Carmichael Foundation Inc

South Bend, IN
Tax-exempt since Oct. 1967
EIN: 35-6069904

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$346k (2024)

Expenses

$1.02M (2024)

Total Assets

$4.76M (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$345,531

Expenses

$1,021,242

Net Income

-$675,711

Net Assets

$4,760,935

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,411	4.5%
Interest Revenue	$0
Dividends	$221,263	64.0%
Sales of Assets	$108,857	31.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000,000	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,760,935
Total Liabilities	$0
Net Assets	$4,760,935

Compensation

Key Employees and Officers	Compensation	Other
Christopher J Murphy Iii (President)	$0	$0
Carmen Murphy (Vice President)	$0	$0
Carmen Murphy (Treasurer)	$0	$0

990-PF

Filed on May 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$936,258

Expenses

$1,018,793

Net Income

-$82,535

Net Assets

$5,428,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$602,437	64.3%
Interest Revenue	$0
Dividends	$246,038	26.3%
Sales of Assets	$87,783	9.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000,000	98.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,428,005
Total Liabilities	$0
Net Assets	$5,428,005

Compensation

Key Employees and Officers	Compensation	Other
Christopher J Murphy Iii (President)	$0	$0
Carmen Murphy (Vice President)	$0	$0
Carmen Murphy (Treasurer)	$0	$0

990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$721,153

Expenses

$58,873

Net Income

$662,280

Net Assets

$5,512,402

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$507,000	70.3%
Interest Revenue	$0
Dividends	$155,584	21.6%
Sales of Assets	$58,569	8.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	42.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,512,402
Total Liabilities	$0
Net Assets	$5,512,402

Compensation

Key Employees and Officers	Compensation	Other
Christopher J Murphy Iii (President)	$0	$0
Carmen Murphy (Vice President)	$0	$0
Carmen Murphy (Treasurer)	$0	$0

990-PF

Filed on May 18, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,326,181

Expenses

$1,024,316

Net Income

$301,865

Net Assets

$4,856,720

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	15.1%
Interest Revenue	$0
Dividends	$142,637	10.8%
Sales of Assets	$983,544	74.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000,000	97.6%
Compensation of Officers*	$16,793	1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,856,720
Total Liabilities	$0
Net Assets	$4,856,720

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank (Trustee)	$16,793	$0

990-PF

Filed on May 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$320,245

Expenses

$1,018,439

Net Income

-$698,194

Net Assets

$4,554,811

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,711	2.4%
Interest Revenue	$0
Dividends	$134,930	42.1%
Sales of Assets	$177,604	55.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000,000	98.2%
Compensation of Officers*	$15,820	1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,554,812
Total Liabilities	$1
Net Assets	$4,554,811

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank (Trustee)	$15,820	$0

990-PF

Filed on May 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$958,409

Expenses

$83,443

Net Income

$874,966

Net Assets

$5,252,546

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,554	0.8%
Interest Revenue	$0
Dividends	$155,960	16.3%
Sales of Assets	$794,895	82.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$14,311	17.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,252,547
Total Liabilities	$1
Net Assets	$5,252,546

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank (Trustee)	$14,311	$0

990-PF

Filed on July 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$4,381,735

Expenses

$4,047,263

Net Income

$334,472

Net Assets

$4,378,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,400	0.2%
Interest Revenue	$0
Dividends	$145,894	3.3%
Sales of Assets	$4,227,441	96.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,008,000	99.0%
Compensation of Officers*	$16,921	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,378,620
Total Liabilities	$0
Net Assets	$4,378,620

Compensation

Key Employees and Officers	Compensation	Other
1 St Source Bank (Trustee)	$16,921	$0

990-PF

Filed on May 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$173,151

Expenses

$15,236

Net Income

$157,915

Net Assets

$2,139,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$121,042	69.9%
Sales of Assets	$52,109	30.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$9,266	60.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,139,077
Total Liabilities	$0
Net Assets	$2,139,077

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$210,478

Expenses

$25,654

Net Income

$184,824

Net Assets

$1,981,314

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$41,111	19.5%
Interest Revenue	$0
Dividends	$110,641	52.6%
Sales of Assets	$58,726	27.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,500	48.7%
Compensation of Officers*	$8,103	31.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,981,314
Total Liabilities	$0
Net Assets	$1,981,314

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$147,787

Expenses

$57,213

Net Income

$90,574

Net Assets

$1,796,489

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$98,159	66.4%
Sales of Assets	$49,628	33.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,818	83.6%
Compensation of Officers*	$7,366	12.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,796,489
Total Liabilities	$0
Net Assets	$1,796,489

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$186,697

Expenses

$3,418,718

Net Income

-$3,232,021

Net Assets

$1,704,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$133,676	71.6%
Sales of Assets	$53,021	28.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,409,399	99.7%
Compensation of Officers*	$7,332	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,704,519
Total Liabilities	$0
Net Assets	$1,704,519

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$211,749

Expenses

$2,576,083

Net Income

-$2,364,334

Net Assets

$1,869,244

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$224,061	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,556,232	99.2%
Compensation of Officers*	$9,847	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,869,244
Total Liabilities	$0
Net Assets	$1,869,244

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Carmichael Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $346k (2024)

Expenses $1.02M (2024)

Total Assets $4.76M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$346k (2024)

Expenses

$1.02M (2024)

Total Assets

$4.76M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

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Fiscal Year Ending Dec.
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