Carruth Foundation
- Assets
- $12.0m
- Revenue
- $548.2k
- Investments
- $11.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 10/1994
- Data as of
- 01/2024
- EIN
- 76-0439576
Organization Overview
Carruth Foundation is located in Houston, TX. The organization was established in 1994. 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. Carruth 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 01/2024, Carruth Foundation generated $548.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $806.1k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Carruth Foundation has awarded 77 individual grants totaling $5,799,508. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady F Carruth President | 0 | $0 | |
Alan Schubert Trustee | 0 | $0 | |
Gentry Lee Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $312,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162,855 |
| Capital Gain Net Income | $162,855 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,632 |
| Total Revenue | $548,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $361 |
| Taxes | $1,060 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,864 |
| Total operating and administrative expenses | $116,619 |
| Contributions, gifts, grants paid | $689,500 |
| Total expenses and disbursements | $806,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $493,062 |
| 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 | $4,142,890 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,965,690 |
| 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, Carruth Foundation has awarded $689,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP FOR ALL PURPOSE: GENERAL SUPPORT | $10,000 |
HOUSTON SPCA PURPOSE: GENERAL SUPPORT | $252,000 |
HOUSTON MUSEUM OF NATURAL SCIENCE PURPOSE: GENERAL SUPPORT | $50,000 |
NORTHLAND CHRISTIAN SCHOOL PURPOSE: GENERAL SUPPORT | $100,000 |
SARATOGA SPRINGS PRESERVATION FDN PURPOSE: GENERAL SUPPORT | $35,000 |
SLIPPERY ROCK UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |