Specialized Carriers & Rigging Foundation
- Assets
- $2.2m
- Revenue
- $157.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Centreville, VA
- Founding
- 01/1983
- Data as of
- 12/2022
- EIN
- 52-1272278
Organization Overview
Specialized Carriers & Rigging Foundation is located in Centreville, VA. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Specialized Carriers & Rigging 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, Specialized Carriers & Rigging Foundation generated $157.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $169.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Specialized Carriers & Rigging Foundation has awarded 135 individual grants totaling $305,425. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Forster Outgoing Board Member | 1 | $0 | |
Brent Hutto Treasurer | 1 | $0 | |
Christine Burkhalter Board Member | 1 | $0 | |
Dave Wittwer Outgoing Treasurer | 2.5 | $0 | |
Debbi Evans Outgoing Chair | 1 | $0 | |
Eddy Kitchen Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,704 |
| Interest on Savings | $0 |
| Dividends & Interest | $121,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,193 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $157,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,848 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,762 |
| Depreciation | $2,320 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,022 |
| Printing and publications | $0 |
| Other expenses | $23,482 |
| Total operating and administrative expenses | $139,439 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $169,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,220 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,000 |
| 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 | $2,071 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,180,336 |
| Net Land, buildings, and equipment | $967 |
| Other assets | $0 |
| Total assets | $2,222,594 |
| Accounts payable and accrued expenses | $16,920 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $148,498 |
| Total liabilities | $168,918 |
Grants Awarded
Over the last fiscal year, Specialized Carriers & Rigging Foundation has awarded $30,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
IAN COX PURPOSE: ACADEMIC SCHOLARSHIP | $2,500 |
RAYMOND BODNAR PURPOSE: ACADEMIC SCHOLARSHIP | $4,000 |
DEVON SEVER PURPOSE: ACADEMIC SCHOLARSHIP | $2,500 |
BLAKE LUDWIG PURPOSE: ACADEMIC SCHOLARSHIP | $2,500 |
JAKOB FRUEH PURPOSE: ACADEMIC SCHOLARSHIP | $2,500 |
ELI HERKENRATH PURPOSE: ACADEMIC SCHOLARSHIP | $1,000 |