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Nonprofit · EIN 31-1466051

THE CART FUND INC

Tax-exempt · SUMTER, SC 29151

Financials

$1.3M$1.1M2023$2.2M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of THE CART FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,188,028$1,285,549$902,479$4,630,197$0$4,630,197
June 30, 2024990 (amended)$1,290,912$1,115,169$175,743$2,959,857$0$2,959,857
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,030,581
Program service revenue
$0
Investment income
$157,447
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,281,153
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$1,281,153
Management and general (functional)
$4,396

Balance sheet and other

Total assets, start of year
$2,959,857
Total assets, end of year
$4,630,197
Total liabilities, end of year
$0
Net assets, end of year
$4,630,197
Net assets without donor restrictions
$4,630,197
Gross receipts
$2,188,028
Employees
0
Year formed
1995
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
CAROL BURDETTEPRESIDENT
Officer
–$0
GARY GOFORTHVP OF GRANTS
Officer
–$0
JOHNNY HILTONVP OF FINANC
Officer
–$0
CHARLES OVERBYTREASURER
Officer
–$0
JOHN POWELLSECRETARY
Officer
–$0
JIMMIE WILLIAMSONVICE PRESIDE
Officer
–$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
Rod FunderburkPresident
Officer
0$0
Carol BurdetteVice President
Officer
0$0
Angus McDuffieTreasurer
Officer
0$0
James WilliamsonSecretary
Officer
0$0
Johnny HiltonVice President
Officer
0$0
Gary GoforthVice President
Officer
0$0
Barbara JacoVice President
Officer
0$0
William ParkerDirector
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 1916, SUMTER, SC 29151-1916
Principal officer (990 for 2024)
JOHNNY HILTON, 2691 WEDGEFIELD ROAD, SUMTER, SC 29154
Signed the 990
JOHNNY HILTON, VP OF FINANCE
Phone
(803) 468-4054
Return prepared by
SHELLY A LUNDBERG CPA

Mission

RAISE FUNDS FOR ALZHEIMERS RESEARCH

990 for the year ended June 30, 2025

Program accomplishments

  • FUNDING RESEARCH TO FIND A CURE FOR ALZHEIMERS DISEASE
    Expenses $1,281,153 · grants $1,281,153

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
31-1466051
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,630,197
Income (IRS master file)
$2,188,028

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,188,028$1,285,549$4,630,197XML
990June 2024$1,343,500$1,167,757$2,959,857XML
990June 2023$1,945,040$898,544$2,784,114IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1466051).

Questions about THE CART FUND INC

What is the EIN of THE CART FUND INC?
The employer identification number (EIN) of THE CART FUND INC is 31-1466051.
Is THE CART FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to THE CART FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE CART FUND INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE CART FUND INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE CART FUND INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of THE CART FUND INC?
The 990 for the year ended June 30, 2025 names JOHNNY HILTON.
Who are the officers and directors of THE CART FUND INC?
The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does THE CART FUND INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,188,028, expenses of $1,285,549 and total assets of $4,630,197 at year end.

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