Carlo And Nika White Foundation
- Assets
- $40.1k
- Revenue
- $41.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-5349343
Organization Overview
Carlo And Nika White Foundation is located in Greenville, SC. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlo And Nika White 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, Carlo And Nika White Foundation generated $41.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $51.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Carlo And Nika White Foundation has awarded 12 individual grants totaling $111,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID OUT A GRANT TO AN ORGANIZATION TO ENABLE THEM TO OPERATE A YOUTH PROGRAM FOR UNDERSERVED URBAN STUDENTS
PAID OUT A GRANT TO AN ORGANIZAITON TO ENABLE THEM TO MEET THE NEEDS OF UNDERPRIVILEGED CHILDREN THROUGHOUT THE WORLD
PAID OUT A GRANT TO AN ORGANIZATION TO ENABLE THEM TO PROVIDE A FINANCIAL LITERACY YOUTH PROGRAM TO UNDERSERVED URBAN YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlo D White Sr 1 Individ President | 3 | $0 | |
Malitha White 1 Individ Treasurer Secretary | 3 | $0 | |
James E White II 1 Individ Director | 1 | $0 | |
Beth Veach 1 Individ Director | 1 | $0 | |
Sean Dogan 1 Individ Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,807 |
| Interest on Savings | $41 |
| 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 | $0 |
| Total Revenue | $41,848 |
| 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 | $5,959 |
| Total operating and administrative expenses | $5,959 |
| Contributions, gifts, grants paid | $45,623 |
| Total expenses and disbursements | $51,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,576 |
| Savings and temporary cash investments | $38,493 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $40,069 |
| 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, Carlo And Nika White Foundation has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY EARLY COLLEGE PURPOSE: YOUTH PROGRAM GRANT | $10,000 |
MULLY CHILDRENS FUND PURPOSE: YOUTH BENEFIT | $20,000 |
TYWANZA SANDERS LEGACY FOUNDATION PURPOSE: YOUTH PROGRAM GRANT | $10,000 |