Thalia & Michael C Carlos Foundation Inc
- Assets
- $22.8m
- Revenue
- $974.6k
- Investments
- $22.5m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 58-1410420
Organization Overview
Thalia & Michael C Carlos Foundation Inc is located in Atlanta, GA. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Thalia & Michael C Carlos Foundation Inc 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 12/2022, Thalia & Michael C Carlos Foundation Inc generated $974.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thalia & Michael C Carlos Foundation Inc has awarded 216 individual grants totaling $5,315,000. 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 |
|---|---|---|---|
Mary Balent Long President | 1 | $0 | |
F Sheffield Hale Secretary | 0.5 | $0 | |
Miles J Alexander Trustee | 0.5 | $0 | |
Chris M Carlos Trustee | 0.5 | $0 | |
Robert Arogeti Treasurer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Domestic Holdings Inc | 12/30/20 | $71,593 |
Fidelity Brokerage Services Llc | 12/30/20 | $56,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $564,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $281,454 |
| Capital Gain Net Income | $281,454 |
| Net ST Capital Gain | $0 |
| Income Modifications | $10,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $128,922 |
| Total Revenue | $974,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $151,698 |
| Total operating and administrative expenses | $202,771 |
| Contributions, gifts, grants paid | $1,555,000 |
| Total expenses and disbursements | $1,757,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $360,484 |
| 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 | $1,218,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,825,104 |
| 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, Thalia & Michael C Carlos Foundation Inc has awarded $1,555,000 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
ADDICTION ALLIANCE OF GA (EMORYHAZELDON) PURPOSE: GENERAL SUPPORT | $25,000 |
AMERICAN JEWISH COMMITTEE SOUTHEAST REGION PURPOSE: GENERAL SUPPORT | $15,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $25,000 |
ARTSATL PURPOSE: GENERAL SUPPORT | $25,000 |
COVENANT HOUSE GEORGIA PURPOSE: GENERAL SUPPORT | $10,000 |
EMORY CHAMBER MUSIC SOCIETY OF ATLANTA (MATCHING GRANT WITH CARLOS DAF) PURPOSE: GENERAL SUPPORT | $50,000 |