Tina And Richard V Carolan Foundation Inc

Organization Overview

Tina And Richard V Carolan Foundation Inc is located in Mendham, NJ. The organization was established in 1992. 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. Tina And Richard V Carolan 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 11/2021, Tina And Richard V Carolan Foundation Inc generated $2.1m in total revenue. All expenses for the organization totaled $1.1m during the year ending 11/2021. While expenses have increased by 17.0% per year over the past 3 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 2020, Tina And Richard V Carolan Foundation Inc has awarded 34 individual grants totaling $1,667,500. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,527
Dividends & Interest $268,958
Net Rental Income$0
Net Gain on Sale of Assets $1,838,882
Capital Gain Net Income $1,838,882
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,110,367

Grants Awarded

Over the last fiscal year, Tina And Richard V Carolan Foundation Inc has awarded $928,000 in support to 15 organizations.

Grant RecipientAmount

FOUNDATION FOR MORRISTOWN MEDICAL CENTER

Org PageRecipient Profile

Morristown, NJ

PURPOSE: PROGRAM TO PURCHASE 1 ECHOCARDIOGRAPHY TRAINING SIMULATOR AND 1 FIBROSCAN

$200,000

SOUTHERN OCEAN MEDICAL CENTER FOUNDATION

PURPOSE: CONTRIBUTE TO YOUR PROGRAM TO PURCHASE 1 HANNA ORTHOPEDIC FRACTURE TABLE AND 3 OLYMPUS HD VIDEO COLONOSCOPES

$200,000

ARMENIAN APOSTOLIC CHURCH OF AMERICA EASTERN PRELACY

PURPOSE: PROGRAM RELIEF EFFORTS

$100,000

USA CYCLING FOUNDATION

PURPOSE: VEHICLE PURCHASE, OLYMPIC TEAM PREPARATION, AND EQUIPMENT FOR LET'S RIDE CAMPS

$75,000

MEMORIAL SLOAN KETTERING

PURPOSE: THE THIRD INSTALLMENT OF A FIVE YEAR PLEDGE FOR BIOMARKER RESEARCH

$50,000

NEW JERSEY INTERSCHOLASTIC CYCLING LEAGUE

PURPOSE: CONTRIBUTE TO TRY IT OUT PROGRAM AND THE LOANER BIKE PROGRAM

$50,000
View Grant Profile

Peer Organizations

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