Lloyd & Carole Carney Foundation Inc
- Assets
- $1.3m
- Revenue
- $648.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodside, CA
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 77-0528830
Organization Overview
Lloyd & Carole Carney Foundation Inc is located in Woodside, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lloyd & Carole Carney 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, Lloyd & Carole Carney Foundation Inc generated $648.9k 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 (6.6%) each year. All expenses for the organization totaled $237.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lloyd & Carole Carney Foundation Inc has awarded 82 individual grants totaling $2,968,370. 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
GRANT-MAKING ONLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Carney Director | 0 | $0 | |
Karen Gonzales Secretary And Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,807 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $573,875 |
| Capital Gain Net Income | $573,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,253 |
| Total Revenue | $648,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,598 |
| Contributions, gifts, grants paid | $229,000 |
| Total expenses and disbursements | $237,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $471,910 |
| Savings and temporary cash investments | $0 |
| 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 | $851,589 |
| Total assets | $1,323,499 |
| 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, Lloyd & Carole Carney Foundation Inc has awarded $229,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDANCE ACADEMY PURPOSE: GENERAL | $40,000 |
VEHICLES FOR CHANGE PURPOSE: GENERAL | $10,000 |
DANNYS PLACE PURPOSE: GENERAL | $4,000 |
JAMAICA'S PROMISE PURPOSE: GENERAL | $10,000 |
BOYS AND GIRLS CLUB OF THE PENINSULA PURPOSE: GENERAL | $100,000 |
UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: GENERAL | $65,000 |