Carol Wolfe Foundation
- Assets
- $11.1m
- Revenue
- $5.1m
- Investments
- $10.9m
- Employees
- 0
- Location
- Snyder, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-0546864
Organization Overview
Carol Wolfe Foundation is located in Snyder, TX. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Carol Wolfe Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Carol Wolfe Foundation has awarded 14 individual grants totaling $384,300. 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
THE FOUNDATION HOSTED TRAINING SEMINARS FOR SNYDER ISD, HERMLEIGH ISD AND IRA ISD. IN TOTAL AT THE THREE SEMINARS, OVER 460 STAFF MEMBERS WERE TRAINED BY THE TEXAS TECH HEALTH SCIENCES CENTER FOR MENTAL HEALTH INITIATIVE. THE INITIATIVE PROVIDES PRE-CRISIS MENTAL HEALTH CARE TO PUBLIC SCHOOL STUDENTS. FACULTY AND STAFF INCLUDING ADMINISTRATORS, TEACHERS, COUNSELORS, CUSTODIANS AND CAFETERIA WORKERS WERE INSTRUCTED IN HOW TO IDENTIFY STUDENTS IN NEED OF MENTAL HEALTH CARE.IN ADDITION, ONE SNYDER, TX POLICE OFFICER AND ONE SCURRY COUNTY DEPUTY WERE SPONSERED BY THE FOUNDATION TO ATTEND SUICIDE PREVENTION TRAINING IN NEW BRAUNFELS, TX. THE TRAINING CONCERNED DE-ESCALATION OF MENAL HEALTH CALL RECEIVED VIA 911.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Strickland President | 1 | $0 | |
Bill Lane Vice President | 1 | $0 | |
Jennifer Calley Secretary | 1 | $0 | |
Angela Strickland Director | 30 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,850,750 |
| Interest on Savings | $57,457 |
| Dividends & Interest | $162,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,648 |
| Capital Gain Net Income | $38,648 |
| Net ST Capital Gain | $522 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,109,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $161,008 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,255 |
| Depreciation | $3,674 |
| Occupancy | $13,696 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69,119 |
| Total operating and administrative expenses | $299,324 |
| Contributions, gifts, grants paid | $263,000 |
| Total expenses and disbursements | $562,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,279 |
| Savings and temporary cash investments | $16,423 |
| 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 | $14,162 |
| Other assets | $0 |
| Total assets | $11,090,480 |
| Accounts payable and accrued expenses | -$5,800 |
| 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 | $1 |
| Total liabilities | -$5,799 |
Grants Awarded
Over the last fiscal year, Carol Wolfe Foundation has awarded $263,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LION'S INTERNATIONAL FOUNDATION PURPOSE: ASSIST FINANCIALLY WITH CAMP. | $10,000 |
OPPORTUNITY TRIBE PURPOSE: ASSIST FINANCIALLY WITH CAMP ACTIVITIES, FOOD, ETC. | $5,000 |
DM COGDELL MEMORIAL HOSPITAL FOUNDA PURPOSE: THE FUNDS DONATED WENT DIRECTLY TO BEHAVIORAL HEALTH AND COUNSELING SERVICES FOR COGDELL MEMORIAL HOSPITAL BEHAVIORAL HEALTH DEPARTMENT. THE FUNDS CONTRIBUTED TO SERVING OVER 378 CLIENTS AND ASSISTED WITH PROVIDING A THERAPEUTIC ROOM FOR STAFF MEMBERS. | $113,000 |
GLORIA'S JOY FOUNDATION PURPOSE: THE CONTRIBUTION WILL ASSIST IN PROVIDING UNITED STATES VETERANS WITH PROSTHETIC LEGS OR FEET CUSTOM BOOTS. | $5,000 |
HEART OF SNYDER TEXAS PURPOSE: ASSIST THE COMMUNITY OF SNYDER TEXAS WITH THE DOWNTOWN HOLIDAY FESTIVITIES. | $10,000 |
SPARROW'S NEST PURPOSE: THE SPARROW'S NEST MATERNITY HOME UTILIZED THE FUNDS TO IMPROVE AND OPERATE A HOME FOR ASSISTING YOUNG MOTHERS WITH THE SUPPORT AND ENVIROMENT NEEDED FOR SUCCESSFUL OUTCOMES WITH DIFFICULT CIRCUMSTANCES. | $110,000 |