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Nonprofiteer
← THE CARVER INC

Form 990 for tax year 2024

Filed by THE CARVER INC.

Totals

Total revenue
$9,398,755
Total expenses
$9,950,314
Contributions and grants received
$6,078,596
Grants paid
$129,526
Program service revenue
$2,752,995
Investment income
$35,830
Other revenue
$531,334
Total assets, end of year
$5,175,683
Total liabilities, end of year
$503,143
Net assets or fund balances, end of year
$4,672,540
Program services expenses (Part IX)
$8,762,624
Management and general expenses
$483,052
Fundraising expenses
$704,638
Program service expenses (Part III)
$8,762,624

Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,557,146

  • 1f · All other contributions, gifts and grants

    $4,521,450

  • 1g · Noncash contributions included above

    $573,514

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $2,752,995 · related or exempt $2,752,995

  • 3 · Investment income

    total $35,830 · excluded $35,830

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $639,648

  • 8b · Fundraising events: direct expenses

    $108,314

  • 8c · Net income from fundraising events

    total $531,334 · excluded $531,334

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $129,526 · program services $129,526

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $661,193 · program services $487,690 · management and general $106,483 · fundraising $67,020

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,500,108 · program services $5,106,266 · management and general $50,345 · fundraising $343,497

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $257,865 · program services $188,915 · management and general $17,062 · fundraising $51,888

  • 10 · Payroll taxes

    total $489,306 · program services $444,249 · management and general $12,455 · fundraising $32,602

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $127,159 · program services $114,443 · management and general $10,173 · fundraising $2,543

  • 17 · Travel

    total $20,035 · program services $20,011 · management and general $24

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $133,362 · program services $120,025 · management and general $10,669 · fundraising $2,668

  • 23 · Insurance

    total $146,941 · program services $132,247 · management and general $11,755 · fundraising $2,939

  • 24a · Other expenses: SUPPLIES & PROGRAM SERVICES

    total $1,107,245 · program services $969,334 · management and general $100,459 · fundraising $37,452

  • 24b · Other expenses: TRANSPORTATION

    total $360,287 · program services $360,287

  • 24c · Other expenses: SERVICE FEES & INTEREST EXP

    total $271,009 · program services $243,403 · management and general $5,453 · fundraising $22,153

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $188,080 · program services $188,080

  • 24e · All other expenses

    total $558,198 · program services $258,148 · management and general $158,174 · fundraising $141,876

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,528,801 · end of year $660,255

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $83,791 · end of year $138,873

  • 4 · Accounts receivable

    beginning of year $11,416 · end of year $24,891

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,913 · end of year $135,783

  • 10a · Land, buildings and equipment: cost or other basis

    $5,261,410

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,434,935

  • 10c · Land, buildings and equipment, net

    beginning of year $3,522,584 · end of year $3,826,475

  • 11 · Investments: publicly traded securities

    beginning of year $586,436 · end of year $357,547

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $44,275 · end of year $31,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $346,804 · end of year $121,137

  • 19 · Deferred revenue

    beginning of year $273,235 · end of year $350,147

  • 25 · Other liabilities

    beginning of year $44,273 · end of year $31,859

  • 27 · Net assets without donor restrictions

    beginning of year $3,465,851 · end of year $3,035,076

  • 28 · Net assets with donor restrictions

    beginning of year $1,757,053 · end of year $1,637,464

Mission and programs · 2024

Mission

Carvers mission is to equip all learners for global competitiveness by leading strategic partnerships with schools and communities that advance excellence and growth opportunities. Carver operates over 60+ programs for more than 3,000 K-12 students in before-school, after-school, summer, and community initiatives. Programs engage students across all K-12 public schools in Norwalk, Side by Side Charter School, Classical Studies Magnet Academy in Bridgeport, four public elementary schools in Bridgeport, Naugatuck High School, Stamford High School, and the Carver Community Center; also include paid internships for high school students. Aligned with in-school curricula and led by certified teachers from within the students schools, these programs provide essential support, ensuring students advance to the next grade level with the knowledge and skills necessary for success.

Activities or mission (Part I)

TO EQUIP ALL LEARNERS FOR GLOBAL COMPETITIVENESS BY LEADING STRATEGIC PARTNERSHIPS WITH SCHOOLS AND COMMUNITIES THAT ADVANCE EXCELLENCE AND GROWTH OPPORTUNITIES.

  • The Carvers methodology is grounded in a partnership-driven approach. By fostering strong, supportive relationships with educational institutions, Carver works closely with schools to address unique challenges and align resources with community priorities. This embedded, responsive strategy ensures that our focus remains on enhancing educational outcomes and providing meaningful support to the school communities it serves.

    Expenses $8,762,624

As filed on the 2024 return.

Listed in Part VII

  • novelette peterkin

    CEO

    Total calculated
    $305,479
    From this org
    $272,798
    From related orgs
    $0
    Other
    $32,681
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $272,798
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $32,681
    Filer's total
    $305,479
  • brian allert

    Ch Prog Officer

    Total calculated
    $140,759
    From this org
    $128,780
    From related orgs
    $0
    Other
    $11,979
    Hours/week
    40
  • Elizabeth Finn

    CFO

    Total calculated
    $135,576
    From this org
    $135,000
    From related orgs
    $0
    Other
    $576
    Hours/week
    40
  • clinton hamilton

    COO

    Total calculated
    $134,814
    From this org
    $124,615
    From related orgs
    $0
    Other
    $10,199
    Hours/week
    40
  • Nikki Lafaye

    DIR OF PHILANTHROP

    Total calculated
    $130,280
    From this org
    $103,111
    From related orgs
    $0
    Other
    $27,169
    Hours/week
    40
  • Tricia Massucco

    DIR OF ELEM PROG

    Total calculated
    $126,047
    From this org
    $96,476
    From related orgs
    $0
    Other
    $29,571
    Hours/week
    40
  • James Schaffer

    DIR OF DEVELOPMENT

    Total calculated
    $113,185
    From this org
    $112,700
    From related orgs
    $0
    Other
    $485
    Hours/week
    40
  • Diana Napier

    PAST President

    Total calculated
    $0
    Hours/week
    1
  • Deborah Brennan

    Director

    Total calculated
    $0
    Hours/week
    1
  • Phillip Butterfield

    President

    Total calculated
    $0
    Hours/week
    1
  • Diaghilev Lubin-Farnell

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jay HINTON

    Director

    Total calculated
    $0
    Hours/week
    1
  • Valerie Watson

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Drew Seath

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mark Ortiz

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Charles Burns

    PRESIDENT EMERI

    Total calculated
    $0
    Hours/week
    1
  • Brooke Sorensen

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Whitcomb

    CORPORATE COUNS

    Total calculated
    $0
    Hours/week
    1
  • Robert Pennington

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349307204

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