Clarence E And Irene M Carlson Charitable
- Assets
- $2.3m
- Revenue
- $111.8k
- Investments
- $2.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- Data as of
- 12/2023
- EIN
- 41-6210272
Organization Overview
Clarence E And Irene M Carlson Charitable is located in Milwaukee, WI. 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. Clarence E And Irene M Carlson Charitable 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 12/2023, Clarence E And Irene M Carlson Charitable generated $111.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.5%) each year. All expenses for the organization totaled $107.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Clarence E And Irene M Carlson Charitable has awarded 20 individual grants totaling $274,729. 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 | $9,365 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,824 |
| Capital Gain Net Income | $46,824 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $108 |
| Total Revenue | $111,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,286 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,140 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $41,951 |
| Contributions, gifts, grants paid | $65,557 |
| Total expenses and disbursements | $107,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369 |
| Savings and temporary cash investments | $279,732 |
| 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 | $2,052,119 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,871 |
| Total assets | $2,335,091 |
| 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, Clarence E And Irene M Carlson Charitable has awarded $65,557 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CERENITY FOUNDATION PURPOSE: GENERAL OPERATING | $16,389 |
EVANGELICAL LUTHERAN CHURCH IN AMERICA PURPOSE: GENERAL OPERATING | $8,195 |
LUTHERAN MEN IN MISSION PURPOSE: GENERAL OPERATING | $8,195 |
AUGUSTANA CARE FOUNDATION PURPOSE: GENERAL OPERATING | $16,389 |
ELCA FOUNDATION PURPOSE: GENERAL OPERATING | $16,389 |