Tom J & Edna Mae Carson Foundation
- Assets
- $9.5m
- Revenue
- $1.7m
- Investments
- $7.6m
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 08/1990
- Data as of
- 12/2022
- 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 12/2022, Tom J & Edna Mae Carson Foundation generated $1.7m 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 (20.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tom J & Edna Mae Carson Foundation has awarded 140 individual grants totaling $5,300,434. 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
2022
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 | 1 | $0 | |
Drew T Carson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,001 |
| Dividends & Interest | $427,811 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,153,180 |
| Capital Gain Net Income | $1,153,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $93,042 |
| Total Revenue | $1,675,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,640 |
| Taxes | $44,105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,198 |
| Total operating and administrative expenses | $216,958 |
| Contributions, gifts, grants paid | $1,368,187 |
| Total expenses and disbursements | $1,585,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $408,220 |
| 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 | $150,000 |
| 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 | $1,318,998 |
| Total assets | $9,453,785 |
| 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 $946,900 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
JERMIAH 29 FOUNDATION PURPOSE: GENERAL SUPPORT | $41,000 |
ORCHARD ROAD COMMUNITY OUTREACH PURPOSE: GENERAL SUPPORT | $37,800 |
WESTVILLE PUBLIC SCHOOL PURPOSE: GENERAL SUPPORT | $12,600 |
ADAIR COUNTY RESOURCE CENTER PURPOSE: GENERAL SUPPORT | $12,500 |
ADAIR COUNTY HEALTH CENTER PURPOSE: GENERAL SUPPORT | $252,000 |
ADAIR COUNTY JUNIOR LIVESTOCK PURPOSE: GENERAL SUPPORT | $39,000 |