Bob@carver Charitable Trust
- Assets
- $8.3m
- Revenue
- $1.3m
- Investments
- $4.8m
- Employees
- 0
- Location
- Mena, AR
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-3023693
Organization Overview
Bob@carver Charitable Trust is located in Mena, AR. The organization was established in 2017. 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. Bob@carver Charitable Trust 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, Bob@carver Charitable Trust generated $1.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $804.1k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 5 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.
Since 2017, Bob@carver Charitable Trust has awarded 83 individual grants totaling $2,380,000. 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 |
|---|---|---|---|
J David Maddox Trustee | 0 | $55,000 | |
George E Steel Jr Trustee | 0 | $55,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,460 |
| Dividends & Interest | $5,280 |
| Net Rental Income | $36,797 |
| Net Gain on Sale of Assets | $176 |
| Capital Gain Net Income | $176 |
| Net ST Capital Gain | $176 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $955,111 |
| Total Revenue | $1,291,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $213 |
| Depreciation | $107,944 |
| Occupancy | $660 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $182,712 |
| Total operating and administrative expenses | $414,111 |
| Contributions, gifts, grants paid | $390,000 |
| Total expenses and disbursements | $804,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,289 |
| Savings and temporary cash investments | $396,602 |
| 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 | $2,672,709 |
| Other assets | $10,885 |
| Total assets | $8,297,282 |
| Accounts payable and accrued expenses | $8,929 |
| Grants payable | $0 |
| Deferred revenue | $4,235 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $26,110 |
| Total liabilities | $39,274 |
Grants Awarded
Over the last fiscal year, Bob@carver Charitable Trust has awarded $390,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ARKANSAS RICH MOUNTAI PURPOSE: SCHOLARSHIPS | $100,000 |
Fayetteville, AR PURPOSE: CAPITAL IMPROVEMENTS | $100,000 |
PARK PURPOSE: GENERAL OPERATING EXPENSES | $50,000 |
Fayetteville, AR PURPOSE: GENERAL OPERATING | $25,000 |
Little Rock, AR PURPOSE: SCHOLARSHIPS | $25,000 |
Mena, AR PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |