Carson Foundation INC FY2020 filing

Unknown exempt organization Carson City, MI EIN 46-0877509
Revenue
$59K
FY2020 · Pt VIII · Ln 12
Expenses
$6K
FY2020 · Pt IX · Ln 25
Net assets
$647K
FY2020 · Pt X · Ln 32
To programs
76%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2021
Revenue
$59K
FY2020
Expenses
$6K
FY2020

Improves access to quality healthcare for communities through stewardship and philanthropy.

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Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
No filing since FY2021 — 5 yrs
Foundation funders?
Not on file
Spent on programs?
76% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
<$100K

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Improves access to quality healthcare for communities through stewardship and philanthropy.

Type
Unknown exempt organization · Nonprofit
Location
Carson City, MI
Website
www.thecarsonfoundation.org
Filings
2 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →
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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Surplus margin
+89%
revenue over expenses, this year
Program spending
76%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$650K
FY2020
Total liabilities
$3K
FY2020
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$650K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCarson Foundation INC
EINHdr · item D46-0877509
Principal addressHdr · item CCarson City, MI
WebsiteHdr · item Jwww.thecarsonfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
SR VP - CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Carson Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $5K of program spending, described in the organization's own filed words · FY2020.
01

Fundraising events and campaigns to support the mission of enhancing resources for high quality and accessible health care to the communities we serve. Current year support of the carson cares and community fund includes payments to community organizations for life saving equipment and rehabilitation.

$5Kprogram expense

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Statement of Revenue

Part VIII
Investment income$26K · 44%
Contributions & grants$23K · 39%
Other revenue$10K · 16%
Investment income44%$26K
Contributions & grants39%$23K
Other revenue16%$10K
Total revenueLn 12$59K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$5K
Management & general24%$2K
Total functional expensesLn 25$6K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$650K
Total liabilitiesLn 26$3K
Total net assetsLn 32$647K
Months of cash on handcomputed95.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $646K · Operating expenses/yr $6K
1201.5 months
Where the money goes
Program services
Program services $5K · Total expenses $6K
76%
Management & General
Management & general $2K · Total expenses $6K
24%
Fundraising
Fundraising $0 · Total expenses $6K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $23K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $23K · Total revenue $59K
39%
Government reliance
Government grants — · Total revenue $59K
—
Earned-income share
Program service revenue $0 · Total revenue $59K
0%
Investment reliance
Investment income $26K · Total revenue $59K
+44%
Program self-sufficiency
Program service revenue $0 · Total expenses $6K
0%
Growth & trend
Revenue growth (YoY)
This year $59K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $647K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $59K · Expenses $6K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $650K
—
Net-asset ratio
Net assets $647K · Total assets $650K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $595K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $650K
92%
People & payroll
Highest Reported Total Compensation
Individual Paula Reichle · Reported title SR VP - CFO · Highest reported compensation $0 · Total expenses $6K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $6K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 24%——
Fundraising cost ratio 0%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$0 revenue · ⤓ 990 PDF
FY2020$59K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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