Carol Franc Buck Foundation
- Assets
- $17.7m
- Revenue
- $502.6k
- Investments
- $17.2m
- Employees
- 0
- Location
- Incline Village, NV
- Founding
- 00/0000
- Data as of
- 11/2023
- EIN
- 88-0163505
Organization Overview
Carol Franc Buck Foundation is located in Incline Village, NV. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Carol Franc Buck 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 11/2023, Carol Franc Buck Foundation generated $502.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $2.1m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Carol Franc Buck Foundation has awarded 128 individual grants totaling $8,601,900. 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 SUPPORTS PERFORMING AND VISUAL ARTS THROUGHOUT THE WESTERN UNITED STATES. 21 ORGANIZATIONS RECEIVED GRANTS TOTALING $1,704,400 PLUS EXPENSES OF $415,935.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian P Erdman Trustee | 0 | $0 | |
Helen J O'hanlon Trustee | 0 | $0 | |
Mckenzie Erdman Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,809 |
| Dividends & Interest | $486,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,112 |
| Capital Gain Net Income | $9,112 |
| Net ST Capital Gain | $9,112 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $502,568 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $156,897 |
| Pension plans, employee benefits | $26,190 |
| Interest | $0 |
| Taxes | $25,377 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $62,054 |
| Total operating and administrative expenses | $415,935 |
| Contributions, gifts, grants paid | $1,704,400 |
| Total expenses and disbursements | $2,120,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,892 |
| Savings and temporary cash investments | $349,265 |
| Net Accounts receivable | $88,911 |
| 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 | $8,972,049 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,000 |
| Total assets | $17,693,834 |
| Accounts payable and accrued expenses | $2,504 |
| 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 | $2,504 |
Grants Awarded
Over the last fiscal year, Carol Franc Buck Foundation has awarded $1,704,400 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSTON GRAND OPERA PURPOSE: 1ST INSTALLMENT OF INTELLIGENCE | $125,000 |
ARIZONA OPERA PURPOSE: MCDOUGALL RED SERIES | $75,000 |
SAN FRANCISCO OPERA PURPOSE: THE MAGIC FLUTE | $250,000 |
SAN FRANCISCO BALLET PURPOSE: MERE MORTALS & CARMEN | $250,000 |
THE SANTA FE OPERA PURPOSE: THE RIGHTEOUS | $100,000 |
INSTITUTE FOR YOUNG DRAMATIC VOICES PURPOSE: VERDI VOICE PROJECT & AMERICAN WAGNER PROJECT | $50,000 |