Clinton D & Grace Carlough Charitable Foundation
- Assets
- $1.0m
- Revenue
- $235.5k
- Investments
- $862.9k
- Employees
- 0
- Location
- Hackensack, NJ
- Founding
- 05/1988
- Data as of
- 12/2022
- EIN
- 22-2766115
Organization Overview
Clinton D & Grace Carlough Charitable Foundation is located in Hackensack, NJ. The organization was established in 1988. 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. Clinton D & Grace Carlough Charitable 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, Clinton D & Grace Carlough Charitable Foundation generated $235.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $221.3k during the year ending 12/2022. While expenses have increased by 0.7% 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, Clinton D & Grace Carlough Charitable Foundation has awarded 306 individual grants totaling $1,568,250. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED TO CHARITABLE ORGANIZATIONS IN THE COMMUNITY OF NORTHERN NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter G Bowen Trustee | 1 | $13,303 | |
John Carlogh Trustee | 1 | $9,977 | |
Donna Dorsey Trustee | 1 | $9,977 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $197,593 |
| Capital Gain Net Income | $197,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $235,498 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,257 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,598 |
| Total operating and administrative expenses | $44,286 |
| Contributions, gifts, grants paid | $177,000 |
| Total expenses and disbursements | $221,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485 |
| Savings and temporary cash investments | $159,130 |
| 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 | $1,022,497 |
| 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 | $33,257 |
| Total liabilities | $33,257 |
Grants Awarded
Over the last fiscal year, Clinton D & Grace Carlough Charitable Foundation has awarded $177,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
USR HISTORICAL SOCIETY PURPOSE: GENERAL USE | $16,000 |
AUGUSTINIAN MISSION PURPOSE: GENERAL USE | $3,000 |
SADDLE RIVER RFRMD CHRCH OLD STONE PURPOSE: GENERAL USE | $12,000 |
CHRISTIAN APPALACHIAN PRJ PURPOSE: GENERAL USE | $12,000 |
BOYS GIRLS CLUB HAWTHORNE PURPOSE: GENERAL USE | $14,000 |
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL USE | $10,000 |