Careth Foundation Inc
- Assets
- $2.3m
- Revenue
- $71.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Duvall, WA
- Founding
- 12/1967
- Data as of
- 12/2023
- EIN
- 04-2433914
Organization Overview
Careth Foundation Inc is located in Duvall, WA. The organization was established in 1967. 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. Careth Foundation 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, Careth Foundation Inc generated $71.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $208.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Careth Foundation Inc has awarded 39 individual grants totaling $687,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Grumman President | 0 | $0 | |
Scott Ackley Vice-Preside | 0 | $0 | |
Paul Martin Treasurer | 0 | $0 | |
Hilary Grumman Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,023 |
| Dividends & Interest | $51,933 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,102 |
| Capital Gain Net Income | $14,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $69 |
| Total Revenue | $71,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,017 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,915 |
| Printing and publications | $0 |
| Other expenses | $4,262 |
| Total operating and administrative expenses | $30,360 |
| Contributions, gifts, grants paid | $178,000 |
| Total expenses and disbursements | $208,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,152 |
| Savings and temporary cash investments | $49,284 |
| 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 | $2,343,426 |
| 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, Careth Foundation Inc has awarded $178,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
INSTITUTE FOR JUSTICE AND DEMOCRACY PURPOSE: HUMAN RIGHTS EDUCATION | $25,000 |
GRASSROOTS INTERNATIONAL PURPOSE: HUMAN RIGHTS EDUCATION | $65,000 |
WOMENS REGINAL NETWORK PURPOSE: HUMAN RIGHTS EDUCATION | $20,000 |
GRASSROOTS GLOBAL JUSTICE PURPOSE: HUMAN RIGHTS EDUCATION | $25,000 |
MIDDLE EAST CHILDREN'S ALLIANCE PURPOSE: HUMAN RIGHTS EDUCATION | $8,000 |
DEMOCRACY FOR THE ARAB WORD NOW PURPOSE: HUMAN RIGHTS EDUCATION | $10,000 |