STRATEGY STUDIO / PUBLIC DATA EXPLORER

CARTER FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CARTER FAMILY FOUNDATION (EIN 01-0660673)
Tax period
2019-01-01 to 2019-12-31
Filed
2022-02-22
IRS object ID
202200539349100705
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-02-22T14:35:55-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1A ROHM SMITH & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111832 ROCK LANDING DR STE 101AddressLine1Txt
CityNEWPORT NEWSCityNm
State AbbreviationVAStateAbbreviationCd
ZIP236064277ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN010660673EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE CARTER FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCARTBusinessNameControlTxt
Phone4107575966PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11909 MARTINS COVE CTAddressLine1Txt
CityANNAPOLISCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21409ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRODGER B CARTERPersonNm
Person TitleMANAGERPersonTitleTxt
Phone4107575966PhoneNum
Signature2022-02-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHERESA ROHM CPAPreparerPersonNm
PTINP00744346PTIN
Phone7572239602PhoneNum
Preparation2022-02-09PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$42,655FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$81DividendsRevAndExpnssAmt
Dividends Net Invst Incm$81DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$752NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$6,768GrossSalesPriceAmt
Total Rev And Expnss-$671TotalRevAndExpnssAmt
Total Net Invst Incm$81TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$375OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$375OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$375TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$375TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$375TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$375TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,046ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$421SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,148SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,148SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$36,686CorporateStockBOYAmt
Corporate Stock EOY$41,507CorporateStockEOYAmt
Corporate Stock EOYFMV$41,507CorporateStockEOYFMVAmt
Other Assets BOY-$2,064OtherAssetsBOYAmt
Total Assets BOY$35,043TotalAssetsBOYAmt
Total Assets EOY$42,655TotalAssetsEOYAmt
Total Assets EOYFMV$42,655TotalAssetsEOYFMVAmt
Accounts Payable BOY$2,064AccountsPayableBOYAmt
Accounts Payable EOY$100AccountsPayableEOYAmt
Total Liabilities BOY$2,064TotalLiabilitiesBOYAmt
Total Liabilities EOY$100TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$32,979RetainedEarningBOYAmt
Retained Earning EOY$42,555RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$32,979TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$42,555TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$35,043TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$42,655TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$32,979TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,046ExcessRevenueOverExpensesAmt
Other Increases$10,622OtherIncreasesAmt
Subtotal$42,555SubtotalAmt
Tot Net Ast Or Fund Balances EOY$42,555TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,300AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$42,407NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.030655DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,675AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$32,526NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.051497DistributionYr2Rt
Adjusted Qlfy Distri Yr3$1,153AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$25,268NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.045631DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,493AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$24,791NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.060223DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,639AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$26,873NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.060991DistributionYr5Rt
Total Distribution0.248997TotalDistributionRt
Average Distribution0.049799AverageDistributionRt
Net Vl Noncharitable Assets$40,745NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$2,029AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$2,029AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksRODGER CARTERIndividualWithBooksNm
Phone4107575966PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11909 MARTINS COVE CTAddressLine1Txt
CityANNAPOLISCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21409ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RODGER B CARTER
1909 MARTINS COVE CTANNAPOLISMD21409MANAGER000.00$0$0$0
KATHARINE B CARTER
1909 MARTINS COVE CTANNAPOLISMD21409SECRETARY000.00$0$0$0
RODGER B CARTER JR
82362 JEREMIAH LNCOLUMBIAMD21044TRUSTEE000.00$0$0$0
THOMAS B CARTER
914 PLUM ST SWVIENNAVA22180TRUSTEE000.00$0$0$0
DAVID G CARTER
209 TILDEN WAYEDGEWATERMD21037TRUSTEE000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$40,352AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,013AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$41,365TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$41,365AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$620CashDeemedCharitableAmt
Net Vl Noncharitable Assets$40,745NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,037MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,037MinimumInvestmentReturnAmt
Distributable Before Adj$2,037DistributableBeforeAdjAmt
Distributable Before Ded$2,037DistributableBeforeDedAmt
Distributable As Adjusted$2,037DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,037DistributableAsAdjustedAmt
Undistributed Income CY$2,037UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ROY M CARTER ENDOWED SCHOLARSHIP FD
CAMPUS BOX 7207RALEIGHNC27695PCSCHOLARSHIP$600
NAVAL ACADEMY ATHLETIC ASSOCIATION
566 BROWNSON ROADANNAPOLISMD21402PCGENERAL SUPPORT$564
ROANOKE FUND OF ROANOKE COLLEGE
221 COLLEGE LANESALEMVA24153PCGENERAL SUPPORT$400
THE MAROON CLUB FD OF ROANOKE COL
221 COLLEGE LANESALEMVA24153PCGENERAL SUPPORT$200
GRASSSROOTS CRISIS INTERVENTION CTR
6700 FREETEOWN ROADCOLUMBIAMD21044PCGENERAL SUPPORT$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,964TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$81ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$752ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$671ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$671TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
AT HOME GROUP INC2018-09PURCHASE2019-04$1,312$2,206-$894
CVS HEALTH CORP COM2018-08PURCHASE2019-04$3,698$4,593-$895
NETFLIX INC2017-04PURCHASE2019-04$1,758$721$1,037

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (11 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ALPHABET INC CL C$4,011$4,011
AMAZON COM INC$7,391$7,391
AT HOME GROUP INC
CVS HEALTH CORP COM
FACEBOOK INC CL A$4,105$4,105
NETFLIX INC$4,854$4,854
NVIDIA CORPORATION$4,941$4,941
PALO ALTO NETWORKS INC$5,781$5,781
SALESFORCE.COM INC$5,693$5,693
TWILIO INC CL A$2,948$2,948
WALMART INC$1,783$1,783

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescHELD FOR CHARITIESDesc
BOY Book Value-$2,064BOYBookValueAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescINCREASE IN FMVDesc
Amt$10,622Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMORGAN STANLEYCategoryTxt
Amt$375Amt
Net Investment Income$375NetInvestmentIncomeAmt