Caroline Foundation Inc
- Assets
- $15.1m
- Revenue
- $256.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Denton, MD
- Founding
- 05/1976
- Data as of
- 06/2022
- 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.
For the year ending 06/2022, Caroline Foundation Inc generated $256.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.3%) each year. All expenses for the organization totaled $926.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Caroline Foundation Inc has awarded 106 individual grants totaling $4,114,023. 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
2022
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 |
Berl Lovelace Secretary | OfficerTrustee | 1 | $0 |
Rebecca Loukides Treasurer | OfficerTrustee | 1 | $0 |
Wayne A Cole Director | Trustee | 1 | $0 |
Hon Charles O Davis Jr 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 | $9,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,614 |
| Total Program Service Revenue | $0 |
| Investment income | $481,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$234,707 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $777,437 |
| 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 | $300 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,126 |
| Fees for services: Other | $43,122 |
| 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 | $249 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,299 |
| All other expenses | $0 |
| Total functional expenses | $925,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,729 |
| Savings and temporary cash investments | $550,156 |
| 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 | $14,292,514 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,092,399 |
| 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 | $15,092,399 |
| 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 | $15,092,399 |
Grants Awarded
Over the last fiscal year, Caroline Foundation Inc has awarded $765,437 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINE COUNTY HEALTH DEPARTMENT PURPOSE: MOBILE UNIT | $200,000 |
Centreville, MD PURPOSE: CAROLINE COUNTY PROGRAMS | $100,000 |
Denton, MD PURPOSE: SHELTER OPERATIONS | $95,000 |
Ridgely, MD PURPOSE: FOOD PANTRY PERSONNEL COSTS | $63,500 |
Easton, MD PURPOSE: OPEN DOOR PROGRAM | $60,000 |
CAROLINE COUNTY PUBLIC SCHOOLS PURPOSE: BACKPACK PROGRAM | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orlando Rehabilitation Group Inc Bala Cynwyd, PA | $57,006,179 | $68,104,174 |
Pittsburgh Care Partnership Inc Community Life Pittsburgh, PA | $51,132,739 | $72,021,182 |
Hebrew Home Of Greater Washington Inc Rockville, MD | $285,489,018 | $90,628,808 |
Stella Maris Inc Timonium, MD | $102,309,859 | $70,381,069 |
Baptist Homes Society Pittsburgh, PA | $230,976,398 | $48,712,783 |
Brooke Grove Foundation Inc Sandy Spring, MD | $77,483,893 | $56,285,536 |
Madlyn And Leonard Abramson Center For Jewish Life Blue Bell, PA | $70,280,035 | $47,324,338 |
The Northeast Health Group Inc Bala Cynwyd, PA | $20,717,577 | $41,701,178 |
Covenant Woods Mechanicsville, VA | $166,902,923 | $38,635,107 |
Richfield Living Salem, VA | $138,338,925 | $32,030,155 |
Phoebe Home Inc Allentown, PA | $44,042,871 | $37,033,122 |
Millcreek Manor Erie, PA | $107,194,007 | $36,700,252 |