Mohawk Carpet Foundation Inc
- Assets
- $491.6k
- Revenue
- $741.0k
- Investments
- $152.8k
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 58-1902607
Organization Overview
Mohawk Carpet Foundation Inc is located in Kennesaw, GA. 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. Mohawk Carpet 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, Mohawk Carpet Foundation Inc generated $741.0k 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 (17.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mohawk Carpet Foundation Inc has awarded 126 individual grants totaling $2,916,954. 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 |
|---|---|---|---|
Robert Webb CEO | 4 | $0 | |
James Brunk CFO | 2 | $0 | |
Dave Patton Secretary | 2 | $0 | |
Shailesh Bettadapur Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $732,000 |
| Interest on Savings | $31 |
| Dividends & Interest | $4,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,675 |
| Capital Gain Net Income | $4,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $740,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,578 |
| Contributions, gifts, grants paid | $1,228,514 |
| Total expenses and disbursements | $1,231,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $338,793 |
| 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 | $491,600 |
| 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, Mohawk Carpet Foundation Inc has awarded $1,228,514 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
GLASGOW LIFESAVING & FIRST AID CREW PURPOSE: COMMUNITY SUPPORT | $35,000 |
GLASGOW VOLUNTEER FIRE DEPARTMENT PURPOSE: COMMUNITY SUPPORT | $55,000 |
LATIN AMERICAN ASSOCIATION PURPOSE: COMMUNITY SUPPORT-PROVIDES PROGRAMS AND SERVICES THAT SUPPORT LATIN FAMILIES IN NEED | $117,500 |
SHEPHERD CENTER FOUNDATION PURPOSE: SUPPORT FOR THE SHEPHERD CENTER THAT HELPS PEOPLE WITH SPINAL INJURIES | $100,000 |
CREATIVE ARTS GUILD PURPOSE: CULTURAL ARTS-ADJOINING LAND PURCHASE TO PROVIDE EDUCATION IN VISUAL AND PERFORMING ARTS: SUPPORTS ESTABLISHED ARTISTS AND NURTURING EMERGING ARTISTS | $150,000 |
AMERICAN RED CROSS OF NW GA PURPOSE: COMMUNITY SUPPORT - ASSISTANCE DURING EMERGENCIES | $6,000 |