Tom J & Edna Mae Carson Foundation
- Assets
- $9.6m
- Revenue
- $1.8m
- Investments
- $7.7m
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 58-1880469
Organization Overview
Tom J & Edna Mae Carson Foundation is located in Fort Smith, AR. The organization was established in 1990. 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. Tom J & Edna Mae Carson 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, Tom J & Edna Mae Carson Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $918.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tom J & Edna Mae Carson Foundation has awarded 122 individual grants totaling $3,773,163. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Carson Trustee | 0 | $0 | |
Drew T Carson Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,546 |
| Dividends & Interest | $442,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $937,889 |
| Capital Gain Net Income | $937,889 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $416,743 |
| Total Revenue | $1,812,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,760 |
| Taxes | $6,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,583 |
| Total operating and administrative expenses | $180,637 |
| Contributions, gifts, grants paid | $737,534 |
| Total expenses and disbursements | $918,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $744,441 |
| 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 | $1,102,464 |
| Total assets | $9,565,929 |
| 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, Tom J & Edna Mae Carson Foundation has awarded $737,534 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ADAIR COUNTY RESOURCES PURPOSE: GENERAL SUPPORT | $296,764 |
OSU FOUNDATION PURPOSE: GENERAL SUPPORT | $250,500 |
WESTVILLE PUBLIC SCHOOL PURPOSE: GENERAL SUPPORT | $42,700 |
Kansas, OK PURPOSE: GENERAL SUPPORT | $35,000 |
ORCHARD ROAD PURPOSE: GENERAL SUPPORT | $27,000 |
STILWELL YOUTH PURPOSE: GENERAL SUPPORT | $25,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |