Caritas Foundation
- Assets
- $9.1m
- Revenue
- $1.2m
- Investments
- $8.9m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 41-6487728
Organization Overview
Caritas Foundation is located in Madison, WI. 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. Caritas 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 12/2023, Caritas Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $878.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Caritas Foundation has awarded 46 individual grants totaling $2,846,525. 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 |
|---|---|---|---|
Frederick P Schwartz President, Director | 1 | $0 | |
Deborah A Schwartz Vice-President, Director | 1 | $0 | |
Hamang B Patel Exec. Director, Secretary, | 5 | $24,000 | |
Sarah A Kuemmel Director | 1 | $1,000 | |
Katherine Eby Director | 1 | $1,000 | |
Joseph M Schwartz Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,479 |
| Interest on Savings | $0 |
| Dividends & Interest | $266,147 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $465,927 |
| Capital Gain Net Income | $465,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $254 |
| Total Revenue | $1,232,807 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,486 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $72,497 |
| Contributions, gifts, grants paid | $806,045 |
| Total expenses and disbursements | $878,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,501 |
| 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 | $16,852 |
| Total assets | $9,099,146 |
| 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, Caritas Foundation has awarded $806,045 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS COMMUNITY HEALTH CENTERS PURPOSE: UNRESTRICTED CHARITABLE GRANT | $50,000 |
CHARIS CLASSICAL ACADEMY PURPOSE: UKRAINIAN TUTION ASSISTANCE | $40,000 |
DISTRICT COUNCIL OF MADISON INC SOCIETY OF ST VINCENT DE PAUL PURPOSE: UNRESTRICTED CHARITABLE GRANT | $75,000 |
EDGEWOOD COLLEGE PURPOSE: WELLNESS CENTER | $50,000 |
MADISON AREA FOOD PANTRY GARDENS INC PURPOSE: FUND PURCHASE OF POPE FARM HOMESTEAD | $50,000 |
ONE CITY SCHOOLS INC PURPOSE: UNRESTRICTED CHARITABLE GRANT | $200,000 |