Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust
- Assets
- $16.1m
- Revenue
- $524.2k
- Investments
- $15.1m
- Employees
- 0
- Location
- Danville, VA
- Founding
- 11/1985
- Data as of
- 02/2023
- 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 02/2023, Alexander Berkeley Carrington Jr Ruth S Carrington Charitable Trust generated $524.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.3m during the year ending 02/2023. 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 186 individual grants totaling $6,856,507. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
American National Bank Trust Co Trustee | 6 | $166,634 | |
Edward F Hodges Jr Trustee | 2 | $55,538 | |
William S Woods Trustee | 2 | $55,538 | |
Charles H Majors Trustee | 2 | $55,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26,790 |
| Dividends & Interest | $445,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,714 |
| Capital Gain Net Income | $37,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,032 |
| Total Revenue | $524,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $333,249 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,057 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,154 |
| Total operating and administrative expenses | $391,360 |
| Contributions, gifts, grants paid | $920,000 |
| Total expenses and disbursements | $1,311,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $984,928 |
| 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 | $16,074,524 |
| 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 $920,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AVERETT UNIVERSITY 54-0129860 PURPOSE: TO FUND THE RENOVATION OF THE STUDENT CENTER PLAZA (THIRD PAYMENT) | $30,000 |
BOYS AND GIRLS CLUBS OF THE DANVILLE AREA 54-1880308 PURPOSE: FUNDING FOR QUAD-A INITIATIVE PHASE ONE - AI TECHNOLOGY | $40,000 |
DANVILLE AREA CHORAL ARTS SOCIETY 54-1380706 PURPOSE: SPRING CHORAL CONCERT "ETERNAL LIGHT" | $4,000 |
DANVILLE CHURCH-BASED TUTORIAL PROGRAM INC 54-1824377 PURPOSE: TO FUND STUDENT INCENTIVES TO INSPIRE, MOTIVATE AND REWARD K-12 STUDENTS TO ACHIEVE BOTH ACADEMICALLY AND BEHAVIORALLY IN SCHOOL | $20,000 |
DANVILLE COMMUNITY COLLEGE 54-1213521 PURPOSE: FOR SUPPORT OF HELPING HANDS CHILD DEVELOPMENT CENTER, LLC, TO PROVIDE SCHOLARSHIPS THAT MAKE CHILDCARE MORE AFFORDABLE FOR STUDENT-PARENTS ATTENDING DCC. | $25,000 |
DANVILLE MUSEUM OF FINE ARTS & HISTORY 23-7125187 PURPOSE: FUNDS TO FACILITATE THREE EXHIBITIONS FOR 2023, WHICH THEY HAVE NOT HAD SINCE 2019 | $10,575 |