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Nonprofit · EIN 47-2180359

ICARRE FOUNDATION

Tax-exempt · BALTIMORE, MD 21217

Financials

$1.3M$1.3M2023$3M$2.7M2024
Revenue Expenses · by fiscal year end
Financials of ICARRE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,961,466$2,744,134$217,332$427,512$168,980$258,532
December 31, 2023990$1,338,352$1,264,014$74,338$148,767$108,679$40,088
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,961,466
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$114,375
Salaries, compensation and benefits (total)
$114,375
Professional fundraising fees
$0
Accounting fees
$16,536
Occupancy
$108,463
Travel
$55,629
Program services (functional)
$2,021,577
Management and general (functional)
$722,557

Balance sheet and other

Total assets, start of year
$148,767
Total assets, end of year
$427,512
Total liabilities, end of year
$168,980
Net assets, end of year
$258,532
Net assets without donor restrictions
$258,532
Gross receipts
$2,961,466
Employees
0
Year formed
2014
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
RODNEY CARREXECUTIVE DIRECTOR
Trustee or director, Officer
40$75,000
TAMMY JOHNSON-CARRVICE CHAIR PERSON
Trustee or director, Officer
10$39,375
PAMELA BENNETT-INGRAMTREASURER
Trustee or director, Officer
5$0
DEBRA WATSONSECRETARY
Trustee or director, Officer
5$0
HDUANTE DUCKETTMEMBER
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
RODNEY CARREXECUTIVE DIRECTOR
Trustee or director, Officer
40$37,500
TAMMY JOHNSON-CARRVICE CHAIR PERSON
Trustee or director, Officer
5$5,439
DEBRA WATSONSECRETARY
Trustee or director, Officer
5$0
PAMELA BENNETT-INGRAMTREASURER
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
2601 PENNSYLVANIA AVE, BALTIMORE, MD 21217-1817
In care of
% RODNEY CARR
Mailing address (990-N for 2017)
2526 GARRETT AVE1804 N Payson St, BALTIMORE MD 212184824
Principal officer (990-N for 2017)
Rodney Carr, 1804 N Payson St, BALTIMORE MD 21217
Signed the 990
RODNEY CARR, EXECUTIVE DIRECTOR
Phone
(443) 218-0359
Return prepared by
SIMMONS CPA PC

Mission

The mission is to develop strong, productive partnerships; create and implement health & wellness initiatives in the community; and impact families through entrepreneurship and financial literacy. This mission is accomplished through workships, mentoring, coaching etc.

990 for the year ended December 31, 2024

Program accomplishments

  • I CARRE FOUNDATION CONTINUED TO OPERATE THEIR PROGRAM AND SERVICING THEIR CLIENTS IN THE BALTIMORE-WASHINGTON METRO AREA.
    Expenses $2,021,577 · revenue $2,961,466

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-2180359
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$427,512
Income (IRS master file)
$2,961,466

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,961,466$2,744,134$427,512XML
990December 2023$1,338,352$1,264,014$148,767XML
990December 2022$470,340$471,494$100,996IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-N for 2017
Officer: Rodney Carr
December 31, 2017≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2180359).

Questions about ICARRE FOUNDATION

What is the EIN of ICARRE FOUNDATION?
The employer identification number (EIN) of ICARRE FOUNDATION is 47-2180359.
Is ICARRE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to ICARRE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ICARRE FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ICARRE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ICARRE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ICARRE FOUNDATION?
The 990-N for 2017 names Rodney Carr.
Who are the officers and directors of ICARRE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $75,000 (RODNEY CARR, EXECUTIVE DIRECTOR).
How much revenue does ICARRE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,961,466, expenses of $2,744,134 and total assets of $427,512 at year end.

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