Michael J Carmichael Family Foundation Inc
- Assets
- $69.5k
- Revenue
- $12.0k
- Investments
- $67.3k
- Employees
- 0
- Location
- Bokeelia, FL
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 59-3205746
Organization Overview
Michael J Carmichael Family Foundation Inc is located in Bokeelia, FL. The organization was established in 1994. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Michael J Carmichael Family 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, Michael J Carmichael Family Foundation Inc generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $4.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Michael J Carmichael Family Foundation Inc has awarded 34 individual grants totaling $219,046. 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 |
|---|---|---|---|
Michael J Carmichael Pres/dir | 0 | $0 | |
Becki E Carmichael Vp/dir | 0 | $0 | |
Scott L Whitaker Sec/tr/dir | 0 | $0 | |
Staci E Havlik Vp/dir | 0 | $0 | |
Andrew J Carmichael Vp/dir | 0 | $0 | |
Michael B Carmichael Vice Pres | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,000 |
| Interest on Savings | $144 |
| Dividends & Interest | $471 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $393 |
| Capital Gain Net Income | $1,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,553 |
| Printing and publications | $0 |
| Other expenses | $80 |
| Total operating and administrative expenses | $3,297 |
| Contributions, gifts, grants paid | $1,611 |
| Total expenses and disbursements | $4,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,190 |
| 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 | $4 |
| Total assets | $69,471 |
| 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 | $80 |
| Total liabilities | $80 |
Grants Awarded
Over the last fiscal year, Michael J Carmichael Family Foundation Inc has awarded $1,611 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRUTHFORLIFEORG PURPOSE: FURTHER EVANGELIST/CHRISTIAN CAUSES | $861 |
OPERATION MOBILIZATION PURPOSE: FURTHER EVANGELIST/CHRISTIAN CAUSES | $500 |
EAST WEST MNSTRS INTL PURPOSE: FURTHER EVANGELIST/CHRISTIAN CAUSES | $250 |