Carner Family Trust
- Assets
- $6.9m
- Revenue
- $2.1m
- Investments
- $6.9m
- Employees
- 0
- Location
- East Aurora, NY
- Founding
- Data as of
- 12/2023
- EIN
- 85-4308424
Organization Overview
Carner Family Trust is located in East Aurora, NY. 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. Carner Family Trust 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, Carner Family Trust generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $272.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Miller Trustee | 5 | $0 | |
Theodore Carner Trustee | 30 | $75,000 | |
Robin Carner Trustee | 30 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,003,400 |
| Interest on Savings | $529 |
| Dividends & Interest | $118,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$55,096 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,067,046 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,603 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $212,491 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $272,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,190 |
| 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 | $3,747,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,915,606 |
| 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, Carner Family Trust has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS EDUCATION COLLABORATIVE PURPOSE: CHARITABLE | $50,000 |
YOUTH SAILING FOUNDATION OF INDIAN RIVER COUNTY PURPOSE: CHARITABLE | $10,000 |