The Beirne Carter Foundation
- Assets
- $25.2m
- Revenue
- $3.0m
- Investments
- $24.7m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 54-1397827
Organization Overview
The Beirne Carter Foundation is located in Richmond, VA. The organization was established in 1987. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Beirne Carter 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, Beirne Carter Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Beirne Carter Foundation has awarded 257 individual grants totaling $8,113,913. 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 |
|---|---|---|---|
Rossie Carter Hutcheson President | 5 | $12,000 | |
Talfourd H Kemper ESQ Secretary/treasurer | 1 | $8,000 | |
Kenneth C Laughon Vice President | 1 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $92 |
| Dividends & Interest | $610,151 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,393,334 |
| Capital Gain Net Income | $2,393,334 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,003,577 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,000 |
| Other employee salaries and wages | $52,500 |
| Pension plans, employee benefits | $0 |
| Interest | $42,771 |
| Taxes | $41,404 |
| Depreciation | $0 |
| Occupancy | $25,594 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83,010 |
| Total operating and administrative expenses | $365,921 |
| Contributions, gifts, grants paid | $1,358,833 |
| Total expenses and disbursements | $1,724,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $481,211 |
| 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 | $24,690,878 |
| Net Land, buildings, and equipment | $17,415 |
| Other assets | $0 |
| Total assets | $25,189,504 |
| 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 | $1,033 |
| Total liabilities | $1,033 |
Grants Awarded
Over the last fiscal year, The Beirne Carter Foundation has awarded $1,334,585 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
500 YEAR FOREST FOUNDATION PURPOSE: GENERAL PURPOSES | $10,000 |
BLUE RIDGE LAND CONSERVANCY PURPOSE: MEMORIAL GIFT | $5,000 |
BEIRNE B CARTER CENTER FOR IMMUNOLOGY RESEARCH PURPOSE: PURCHASE NEW TECHNOLOGY, SUPPORT FACULTY, ASSIST WITH LOSS OF FUNDING | $100,000 |
BLUE RIDGE PBS PURPOSE: GENERAL PURPOSES | $10,000 |
BOYS AND GIRLS CLUBS OF METRO RICHMOND PURPOSE: CAPITAL CAMPAIGN | $10,000 |
CARILION CLINIC PURPOSE: GENERAL PURPOSES | $450,000 |