Roy J Carver Charitable Tr
- Assets
- $235.0m
- Revenue
- $17.8m
- Investments
- $227.9m
- Employees
- 0
- Location
- Muscatine, IA
- Founding
- 12/1982
- Data as of
- 04/2023
- 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 04/2023, Roy J Carver Charitable Tr generated $17.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $12.9m during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Roy J Carver Charitable Tr has awarded 757 individual grants totaling $361,478,549. 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 |
|---|---|---|---|
John A Carver Trustee | 2 | $25,200 | |
Roy J Carver Jr Trustee/chairman | 4 | $30,000 | |
Willard L Boyd Trustee | 1 | $11,200 | |
J Larry Griffith Trustee/vice Chairman | 4 | $27,750 | |
Troy K Ross Chief Executive Officer | 40 | $427,128 | |
D Scott Ingstad Trustee | 2 | $25,550 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smith Graham & Co | 4/29/23 | $369,540 |
Lsv Asset Management | 4/29/23 | $199,240 |
Acadian Asset Management | 4/29/23 | $257,270 |
Northern Trust | 4/29/23 | $99,951 |
Galliard Capital Management | 4/29/23 | $94,294 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,534 |
| Dividends & Interest | $6,003,615 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,267,881 |
| Capital Gain Net Income | $10,927,223 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $546,000 |
| Total Revenue | $17,819,030 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $595,428 |
| Other employee salaries and wages | $543,657 |
| Pension plans, employee benefits | $287,593 |
| Interest | $0 |
| Taxes | $492,008 |
| Depreciation | $63,379 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,094 |
| Printing and publications | $1,310 |
| Other expenses | $231,604 |
| Total operating and administrative expenses | $3,472,293 |
| Contributions, gifts, grants paid | $9,457,263 |
| Total expenses and disbursements | $12,929,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,000 |
| Savings and temporary cash investments | $3,202,180 |
| 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 | $17,254,592 |
| Investments—other | $108,622,506 |
| Net Land, buildings, and equipment | $3,275,586 |
| Other assets | $567,675 |
| Total assets | $234,963,885 |
| Accounts payable and accrued expenses | $99,129 |
| Grants payable | $24,522,612 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,333,000 |
| Total liabilities | $25,954,741 |
Grants Awarded
Over the last fiscal year, Roy J Carver Charitable Tr has awarded $41,613,703 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN MUSEUM OF IOWA PURPOSE: BUILDING RENOVATION | $200,000 |
ALL SAINTS CATHOLIC SCHOOL PURPOSE: PLAYGROUND IMPROVEMENTS | $25,000 |
AUGUSTANA COLLEGE PURPOSE: SCIENTIFIC EQUIPMENT FOR STUDY IN GENETICS | $118,062 |
ATALISSA VOLUNTEER FIRE DEPARTMENT PURPOSE: ENGINE REPAIR | $25,000 |
BLAKESBURG PUBLIC LIBRARY PURPOSE: BUILDING RENOVATION | $60,000 |
BACKWATER GAMBLERS PURPOSE: SKI EQUIPMENT | $25,000 |