The Carrig Community Fund Inc
- Assets
- $1.2m
- Revenue
- $232.4k
- Investments
- $1.0m
- Employees
- 0
- Location
- Reedsburg, WI
- Founding
- Data as of
- 12/2023
- EIN
- 86-2971884
Organization Overview
The Carrig Community Fund Inc is located in Reedsburg, WI. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carrig Community Fund Inc 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, Carrig Community Fund Inc generated $232.4k 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 (39.3%) each year. All expenses for the organization totaled $37.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO SUPPORT PUBLIC CHARITIES THAT BENEFIT THE COMMUNITY OF REEDSBURG, WI. OUR MISSION IS TO SUPPORT PUBLIC CHARITIES THAT BENEFIT THE COMMUNITY OF REEDSBURG, WI. INITIALLY, WE PLAN TO SUPPORT THE BOYS AND GIRL'S CLUB OF WEST CENTRAL WI AND THE FIRST TEE PROGRAM AT THE REEDSBURG COUNTRY CLUB. WE ALSO PLAN TO PROVIDE FUNDING TO THE REEDSBURG SCHOOLS FOUNDATION, INC. TO PROVIDE SCHOLARSHIPS FOR REEDSBURG AREA HIGH SCHOOL GRADUATES WITH AN EMPHASIS ON SECONDARY TECHNICAL EDUCATION. DURING 2023, THE ORGANIZATION SUPPORTED THREE LOCAL PUBLIC CHARITIES, INCLUDING THE BOYS AND GIRL'S CLUB OF WEST CENTRAL WI AND THE REEDSBURG SCHOOLS FOUNDATION, INC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald F Carrig President | 1 | $0 | |
Barbara J Carrig Vice President | 1 | $0 | |
Brian T Grover Treasurer | 1 | $0 | |
Matthew C Carrig Secretary | 1 | $0 | |
Thomas Benson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $207,674 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,015 |
| Capital Gain Net Income | $4,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $232,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,292 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $37,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $229,308 |
| 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 | $1,247,753 |
| 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, The Carrig Community Fund Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SUMMER OUTDOOR ADVENTURE CLUB INC PURPOSE: GENERAL PURPOSES | $5,000 |
REEDSBURG SCHOOLS FOUNDATION PURPOSE: COMMUNICATIONS ARTS AND LEARNING CENTER | $7,500 |
BOYS & GIRLS CLUBS OF WEST CENTRAL WISCONSIN PURPOSE: GENERAL PURPOSES | $17,500 |