Gerald And Janet Carrus Foundation
- Assets
- $4.3m
- Revenue
- $200.3k
- Investments
- $3.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 13-3929249
Organization Overview
Gerald And Janet Carrus Foundation is located in Wilmington, DE. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerald And Janet Carrus 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, Gerald And Janet Carrus Foundation generated $200.3k 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 (23.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gerald And Janet Carrus Foundation has awarded 86 individual grants totaling $14,010,142. 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 |
|---|---|---|---|
Janet Carrus Dir, Pres | 1 | $0 | |
Robin Miller Dir | 1 | $0 | |
Michelle Peperone Dir | 1 | $0 | |
Renee Peperone Dir | 1 | $0 | |
Cathey Romano Executive Dir | 20 | $90,800 | |
Irving Sitnick Dir, Sec, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,063 |
| Dividends & Interest | $87,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,794 |
| Capital Gain Net Income | $110,794 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,301 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,813 |
| Interest | $0 |
| Taxes | $6,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $104 |
| Printing and publications | $0 |
| Other expenses | $32,239 |
| Total operating and administrative expenses | $182,826 |
| Contributions, gifts, grants paid | $1,052,500 |
| Total expenses and disbursements | $1,235,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $521,142 |
| 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 | $4,296,154 |
| 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, Gerald And Janet Carrus Foundation has awarded $1,052,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BATONGA FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
HURLEYVILLE PERFORMING ARTS CENTRE INC PURPOSE: GENERAL & UNRESTRICTED | $625,000 |
HURLEYVILLE PERFORMING ARTS CENTRE INC PURPOSE: TANGO CAFE | $50,000 |
THE PICTURE HOUSE REGIONAL FILM CENTER INC PURPOSE: LAUNCHING OF 2022 FILM FESTIVAL | $25,000 |
MICA GROUP INC PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
TRUSTEES OF COLUMBIA UNIVERSITY PURPOSE: FOR THE BENEFITS OF THE VAGELOS COLLEGE OF PHYSICIANS AND SURGEONS DEPARTMENT OF MEDICINE - MEDICAL HOUSE STAFF TRAINING PROGRAM | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Ahava Foundation Kearny, NJ | $69,246,321 | $13,538,690 |
Dale Kutnick And Laura Gordon Kutnick Foundation Inc Pennington, NJ | $16,658,348 | $2,528,173 |
Gerald And Janet Carrus Foundation Wilmington, DE | $4,296,154 | $200,301 |
Bbc Foundation Inc Clarks Summit, PA | $5,702,780 | -$149,482 |
Frank C & Vera L Corry Memorial Fund Wilmington, DE | $2,080,618 | $170,647 |
American Friends Of Kol Rephael Long Branch, NJ | $398,322 | $0 |