Carteret-Craven Electric Foundation
- Assets
- $215.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, NC
- Founding
- 08/1999
- Data as of
- 06/2022
- EIN
- 56-2144684
Organization Overview
Carteret-Craven Electric Foundation is located in Newport, NC. The organization was established in 1999. According to its NTEE Classification (T30) the organization is classified as: Public 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. Carteret-Craven Electric 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 06/2022, Carteret-Craven Electric Foundation generated $164.9k 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 $150.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO COLLECT AND DISBURSE FUNDS TO QUALIFIED ORGANIZATIONS AND INDIVIDUAL ASSISTANCE TO GOVERNMENT AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Ganey President | 0.5 | $0 | |
Abby Young Secretary | 0.5 | $0 | |
Loretta Baily Assistant Secretary | 0.5 | $0 | |
Denise Godette Treasurer | 0.5 | $0 | |
Robin Finch Assistant Treasurer | 0.5 | $0 | |
Cindy Meyers Vice-President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,549 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $304 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $164,853 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,497 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $150,298 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $215,359 |
| Other assets | $0 |
| Total assets | $215,359 |
| Total liabilities | $0 |
| Net assets or fund balances | $215,359 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carteret-Craven Electric Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $5,000 |
Peer Organizations
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|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |