Joseph and Inez E Carbone Foundation Tr

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $62K a year · 33% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
990-PF Pt I · 6 filings
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$158K
-15% vs prior year
Spent
$242K
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$158K
FY2025▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$333K
FY2021$274K
FY2022$46K
FY2023$119K
FY2024$185K
FY2025$158K
Expenses
$242K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$231K
FY2021$244K
FY2022$255K
FY2023$263K
FY2024$252K
FY2025$242K
Net assets
$1.6M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$1.9M
FY2023$1.8M
FY2024$1.7M
FY2025$1.6M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 92% · $223K Operating & administrative 8% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Joseph and Inez E Carbone Foundation Tr executive salaries →

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Programs and updates

A private foundation based in Utica, NY.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 46 grants · $223K · 2025–2025
Mohawk Valley Health System FoundationFY2025$103,000
Kelberman CenterFY2025$15,200
Utica UniversityFY2025$11,000
IcanFY2025$10,000
Individual RecipientFY2025$8,000
House of the Good ShepherdFY2025$7,200
Community Wellness PartnersFY2025$6,000
Individual RecipientFY2025$5,000
Individual RecipientFY2025$5,000
Iglesia Unifed ChurchFY2025$5,000
Toys for TotsFY2025$3,500
Corr Joseph FoundationFY2025$3,000
Individual RecipientFY2025$2,500
American Heart AssociationFY2025$2,500
Guardians of FreedomFY2025$2,000
Habitat for HumanityFY2025$2,000
Women's FundFY2025$2,000
Individual RecipientFY2025$2,000
See all 46 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$5K
Median grantPart XV$2K
Largest grantPart XV$103K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$158K
Investment income$131K
Gifts and grants$27K
Money out
$242K
Grants paid$223K
Running costs$19K
Owns and owes
$1.6M
net assets
Cash and savings$168K
Total assets$1.7M
Liabilities$13K
People
3
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$27K
Investment income$131K
Total revenue$158K
Assets in detailEnd of year
Cash and savings together$168K
Total assets$1.7M
Liabilities$13K
Net assets$1.6M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $158K$242K−$84K$1.6M 990 PDF
FY2024 $185K$252K−$67K$1.7M 990 PDF
FY2023 $119K$263K−$144K$1.8M 990 PDF
FY2022 $46K$255K−$209K$1.9M 990 PDF
FY2021 $274K$244K$30K$2.1M 990 PDF
FY2020 $333K$231K$102K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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