Carti Foundation Inc
- Assets
- $6.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 05/1984
- Data as of
- 06/2021
- EIN
- 71-0589907
Organization Overview
Carti Foundation Inc is located in Little Rock, AR. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carti Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Carti Foundation Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT CARTI BY ADVANCING ITS OBJECTIVES WHICH PROVIDES HEALTH SERVICES TO CANCER PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED TO FOSTER, SUPPORT, AND ENCOURAGE THE ACTIVITIES AND PURPOSES OF CENTRAL ARKANSAS RADIATION THERAPY INSTITUTE, INC. (CARTI) AND TO ADVANCE ITS OBJECTIVES, INCLUDING SPONSORSHIP OF AND ASSISTANCE TO CARTI AND ITS RELATED ACTIVITIES. TODAY, THE FOUNDATION FUNDS ALL PATIENT ASSISTANCE AND OUTREACH PROGRAMS AS WELL AS MANY OF CARTI'S PROGRAM, EQUIPMENT AND CAPITAL NEEDS. FUNDS RAISED THROUGH THE CARTI FOUNDATION DIRECTLY BENEFIT AND ENHANCE THE QUALITY OF LIFE FOR THE ESTIMATED 34,000 PATIENTS CARTI TREATS EACH YEAR.
SCHOLARSHIP RECIPIENTS MUST BE OR HAVE BEEN A CANCER PATIENT AND A CARTI KID. APPLICANTS MUST COMPLETE AN APPLICATION AND SUBMIT AN ESSAY ON THE IMPACT CANCER HAD ON THEIR LIVES AND WHAT CARTI MEANT TO THEM IN ORDER TO QUALIFY FOR A SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Ellis Chair | OfficerTrustee | 1 | $0 |
Paul Benham III Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Selig Interim Executive Director | Officer | 40 | $0 |
Jennifer Styron Treasurer/cfo Carti Inc. | Officer | 1 | $0 |
Ann Freely Director | Trustee | 1 | $0 |
Barry Simon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,098,219 |
| Noncash contributions included in lines 1a–1f | $15,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,098,219 |
| Total Program Service Revenue | $0 |
| Investment income | $67,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $320,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,774 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,569,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,846,470 |
| Grants and other assistance to domestic individuals. | $45,184 |
| 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 | $240,091 |
| Pension plan accruals and contributions | $6,369 |
| Other employee benefits | $9,608 |
| Payroll taxes | $14,048 |
| 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 | $6,069 |
| Office expenses | $14,858 |
| Information technology | $1,802 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $412 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,714 |
| Insurance | $0 |
| All other expenses | $6,172 |
| Total functional expenses | $5,275,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $643,406 |
| Pledges and grants receivable | $1,034,422 |
| Accounts receivable, net | $16,264 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,815 |
| Prepaid expenses and deferred charges | $17,550 |
| Net Land, buildings, and equipment | $105,230 |
| Investments—publicly traded securities | $4,816,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,875 |
| Total assets | $6,740,504 |
| Accounts payable and accrued expenses | $24,690 |
| Grants payable | $0 |
| Deferred revenue | $1,468 |
| 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 | $136,370 |
| Total liabilities | $162,528 |
| Net assets without donor restrictions | $1,492,261 |
| Net assets with donor restrictions | $5,085,715 |
| 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 | $6,740,504 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Carti Foundation Inc has recieved totaling $264,179.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of Arkansas Foundation Inc Sherwood, AR PURPOSE: LEGACY GRANT | $88,000 |
Murphy Foundation El Dorado, AR PURPOSE: OPERATIONS | $70,000 |
Caring Hearts Foundation Of Arkansas Little Rock, AR PURPOSE: MEDICAL CARE FOR CRITICALLY ILL | $55,000 |
Nabholz Charitable Foundation Conway, AR PURPOSE: CHARITABLE-FOR PROGRAM EXPENSES | $22,100 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $10,250 |
The Jonsson Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $6,197,315 |
| Earnings | $694,693 |
| Admin Expense | $94,388 |
| Net Contributions | $3,220 |
| Grants | $3,800,000 |
| Ending Balance | $3,000,840 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |