CARTER FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CARTER FOUNDATION (EIN 52-2037253)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-25
IRS object ID
202023309349100102
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-25T10:00:49-00:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BCA FINANCIALBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11001 CONNECTICUT AVE NW SUITE 745AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

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
Phone2022437331PhoneNum

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
Signature2020-11-25SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL J COBBPreparerPersonNm
Phone2027783440PhoneNum
Preparation2020-11-25PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address107.191.186.221IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-25IPDt
IP Tm14:27:06IPTm
IP TimezoneESIPTimezoneCd
Federal Original Submission Id7809302020197t7jzyuaFederalOriginalSubmissionId
Federal Original Submission Id2020-11-24FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdE99BEA1D1291D5DBB8F39ACAB5E8F2C21C0ACD04AtSubmissionCreationDeviceId
At Submission Filing Device Id268095B580CCD1FF88A97469E9CAB8514A5061E0AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$823,535FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$798InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$798InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$798InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$16,694DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,694DividendsNetInvstIncmAmt
Dividends Adj Net Incm$16,694DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$37,811NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$62,264GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,626CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$55,303TotalRevAndExpnssAmt
Total Net Invst Incm$20,118TotalNetInvstIncmAmt
Total Adj Net Incm$17,492TotalAdjNetIncmAmt
Taxes Rev And Expnss$162TaxesRevAndExpnssAmt
Taxes Net Invst Incm$162TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$10,581OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$10,581OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,743TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,743TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$10,743TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,743TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$44,560ExcessRevenueOverExpensesAmt
Net Investment Income$9,375NetInvestmentIncomeAmt
Adjusted Net Income$17,492AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Investments BOY$778,975OtherInvestmentsBOYAmt
Other Investments EOY$823,535OtherInvestmentsEOYAmt
Other Investments EOYFMV$823,535OtherInvestmentsEOYFMVAmt
Total Assets BOY$778,975TotalAssetsBOYAmt
Total Assets EOY$823,535TotalAssetsEOYAmt
Total Assets EOYFMV$823,535TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Capital Stock BOY$778,975CapitalStockBOYAmt
Capital Stock EOY$823,535CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$778,975TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$823,535TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$778,975TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$823,535TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$778,975TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$44,560ExcessRevenueOverExpensesAmt
Subtotal$823,535SubtotalAmt
Tot Net Ast Or Fund Balances EOY$823,535TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$2,626CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$10,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr4$844,517NetVlNoncharitableAssetsYr4Amt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$188InvestmentIncomeExciseTaxAmt
Subtotal$188SubtotalAmt
Tax Based On Investment Income$188TaxBasedOnInvestmentIncomeAmt
Tax Due$188TaxDueAmt

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 RqrfalseComplyWithPublicInspRqrInd
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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

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

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$188MinimumInvestmentReturnAmt
Tax Based On Investment Income$188TaxBasedOnInvestmentIncomeAmt
Total Tax$188TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

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

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$10,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,000TotalExcessDistributionCyovAmt
Total Corpus$10,000TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$10,000ExcessDistriCyovToNextYrAmt
Excess From Year1$10,000ExcessFromYear1Amt

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

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetBANK OF AMERICAAssetDesc
Acquired2009-11AcquiredDt
How AcquiredPHowAcquiredTxt
Sold2019-05SoldDt
Gross Sales Price$59,638GrossSalesPriceAmt
Basis$24,453BasisAmt
Total Net$35,185TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemUS TRUSTCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$823,535BookValueAmt
EOYFMV$823,535EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMANAGEMENT FEESDesc
Revenue And Expenses Per Books$10,581RevenueAndExpensesPerBooksAmt
Net Investment Income$10,581NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$162Amt
Net Investment Income$162NetInvestmentIncomeAmt

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