2023-05-15T10:14:18-05:00 2022-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2021-07-01 710589907 CARTI Foundation Inc CART 5012963438 PO Box 55011 Little Rock AR 72215 Jennifer Styron Treasurer/CFO CARTI Inc. 5012963438 2023-05-15 1 Jennifer Styron 999009999 Kim Hunwardsen CPA P00484560 6122536500 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Adam Head PO Box 55011 Little Rock AR 72215 4919588 0 X www.carti.com/foundation/ X 1987 AR Support CARTI by advancing its objectives which provides health services to cancer patients. 20 18 0 20 0 0 2098219 2203080 0 0 388155 2154610 82774 92216 2569148 4449906 4891654 936665 0 0 270116 287818 0 0 208150 113759 278413 5275529 1502896 -2706381 2947010 6740504 7015252 162528 231552 6577976 6783700 X The mission of CARTI Foundation, Inc. ("Foundation") is to foster, support, and encourage the activities and purposes of its Member's nonprofit subsidiaries Central Arkansas Radiation Therapy Institute, Inc. and CARTI Cancer Centers, Inc. and to advance their objectives, including sponsorship of and assistance to provide healthcare services to cancer patients. 0 0 910212 910212 The Foundation was organized to foster, support, and encourage the activities and purposes of Central Arkansas Radiation Therapy Institute, Inc. (CARTI) and to advance its objectives, including sponsorship of and assistance to CARTI and its related activities. Today, the Foundation funds all patient assistance and outreach programs as well as many of CARTI's program, equipment and capital needs. Funds raised through the CARTI Foundation directly benefit and enhance the quality of life for the estimated 34,000 patients CARTI treats each year. 26453 26453 Scholarship recipients must be or have been a cancer patient and a CARTI kid. Applicants must complete an application and submit an essay on the impact cancer had on their lives and what CARTI meant to them in order to qualify for a scholarship. 936665 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 18 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AR X Jennifer Styron 5012963438 PO Box 55011 Little Rock AR 72215 Kim Ellis Chair 1.00 1.00 X X 0 0 0 Paul Benham III Vice Chair 1.00 0.00 X X 0 0 0 Ginger Beebe Director Emeritus 1.00 1.00 X 0 0 0 Traci Braunfisch Director 1.00 0.00 X 0 0 0 Pam Brown Courtney Director 1.00 0.00 X 0 0 0 Karen Danhof Director 1.00 0.00 X 0 0 0 Misti Coker Director 1.00 0.00 X 0 0 0 Kyle Drown Director 1.00 0.00 X 0 0 0 Kelley Erstine Director 1.00 0.00 X 0 0 0 Adam Head Director/CEO CARTI Inc. 1.00 40.00 X 0 863725 27299 Dennis Jungmeyer Director Emeritus 1.00 0.00 X 0 0 0 Kyle King Director 1.00 0.00 X 0 0 0 Charles Nabholz Director 1.00 0.00 X 0 0 0 Grace Raja MD Director 1.00 40.00 X 0 1288659 3600 J Scott Schallhorn Director 1.00 0.00 X 0 0 0 Cindy VanVeckhoven Director 1.00 0.00 X 0 0 0 Sheila Vaught Director Emeritus 1.00 0.00 X 0 0 0 Terry Vick Director - Carti Chair 1.00 1.00 X 0 0 0 Mark V Williamson Director Emeritus 1.00 0.00 X 0 0 0 Jan Zimmerman Director 1.00 0.00 X 0 0 0 Ann Freely Director (Until Apr 22) 1.00 0.00 X 0 0 0 Steve Jonsson Director (Until Jan 22) 1.00 0.00 X 0 0 0 Jennifer Selig Executive Director 1.00 40.00 X 0 204554 5848 Jennifer Styron Treasurer/CFO CARTI Inc. 1.00 40.00 X 0 501090 13235 0 2858028 49982 0 0 1 0 0 674536 1528544 43444 2203080 68075 68075 2240229 153694 2086535 2086535 2086535 68292 674536 106965 -38673 -38673 339912 209023 130889 130889 4449906 130889 0 2115937 910212 910212 26453 26453 257129 257129 8005 8005 6484 6484 16200 16200 2315 2315 6000 6000 25748 25748 4866 4866 962 962 8714 8714 Tux and Trees Gala 208150 208150 Medical Supplies 15075 15075 Dues and Subscriptions 124 124 6459 6459 1502896 936665 358081 208150 643406 1546352 1034422 689146 16264 41742 27815 53166 17550 1125 126259 29743 105230 96516 4816942 4508330 78875 78875 6740504 7015252 24690 19544 1468 890 136370 211118 162528 231552 X 1492261 1047036 5085715 5736664 6577976 6783700 6740504 7015252 X 2947010 -2508347 -232939 X 0 1 X 1 0 X 1851022 2688531 1841513 1827799 2203080 10411945 1851022 2688531 1841513 1827799 2203080 10411945 25520 10386425 202954 202615 172339 67626 68075 713609 98466 98466 11224020 575706 0.92540 0.91560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3000840 343204 -235730 0 622394 2485920 6197315 3220 694693 3800000 94388 3000840 8311293 11266 73262 1676945 521561 6197315 9243531 2080734 977114 1289809 2700277 8311293 9535793 2230095 1010591 629211 2903737 9243531 0.41850 0.00805 0.57345 0 0 98461 11350 87111 27798 18393 9405 96516 Due to Related Party CARTI Inc. 147787 Life Use Obligation - Split-Interest Agreement 63331 211118 X 1969380 -2508347 468910 -441089 -2480526 4449906 0 4449906 1763656 468910 468910 1294746 208150 208150 1502896 Part V, Line 4: The Foundation's endowment consists of ten individual funds established by donors to provide annual funding for specific activities and general operations. The Endowment also includes certain net assets without donor restrictions that have been designated for endowment by the Board of Directors, as well as one fund that was established by a donor wherein the corpus is not restricted, but any earnings are restricted to a specific purpose. The endowments provide grants to CARTI's cancer patients. Donations to the endowment provide a gift with both immediate and long-term benefits. Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at CARTI. The remaining funds are reinvested to ensure indefinite support. Part X, Line 2: The Foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Change in value of Split-Interest Agreement -5,722. Indirect Fundraising Expense included in revenue for Form 990 -208,150. Uncollectible pledges included in revenue for financial statements -227,217. Part XII, Line 4b - Other Adjustments: Indirect Fundraising Expense Included in Revenue 208,150. Tux n Trees Gala 742828 674536 68292 20723 65792 2500 17950 742828 674536 68292 20723 65792 2500 17950 106965 -38673 1 Central Arkansas Radiation Therapy Institute Inc PO Box 55050 Little Rock AR 72215 710437657 501(c)(3) 910212 0 Patient Assistance 1 0 Scholarships to CARTI Kid 8 26453 Part I, Line 2: The Foundation provides grants solely to Central Arkansas Radiation Therapy Institute Inc. (CARTI). The funds are made to CARTI on a reimbursement basis. CARTI summarizes actual approved expenses and forwards detailed information to the Foundation. Documentation is maintained on CARTI's general ledger regarding actual expenses by social service activity. Scholarship recipients must be or have been a cancer patient and a CARTI Kid. Applicants must complete an application and submit an essay on the impact cancer had on their lives and what CARTI meant to them. 0 0 0 0 0 0 0 0 0 Grace Raja MD Director 0 1285099 0 0 0 3560 0 3600 0 0 0 1292259 0 0 Adam Head Director/CEO CARTI Inc. 0 535285 0 317180 0 11260 0 4149 0 23150 0 891024 0 0 Jennifer Styron Treasurer/CFO CARTI Inc. 0 335202 0 162500 0 3388 0 6266 0 6969 0 514325 0 0 Jennifer Selig Executive Director 0 194616 0 7500 0 2438 0 5848 0 0 0 210402 0 0 Part I, Line 3 Jennifer Selig, Executive Director, is compensated by Central Arkansas Radiation Therapy, Inc., (CARTI) a related organization, for services provided to CARTI Foundation. CARTI uses one or more of the methods listed on Part I, line 3 to determine the Executive Director's compensation. X 1 43444 Average High-low index 0 0 0 0 Part I, Column (b): Column (b) represents number of contributors. Form 990, Part VI, Section A, line 1a The Executive Committee consists of the Foundation Board Chair, who serves as Chair of the Executive Committee, the Foundation Executive Director (without voting rights), the President of the Member, and at least three (3) Directors appointed by the Chair who are independent and are not affiliated with the Foundation or any related entity, in any capacity apart from service as a Director and/or membership on any committee thereof. The Executive Committee has the power to transact the ordinary business affairs of the Foundation during the period between the meetings of the Foundation Board, subject to any prior limitation imposed by the Foundation Board, evaluate and make recommendations regarding major operational issues affecting the Foundation, and review and recommend changes to the Foundation's Articles of Incorporation and Bylaws. Form 990, Part VI, Section A, line 2 Adam Head, Jennifer Styron, Jennifer Selig, Kim Ellis, Grace Raja, MD, Ginger Beebe, and Terry Vick have a business relationship. Form 990, Part VI, Section A, line 4 The Bylaws were amended to change the sole member from Carti Health System, Inc. to Central Arkansas Radiation Therapy Institute, Inc. Form 990, Part VI, Section A, line 6 The Foundation's member was CARTI Health System, Inc. until June 2022 when the Bylaws were amended. As of June 2022, the Foundation has one member, Central Arkansas Radiation Therapy Institute, Inc. Form 990, Part VI, Section A, line 7a The Chair and the President of the Member, or the Chair's designee shall serve as Ex-Officio voting members of the Foundation Board. Except Ex-Officio voting members and Emeritus Directors voting members, each Director is recommended by the Foundation Board and approved by the Member. Form 990, Part VI, Section B, line 11b The Foundation provides a copy of the Form 990 to the governing body for review and comments prior to filing the form with the IRS. The Executive Director and Treasurer/CFO review the Form 990. Form 990, Part VI, Section B, line 12c Each director, principal officer, and member of a committee must disclose actual or possible conflicts of interest, and must be given the opportunity to disclose all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or agreement. Accordingly, each director, principal officer, and member of a committee with board-delegated powers shall annually sign a statement which affirms that such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that CARTI Foundation is a charitable organization, and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax- exempt purposes. Directors who are determined to have a conflict of interest on a matter before the Foundation Board shall not be present at the meeting, shall not participate in discussions, and shall not be counted for purposes of a quorum. Form 990, Part VI, Section B, line 15 The process for determining compensation of the Executive Director is determined by CARTI, a related organization. Form 990, Part VI, Section C, line 19 The Foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon written request. Form 990, Part XI, line 9: Change in Value of Split-Interest Agreement -5,722. Uncollectible pledges -227,217. Central Arkansas Radiation Therapy Institute Inc 8901 Carti Way Little Rock AR 72205 710437657 Provide oncology services AR 501(c)(3) Line 3 CARTI Health System Inc 0 CARTI Auxiliary Inc 8901 Carti Way Little Rock AR 72205 834300187 Provide support to CARTI Foundation Inc. AR 501(c)(3) Line 12a, I CARTI Foundation Inc 1 CARTI Health System Inc 8901 Carti Way Little Rock AR 72205 462053881 Support CARTI and CARTI Foundation AR N/A C 0 CARTI Cancer Centers Inc (Dissolved 111022) 9500 Kanis Rd Little Rock AR 72205 462065628 Provide cancer patient services AR N/A C 0 CARTI Holdings Inc (Dissolved 111022) 9500 Kanis Rd Little Rock AR 72205 462079639 Support CARTI and CARTI Foundation AR N/A C 0 CARTI Health Services Inc (Dissolved 91522) 9500 Kanis Rd Little Rock AR 72205 462087747 Support CARTI and CARTI Foundation AR N/A C 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0