Roy J Carver Charitable Tr
- Assets
- $235.0m
- Revenue
- $22.2m
- Investments
- $225.8m
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 12/1982
- Data as of
- 04/2022
- EIN
- 42-1186589
Organization Overview
Roy J Carver Charitable Tr is located in Muscatine, IA. The organization was established in 1982. 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. Roy J Carver Charitable Tr 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 04/2022, Roy J Carver Charitable Tr generated $22.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $11.7m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Roy J Carver Charitable Tr has awarded 770 individual grants totaling $377,610,927. 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 |
|---|---|---|---|
Troy K Ross Chief Executive Officer | 40 | $399,043 | |
Lynne M Sasmazer Program Director | 40 | $187,258 | |
Erin L Van Hook Exec Asst & Fin Dir | 40 | $128,498 | |
Linda B Mumey Program Asst/sec | 40 | $65,043 | |
Roy J Carver Jr Trustee/chairman | 4 | $28,600 | |
J Larry Griffith Trustee/vice Chairman | 4 | $27,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smith Graham & Co | 4/29/22 | $469,320 |
Acadian Asset Management | 4/29/22 | $318,632 |
Northern Trust | 4/29/22 | $95,714 |
Galliard Capital Management | 4/29/22 | $111,824 |
Lsv Asset Management | 4/29/22 | $233,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $900 |
| Dividends & Interest | $5,177,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,246,113 |
| Capital Gain Net Income | $21,662,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $807,000 |
| Total Revenue | $22,231,044 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $566,393 |
| Other employee salaries and wages | $521,287 |
| Pension plans, employee benefits | $241,900 |
| Interest | $0 |
| Taxes | $403,066 |
| Depreciation | $64,783 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,902 |
| Printing and publications | $2,019 |
| Other expenses | $129,345 |
| Total operating and administrative expenses | $3,340,060 |
| Contributions, gifts, grants paid | $8,372,429 |
| Total expenses and disbursements | $11,712,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,000 |
| Savings and temporary cash investments | $7,326,541 |
| 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 | $12,047,603 |
| Investments—other | $109,354,349 |
| Net Land, buildings, and equipment | $1,376,109 |
| Other assets | $553,293 |
| Total assets | $235,043,756 |
| Accounts payable and accrued expenses | $105,103 |
| Grants payable | $29,079,492 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,732,000 |
| Total liabilities | $30,916,595 |
Grants Awarded
Over the last fiscal year, Roy J Carver Charitable Tr has awarded $47,074,484 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA PURPOSE: PROVIDE MAJOR PROGRAM AND ENDOWMENT SUPPORT | $24,650,000 |
UNIVERSITY OF IOWA PURPOSE: SUPPORT A MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BIOMEDICAL ENGINEERING | $6,000,000 |
UNIVERSITY OF IOWA PURPOSE: CCOM - DIRECT THE 2020 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE | $3,100,000 |
UNIVERSITY OF IOWA PURPOSE: ENGINEERING - MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BME | $1,500,000 |
TRINITY MUSCATINE FOUNDATION PURPOSE: CONSTRUCT A NEW HEALTH CLINIC FACILITY | $1,000,000 |
UNIVERSITY OF IOWA PURPOSE: MEDICINE - EXTEND A CORONAVIRUS RESEARCH PILOT GRANT PROGRAM | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |