Caroline Foundation Inc
- Assets
- $15.7m
- Revenue
- -$677.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Denton, MD
- Founding
- 05/1976
- Data as of
- 06/2023
- EIN
- 52-0906348
Organization Overview
Caroline Foundation Inc is located in Denton, MD. The organization was established in 1976. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caroline 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.
Since 2017, Caroline Foundation Inc has awarded 112 individual grants totaling $4,062,023. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD GRANTS TO NONPROFIT ORGANIZATIONS THAT BENEFIT THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO NONPROFIT ORGANIZATIONS TO BENEFIT THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Mead President | OfficerTrustee | 1 | $0 |
Robert E Jarrell ESQ Vice-President | OfficerTrustee | 1 | $0 |
Rebecca Loukides Treasurer | OfficerTrustee | 1 | $0 |
Berl Lovelace Secretary | OfficerTrustee | 1 | $0 |
Wayne A Cole Director | Trustee | 1 | $0 |
Chrissy Bartz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,050 |
| Total Program Service Revenue | $0 |
| Investment income | $478,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,156,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$677,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $4,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,526 |
| Fees for services: Other | $71,870 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,648 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,194 |
| All other expenses | $0 |
| Total functional expenses | $858,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,769 |
| Savings and temporary cash investments | $1,031,105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,602,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,701,192 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $15,701,192 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,701,192 |
Grants Awarded
Over the last fiscal year, Caroline Foundation Inc has awarded $694,500 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINE COUNTY PUBLIC SCHOOLS PURPOSE: BACKPACK PROGRAM | $50,000 |
AARON'S PLACE PURPOSE: FOOD | $20,000 |
CAROLINE COUNTY DEPARTMENT OF SOCIAL SERVICES PURPOSE: SAFE SLEEP AND SUMMER SNAP PROGRAMS | $33,500 |
YMCA OF THE CHESAPEAKE PURPOSE: OPEN DOOR PROGRAM | $45,000 |
CHOPTANK COMMUNITY HEALTH SYSTEM PURPOSE: GOLDBORO DENTAL CENTER | $20,000 |
COMPASS REGIONAL HOSPICE PURPOSE: CAROLINE COUNTY PROGRAMS | $100,000 |