Mark E Carbone Education Foundation Inc
- Assets
- $509.0
- Revenue
- $548.7k
- Investments
- $27.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-2559459
Organization Overview
Mark E Carbone Education Foundation Inc is located in New York, NY. 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. Mark E Carbone Education Foundation Inc 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, Mark E Carbone Education Foundation Inc generated $548.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $395.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mark E Carbone Education Foundation Inc has awarded 59 individual grants totaling $2,161,801. 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 |
|---|---|---|---|
Mark E Carbone President,cfo,director | 5 | $0 | |
Thomas R Califano Secretary,director | 1 | $0 | |
Peter P Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $393,091 |
| Interest on Savings | $0 |
| Dividends & Interest | $2 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $155,644 |
| Capital Gain Net Income | $155,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $548,737 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $390 |
| Total operating and administrative expenses | $7,632 |
| Contributions, gifts, grants paid | $387,650 |
| Total expenses and disbursements | $395,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183 |
| Savings and temporary cash investments | $299 |
| 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 | $509 |
| 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, Mark E Carbone Education Foundation Inc has awarded $387,650 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CITY MEALS ON WHEELS PURPOSE: DONATIONS TO PROVIDE MEALS TO ELDERLY AND DISABLED | $5,000 |
EAST END HOSPICE PURPOSE: GENERAL SUPPORT | $3,255 |
NEW YORK JUNIOR TENNIS LEAGUE PURPOSE: GENERAL SUPPORT | $3,590 |
QUOGUE CHAMBER MUSIC INC PURPOSE: GENERAL SUPPORT | $440 |
UNIVERSITY OF MIAMI PURPOSE: SCHOLARSHIPS | $104,867 |
THE SURF CLUB OF QUOGUE SCHOLARSHIP FUNDS PURPOSE: GENERAL SUPPORT | $7,513 |