Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Carter Foundation for Neurologic Research Inc.
EIN 86-1681755 • 501(c)3 • Wellesley, MA
Pub. 78 Eligible
Profile
Providing grants for medical research
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
32nd percentile
Higher net margin than 32% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
43rd percentile
Faster asset growth than 43% of similar nonprofits.
Revenue Growth
91st percentile
Faster revenue growth than 91% of similar nonprofits.
Balance Sheet
Assets
Down$101,869
Down $8,133 (-7.4%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$101,869
Down $8,133 (-7.4%) from 2023
Revenue
Up$101,200
Up $51,200 (+102%) from 2023
Expenses
Up$109,333
Up $18,557 (+20%) from 2023
Net Income
Up-$8,133
Up $32,643 (+80%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $101,869
- Liabilities
- $0
- Net assets
- $101,869
- Revenue
- $101,200
- Expenses
- $109,333
- Net income
- -$8,133
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 31, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $101,200
Mission and Program Overview
Mission
Providing grants for medical research
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDED GRANT TO UNIVERSITY COLLEGE DUBLIN, COLLEGE OF MEDICINE FOR MEDICAL RESEARCH ON HEREDITARY SPASTIC PARAPLEGIA THERAPEUTIC STRATEGIES. | $49,000 | $49,000 |
| PROVIDED GRANT TO THE UNIVERSITY OF ILLINOIS COLLEGE OF MEDICINE FOR MEDICAL RESEARCH ON HEREDITARY SPASTIC PARAPLEGIA AND RELATED GENE EDITING THERAPIES. | $40,000 | $40,000 |
| PROVIDED GRANT TO THE JACKSON LABORATORY -CHICAGO ILLINOIS FOR MEDICAL STUDY OF GENE THERAPY RESEARCH | $18,551 | $18,551 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOSEPH C AVELLONE MD | President | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Carter Foundation for Neurologic
- EIN
- 86-1681755
- Phone
- 7812151845
- Address
- 21 ELM STREET, WELLESLEY, MA 02481
Signing Officer
- Name
- Joseph C Avellone Md
- Title
- President
- Phone
- 7812151845
- Signed
- 2025-07-31
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Miller Wachman Llp
- Address
- 100 CAMBRIDGE STREET 13TH FLOOR, BOSTON, MA 02114-2548
- Preparer
- Charles Metjian CPA
- Phone
- 6173386800
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: medical research. Grantee name: university college dublin. Grantee address: rm 106-108, michael tierney building belfield, ireland, ireland. Grantee relationship: n/a. Date of gift: 03/13/24. Amount given: 49,000.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: medical research. Grantee name: university of illinois college of medicine. Grantee address: 1853 w polk street chicago, il 60612. Grantee relationship: n/a. Date of gift: 11/20/24. Amount given: 40,000.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: study acceptance payment . Grantee name: the jackson laboratory. Grantee address: 90260 collection center drive chicago, il 60693. Grantee relationship: n/a. Date of gift: 08/06/24. Amount given: 18,551. Total included on form 990-ez, line 10: 107,551.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: miscellaneous fees. Amount: 582.”
Raw XML Appendix138 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JOSEPH C AVELLONE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7812151845 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 21 ELM STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | WELLESLEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02481 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 110002 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 101869 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 101200 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -8133 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1200 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 110002 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 101869 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 107551 |
| IRS990EZ/GrossReceiptsAmt | 0 | 101200 |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 110002 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 101869 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 110002 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 101869 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOSEPH C AVELLONE MD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 582 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDING GRANTS FOR MEDICAL RESEARCH |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDED GRANT TO UNIVERSITY COLLEGE DUBLIN, COLLEGE OF MEDICINE FOR MEDICAL RESEARCH ON HEREDITARY SPASTIC PARAPLEGIA THERAPEUTIC STRATEGIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | PROVIDED GRANT TO THE UNIVERSITY OF ILLINOIS COLLEGE OF MEDICINE FOR MEDICAL RESEARCH ON HEREDITARY SPASTIC PARAPLEGIA AND RELATED GENE EDITING THERAPIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | PROVIDED GRANT TO THE JACKSON LABORATORY -CHICAGO ILLINOIS FOR MEDICAL STUDY OF GENE THERAPY RESEARCH |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd | 0 | X |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 49000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 40000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 18551 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 49000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 40000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 18551 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 109333 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 107551 |
| IRS990EZ/TotalRevenueAmt | 0 | 101200 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 101200 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 50000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 150000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 139000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 440200 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 440200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 101200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 50000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 150000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 139000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 440200 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 440200 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACTIVITY CLASSIFICATION: MEDICAL RESEARCH. GRANTEE NAME: UNIVERSITY COLLEGE DUBLIN. GRANTEE ADDRESS: RM 106-108, MICHAEL TIERNEY BUILDING BELFIELD, IRELAND, IRELAND. GRANTEE RELATIONSHIP: N/A. DATE OF GIFT: 03/13/24. AMOUNT GIVEN: 49,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACTIVITY CLASSIFICATION: MEDICAL RESEARCH. GRANTEE NAME: UNIVERSITY OF ILLINOIS COLLEGE OF MEDICINE. GRANTEE ADDRESS: 1853 W POLK STREET CHICAGO, IL 60612. GRANTEE RELATIONSHIP: N/A. DATE OF GIFT: 11/20/24. AMOUNT GIVEN: 40,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACTIVITY CLASSIFICATION: STUDY ACCEPTANCE PAYMENT . GRANTEE NAME: THE JACKSON LABORATORY. GRANTEE ADDRESS: 90260 COLLECTION CENTER DRIVE CHICAGO, IL 60693. GRANTEE RELATIONSHIP: N/A. DATE OF GIFT: 08/06/24. AMOUNT GIVEN: 18,551. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 107,551. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: MISCELLANEOUS FEES. AMOUNT: 582. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOSEPH C AVELLONE MD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7812151845 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-31 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CARTER FOUNDATION FOR NEUROLOGIC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | RESEARCH INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CART |
| ReturnHeader/Filer/EIN | 0 | 861681755 |
| ReturnHeader/Filer/PhoneNum | 0 | 7812151845 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 21 ELM STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WELLESLEY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02481 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 042211907 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MILLER WACHMAN LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 100 CAMBRIDGE STREET 13TH FLOOR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BOSTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 021142548 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6173386800 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-31 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHARLES METJIAN CPA |
| ReturnHeader/ReturnTs | 0 | 2025-07-31T13:47:02-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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