Carol Woods Charitable Fund Inc
- Assets
- $2.3m
- Revenue
- $247.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-4262143
Organization Overview
Carol Woods Charitable Fund Inc is located in Chapel Hill, NC. The organization was established in 2007. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carol Woods Charitable Fund 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 12/2022, Carol Woods Charitable Fund Inc generated $247.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $273.8k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carol Woods Charitable Fund Inc has awarded 16 individual grants totaling $1,492,468. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUPPORT TO THE CHAPEL HILL RESIDENTIAL RETIREMENT CENTER, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, SUPPORTWAS PROVIDED IN VARIOUS WAYS. THE CHARITABLE FUND PROVIDED $190,240 TO SUPPORTRESIDENTS WHO HAD OUTLIVED THEIR ASSETS. IT PROVIDED $2,828 IN SUPPORT TO VARIOUSCAMPUS NEEDS OF CAROL WOODS, INCLUDING MAINTENANCE OF GIFTED GARDENS. IT PROVIDED$3,100 IN SUPPORT OF CAROL WOODS' TUITION ASSISTANCE PROGRAM FOR CAREER GROWTH OFCAROL WOODS' EMPLOYEES. IT PROVIDED $13,836 IN ASSISTANCE TO EMPLOYEESEXPERIENCING FINANCIAL HARDSHIP THROUGH A STAFF HARDSHIP FUND.AS A SUPPORTING CORPORATION TO THE CAROL WOODS RETIREMENT COMMUNITY, THECHARITABLE FUND PROVIDED $47,000 IN SUPPORT OF THE CAROL WOODS RESIDENTASSOCIATION, SUPPORTING THE BUDGETS OF A VARIETY OF RESIDENT COMMITTEES INVOLVED INENRICHING THE LIVES OF THE RESIDENTS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Reeb Jr Treasurer | Officer | 1 | $0 |
Marianne Ratcliffe President And CEO | Officer | 1 | $0 |
Mark Royster President Of The Board | Trustee | 1 | $0 |
Marlene Rifkin Vice President Of The Board | Trustee | 1 | $0 |
Curt Mclaughlin Resident/secretary Of The Board | Trustee | 1 | $0 |
Marian Stephenson Resident/voting Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,242 |
| Noncash contributions included in lines 1a–1f | $39,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,242 |
| Total Program Service Revenue | $0 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $267,405 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $3,728 |
| Total functional expenses | $273,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,272,820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,273,420 |
| Accounts payable and accrued expenses | $925 |
| 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 | $925 |
| Net assets without donor restrictions | $782,873 |
| Net assets with donor restrictions | $1,489,622 |
| 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 | $2,273,420 |
Grants Awarded
Over the last fiscal year, Carol Woods Charitable Fund Inc has awarded $267,405 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: REIMBURSEMENT FOR CHARITABLE EXPENSES INCLUDING RESIDENT ASSISTANCE, EMPLOYEE DEVELOPMENT AND GIFTED GARDEN MAINTENANCE. | $220,405 |
Chapel Hill, NC PURPOSE: SUPPORT FOR RESIDENT ACTIVITIES THROUGH ANNUAL COUNCIL BUDGET. | $47,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carol Woods Charitable Fund Inc has recieved totaling $6,650.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Retirement Ministries Of Alamance County North Carolina Burlington, NC | $194,352,583 | $40,219,787 |
Cahec Management Inc Raleigh, NC | $9,947,968 | $10,365,211 |
Vsu Auxiliary Services Real Estatefoundation Inc Valdosta, GA | $163,910,452 | $6,694,353 |
Richfield Foundation Salem, VA | $0 | $0 |
Aldersgate Life Plan Services Inc Charlotte, NC | $512,670 | $138,330 |
American Village Communities Inc Fairfax, VA | $10,611,697 | $3,645,882 |
230 John Wesley Dobbs Boulevard Ventures Inc Atlanta, GA | $13,295,834 | $2,161,354 |
Holston United Methodist Home For Children Foundation Inc Greeneville, TN | $46,120,321 | $4,035,558 |
Baptist Retirement Homes Foundation Winston Salem, NC | $47,968,572 | $2,829,285 |
Early Learning Property Management Inc Atlanta, GA | $26,441,881 | $2,751,537 |
Deerfield Charitable Foundation Asheville, NC | $16,996,116 | $890,781 |
Virginia Community Development Fund Inc Richmond, VA | $8,280,823 | $4,728,316 |