Carter Foundation
- Assets
- $433.0k
- Revenue
- $525.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Meridian, MS
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 47-1894997
Organization Overview
Carter Foundation is located in Meridian, MS. The organization was established in 2014. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carter Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRING THE YOUTH AND BRINGING UNITY TO THE COMMUNITIES OF MISSISSIPPI
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE AN ATHLETIC PROGRAM THAT PROVIDES TRANSPORTATION AND ANY OTHER COST ASSOCIATED WITH IT TO TAKE THE CHILDREN THAT ARE IN THE PROGRAM TO DIFFERENT PLACES WITHIN THE US. WE HAVE A COMMUNITY PROGRAM WHERE THE CHILDREN IN THE PROGRAM PROVIDED SERVICES TO THE ELDERLY, SUCH AS, YARD MAINTENANCE, HOME REPAIRS, PAINTING, ETC. WE HAVE A COMMUNICATIONS PROGRAM WHERE THE CHILDREN IN THE PROGRAM HAVE ACCESS TO COMMUNICATIONS EQUIPMENT TO USE THEIR VOICE TO INSPIRE THE YOUTH IN THEIR COMMUNITIES.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,770 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $525,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,580 |
| Office expenses | $1,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,200 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $68,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,048 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $433,048 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $433,048 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carter Foundation has recieved totaling $800.
| Awarding Organization | Amount |
|---|---|
Charles L Young Sr Foundation Meridian, MS PURPOSE: SCHOLARSHIP | $400 |
Charles L Young Sr Foundation Meridian, MS PURPOSE: SCHOLARSHIP | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Akins Path Inc Brentwood, TN | $456,373 | $802,753 |
Optimist International Hot Springs, AR | $483,351 | $181,355 |
Multicare Foundation Inc Greeneville, TN | $44,186 | $86,526 |
Junior Auxiliary Of Tupelo Mississippi Inc Tupelo, MS | $542,159 | $213,210 |
Community Educational Support Systems Of Mississippi Waynesboro, MS | $113,387 | $182,316 |
Optimist International Bossier City, LA | $223,718 | $35,002 |
Greater Works Deliverance Ministries Inc Collierville, TN | $433 | $0 |
The Junior Service League Of Maryville Maryville, TN | $266,782 | $0 |
Carter Foundation Meridian, MS | $433,048 | $525,770 |
Young Adults For Positive Action Yapa Of Colorado Baton Rouge, LA | $583 | $0 |
Optimist International Athens, AL | $4,018 | $45,278 |
Optimist International Knoxville, TN | $269,155 | $0 |