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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
+35.6% YoY
Annual Giving
$25K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$25K
+0.0% YoY
About Carthage Improvement Corporation
Based on IRS filings
Carthage Improvement Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in CARTHAGE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 1 grants totaling $25K. Net investment income was $75K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,106,931 | $2,291,012 | $1,495,081 |
| Revenue | $874,641 | $928,096 | $762,095 |
| Expenses | $143,295 | $132,165 | $445,691 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $75,005 | $41,761 | $7,596 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN K WILLIAMS | CHIEF EXE OF | 4 | — |
| BRENDA SAMFORD | RECORDING SE | 15 | $33,976 |
| ISHA BROWN | DIRECTOR | 1 | — |
| ANDY COATS | DIRECTOR | 1 | — |
| JOHN COOKE | DIRECTOR | 1 | — |
| JERRY HANSZEN | SECRETARY/TR | 1 | — |
| OLIN JOFFRION | PRESIDENT | 1 | — |
| STUART LIPSEY | DIRECTOR | 1 | — |
| KERI PEROT-VANCE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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