Carthage Improvement Corporation
To benefit and accomplish public purposes for the city of carthage, Texas, by promoting, assissting and enhancing economic development activities for the city as provided by the state of Texas development corporation act of 1979, local government code, chapter 505.
Carthage Improvement Corporation at a glance
In short: Carthage Improvement Corporation gave $25K across 1 grant in 2025 (avg $25K), mostly in Texas. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $25,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $25,000
- +0.0% vs 2024
- Median grant
- $25,000
- Total assets
- $3,974,704
- +27.9% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Carthage Improvement Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was City of Carthage ($25K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Carthage Improvement Corporation gives
- Giving fell 93% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $25K (2021) to $435K (2019). In 2025 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Carthage Carthage, TX | Park Maintenance | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $3,974,704 | $980,421 | $112,648 | $25,000 | 1 | $115,782 |
| 2024 | $3,106,931 | $874,641 | $143,295 | $25,000 | 1 | $75,005 |
| 2023 | $2,291,012 | $928,096 | $132,165 | $25,000 | 1 | $41,761 |
| 2022 | $1,495,081 | $762,095 | $445,691 | $375,000 | 2 | $7,596 |
| 2021 | $1,178,677 | $645,591 | $131,249 | $25,000 | 1 | $3,731 |
| 2020 | $664,335 | $640,414 | $451,370 | $274,368 | 3 | $3,518 |
| 2019 | $477,167 | $651,741 | $618,587 | $434,943 | 3 | $3,221 |
About Carthage Improvement Corporation
Based on IRS filings
Carthage Improvement Corporation is a public charity focused on Community Improvement & Capacity Building, based in Carthage, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it awarded 1 grant totaling $25K. Net investment income was $116K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Carthage Improvement Corporation is led by Olin Joffrion, President since 2020 (on filings since 2019); 1 of 9 officers listed in 2025 is compensated.
Officers on the 2025 filing
Olin Joffrion
President
Director → President, 2020
On filings since 2019
No compensation reported
Keri Perot-Vance
Director
On filings since 2021
No compensation reported
Isha Brown
Director
On filings since 2022
No compensation reported
Stuart Lipsey
Director
On filings since 2022
No compensation reported
John Cooke
Director
On filings since 2023
No compensation reported
Andy Coats
Director
On filings since 2024
No compensation reported
Brenda Samford
Recording Se
On filings since 2019
15 hrs/week
$28K (2019) → $19K (2025)
Jerry Hanszen
Secretary
Director → Secretary, 2023
On filings since 2019
No compensation reported
Stephen K. Williams
Chief Exe of
Executive Di → Chief Executive O, 2022
Chief Executive O → Chief Exe of, 2024
On filings since 2020
4 hrs/week
No compensation reported
Former officers (8)
- Former: Anthony Edwards (2021–2023) — Director
- Former: Walta Cooke (2021–2022) — Secretary
- Former: Ida Beck (2019–2021) — Director
- Former: Tate Barber (2019–2021) — Director
- Former: Carson Joines (2019–2020) — Director
- Former: Charles Thomas (2019–2020) — Executive Di
- Former: Gladys Holland (2019–2020) — Secretary
- Former: Lynn Vincent (2019) — President
Data from IRS Form 990 filings, 2019–2025. "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 $19K, to Brenda Samford (Recording Se).
Frequently asked questions about Carthage Improvement Corporation
How much does Carthage Improvement Corporation give each year?
Carthage Improvement Corporation gave $25K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $25K across 1 grant.
How large is Carthage Improvement Corporation?
Carthage Improvement Corporation reported $4.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $980K.
What is Carthage Improvement Corporation?
Carthage Improvement Corporation is a public charity focused on Community Improvement & Capacity Building, based in Carthage, TX. It holds $4.0M in total assets as of 2025.
Where does Carthage Improvement Corporation operate?
Carthage Improvement Corporation has awarded grants in Texas.
What is Carthage Improvement Corporation's EIN?
Carthage Improvement Corporation's EIN (Employer Identification Number) is 75-2792161. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 19, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 23, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 23, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS April 29, 2026)
- IRS filings on file for fiscal years 2020–2024
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