Carti Foundation INC

Tax-deductible

Little Rock, AR501(c)(3)Since 1987Health CareEIN 71-0589907

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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.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $63K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $12K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$869K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 18 voting members
Looks good: 16 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+16% vs prior year
Spent
$3.1M
To programs
64%
Net assets
$9.2M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +16%
Revenue by fiscal year
FY2020$4.3M
FY2021$2.6M
FY2022$4.4M
FY2023$3.5M
FY2024$2.3M
FY2024$2.7M
Expenses
$3.1M
FY2024▼ -8%
Expenses by fiscal year
FY2020$4.2M
FY2021$5.3M
FY2022$1.5M
FY2023$2.6M
FY2024$3.4M
FY2024$3.1M
Net assets
$9.2M
FY2024▲ +8%
Net assets by fiscal year
FY2020$8.8M
FY2021$6.6M
FY2022$6.8M
FY2023$8.6M
FY2024$8.5M
FY2024$9.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $2.0M Management & general 35% · $1.1M Fundraising 1% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Katherine Friend’s $422K as President is at the 95th percentile of top reported officer pay among 3129 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Carti Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances health services for cancer patients.

Provided by the organization

This section is blank until Carti Foundation INC claims this page.

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2 program services account for $2.0M of program spending, described in the organization's own filed words · FY2024.
01

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.

$1.9Mprogram expense
02

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.

$68Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$12K
See all 3 funders →
Grants paid · 12 grants · $14.1M · 2019–2024
Unitemized GrantFY2024$68,195
Unitemized GrantFY2023$60,607
Unitemized GrantFY2022$47,930
Unitemized GrantFY2021$26,453
Unitemized GrantFY2020$45,184
Unitemized GrantFY2019$45,639

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$260K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.0M
Managementcol C$1.1M
Fundraisingcol D$27K
Owns and owesPt X
$9.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$10.1M
LiabilitiesLn 26$869K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fundraising eventsLn 1c$137K
Investment incomeLn 3$260K
Gains on assetsLn 7$103K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$6.3M
Land, buildings, equipmentLn 10c$637
Other assetsLn 15$779K
Total assetsLn 16$10.1M
LiabilitiesLn 26$869K
Net assetsLn 32$9.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.7M$2.3M
InvestmentsLn 11–13$5.7M$6.3M
Land, buildings, equipmentLn 10c$2K$637
Total assetsLn 16$9.3M$10.1M
LiabilitiesLn 26$743K$869K
Net assetsLn 32$8.5M$9.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.9M$1.9M
Grants to domestic individualsLn 2$68K$68K
Other salaries and wagesLn 7$747K$747K
Pension plan contributionsLn 8$22K$22K
Other employee benefitsLn 9$56K$56K
Payroll taxesLn 10$49K$49K
Legal feesLn 11b$19K$19K
Other fees for servicesLn 11g$109K$109K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$41K$41K
Information technologyLn 14$12K$12K
OccupancyLn 16$591$591
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$3.1M$2.0M$1.1M$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.3M$3.4M−$1.1M$8.5M 990 PDF
FY2023 $3.5M$2.6M$988K$8.6M 990 PDF
FY2022 $4.4M$1.5M$2.9M$6.8M 990 PDF
FY2021 $2.6M$5.3M−$2.7M$6.6M 990 PDF
FY2020 $4.3M$4.2M$145K$8.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,672,479 across 8 lines filed
VIII-1c Fundraising events$136,533
VIII-1d Related organizations$440,699
VIII-1f All other contributions, gifts and grants$1,843,432
VIII-1h Total contributions, gifts and grants$2,420,664
VIII-3 Investment incomeExcluded from tax $157,634$157,634
VIII-7 Net gain or loss on sales of assetsExcluded from tax $102,857$102,857
VIII-8 Net income from fundraising eventsExcluded from tax −$8,676−$8,676
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $251,815$2,672,479
Part IX · Statement of functional expenses $3,096,678 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $1,914,202$1,914,202
IX-2 Grants to domestic individualsPrograms $68,195$68,195
IX-7 Other salaries and wagesManagement $746,674$746,674
IX-8 Pension plan contributionsManagement $21,930$21,930
IX-9 Other employee benefitsManagement $56,309$56,309
IX-10 Payroll taxesManagement $49,211$49,211
IX-11b Legal feesManagement $18,953$18,953
IX-11g Other fees for servicesManagement $108,600$108,600
IX-12 Advertising and promotionManagement $2,960$2,960
IX-13 Office expensesManagement $40,556$40,556
IX-14 Information technologyManagement $11,894$11,894
IX-16 OccupancyManagement $591$591
IX-17 TravelManagement $6,383$6,383
IX-19 Conferences, conventions and meetingsManagement $4,164$4,164
IX-22 Depreciation, depletion and amortizationManagement $3,182$3,182
IX-24 Other expenses (24a–d)Fundraising $26,968$26,968
IX-24e All other expensesManagement $15,906$15,906
IX-25 Total functional expensesPrograms $1,982,397 · Management $1,087,313 · Fundraising $26,968$3,096,678
Part X · Balance sheet $10,075,562 assets, 15 lines filed
Asset lines not itemized here account for $7,197; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,730,224$2,345,174
X-3 Pledges and grants receivableStart of year $1,184,523$668,728
X-4 Accounts receivableStart of year $51$51
X-9 Prepaid expenses and deferred chargesStart of year $57,269$10,301
X-10c Land, buildings and equipment, netStart of year $1,769$637
X-11 Publicly traded securitiesStart of year $5,682,579$6,264,347
X-15 Other assetsStart of year $617,431$779,127
X-16 Total assetsStart of year $9,273,846$10,075,562
X-17 Accounts payable and accrued expensesStart of year $5,009$29,254
X-25 Other liabilitiesStart of year $737,813$839,438
X-26 Total liabilitiesStart of year $742,822$868,692
X-27 Net assets without donor restrictionsStart of year $1,020,559$1,118,835
X-28 Net assets with donor restrictionsStart of year $7,510,465$8,088,035
X-32 Total net assets or fund balancesStart of year $8,531,024$9,206,870
X-33 Total liabilities and net assetsStart of year $9,273,846$10,075,562
Part XI · Reconciliation of net assets $9,206,870 net assets at year end
XI-1 Total revenue$2,672,479
XI-2 Total expenses$3,096,678
XI-3 Revenue less expenses−$424,199
XI-4 Net assets at start of year$8,531,024
XI-5 Net unrealized gains (losses) on investments$554,698
XI-9 Other changes in net assets$545,347
XI-10 Net assets at end of year$9,206,870

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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