Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust
- Assets
- $16.9m
- Revenue
- $1.1m
- Investments
- $15.5m
- Employees
- 0
- Location
- Danville, VA
- Founding
- 11/1985
- Data as of
- 02/2022
- EIN
- 54-6223108
Organization Overview
Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust is located in Danville, VA. The organization was established in 1985. 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. Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust 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 02/2022, Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.4m during the year ending 02/2022. While expenses have increased by 2.2% per year over the past 6 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.
Since 2015, Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust has awarded 165 individual grants totaling $5,936,507. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
American National Bank Trust Co Trustee | 6 | $184,139 | |
Edward F Hodges Jr Trustee | 2 | $61,387 | |
William S Woods Trustee | 2 | $61,387 | |
Kirk Bidgood Trustee | 2 | $50,865 | |
Charles H Majors Trustee | 2 | $10,522 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $484,847 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $653,562 |
| Capital Gain Net Income | $653,562 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,138,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $368,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,193 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,466 |
| Total operating and administrative expenses | $390,639 |
| Contributions, gifts, grants paid | $1,029,999 |
| Total expenses and disbursements | $1,420,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,347,392 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $16,861,649 |
| 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, Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust has awarded $1,029,999 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
SWEET BRIAR COLLEGE EIN 54-0534105 PURPOSE: 9/24 SHARE OF ANNUAL DISTRIBUTION | $367,092 |
HAMPDEN-SYDNEY COLLEGE EIN 54-0505906 PURPOSE: 3/24 SHARE OF ANNUAL DISTRIBUTION | $122,364 |
DANVILLE LIFE SAVING CREW PAID FROM ACCOUNT #1302 EIN 54-6056901 PURPOSE: ANNUAL DISTRITUBTUION | $51,088 |
DANVILLE SCIENCE CENTER INC EIN 54-1776405 PURPOSE: TO MAKE CONTRACT PAYMENTS FOR TRAVELING EXHIBITS AND TO SECURE NEW FILMS FOR THE DIGITAL DOME THEATER. | $50,000 |
FIRST PRESBYTERIAN CHURCH EIN 54-0544703 PURPOSE: 1/24 SHARE OF ANNUAL DISTRIBUTION | $40,788 |
SALVATION ARMY EIN 58-0660607 PURPOSE: 1/24 SHARE OF ANNUAL DISTRIBUTION | $40,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |