Clara Elizabeth Jackson Carter Foundation
- Assets
- $3.8m
- Revenue
- $320.2k
- Investments
- $3.8m
- Employees
- 0
- Location
- Hyattsville, MD
- Founding
- 09/1989
- Data as of
- 12/2022
- EIN
- 13-3534434
Organization Overview
Clara Elizabeth Jackson Carter Foundation is located in Hyattsville, MD. The organization was established in 1989. 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. Clara Elizabeth Jackson Carter 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 12/2022, Clara Elizabeth Jackson Carter Foundation generated $320.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $392.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Clara Elizabeth Jackson Carter Foundation has awarded 56 individual grants totaling $2,035,925. 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 |
|---|---|---|---|
Charlayne Hunter-Gault President | 15 | $30,000 | |
Edward Lewis Vice President | 1 | $0 | |
Stephanie M Phillipps Treasurer | 15 | $30,000 | |
Kathleen Mcghee-Anderson Secretary | 1 | $0 | |
John Sims Director | 1 | $0 | |
Halima Taha Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38,833 |
| Dividends & Interest | $62,041 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $219,281 |
| Capital Gain Net Income | $219,281 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $320,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,616 |
| Total operating and administrative expenses | $132,426 |
| Contributions, gifts, grants paid | $260,475 |
| Total expenses and disbursements | $392,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $67,340 |
| 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 | $3,820,764 |
| 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, Clara Elizabeth Jackson Carter Foundation has awarded $260,475 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AFRO CHARITIES INC PURPOSE: GENERAL OPERATING SUPPORT | $31,725 |
CAKECUTTER INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $18,750 |
CAN FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $12,500 |
DIASPORA VIBE CULTURAL ARTS INCUBATOR INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
IMPACT ASSETS PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
PATHWAYS TO COLLEGE PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |