Carson Foundation
- Assets
- $1.9m
- Revenue
- $138.9k
- Investments
- $566.6k
- Employees
- 0
- Location
- Cushing, OK
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 73-1508384
Organization Overview
Carson Foundation is located in Cushing, OK. The organization was established in 1998. 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. Carson 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, Carson Foundation generated $138.9k 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 (16.1%) each year. All expenses for the organization totaled $257.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Carson Foundation has awarded 52 individual grants totaling $410,448. 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
REPAIRS FOR HOME OWNERS IN NEED OF MAJOR REPAIRS WITHOUT THE FINANCIAL ABILITY TO MAKE THE REPAIRS DUE TO HARDSHIP. REPAIRS FOR 2022 WERE PAID FOR A SINGLE RESIDENT OF CUSHING, OK UNDER HARDSHIP DUE TO THE DEATH OF A SPOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Carson Chairman | 0.5 | $0 | |
Jayn Carson Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $27,855 |
| Net Rental Income | -$2,508 |
| Net Gain on Sale of Assets | $7,322 |
| Capital Gain Net Income | $7,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $103,738 |
| Total Revenue | $138,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,007 |
| Total operating and administrative expenses | $48,546 |
| Contributions, gifts, grants paid | $209,115 |
| Total expenses and disbursements | $257,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,184,895 |
| Savings and temporary cash investments | $11,076 |
| 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 | $97,080 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $85,482 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,859,647 |
| 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, Carson Foundation has awarded $209,115 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT CHURCH INTERNATIONAL MINSTRIES INC PURPOSE: GENERAL FUND | $85,000 |
LIFE CONNECTIONS NETWORK PURPOSE: GENERAL FUND | $8,000 |
LOVE INC OF GREATER CUSHING PURPOSE: GENERAL FUND | $5,000 |
NEW GENERATIONS PURPOSE: GENERAL FUND | $51,500 |
SWEDISH HERITAGE SOCIETY FOUNDATION PURPOSE: GENERAL FUND | $200 |
TARA'S LIGHTHOUSE PURPOSE: GENERAL FUND | $6,000 |