Civic Intelligence

The Carter Foundation

990 • Fiscal year 2021 • EIN 47-1894997

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 22, 2022

4316 25th StreetMeridian, MS 39307

(601) 480-2321

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$7,500

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Up

$433,048

Up $433,048 from 2020

Net Assets

Up

$433,048

Up $433,048 from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$525,770

Up $525,770 from 2020

Expenses

Up

$68,471

Up $68,471 from 2020

Net Income

Up

$457,299

Up $457,299 from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $433,048Liabilities 2021: $0Net Assets 2021: $433,0482021Assets 2022: $345,686Liabilities 2022: $0Net Assets 2022: $345,6862022Assets 2023: $222,577Liabilities 2023: $0Net Assets 2023: $222,5772023Assets 2024: $147,926Liabilities 2024: $9,613Net Assets 2024: $138,3132024

Highlighted filing

2021

Assets$433,048
Liabilities$0
Net Assets$433,048

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $525,770Expenses 2021: $68,471Net Income 2021: $457,2992021Revenue 2022: $0Expenses 2022: $6,976Net Income 2022: -$6,9762022Revenue 2023: $7,475Expenses 2023: $118,923Net Income 2023: -$111,4482023Revenue 2024: $11,500Expenses 2024: $80,091Net Income 2024: -$68,5912024

Highlighted filing

2021

Revenue$525,770
Expenses$68,471
Net Income$457,299
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 22, 2022
Return Version
2021v4.1
Gross Receipts
$525,770
Mission and Program Overview

Mission

Inspiring the youth and bringing unity to the communities of mississippi

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$411,248-
Land, Buildings, and Equipment, Net-$21,800-
Total Assets$0$433,048▲ $433,048
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$433,048-
Total Net Assets Fund Balance$0$433,048▲ $433,048
Total Liabilities and Net Assets / Fund Balance$0$433,048▲ $433,048

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,800$18,200$40,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James CarterCEOFT$7,500$7,500
Revenue and Support

Revenue Composition

Contributions and Grants
$525,770
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$522,770
Change in Net Assets
$457,299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,621
Grants and Similar Amounts Paid$2,850
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$18,580
Depreciation Depletion---$18,200
Other Expenses---$15,547
Current Officers, Directors, Trustees, and Key Employees$7,500---
Grants to Domestic Orgs---$2,850
Occupancy$2,500---
Office Expenses---$1,980
Insurance$1,150---
Total Functional Expenses$11,150$0$0$68,471
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

990, Part VI, Line 15

The governing body had a meeting to discuss officers compensations.

990, Part VI, Line 19

The financials were not made available to the public.

Filing and Contact Details

Filer

Filer Name
The Carter Foundation
EIN
47-1894997
Phone
6014802321
Address
4316 25TH STREET, MERIDIAN, MS 39307

Signing Officer

Name
James Carter
Title
Founder
Phone
6014802321
Signed
2022-07-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Carter
Formed
2014
Legal Domicile
Ms
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Tba Tax Group
Address
721 FRONT STREET EXT SUITE 760, MERIDIAN, MS 39301
Preparer
Carla Boston
Phone
6014535427
Raw XML Appendix249 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AllOtherContributionsAmt0522770
IRS990/BooksInCareOfDetail/PersonNm0JAMES CARTER
IRS990/BooksInCareOfDetail/PhoneNum06014802321
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IRS990/GrossReceiptsAmt0525770
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
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IRS990/InsuranceGrp/ProgramServicesAmt01150
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018200
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021800
IRS990/LandBldgEquipCostOrOtherBssAmt040000
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0INSPIRING THE YOUTH AND BRINGING UNITY TO THE COMMUNITIES OF MISSISSIPPI
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt0433048
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0433048
IRS990/NondeductibleContributionsInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc2GENERAL BUSINESS EXPENDITU
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IRS990/OtherExpensesGrp/TotalAmt19714
IRS990/OtherExpensesGrp/TotalAmt215547
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IRS990/ProfessionalFundraisingInd0false
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/EquipmentGrp/BookValueAmt021800
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018200
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body had a meeting to discuss officers compensations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The financials were not made available to the public.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1990, Part VI, Line 19
IRS990/SchoolOperatingInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CARTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum06014802321
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CARTER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CART
ReturnHeader/Filer/EIN0471894997
ReturnHeader/Filer/PhoneNum06014802321
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039307
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERIDIAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039301
ReturnHeader/PreparerPersonGrp/PhoneNum06014535427
ReturnHeader/PreparerPersonGrp/PreparationDt02022-07-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLA BOSTON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-07-22T19:05:36-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARTER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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