Civic Intelligence

The Carter Foundation

990 • Fiscal year 2022 • EIN 47-1894997

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 26, 2024

Organization Profile
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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

94th percentile

$60,000

Higher top officer pay than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

22nd percentile

-20%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$345,686

Down $87,362 (-20%) from 2021

Net Assets

Down

$345,686

Down $87,362 (-20%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $525,770 (-100%) from 2021

Expenses

Down

$6,976

Down $61,495 (-90%) from 2021

Net Income

Down

-$6,976

Down $464,275 (-102%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

2022

Assets$345,686
Liabilities$0
Net Assets$345,686
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

2022

Revenue$0
Expenses$6,976
Net Income-$6,976
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 26, 2024
Return Version
2022v5.0
Gross Receipts
$0
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$330,862▼ $80,386
Land, Buildings, and Equipment, Net$21,800$14,824▼ $6,976
Total Assets$433,048$345,686▼ $87,362
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$433,048$345,686▼ $87,362
Total Net Assets Fund Balance$433,048$345,686▼ $87,362
Total Liabilities and Net Assets / Fund Balance$433,048$345,686▼ $87,362

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,824$25,176$40,000
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
James CarterCEOFT$60,000$60,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-6,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,976
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$6,976
Total Functional Expenses$0$0$0$6,976
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
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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 19

“This organization is uses an independent accountant who has ready all records and returns to present upon request.”

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
2024-09-26
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 Appendix235 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/LandBldgEquipBasisNetGrp/BOYAmt021800
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014824
IRS990/LandBldgEquipCostOrOtherBssAmt040000
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt0433048
IRS990/NetAssetsOrFundBalancesEOYAmt0345686
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CARTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum06014802321
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-26
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ReturnHeader/Filer/BusinessNameControlTxt0CART
ReturnHeader/Filer/EIN0471894997
ReturnHeader/Filer/PhoneNum06014802321
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-26
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-09-26T07:08:48-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$345,686
Liabilities
$0
Net assets
$345,686
Revenue
$0
Expenses
$6,976
Net income
-$6,976
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$0.10$1.38$0.12$0.80$0.69
2023Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$0.07$1.19$1.11
2022Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$0.00$0.07$0.07
2021Detailed filing. Detailed filing data is available for this year.$4.33$0.00$4.33$5.26$0.68$4.57
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00