Overview
What is Cartmell Foundation Inc?
Cartmell Foundation Inc is a nonprofit organization with a mission to support and enhance elderly care. They provide real estate rental facilities and offer financial assistance to Section 501c3 nursing home organizations. This aid is intended to be utilized in the provision of care for the elderly, aligning with the foundation's commitment to improving the lives of the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator gives Cartmell Foundation Inc a Four-Star out of Four Star rating with a score of 90%. This rating is based solely on the Accountability & Finance beacon, indicating strong financial practices and transparency within the organization. The high score reflects a solid commitment to responsible management of funds and resources.
The foundation demonstrates notable strengths such as having a fully independent board, which is essential for unbiased governance. Additionally, it scores perfectly on multiple metrics, including its audit and oversight processes, indicating rigorous financial stewardship. The low liabilities to assets ratio and high program expense ratio further emphasize the foundation's focus on maximizing the impact of its funds toward its mission.
However, the summary does not mention any specific programs or outcomes associated with the foundation’s work, which could provide a more comprehensive view of its effectiveness beyond financial metrics. Overall, while Cartmell Foundation Inc excels in accountability and finance, additional information on its programs would enhance understanding of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cartmell Foundation Inc legitimate?
Cartmell Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cartmell Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cartmell Foundation Inc?
The Cartmell Foundation Inc's mission is centered around providing support for organizations that cater to the elderly. Specifically, they offer rental facilities and financial assistance to Section 501c3 organizations that focus on elder care, such as nursing homes. Their primary goal is to utilize their assets to enhance the care provided to the elderly population.
Who is the CEO of Cartmell Foundation Inc?
Bill Green is the Principal Officer of Cartmell Foundation Inc.
What is the revenue of Cartmell Foundation Inc?
Cartmell Foundation Inc's revenue in 2023 was $783,268.
Who are the executives of Cartmell Foundation Inc and what are their salaries?
There 8 volunteers at Cartmell Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Cartmell Foundation Inc?
Cartmell Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cartmell Foundation Inc
Cartmell Foundation Inc, a nonprofit organization, is committed to providing resources for the care of the elderly. Its mission is twofold: it offers rental facilities and offers financial support to organizations that fall under Section 501c(3) and are primarily focused on elder care. In simpler terms, Cartmell Foundation Inc provides real estate and financial assistance to nursing homes and other sec.501c3 organizations that specialize in elder care. By doing so, the foundation aims to contribute to the well-being and support of the elderly population.
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Impact
July, 2024
Cartmell Foundation Inc's impact can be seen in the support it provides for the care of the elderly. Through its real estate rental facilities and financial backing for nursing home organizations, the foundation plays a vital role in ensuring that elderly individuals receive the care and support they need. By partnering with Sec. 501c3 elder care organizations, Cartmell Foundation Inc contributes to the well-being and quality of life of elderly individuals in Palestine, TX, and beyond. Its mission to provide assets for elder care organizations underscores its commitment to making a positive difference in the lives of the elderly.
This information is meant to be a general summary of Cartmell Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $84,936
- Program Service Revenue: $537,168
- Gross Receipts: $785,429
Assets and Liabilities:
- Total Assets: $18,648,394
- Total Liabilities: $7,050,427
- Net Assets: $11,597,967
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSISTED LIVING FACILITIES RENTAL
Revenue
$537,168
Organization Details
Founding Year
2002
Phone
(903) 727-8151Principal Officer
Bill Green
Main Address
100 CARTMELL DRIVE, PALESTINE, TX, 75801
NTEE Category
Code: P198 - Human services
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