Carolina Caring Foundation Inc
- Assets
- $13.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, NC
- Founding
- 04/2005
- Data as of
- 12/2022
- EIN
- 75-3140786
Organization Overview
Carolina Caring Foundation Inc is located in Newton, NC. The organization was established in 2005. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Caring 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, Carolina Caring Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT CAROLINA CARING, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BENEFIT CAROLINA CARING, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Corbett Director | Trustee | 0.5 | $0 |
Maggie Gervais Director | Trustee | 0.5 | $0 |
Sabina Hardy Director | Trustee | 0.5 | $0 |
Diane Taylor Director | Trustee | 0.5 | $0 |
Connie Whittington Director | Trustee | 0.5 | $0 |
Jim Bolton Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $544,294 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $733,546 |
| Noncash contributions included in lines 1a–1f | $164 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,277,840 |
| Total Program Service Revenue | $0 |
| Investment income | $146,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $205,916 |
| Net Gain/Loss on Asset Sales | $49,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,679,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $396,920 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,282 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,483 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,583 |
| Office expenses | $2,227 |
| Information technology | $16,249 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,491 |
| Insurance | $1,000 |
| All other expenses | $23,949 |
| Total functional expenses | $1,123,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,121,241 |
| Savings and temporary cash investments | $58,808 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,805 |
| Net Land, buildings, and equipment | $2,650,801 |
| Investments—publicly traded securities | $9,359,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,199,103 |
| Accounts payable and accrued expenses | $7,280 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $965,507 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,664 |
| Total liabilities | $990,451 |
| Net assets without donor restrictions | $12,057,173 |
| Net assets with donor restrictions | $151,479 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,199,103 |