Carmel Foundation
- Assets
- $20.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Carmel, CA
- Founding
- 10/1953
- Data as of
- 06/2023
- EIN
- 94-1225368
Organization Overview
Carmel Foundation is located in Carmel, CA. The organization was established in 1953. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2023, Carmel Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel 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 06/2023, Carmel Foundation generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. 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
THE CARMEL FOUNDATION'S MISSION IS TO PROVIDE A PLACE FOR SENIORS TO GATHER AND ENJOY A VARIETY OF ACTIVITIES AND SERVICES IN AN ENVIRONMENT OF RESPECT AND CAMARADERIE, A PLACE TO CALL HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR HOUSING PROGRAM: TO PROVIDE INDEPENDENT LIVING, LOW-INCOME HOUSING FOR MEMBERS OF THE CARMEL FOUNDATION WHO ARE AT LEAST 65 YEARS OLD. THE CARMEL FOUNDATION HAS 50 UNITS.
MEAL PROGRAMS: THREE MEAL PROGRAMS, IN-HOUSING DINING FOUR DAYS A WEEK FOR LUNCH, CURB-SIDE PICKUP TO GO THREE DAYS A WEEK AND HOME BOUND MEALS DELIVERED TO MEMBERS WHO CAN'T COME TO THE FOUNDATION. OVER 22,000 MEALS WERE PREPARED DURING THE FISCAL YEAR.
MEMBER SERVICES: OVER 50 INTERESTING CLASSES AND ACTIVITIES WEEKLY. INSTRUCTIONAL CLASSES ONSITE AND ON-LINE. WEDNESDAY PROGRAM WITH GUEST SPEAKERS. PROVIDE MEDICAL EQUIPMENT FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Zoller President & CEO | Officer | 40 | $147,489 |
Beth Bates Finance Dir. | Officer | 40 | $124,489 |
Mitch Matthews Chairman | OfficerTrustee | 1 | $0 |
Crissy Dawson Secretary | OfficerTrustee | 1 | $0 |
Chuck Des Roches ESQ Vice Chair Gov | OfficerTrustee | 1 | $0 |
Diego Reyes Vice Chair Dev | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $198,934 |
| Fundraising events | $42,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,184,149 |
| Noncash contributions included in lines 1a–1f | $30,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,425,483 |
| Total Program Service Revenue | $547,664 |
| Investment income | $360,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $150,022 |
| Net Income from Fundraising Events | $2,930 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,505,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $319,320 |
| Compensation of current officers, directors, key employees. | $181,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $823,737 |
| Pension plan accruals and contributions | $10,074 |
| Other employee benefits | $220,927 |
| Payroll taxes | $84,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,437 |
| Fees for services: Accounting | $39,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,304 |
| Fees for services: Other | $95,629 |
| Advertising and promotion | $13,404 |
| Office expenses | $17,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $303,997 |
| Travel | $3,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,743 |
| Insurance | $82,266 |
| All other expenses | $89,631 |
| Total functional expenses | $2,788,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,179 |
| Savings and temporary cash investments | $1,060,350 |
| Pledges and grants receivable | $125,251 |
| Accounts receivable, net | $0 |
| 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 | $34,840 |
| Net Land, buildings, and equipment | $3,295,413 |
| Investments—publicly traded securities | $13,977,462 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,458,227 |
| Total assets | $20,113,722 |
| Accounts payable and accrued expenses | $191,806 |
| 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 | $0 |
| Total liabilities | $191,806 |
| Net assets without donor restrictions | $17,219,682 |
| Net assets with donor restrictions | $2,702,234 |
| 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 | $20,113,722 |