CARTER FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CARTER FOUNDATION (EIN 52-2037253)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-08
IRS object ID
202413139349100911
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-08T01:39:36-00:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN811248969PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BCA FINANCIALBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12001 L ST NW SUITE 500AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN522037253EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CARTER FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCARTBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1212 VAN BUREN ST NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD S CARTERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Signature2024-11-08SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL J COBBPreparerPersonNm
PTINP01366901PTIN
Phone2027783440PhoneNum
Preparation2024-11-08PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$1,119InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,119InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$22,690DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,690DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$162,829NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$420,581GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$162,829CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$186,638TotalRevAndExpnssAmt
Total Net Invst Incm$186,638TotalNetInvstIncmAmt
Taxes Rev And Expnss$22TaxesRevAndExpnssAmt
Taxes Net Invst Incm$22TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,753OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,753OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$7,775TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,775TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$7,775TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,775TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$178,863ExcessRevenueOverExpensesAmt
Net Investment Income$178,863NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$976,220CashBOYAmt
Cash EOY$1,155,083CashEOYAmt
Total Assets BOY$976,220TotalAssetsBOYAmt
Total Assets EOY$1,155,083TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Retained Earning BOY$976,220RetainedEarningBOYAmt
Retained Earning EOY$1,155,083RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$976,220TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,155,083TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$976,220TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,155,083TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$976,220TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$178,863ExcessRevenueOverExpensesAmt
Subtotal$1,155,083SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,155,083TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
TRUISTP2021-01-012023-12-31$246,400$173,438$72,962$72,962
TRUISTP2021-01-012023-12-31$102,368$14,313$88,055$88,055
TRUISTP2023-01-012023-12-31$68,180$70,001-$1,821-$1,821
FieldValueIRS element (for citing)
Capital Gain Net Income$162,829CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,821NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,486InvestmentIncomeExciseTaxAmt
Subtotal$2,486SubtotalAmt
Tax Based On Investment Income$2,486TaxBasedOnInvestmentIncomeAmt
Es Penalty$67EsPenaltyAmt
Tax Due$2,553TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksRICHARD S CARTERIndividualWithBooksNm
Phone2022437331PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1212 VAN BUREN ST NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20011ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
RICHARD S CARTER
212 VAN BUREN ST NWWASHINGTONDC20011PRESIDENT000.00$0
LARRY D BAILEY
2762 UNICORN LANE NWWASHINGTONDC20015DIRECTOR000.00$0
MICHAEL J COBB
7816 MORNINGSIDE DR NWWASHINGTONDC20012DIRECTOR000.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$2,486TaxBasedOnInvestmentIncomeAmt
Total Tax$2,486TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$10,000ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$2,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$1,500ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$13,500TotalExcessDistributionCyovAmt
Total Corpus$13,500TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$10,000ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,500ExcessDistriCyovToNextYrAmt
Excess From Year3$2,000ExcessFromYear3Amt
Excess From Year1$1,500ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Other Schedule2 InvestmentsOtherSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMANAGEMENT FEEDesc
Revenue And Expenses Per Books$7,753RevenueAndExpensesPerBooksAmt
Net Investment Income$7,753NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$22Amt
Net Investment Income$22NetInvestmentIncomeAmt

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