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Nonprofiteer
← THE CART FUND INC

Form 990 for tax year 2024

Filed by THE CART FUND INC.

Totals

Total revenue
$2,188,028
Total expenses
$1,285,549
Contributions and grants received
$2,030,581
Grants paid
$1,281,153
Program service revenue
$0
Investment income
$157,447
Other revenue
$0
Total assets, end of year
$4,630,197
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,630,197
Program services expenses (Part IX)
$1,281,153
Management and general expenses
$4,396
Fundraising expenses
$0
Program service expenses (Part III)
$1,281,153

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,030,581

  • 3 · Investment income

    total $157,447 · related or exempt $157,447

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,281,153 · program services $1,281,153

  • 24a · Other expenses: BANK FEES

    total $4,396 · management and general $4,396

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $352,172 · end of year $193,204

  • 15 · Other assets

    beginning of year $2,607,685 · end of year $4,436,993

  • 27 · Net assets without donor restrictions

    beginning of year $2,959,857 · end of year $4,630,197

Mission and programs · 2024

Mission

RAISE FUNDS FOR ALZHEIMERS RESEARCH

  • FUNDING RESEARCH TO FIND A CURE FOR ALZHEIMERS DISEASE

    Expenses $1,281,153 · Grants $1,281,153

As filed on the 2024 return.

Listed in Part VII

  • Carol Burdette

    PRESIDENT

    Total calculated
    $0

  • Gary Goforth

    VP OF GRANTS

    Total calculated
    $0

  • Johnny Hilton

    VP OF FINANC

    Total calculated
    $0

  • Charles Overby

    TREASURER

    Total calculated
    $0

  • John Powell

    SECRETARY

    Total calculated
    $0

  • Jimmie Williamson

    VICE PRESIDE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • BROWN UNIVERSITY

    $125,000

  • MASS GENERAL HOSPITAL RESEARCH

    $125,000

  • UNIVERSITY OF MICHIGAN

    $75,000

  • CLEVELAND CLINIC FOUNDATION

    $75,000

  • MASS GENERAL HOSPITAL

    $75,000

  • MICHIGAN STATE UNIVERSITY

    $75,000

  • UNIVERSITY OF SOUTH FLORIDA

    $62,500

  • UMASS CHAN MEDICAL SCHOOL

    $62,500

  • COLD SPRING HARBOR LABORATORY

    $62,500

  • UNIVERSITY OF MIAMI

    $62,500

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
24 February 2026
IRS schema version
2024v5.0
Source object
202600569349300700

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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