CARTER FAMILY FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CARTER FAMILY FOUNDATION (EIN 20-3311749)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-07-21
- IRS object ID
- 202022039349100502
- Schema version
- 2019v5.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-21T11:02:59-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 411397419 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Abdo Eick & Meyers LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5201 Eden Avenue Suite 250 | AddressLine1Txt |
| City | Edina | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55436 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203311749 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Carter Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CART | BusinessNameControlTxt |
| Phone | 6128687745 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 Spur Circle | AddressLine1Txt |
| City | Wayzata | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 553919577 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Diana Carter | PersonNm |
| Person Title | Director/ CEO | PersonTitleTxt |
| Phone | 6128687745 | PhoneNum |
| Signature | 2020-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steven D Anseth CPA | PreparerPersonNm |
| PTIN | P00552219 | PTIN |
| Phone | 9528359090 | PhoneNum |
| Preparation | 2020-07-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,097,643 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,268,207 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $81,123 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $81,123 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $81,123 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $42,119 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $431,949 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $42,119 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,391,449 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $123,242 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $81,123 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,300 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $1,300 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $1,300 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $39,287 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $39,287 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $39,287 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,269 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $1,269 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $1,269 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $25 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $25 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $41,881 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $39,287 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $41,856 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,594 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $966,600 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $966,600 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,008,481 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $39,287 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $41,856 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $969,194 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $382,968 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $83,955 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $39,267 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $469,601 | CashBOYAmt |
| Cash EOY | $781,360 | CashEOYAmt |
| Cash EOYFMV | $781,360 | CashEOYFMVAmt |
| Other Investments BOY | $3,559,957 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,316,283 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,316,283 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $4,029,558 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,097,643 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,097,643 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $4,029,558 | RetainedEarningBOYAmt |
| Retained Earning EOY | $5,097,643 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,029,558 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,097,643 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,029,558 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,097,643 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,029,558 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $382,968 | ExcessRevenueOverExpensesAmt |
| Other Increases | $686,117 | OtherIncreasesAmt |
| Subtotal | $5,098,643 | SubtotalAmt |
| Other Decreases | $1,000 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,097,643 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Schwab Investments | $16,288 | $13,027 | $3,261 | $3,261 |
| Schwab Investments | $415,661 | $376,803 | $38,858 | $38,858 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $42,119 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $3,261 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $845,325 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $3,551,008 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.238052 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,510,528 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $3,194,346 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.472876 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,387,524 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,488,910 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.557483 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $120,396 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,772,384 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.067929 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $93,725 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,368,954 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.068465 | DistributionYr5Rt |
| Total Distribution | 1.404805 | TotalDistributionRt |
| Average Distribution | 0.280961 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $4,254,325 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,195,299 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $840 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,196,139 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $969,194 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,679 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,679 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,679 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,200 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $1,200 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $18 | EsPenaltyAmt |
| Tax Due | $497 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Diana Clarke- Carter | IndividualWithBooksNm |
| Phone | 6128687745 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 Spur Circle | AddressLine1Txt |
| City | Wayzata | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 553919577 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Diana Clarke-Carter | ||||||||
| 130 Spur Circle | Wayzata | MN | 55391 | Director/ Chief Executive | 0.25 | $0 | $0 | $0 |
| Robert Lowell Carter | ||||||||
| 130 Spur Circle | Wayzata | MN | 55391 | Director/ Officer | 0.25 | $0 | $0 | $0 |
| Alison Clarke Carter Brown | ||||||||
| 130 Spur Circle | Wayzata | MN | 55391 | Director/ Executive Direct | 0.25 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $4,032,223 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $286,889 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,319,112 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,319,112 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $64,787 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,254,325 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $212,716 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $212,716 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,679 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,679 | TotalTaxAmt |
| Distributable Before Adj | $211,037 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $211,037 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $211,037 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $969,194 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $969,194 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $969,194 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $211,037 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $26,013 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $120,396 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,264,282 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,352,737 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $668,832 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,432,260 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $969,194 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $211,037 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $758,157 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,190,417 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $26,013 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,164,404 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $120,396 | ExcessFromYear4Amt |
| Excess From Year3 | $1,264,282 | ExcessFromYear3Amt |
| Excess From Year2 | $1,352,737 | ExcessFromYear2Amt |
| Excess From Year1 | $668,832 | ExcessFromYear1Amt |
| Excess From Current Year | $758,157 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Diana Clarke-Carter | ContributingManagerNm |
| Contributing Manager | Robert Lowell Carter | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Carter Family Foundation | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 Spur Circle | AddressLine1Txt |
| City | Wayzata | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55391 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7633904277 | RecipientPhoneNum |
| Form And Info And Materials | Applications should review mission statement and submit letter of interest indicating the focus of the program, how the focus is consistent with the foundations goals and the amount and specific use of the requested grant. The foundation will notify the applicatant within three weeks if the foundation is willing to review a full proposal. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | Must be consistent with foundation mission statement. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| All Saints in Big Sky | |||||||
| PO Box 160965 | Big Sky | MT | 59716 | N/A | To support the Organizations mission. | $3,250 | |
| Be the Match | |||||||
| 500 N 5th St | Minneapolis | MN | 554011206 | N/A | To support the Be The Match Gala. | $250,000 | |
| Metropolitan State University Foundation | |||||||
| 700 East Seventh Street | St Paul | MN | 551065000 | N/A | To support students in natural science at Metropolitan State Universtiy. | $315,000 | |
| Minneapolis Foundation | |||||||
| 800 IDS Center 80 South Eighth | Minneapolis | MN | 55402 | N/A | To support the Organizations mission. | $50,000 | Street |
| New Life in Christ | |||||||
| PO Box 456 | Clearwater | MN | 55320 | N/A | To support the Organizations mission. | $5,000 | |
| Park Nicollet Foundation | |||||||
| 6500 Excelsior Blvd | St Louis Park | MN | 55426 | N/A | To support organization's mission. | $100,000 | |
| Regions Hospital | |||||||
| 640 Jackson St | St Paul | MN | 55101 | N/A | To support the Organizations mission. | $50,000 | |
| Saidiana | |||||||
| 4940 West 77th Street STE 30 | Edina | MN | 55435 | N/A | To support the Organizations mission. | $10,000 | |
| The Sheridan Story | |||||||
| 2723 Patton Road | Roseville | MN | 55113 | N/A | To support the Organizations mission. | $5,500 | |
| Wellspring for the World | |||||||
| PO Box 9993 | Fargo | ND | 58106 | N/A | To help fund water wells in Africa. | $10,000 | |
| Westminster Church | |||||||
| 1200 S Marquette Ave | Minneapolis | MN | 55403 | N/A | To support the Organization's mission. | $167,850 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $966,600 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $81,123 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $42,119 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $123,242 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $123,242 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| Summit Mortgage Corporation | ||||||
| 1 | 1335 10th Ave N Ste 100 | Plymouth | MN | 55441 | $388,148 | Yes (X) |
| Robert and Diana Carter | ||||||
| 2 | 130 Spur Circle | Wayzata | MN | 55391 | $190,037 | Yes (X) |
| Robert L Carter 2012 Irrevocable Trust | ||||||
| 3 | 130 Spur Circle | Wayzata | MN | 55391 | $355,261 | Yes (X) |
| The Diana Joan Clarke-Carter Irrevocable Support Trust | ||||||
| 4 | 130 Spur Circle | Wayzata | MN | 55391 | $334,761 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Expenses | CategoryTxt |
| Amt | $1,300 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,300 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,300 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Charles Schwab | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $4,316,283 | BookValueAmt |
| EOYFMV | $4,316,283 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Nondeductible expense | Desc |
| Amt | $1,000 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MN Attorney General Fee | Desc |
| Revenue And Expenses Per Books | $25 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $25 | DisbursementsCharitablePrpsAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized gain on investments | Desc |
| Amt | $686,117 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Fees | CategoryTxt |
| Amt | $39,287 | Amt |
| Net Investment Income | $39,287 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $39,287 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Foreign Taxes Paid | CategoryTxt |
| Amt | $1,269 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,269 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,269 | DisbursementsCharitablePrpsAmt |
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