David M Carmines Memorial Foundation
- Assets
- $119.7k
- Revenue
- $75.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hilton Head Island, SC
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 42-2454608
Organization Overview
David M Carmines Memorial Foundation is located in Hilton Head Island, SC. The organization was established in 2006. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David M Carmines Memorial 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 12/2021, David M Carmines Memorial Foundation generated $75.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $132.8k during the year ending 12/2021. While expenses have increased by 13.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE CANCER RESEARCH; PROMOTE PUBLIC RECREATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND SUPPORT CANCER RESEARCH
PROMOTE PUBLIC RECREATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria M Carmines Secretary | Officer | 2 | $0 |
Brian J Carmines President | Officer | 2 | $0 |
Andrew J Carmines Treasurer | Officer | 4 | $0 |
Kathryn C Porter Member | Trustee | 3 | $0 |
Frank Soule Program Coor | Trustee | 2 | $0 |
James Wedgeworth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,000 |
| Government grants | $52,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,190 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,410 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $132,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,665 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $68,563 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,563 |
| Net assets without donor restrictions | $51,102 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $119,665 |
Grants Awarded
Over the last fiscal year, David M Carmines Memorial Foundation has awarded $88,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DONATIONS - PUBLIC RECREATION | | | $81,000 |
DONATIONS - CANCER RESEARCH | | | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that David M Carmines Memorial Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
J M Smith Foundation Spartanburg, SC PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research Triangle Foundation Of North Carolina Research Triangle Park, NC | $210,917,305 | $40,089,804 |
South Carolina Medical Association Foundation Columbia, SC | $2,934,149 | $977,722 |
Regenmed Development Organization Winstonsalem, NC | $1,918,667 | $1,082,279 |
Fore Batten Foundation Chapel Hill, NC | $1,880,374 | $1,570,342 |
Isakson Initiative Inc Atlanta, GA | $1,622,312 | $1,140,837 |
Paula Takacs Foundation For Sarcoma Research Weddington, NC | $577,201 | $617,474 |
A Cure In Sight Raleigh, NC | $90,213 | $324,456 |
Challenge To Conquer Cancer Greenville, SC | $15,012 | $206,385 |
Megs Smile Foundation Inc Holly Springs, NC | $388,009 | $280,550 |
Champ Foundation Durham, NC | $431,396 | $187,225 |
Jim Catfish Hunter Als Foundation Hertford, NC | $482,566 | $107,039 |
Carson Sarcoma Foundation Asheville, NC | $256,564 | $283,758 |