Tina and Richard V Carolan Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Tina and Richard V Carolan Foundation Inc is a 501(c)(3) organization based in Mendham, New Jersey, registered in 1992, with $823,672 in FY2023 revenue. CharityIndex grades it D.
88 East Main Street 507, Mendham, NJ, 07945 EIN 22-3085237 Since 1992
Revenue (FY2023)
$824K
▼ 92.9% vs prior year
Expenses (FY2023)
$1.4M
Net assets
$18.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Tina and Richard V Carolan Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating152 mo reserves · -73% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Tina and Richard V Carolan Foundation Inc: 152 mo reserves · -73% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Tina and Richard V Carolan Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Tina and Richard V Carolan Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 88 East Main Street 507, Mendham, NJ, 07945
- City
- Mendham
- State
- New Jersey
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $448K (FY2019) to $824K (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $18.0M
Operating margin
-72.5%
Spent more than it raised in the latest fiscal year.
Total assets
$18.0M
Total liabilities
$0
Net assets
$18.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $823,672▼92.9% | $1,421,205▲18.7% | $17,985,016▼3.2% | $17,985,016▼3.2% | 990PF |
| 2022 | $11,526,545▲1645% | $1,197,187▲10.1% | $18,582,549▲125% | $18,582,549▲125% | 990PF |
| 2021 | $660,628▼68.7% | $1,087,138▲0.6% | $8,253,191▼4.9% | $8,253,191▼4.9% | 990PF |
| 2020 | $2,110,367▲371% | $1,080,245▲22.8% | $8,679,701▲13.5% | $8,679,701▲13.4% | 990PF |
| 2019 | $448,005 | $879,914 | $7,649,579 | $7,656,517 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Tina and Richard V Carolan Foundation Inc a legitimate nonprofit?
- Yes. Tina and Richard V Carolan Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3085237, based in Mendham, New Jersey. Donations are tax-deductible.
- What is Tina and Richard V Carolan Foundation Inc's EIN?
- Tina and Richard V Carolan Foundation Inc's Employer Identification Number (EIN) is 22-3085237.
- How much revenue does Tina and Richard V Carolan Foundation Inc report?
- Tina and Richard V Carolan Foundation Inc reported $823,672 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Tina and Richard V Carolan Foundation Inc have?
- CharityIndex grades Tina and Richard V Carolan Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Tina and Richard V Carolan Foundation Inc (EIN 22-3085237) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.