Carrington Charitable Foundation

EIN: 272073758 501(c)(3) Philanthropy & Grantmaking

ALISO VIEJO, CA

Total Revenue
$1,819,590
Total Expenses
$1,230,368
Total Assets
$2,308,982
Net Assets
$1,877,097
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
Tim Richthammer
Phone
2036616186
Tax Period
2024-01-01 to 2024-12-31

Carrington Charitable Foundation, founded in 2010, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $589K, a strong 32% operating margin.

Mission

CCF'S OBJECTIVE IS TO WORK TOGETHER AS A COMMUNITY OF SUPPORT FOR RECOGNIZED CHARITABLE ORGANIZATIONS PRESENTED TO CCF BY THE EMPLOYEES AND ASSOCIATES OF THE CARRINGTON FAMILY OF COMPANIES. CCF WILL SEEK TO RAISE FUNDS FOR THE ORGANIZATIONS IT SUPPORTS AND TO SOLICIT AND FACILITATE THE VOLUNTEER ACTIVITIES OF ALMOST 4,000 EMPLOYEES AND ASSOCIATES IN THE VARIOUS CARRINGTON AFFILIATED COMPANIES VOLUNTEERING IN THE COMMUNITIES. OUR VETERAN FOCUSED SIGNATURE PROGRAMS FOCUS ON PROVIDING MOBILITY, STABILITY, PURPOSE AND PROSPERITY FOR VETERANS RETURNING FROM THE POST 9/11 CONFLICT BATTLEFIELDS. THROUGH THESE PROGRAMS, THE FOUNDATION HONORS THE SACRIFICES OF OUR NATION'S SERVICEMEN AND WOMEN WHO HAVE DEDICATED THEIR LIVES TO PROTECTING OUR COUNTRYS FREEDOM.

Program Service Accomplishments

Program 1
Expenses: $1,092,088

The Foundation's military veteran-focused Signature Programs offer diverse support for U.S. military veterans by providing support under the principles of Mobility, Stability, Purpose and Prosperity...

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The Foundation's military veteran-focused Signature Programs offer diverse support for U.S. military veterans by providing support under the principles of Mobility, Stability, Purpose and Prosperity. CCF provides Mobility by financially supporting the Veteran's Airlift Command, ensuring Stability by building and/or retrofitting custom, adaptive homes for injured military veterans through Carrington House, and promotes Purpose and Prosperity by providing military veterans with new entrepreneurship opportunities and supporting other nonprofits focused on assisting our military veterans' return to civilian life. Carrington House provides wounded military veterans of the Iraq and Afghanistan conflicts a home to make their own and modified to their particular needs. In 2017,the Foundation launched a program to grant new or substantially modified and individually adapted retrofitted homes to qualifying wounded military veteran families, to enable the wounded military veterans and their families to live independently and overcome the new challenges in their lives resulting from their injuries sustained while serving our country. Each home is designed to meet the special needs of each severely wounded military veteran and their family.

Program 2
Expenses: $90,146

The Foundation supports charities through the collective efforts of the CCF Board of Directors and associates of the Carrington family of companies in an effort to encourage associate participation...

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The Foundation supports charities through the collective efforts of the CCF Board of Directors and associates of the Carrington family of companies in an effort to encourage associate participation and maximize contributions to those charities. CCF seeks to promote giving back to the community through support of the chosen charities which reflect the interests and passions of Carrington associates.

Program 3

The Gold Star Family Housing Initiative assists Gold Star Families By paying off their families mortgages. The foundation can make a lasting difference in the lives of often-struggling Gold Star...

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The Gold Star Family Housing Initiative assists Gold Star Families By paying off their families mortgages. The foundation can make a lasting difference in the lives of often-struggling Gold Star families by giving them a place to forever call home - relieving a major financial burden to facilitate their families' Stability.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,247,612
Program Service Revenue $0
Investment Income $52,501
Other Revenue $-480,523
TOTAL REVENUE $1,819,590

Expense Breakdown

Grants Paid $1,160,446
Salaries & Benefits $0
Fundraising Expenses $19,253
Program Expenses $1,182,234
Other Expenses $69,922
TOTAL EXPENSES $1,230,368

Year-over-Year Comparison

2024 2023 Change
Revenue $1,819,590 $1,544,149 +0.2%
Expenses $1,230,368 $2,200,016 -0.4%
Net Income $589,222 $-655,867 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
450

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rosemary Rose Chairpereson & Director 30.0
Director
$0 $0 $0
Lori Grigg DIRECTOR AND VICE CHAIR 1.0
Director
$0 $0 $0
MICHELLE LAWRENCE DIRECTOR AND VICE CHAIR 35.0
Officer Director
$0 $0 $0
TIM RICHTHAMMER TREASURER 1.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,819,590 $1,230,368 $2,308,982 $589,222
2023 $1,544,149 $2,200,016 $1,728,724 $-655,867
2022 $1,728,676 $1,972,025 $2,537,869 $-243,349
2021 $1,581,451 $1,937,947 $2,802,416 $-356,496
2020 $1,631,424 $1,582,359 $3,421,475 $49,065
2020 $1,631,424 $1,582,359 $3,421,475 $49,065
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