Carolan Research Institute
Carolan Research Institute is a private foundation focused on Science & Technology, based in New Braunfels, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $304K in total assets. In 2025, it made $140K in qualifying distributions. Net investment income was $5K.
Carolan Research Institute at a glance
- Total assets
- $304,016
- -30.4% vs 2024
- Revenue (2025)
- $12,007
- -51.1% vs 2024
- Qualifying distributions (2025)
- $139,701
- -12.5% vs 2024
- Expenses (2025)
- $146,876
- -16.5% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Carolan Research Institute funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Carolan Research Institute gives
- In 2025 it paid out 890% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $59K (2021) to $300K (2022). In 2022 it made 2 grants totaling $300K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Leukemia Lymphoma Society Rye Brook, NY | Charitable | $250,000 |
| Fort Lewis College Foundation Durango, CO | Research | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $304,016 | $12,007 | $146,876 | — | — | $139,701 | $5,044 | $15,689 |
| 2024 | $436,550 | $24,573 | $175,830 | — | — | $159,732 | $15,283 | $22,470 |
| 2023 | $590,301 | $281,984 | $194,486 | — | — | $180,650 | $268,148 | $27,549 |
| 2022 | $730,123 | $195,601 | $557,454 | $300,000 | 2 | $534,045 | $174,138 | $48,469 |
| 2021 | $1,411,030 | $159,006 | $351,536 | $58,550 | 3 | $319,254 | $126,754 | $71,413 |
| 2020 | $1,593,512 | $31,774 | $425,563 | $200,000 | 1 | — | $2,189 | $85,895 |
Under IRS private-foundation payout rules, Carolan Research Institute reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carolan Research Institute is led by Robert Hoover, President since 2023 (on filings since 2020); all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Robert Hoover
President
Vice President & Co-Exec Director → President, 2023
On filings since 2020
1 hr/week
$12K (2020) → $12K (2025)
Tom Tabler
Secretary & Treasurer
On filings since 2020
1 hr/week
$12K (2020) → $12K (2025)
Former officers (3)
- Former: Elise McConeghy (2020–2023) — Director
- Former: Hector Bajac (2020–2023) — Director
- Former: Merry Saegert (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $12K, to Robert Hoover (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Carolan Research Institute
How large is Carolan Research Institute?
Carolan Research Institute reported $304K in total assets on its 2025 IRS Form 990-PF. It paid out $140K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
What is Carolan Research Institute?
Carolan Research Institute is a private foundation focused on Science & Technology, based in New Braunfels, TX. It holds $304K in total assets as of 2025.
Where does Carolan Research Institute operate?
Carolan Research Institute has awarded grants in Colorado, Florida, Illinois, New York.
What is Carolan Research Institute's EIN?
Carolan Research Institute's EIN (Employer Identification Number) is 27-0944940. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 30, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 5, 2026)
- IRS filings on file for fiscal years 2020–2025
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Browse active grant opportunities in Carolan Research Institute's focus areas in our free grants database
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