Carothers Construction Charitable Foundation
- Assets
- $4.0m
- Revenue
- $737.1k
- Investments
- $3.7m
- Employees
- 0
- Location
- Taylor, MS
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 64-0892836
Organization Overview
Carothers Construction Charitable Foundation is located in Taylor, MS. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carothers Construction Charitable 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 12/2021, Carothers Construction Charitable Foundation generated $737.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $288.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carothers Construction Charitable Foundation has awarded 53 individual grants totaling $947,905. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP OF CHRISTIAN ATHLETES
HERES LIFE AFRICA
OPERATION MOBILIZATION
COMPASSION MINISTRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean B Carothers Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $650,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,107 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $737,107 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,871 |
| Total operating and administrative expenses | $12,054 |
| Contributions, gifts, grants paid | $275,905 |
| Total expenses and disbursements | $287,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $171,408 |
| 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 | $180,000 |
| 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 | $0 |
| Total assets | $4,044,474 |
| 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, Carothers Construction Charitable Foundation has awarded $275,905 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
FELLOWSHIP OF CHRISTIAN PURPOSE: OPERATING EXP | $67,900 |
HERES LIFE AFRICA PURPOSE: OPERATING EXP | $60,000 |
MISCELLANEOUS ORGS PURPOSE: OPERATING EXP | $35,005 |
Tyrone, GA PURPOSE: OPERATING EXP | $31,000 |
COMPASSION MINISTRIES PURPOSE: FOOD PANTRY | $22,800 |
DOORS OF HOPE PURPOSE: OPERATING EXP | $8,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Upshur-Rural Electric Cooperative Corporation Gilmer, TX | $245,628,727 | $98,243,041 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |
Central Electric Power Association Carthage, MS | $142,416,370 | $101,127,410 |
San Bernard Electric Cooperative Incorporated Bellville, TX | $290,497,219 | $97,543,303 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |
Eecu Fort Worth, TX | $3,346,818,050 | $132,703,955 |
Veterans Of Foreign Wars Of The United States Kansas City, MO | $242,275,685 | $98,113,411 |
Central Alabama Electric Cooperative Prattville, AL | $339,092,082 | $97,489,806 |