Carters Charitable Foundation Inc
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-4165605
Organization Overview
Carters Charitable Foundation Inc is located in Atlanta, GA. The organization was established in 2011. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carters Charitable 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 12/2023, Carters Charitable Foundation Inc generated $1.1m in total revenue. All expenses for the organization totaled $557.1k during the year ending 12/2023.
Since 2020, Carters Charitable Foundation Inc has awarded 41 individual grants totaling $1,723,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MADE GRANTS TO 12 AGENCIES RANGING FROM 5000 TO 101000 IN SUPPORT OF PROGRAMS THAT FOCUS ON THE HEALTH AND WELFARE OF CHILDREN AND ENGAGE IN CHILDRENS SUPPORT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Casey President | 1 | $0 | |
Richard Westenberger Treasurer | 1 | $0 | |
Jill Wilson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $88,476 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,088,476 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $253 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $235 |
| Total operating and administrative expenses | $488 |
| Contributions, gifts, grants paid | $556,600 |
| Total expenses and disbursements | $557,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,237,084 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,237,084 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Carters Charitable Foundation Inc has awarded $556,600 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CROSBY SCHOLORSHIP COMM PURPOSE: SUPPORT NEEDY CHILDREN | $5,000 |
DONORSCHOOSEORG PURPOSE: SUPPORT NEEDY CHILDREN | $50,000 |
SAVE THE CHILDREN PURPOSE: SUPPORT NEEDY CHILDREN | $50,000 |
SHELTERING ARMS PURPOSE: SUPPORT NEEDY CHILDREN | $50,000 |
UNITED WAY OF METRO ATLANTA PURPOSE: SUPPORT NEEDY CHILDREN | $101,000 |
USO - UNITED THROUGH READING PURPOSE: SUPPORT NEEDY CHILDREN | $100,000 |