Jimmy Carroll Foundation
- Assets
- $1.2m
- Revenue
- $39.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Raleigh, NC
- Founding
- Data as of
- 12/2023
- EIN
- 86-1622285
Organization Overview
Jimmy Carroll Foundation is located in Raleigh, NC. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Jimmy Carroll 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, Jimmy Carroll Foundation generated $39.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (69.5%) each year. All expenses for the organization totaled $256.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SYNERGISTICALLY PARTNER WITH NONPROFITS THAT TANGIBLY ADDRESS THE MYRIAD ISSUES IMPACTING THE UNHOUSED THROUGH DEMONSTRATIONS OF LOVE AND JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT NONPROFIT CHARITABLE ORGANIZATIONS THAT SUPPORT FAMILIES IMPACTED BY HOSPITAL STAYS AND LONG TERM ILLNESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hamilton Executive Di | Officer | 0.5 | $65,000 |
Beverly Carroll President | OfficerTrustee | 1 | $0 |
Austin Carroll Vice Preside | OfficerTrustee | 1 | $0 |
Rachael Klayman Treasurer | OfficerTrustee | 0.5 | $0 |
Jarret Hamilton Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,473 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,429 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,902 |
| Total Program Service Revenue | $0 |
| Investment income | $13,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,581 |
| Net Income from Fundraising Events | -$13,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,299 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $16,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,617 |
| Fees for services: Accounting | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,058 |
| Fees for services: Other | $19,500 |
| Advertising and promotion | $42,986 |
| Office expenses | $4,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,384 |
| Total functional expenses | $256,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,149,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,164,463 |
| Accounts payable and accrued expenses | $60,971 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,909 |
| Total liabilities | $62,880 |
| Net assets without donor restrictions | $1,101,583 |
| Net assets with donor restrictions | $0 |
| 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 | $1,164,463 |
Grants Awarded
Over the last fiscal year, Jimmy Carroll Foundation has awarded $90,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHIP COMMUNITY OUTREACH PURPOSE: SUPPORT OF MISSION | $50,000 |
WORLD HELP PURPOSE: SUPPORT OF MISSION | $30,000 |
IMAGE CHURCH PURPOSE: SUPPORT OF MISSION | $10,000 |