Carson Foundation
- Assets
- $1.7m
- Revenue
- $570.9k
- Investments
- $1.4m
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 02/1998
- Data as of
- 12/2023
- EIN
- 76-0535539
Organization Overview
Carson Foundation is located in Alexandria, VA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2023, Carson Foundation generated $570.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $93.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Carson Foundation has awarded 56 individual grants totaling $858,338. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taj C Carson President | 0.5 | $6,000 | |
Michael Chin Vice President | 0.5 | $6,000 | |
Susan Chibnall Vp/treas | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $286,563 |
| Interest on Savings | $14,116 |
| Dividends & Interest | $23,818 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,366 |
| Capital Gain Net Income | $246,366 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $570,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $1,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $744 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,242 |
| Printing and publications | $0 |
| Other expenses | $2,710 |
| Total operating and administrative expenses | $40,896 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $93,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,307 |
| Savings and temporary cash investments | $307,568 |
| 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 | $205,691 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $671 |
| Total assets | $1,705,907 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $3,000 |
Grants Awarded
Over the last fiscal year, Carson Foundation has awarded $53,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPICE AUSTIN PURPOSE: OPERATING FUNDS | $10,000 |
SPORTS VISION 20 20 PURPOSE: OPERATING FUNDS | $10,000 |
WOMENS INTERNATIONAL NETWORK FOR GUATEMALAN SOLUTIONS (WINGS) PURPOSE: OPERATING FUNDS | $23,000 |
PAN AMERICAN EDUCATION FOUNDATION PURPOSE: OPERATING FUNDS | $10,000 |