Carter Bloodcare Foundation
- Assets
- $111.9m
- Revenue
- $85.7m
- Investments
- $25.0m
- Employees
- 0
- Location
- Bedford, TX
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 75-2388952
Organization Overview
Carter Bloodcare Foundation is located in Bedford, TX. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Carter Bloodcare Foundation 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 12/2021, Carter Bloodcare Foundation generated $85.7m in total revenue. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
CARTER BLOODCARE FOUNDATION PROVIDES SUPPORT TO CARTER BLOODCARE, THE COMMUNITY-BASED, NOT-FOR-PROFIT BLOOD CENTER WHICH PROVIDES BLOOD PRODUCTS, THERAPIES, AND BLOOD-RELATED SERVICES IN NORTH, CENTRAL AND EAST TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARTER BLOODCARE FOUNDATION PROVIDES SUPPORT TO CARTER BLOODCARE, THE COMMUNITY-BASED, NOT-FOR-PROFIT BLOOD CENTER WHICH PROVIDES BLOOD PRODUCTS, THERAPIES, AND BLOOD-RELATED SERVICES IN NORTH, CENTRAL AND EAST TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Grigsby Board Chair | OfficerTrustee | 1 | $0 |
John Mitchell Clarke Sr Treasurer | OfficerTrustee | 1 | $0 |
Eric Hyden Vice Chair | OfficerTrustee | 1 | $0 |
Charles Kurtzman Secretary | OfficerTrustee | 1 | $0 |
Merlyn Sayersmbbch PHD President | Officer | 1 | $0 |
Randy Talley Trustee | 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 | $83,311,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,311,321 |
| Total Program Service Revenue | $0 |
| Investment income | $1,174,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,224,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,727,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,193,270 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $112,239 |
| Fees for services: Other | $722 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,308,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $82,265,719 |
| Investments—other securities | $24,998,123 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,630,659 |
| Total assets | $111,922,818 |
| Accounts payable and accrued expenses | $394,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $394,960 |
| Net assets without donor restrictions | $106,897,199 |
| Net assets with donor restrictions | $4,630,659 |
| 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 | $111,922,818 |
Grants Awarded
Over the last fiscal year, Carter Bloodcare Foundation has awarded $1,193,270 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Bedford, TX PURPOSE: ASSET IMPROVEMENT PROJECT | $943,270 |
Bedford, TX PURPOSE: REIMBURSEMENT FOR ADMIN SUPPORT | $250,000 |
Endowment Analysis
| Beg. Balance | $4,167,278 |
| Earnings | $463,381 |
| Ending Balance | $4,630,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |