Carval Investors Foundation
- Assets
- $14.7k
- Revenue
- $264.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 82-1364603
Organization Overview
Carval Investors Foundation is located in Minneapolis, MN. The organization was established in 2017. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Carval Investors 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 12/2023, Carval Investors Foundation generated $264.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $278.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Carval Investors Foundation has awarded 324 individual grants totaling $1,565,277. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNEAPOLIS PUBLIC SCHOOLS - LORING SCHOOL - A COMMUNITY SCHOOL IN NORTH MINNEAPOLIS SERVING STUDENTS AND FAMILIES BELOW THE POVERTY LINE. - HOLIDAY FAMILY: THE CARVAL INVESTORS FOUNDATION SUPPORTED FAMILIES AT THE LORING SCHOOL BY PURCHASING HOLIDAY GIFT ITEMS, HOUSEHOLD ESSENTIALS (CLEANING SUPPLIES, POTS, PANS, BEDDING, BLANKETS), CLOTHING AND SHOES, AND SCHOOL TECHNOLOGY ESSENTIALS (LAPTOPS AND IPADS). - BACKPACK BRIGADE: THE CARVAL INVESTORS FOUNDATION PURCHASED 100 BACKPACKS AND SCHOOL SUPPLIES (NOTEBOOKS, PENCILS, FOLDERS, MARKERS, CRAYONS, ETC) FOR STUDENTS AT LORING SCHOOL.
THROUGH RED CROSS, THE AB CARVAL FOUNDATION BRIGHTENED THE LIVES OF ELDERLY PEOPLE IN OUR COMMUNITY BY CREATING VALENTINE'S CARDS. THE COSTS ASSOCIATED WITH THIS VOLUNTEER OPPORTUNITY WERE SUPPLIES FOR EMPLOYEES TO CREATE CARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director & Vice President | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director & President | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director & Vice President, Charitable Giving | 1 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $259,906 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $264,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,942 |
| Total operating and administrative expenses | $25,663 |
| Contributions, gifts, grants paid | $253,106 |
| Total expenses and disbursements | $278,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,384 |
| Savings and temporary cash investments | $8 |
| Net Accounts receivable | $1,325 |
| 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 | $0 |
| Total assets | $14,717 |
| Accounts payable and accrued expenses | $3,013 |
| 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 | $3,013 |
Grants Awarded
Over the last fiscal year, Carval Investors Foundation has awarded $253,106 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HEALTH CARE FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $7,900 |
UNITED JEWISH APPEAL - FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK INC PURPOSE: GENERAL OPERATING SUPPORT | $42,090 |
ROCK THE STREET WALL STREET PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $7,900 |
CAMP FIRE MINNESOTA PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
DE LA SALLE ACADEMY PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |