Overview
What is The Caroline Foundation Inc?
The Caroline Foundation Inc, situated in Denton, Maryland (specifically at PO Box 607), is a nonprofit organization committed to benefiting the local community. They fulfill this mission by granting funds to other nonprofit organizations. Their primary objective is to support these organizations, thereby contributing positively to their respective communities. The Foundation's activities are centered around awarding grants to these nonprofits, ultimately aiming to enhance the well-being and development of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
The Caroline Foundation Inc has achieved an 87% rating from Charity Navigator, reflecting a solid standing in accountability and financial health. The organization boasts a 100% independent board and a low liabilities to assets ratio of 0.00%, highlighting its strong governance practices and financial stability. Additionally, the foundation has demonstrated robust transparency through its documented board meeting minutes and established whistleblower and document retention policies.
With a program expense ratio of 83.55%, The Caroline Foundation Inc allocates a significant portion of its funds directly to its programs, indicating a focus on its mission impact. The organization has maintained no material diversion of assets, which further reinforces its commitment to responsible management and ethical practices. These factors contribute to its favorable rating and reputation among stakeholders.
While the foundation exhibits strong financial and operational metrics, potential donors may still want to consider the overall impact and reach of its programs in the community. Overall, The Caroline Foundation Inc presents itself as a well-managed nonprofit with a commitment to transparency and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is The Caroline Foundation Inc legitimate?
The Caroline Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Caroline Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of The Caroline Foundation Inc?
The Caroline Foundation Inc's mission is centered around awarding grants to nonprofit organizations. This mission aims to benefit the local community by providing financial assistance to these organizations. By doing so, the foundation contributes to various community-focused initiatives and projects, ultimately contributing to the betterment of the local population. The foundation's primary activity revolves around grant-giving, which directly impacts and improves the lives of individuals within the community.
Who is the CEO of The Caroline Foundation Inc?
Terry Mead is the President of The Caroline Foundation Inc.
What is the revenue of The Caroline Foundation Inc?
The Caroline Foundation Inc's revenue in 2023 was -$677,130.
Who are the executives of The Caroline Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for The Caroline Foundation Inc?
The Caroline Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Caroline Foundation Inc
The Caroline Foundation Inc, a nonprofit organization, is committed to awarding grants to other charitable entities that contribute positively to their local community. Their mission is centered around this grant-giving activity, aiming to provide financial assistance to nonprofit organizations that can make a significant impact in their specific communities. By funding these organizations, The Caroline Foundation Inc plays a crucial role in fostering growth, development, and improvement within the local community. Their mission is to serve as a catalyst for positive change, empowering other nonprofits to carry out their own missions and make a difference in the lives of those they serve.
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Impact
October, 2024
The Caroline Foundation Inc. has a significant impact on the local community by providing essential funding through grants to various organizations. This support empowers local initiatives, enhances community services, and fosters development in Denton, MD. By focusing on organizations that address the needs of the community, the foundation plays a crucial role in improving the quality of life for residents, promoting philanthropy, and facilitating meaningful projects that drive positive change. Through its dedicated efforts to award grants, The Caroline Foundation Inc. strengthens community ties and supports sustainable growth.
This information is meant to be a general summary of The Caroline Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$678,180
- Gross Receipts: $9,585,097
Assets and Liabilities:
- Total Assets: $15,701,192
- Total Liabilities: $0
- Net Assets: $15,701,192
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Organization Details
Founding Year
1967
Phone
(410) 310-2030Principal Officer
Terry Mead
Main Address
PO BOX 607, DENTON, MD, 21629
NTEE Category
Code: T30 - Philanthropy
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