609 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,345,392 |
| Capital Gain Net Income | $11,345,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,280,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $151,000 |
| Other employee salaries and wages | $120,000 |
| Pension plans, employee benefits | $64,038 |
| Interest | $0 |
| Taxes | $235,846 |
| Depreciation | $2,930 |
| Occupancy | $29,915 |
| Travel, conferences, and meetings | $186 |
| Printing and publications | $231 |
| Other expenses | $41,351 |
| Total operating and administrative expenses | $1,304,379 |
| Contributions, gifts, grants paid | $7,077,096 |
| Total expenses and disbursements | $8,381,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,554 |
| Savings and temporary cash investments | $4,237,263 |
| 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 | $3,128,608 |
| Net Land, buildings, and equipment | $6,187 |
| Other assets | $0 |
| Total assets | $120,507,770 |
| 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 $13,272,150 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
THE NATURE CONSERVANCY PURPOSE: PURCHASE AND PROTECTION OF NORTHPOINT PRESERVE | $1,500,000 |
Traverse City, MI PURPOSE: NICU CAPITAL CAMPAIGN | $1,200,000 |
Traverse City, MI PURPOSE: LOVE THE LAND PRESERVATION CAMPAIGN | $600,000 |
Traverse City, MI PURPOSE: NICU CAPITAL CAMPAIGN | $600,000 |
Traverse City, MI PURPOSE: LOVE THE LAND CAMPAIGN TO PRESERVE NATURAL AREAS AND FARMLANDS | $600,000 |
THE NATURE CONSERVANCY PURPOSE: PURCHASE AND PRESERVATION OF WILDERNESS LAKES PRESERVE | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |
Huntington Foundation Columbus, OH | $456,967 | $10,970,786 |
Lewis W Hyer Trust 098310c Milwaukee, WI | $167,937,358 | $18,090,828 |
Franciscan Health Foundation Inc Mishawaka, IN | $46,155,507 | $9,741,999 |
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |