Terrence F Carraway Foundation is located in Darlington, SC. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terrence F Carraway 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 09/2022, Terrence F Carraway Foundation generated $61.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (29.0%) each year. All expenses for the organization totaled $26.2k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NEED-BASED SCHOLARSHIPS TO HONOR THE LIFE AND WORK OF SERGEANT TERRENCE CARRAWAY BY COMMITTING TO THE CONTINUATION OF TERRENCE'S WORK WITH THE YOUTH IN THE FLORENCE AND DARLINGTON AREA.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Carraway President | 4 | $0 | |
Terrence Rashad Carraway Vice President | 1 | $0 | |
Ngozi Onwuka Secretary-Treasurer | 1 | $0 | |
Allyson Carraway Administrative Officer | 1 | $0 | |
Daniel Blathers Public Relations Officer | 1 | $0 | |
Lamias Muldrow Chaplain | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,208 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $33 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,233 |
| Other Revenue | $0 |
| Total Revenue | $61,008 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $21,594 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $812 |
| Total expenses | $26,206 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,715 |
| Other assets | $0 |
| Total assets | $268,163 |
| Total liabilities | $90,350 |
| Net assets or fund balances | $177,813 |