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Carole Desoto Foundation

Organization summary

Type of Nonprofit

Designated as a 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.

Summary charts: organization finances over time

Revenue
$53k (2024)

Expenses
$130k (2024)

Total Assets
$309k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$53,031
Expenses
$130,419
Net Income
-$77,388
Net Assets
$308,924
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $50,000
94.3%
Interest Revenue $3,031
5.7%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $121,325
93.0%
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 $308,924
Total Liabilities $0
Net Assets $308,924
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Director) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$660,821
Expenses
$636,700
Net Income
$24,121
Net Assets
$386,312
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $6,908
1.0%
Sales of Assets $653,913
99.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $635,850
99.9%
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 $387,312
Total Liabilities $1,000
Net Assets $386,312
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Director) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$99,173
Expenses
$145,982
Net Income
-$46,809
Net Assets
$362,191
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $75,000
75.6%
Interest Revenue $0
Dividends $18,443
18.6%
Sales of Assets $5,730
5.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $139,616
95.6%
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 $362,191
Total Liabilities $0
Net Assets $362,191
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Director) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$316,910
Expenses
$294,491
Net Income
$22,419
Net Assets
$409,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
31.6%
Interest Revenue $0
Dividends $16,552
5.2%
Sales of Assets $200,358
63.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $293,600
99.7%
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 $409,000
Total Liabilities $0
Net Assets $409,000
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Director) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$119,010
Expenses
$132,102
Net Income
-$13,092
Net Assets
$364,534
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
84.0%
Interest Revenue $0
Dividends $18,422
15.5%
Sales of Assets $588
0.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $131,100
99.2%
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 $365,034
Total Liabilities $500
Net Assets $364,534
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Directo) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,479
Expenses
$41,230
Net Income
-$21,751
Net Assets
$377,625
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $18,517
95.1%
Sales of Assets $962
4.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,900
96.8%
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 $377,626
Total Liabilities $1
Net Assets $377,625
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Directo) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$450,912
Expenses
$355,814
Net Income
$95,098
Net Assets
$399,377
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $430,722
95.5%
Interest Revenue $0
Dividends $14,305
3.2%
Sales of Assets $5,885
1.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $348,749
98.0%
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 $399,377
Total Liabilities $0
Net Assets $399,377
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Director) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$75,383
Expenses
$65,225
Net Income
$10,158
Net Assets
$325,037
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $58,452
77.5%
Interest Revenue $0
Dividends $11,575
15.4%
Sales of Assets $5,356
7.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $62,135
95.3%
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 $325,037
Total Liabilities $0
Net Assets $325,037
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Director) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$720,145
Expenses
$40,519
Net Income
$679,626
Net Assets
$362,157
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $627,688
87.2%
Interest Revenue $0
Dividends $3,344
0.5%
Sales of Assets $89,113
12.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $40,500
100.0%
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 $362,157
Total Liabilities $0
Net Assets $362,157
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Directo) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$78,413
Expenses
$17,604
Net Income
$60,809
Net Assets
$60,809
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $78,413
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,500
99.4%
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 $60,809
Total Liabilities $0
Net Assets $60,809
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Directo) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
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 $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Carole Desoto (President And Director) $0 $0
Matthew G Desoto (Vice President And Director) $0 $0
Michael J Desoto (Treasurer And Director) $0 $0
Randall N Desoto (Secretary And Director) $0 $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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