Carmel Family Foundation
- Assets
- $1.1m
- Revenue
- $36.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2023
- EIN
- 87-4042485
Organization Overview
Carmel Family Foundation is located in Miami, FL. 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. Carmel Family 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, Carmel Family Foundation generated $36.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (68.1%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPASS WORKING CAPITAL - THIS IS A NATIONAL RECOGNIZED CHARITY THAT PROVIDES FINANCIAL COACHING TO FAMILIES IN SUBSIDIZED HOUSING. THEY ALSO ADMINISTER THE FAMILY SELF SUFFICIENCY FSS PROGRAM ON BEHALF OF PUBLIC HOUSING AUTHORITIES AND OTHER HOUSING PARTNERS. THE WEBSITE IS HTTPS: WWW.COMPASSWORKINGCAPITAL.ORG AND THEY FILE A FORM 990 WITH DETAILED INFORMATION.
SPARKALPHA INSPIRES THE FUTURE LEADERS OF STEM SEMICONDUCTORS AND ADVANCED MANUFACTURING. WE PARTNER WITH LEADING COLLEGES AND COMPANIES TO ENGAGE STUDENTS WITH EDUCATION AND CAREER PATHWAYS. SPECIFICALLY OUR FOUNDATION'S GIFT WILL BE USED TOWARDS ASSISTING HIGH SCHOOL STUDENTS AT WALTHAM HIGH SCHOOL IN WALTHAM MA. THE WEBSITE IS HTTPS: WWW.SPARKPHOTONICS.ORG
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Carmel President | 1 | $0 | |
Marissa Carmel Secretary | 1 | $0 | |
David Baum Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165 |
| Dividends & Interest | $32,294 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,986 |
| Capital Gain Net Income | $3,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $36,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $749 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,156 |
| Contributions, gifts, grants paid | $53,000 |
| Total expenses and disbursements | $54,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,313 |
| 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 | $0 |
| Total assets | $1,096,142 |
| 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, Carmel Family Foundation has awarded $53,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASS WORKING CAPITAL PURPOSE: UNRESTRICTED | $48,000 |
SPARK PHOTONICS FOUNDATION INC PURPOSE: SPECIFICALLY TO ASSIST IN THE STEM PROGRAM AT WALTHAM HIGH SCHOOL IN WALTHAM MA | $5,000 |