Carmax Foundation
- Assets
- $6.3m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 10/2003
- Data as of
- 02/2022
- EIN
- 38-3681796
Organization Overview
Carmax Foundation is located in Richmond, VA. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Carmax 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 02/2022, Carmax Foundation generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $7.4m during the year ending 02/2022. While expenses have increased by 2.2% per year over the past 7 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, Carmax Foundation has awarded 18,264 individual grants totaling $50,575,045. 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 |
|---|---|---|---|
Ron Finlan Director | 0 | $0 | |
Karen Holt Director | 0 | $0 | |
Rosey Sanders President | 0 | $0 | |
Ashley Cullum Secretary | 0 | $0 | |
Jaime Dejesus Director | 0 | $0 | |
Joe Mullvain Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,796,407 |
| Interest on Savings | $1,584 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,797,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,156 |
| Printing and publications | $10,992 |
| Other expenses | $134,354 |
| Total operating and administrative expenses | $429,731 |
| Contributions, gifts, grants paid | $7,001,326 |
| Total expenses and disbursements | $7,431,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,338 |
| Savings and temporary cash investments | $6,330,031 |
| 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 | $6,340,369 |
| 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, Carmax Foundation has awarded $7,001,326 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
KABOOM PURPOSE: NATIONAL | $1,886,666 |
Alexandria, VA PURPOSE: NEW REGIONAL PILOTS | $1,252,205 |
Alexandria, VA PURPOSE: VOLUNTEER TEAM-BUILDERS & DRIVES | $905,000 |
Alexandria, VA PURPOSE: ASSOCIATE MATCHING DOLLARS | $605,410 |
Alexandria, VA PURPOSE: ASSOCIATE MATCHING HOURS | $412,923 |
PROJECT HELPING PURPOSE: NEW REGIONAL PILOTS | $302,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |