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Filing year 2023

TINA AND RICHARD V CAROLAN FOUNDATION

Mendham, New Jersey·EIN 22-3085237·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$824k
Total assets
$18M
Total expenses
$1.4M
Reported officers
4

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New Jersey.

Vice-president and Treasurer
Board President
Median to 75th percentile
$50k
$56k
Director of Donor Relations
Unclassified
$25k
$28k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at TINA AND RICHARD V CAROLAN FOUNDATION equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$1.1M

Itemized grants

19

Median grant

$48k

RecipientLocationPurposeAmount
BEST BUDDIESMIAMI, FLSUPPORT BEST BUDDIES LIVING$200k
TEAM TYPE 1 FOUNDATIONATLANTA, GATEAM SUPPORT AND GLOBAL AMBASSADOR SCHOLARSHIP PROGRAM$125k
ARMENIAN APOSTOLIC CHURCH OF AMERICA EASTERN PRELACYNEW YORK, NYEARTHQUAKE RELIEF EFFORT$100k
FOUNDATION FOR MORRISTOWN MEDICAL CENTERMORRISTOWN, NJPURCHASE OF A ZEISS KINEVO 900 ROBOTIC VISUALIZATION SYSTEM$100k
MEMORIAL SLOAN KETTERING CANCER CENTERNEW YORK, NYTHE FIFTH INSTALLMENT OF A FIVE YEAR PLEDGE FOR BIOMARKER DEVELOPMENT RESEARCH$75k
USA CYCLING FOUNDATIONCOLORADO SPRINGS, COSUPPORT THE USA CYCLING TEAM VAN AND CENTERS OF EXCELLENCE$75k
UNIVERSITY OF MAIMICORAL GABLES, FLCHARITABLE$64k
NEW JERSEY INTERSCHOLASTIC CYCLING LEAGUECOLOGNE, NJEQUIPMENT PURCHASES AND UPGRADES$50k
ARMENIAN NATIONAL COMMITTEE OF AMERICAWASHINGTON, DCCHARITABLE$50k
SOUTHERN OCEAN MEDICAL CENTER FOUNDATIONWEST MANAHAWKIN, NJCHARITABLE$48k
LONG BEACH TOWNSHIP PBA 373BRANT BEACH, NJSUPPORT COMMUNITY POLICE SERVICES$37k
BIG BROTHERS BIG SISTERS OF BROWARDFT LAUDERDALE, FLYOUTH OUTREACH THROUGH SUITES AT THE MIAMI MARLINS GAMES$25k
MAGIC CITY K9 INCMIAMI, FLSUPPORT AND EXPAND SERVICES AND EQUIPMENT NEEDS FOR THE PRISONERS AND DOGS$25k
STAR TRACK CYCLINGNEW YORK, NYEQUIPMENT AND CLOTHING FOR STAR TRACK ATHLETES$25k
NICKLAUS CHILDREN'S HOSPITAL FOUNDATIONMAIMI, FLCHARITABLE$25k
BERNARDSVILLE LAW ENFORCEMENT FOUNDATIONBERNARDSVILLE, NJCHARITABLE$25k
FOUNDATION CYCLING FOUNDATION INCSAFETY HARBOR, FLCONTRIBUTE TO THE AMERICAN CYCLING ELITE TEAM$20k
KENTUCKY FLYERS CYCLINGLOUISVILLE, KYCHARITABLE$20k
STAFFORD TOWNSHIP PBA LOCAL 297MANAHAWKIN, NJDARE PROGRAM$10k
Compare this foundation's grantees

Held steady
from 2022

From $50k in 2022 to $50k in 2023.

$50k
2022
$50k
2023
In today's dollarsEst.
Down 4% in real terms$58k to $56k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay held roughly steady from 2022 to 2023, while revenue fell 93%.

$50k in 2022 to $50k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about TINA AND RICHARD V CAROLAN FOUNDATION

What does the Board President of TINA AND RICHARD V CAROLAN FOUNDATION earn?

In 2023, the Board President of TINA AND RICHARD V CAROLAN FOUNDATION received $50,000 in total compensation. This pay is above the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in New Jersey, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board President pay at TINA AND RICHARD V CAROLAN FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in New Jersey, the 2023 pay of the Board President at TINA AND RICHARD V CAROLAN FOUNDATION falls between the median and the 75th percentile. In 2023, the highest total compensation at TINA AND RICHARD V CAROLAN FOUNDATION equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are TINA AND RICHARD V CAROLAN FOUNDATION's revenue and expenses?

In 2023, TINA AND RICHARD V CAROLAN FOUNDATION reported $824k in total revenue and $1.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.