James P & Frankie C Carpenter Foundation Inc
- Assets
- $1.4m
- Revenue
- $43.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 03/1992
- Data as of
- 12/2022
- EIN
- 54-1613842
Organization Overview
James P & Frankie C Carpenter Foundation Inc is located in Charlottesville, VA. The organization was established in 1992. 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. James P & Frankie C Carpenter 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 12/2022, James P & Frankie C Carpenter Foundation Inc generated $43.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $98.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James P & Frankie C Carpenter Foundation Inc has awarded 46 individual grants totaling $189,004. 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
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Dean Director-Trustee | 2 | $700 | |
Michael D Hale Director-Trustee | 2 | $700 | |
Kermit W Aylor Director-Trustee | 2 | $700 | |
J Howard Carpenter Director-Trustee | 2 | $700 | |
Jeffrey C Early Director-Trustee | 2 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $227 |
| Dividends & Interest | $41,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,256 |
| Capital Gain Net Income | $2,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $21,856 |
| Contributions, gifts, grants paid | $76,992 |
| Total expenses and disbursements | $98,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,060 |
| 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 | $340,485 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,369,314 |
| 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, James P & Frankie C Carpenter Foundation Inc has awarded $76,992 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BETHEL UNITED METHODIST CHURCH PURPOSE: GENERAL PURPOSES OF DONEE | $3,080 |
BRIGHTWOOD RURITAN CLUB PURPOSE: GENERAL PURPOSES OF DONEE | $3,850 |
BURNT TREE GRANGE PURPOSE: GENERAL PURPOSES OF DONEE | $3,850 |
MADISON ATHLETIC BOOSTERS PURPOSE: GENERAL PURPOSES OF DONEE | $3,850 |
MADISON CHURCH OF BRETHERN PURPOSE: GENERAL PURPOSES OF DONEE | $770 |
MADISON COUNTY DEPARTMENT OF SOCIAL SERVICES PURPOSE: GENERAL PURPOSES OF DONEE | $3,850 |