Carol Foundation

Organization Overview

Carol Foundation is located in Gallatin, TN. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Carol 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, Carol Foundation generated $245.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $156.6k during the year ending 12/2022. While expenses have increased by 7.9% per year over the past 5 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, Carol Foundation has awarded 37 individual grants totaling $240,500. 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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Board, Officers & Key Employees

Name (title)Compensation
Dwight Martin
Sec Treas
$15,000
Joy Henderson
President
$10,000
Carol Martin
Trustee
$5,000
Lorrie Gideon
Trustee
$5,000
Melissa Black
Trustee
$5,000

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $513
Dividends & Interest $33,473
Net Rental Income$0
Net Gain on Sale of Assets $211,399
Capital Gain Net Income $211,399
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $245,385

Grants Awarded

Over the last fiscal year, Carol Foundation has awarded $80,000 in support to 9 organizations.

Grant RecipientAmount

GOSPEL ECHOES

PURPOSE: PRISON TRAINING

$10,000

CHILDRENS BIBLE MINISTRIES

PURPOSE: TRAINING MISSIONARIES

$10,000

CUMBERLAND CHRISES PREGNANCY

PURPOSE: CARE FOR YOUNG MOTHERS & BABIES

$10,000

CHILD EVANGELISM FELLOWSHIP

PURPOSE: TRAINING & SALARIES

$10,000

HANNAHS HAVEN

PURPOSE: GENERAL OPERATING EXPENSES

$10,000

MERCY MULTIPLIED

PURPOSE: GENERAL OPERATING EXPENSES

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
The Arthur M Blank Family Foundation
Atlanta, GA
$84,889,977
Pyramid Peak Foundation
Memphis, TN
$119,724,559
Alice L Walton Foundation
Bentonville, AR
$449,327,995
John Bulow Campbell Foundation
Atlanta, GA
$103,345,098
The Rosser Foundation A Pure Charitable Trust And Public Charit
Hampton, VA
$36,359,396
Jesus Fund
Little Rock, AR
$128,635,887
James S Mcdonnell Foundation
St Louis, MO
$80,243,658
Patterson Family Foundation
Kansas City, MO
$1,174,628,172
Poplar Foundation
Memphis, TN
$18,419,294
Builders Initiative
Bentonville, AR
$530,265,880
John M Belk Endowment
Charlotte, NC
$19,824,991
Plough Foundation
Memphis, TN
$7,604,937

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