Carolyn Riddle Armstrong Charitable Foundation
- Assets
- $2.4m
- Revenue
- $98.9k
- Investments
- $2.4m
- Employees
- 0
- Location
- Fayetteville, NC
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-1422946
Organization Overview
Carolyn Riddle Armstrong Charitable Foundation is located in Fayetteville, NC. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolyn Riddle Armstrong 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 12/2022, Carolyn Riddle Armstrong Charitable Foundation generated $98.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (43.7%) each year. All expenses for the organization totaled $140.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carolyn Riddle Armstrong Charitable Foundation has awarded 75 individual grants totaling $271,679. 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 |
|---|---|---|---|
Carolyn Riddle Armstrong Trustee | 0 | $0 | |
Sharlene Riddle Williams Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34 |
| Dividends & Interest | $50,679 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $48,160 |
| Capital Gain Net Income | $48,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,915 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,285 |
| Contributions, gifts, grants paid | $100,963 |
| Total expenses and disbursements | $140,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,870 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,369,683 |
| 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, Carolyn Riddle Armstrong Charitable Foundation has awarded $100,963 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ANOTHER PERSPECTIVE PURPOSE: TO SUPPORT CHARITABLE MISSION | $1,000 |
BREEZEWOOD CHURCH PURPOSE: TO SUPPORT CHARITABLE MISSION | $1,000 |
CAPE FEAR KIWANIS PURPOSE: TO SUPPORT CHARITABLE MISSION | $1,250 |
CUMBERLAND COUNTY GOLF CHAMPIONSHIP PURPOSE: TO SUPPORT CHARITABLE MISSION | $1,500 |
CUMBERLAND COMMUNITY FOUNDATION PURPOSE: TO SUPPORT CHARITABLE MISSION | $72,563 |
CAROLINA COLLEGE OF BIBLICAL STUDIES PURPOSE: TO SUPPORT CHARITABLE MISSION | $2,500 |