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Nonprofit · EIN 03-0383843

CARTMELL FOUNDATION INC

Tax-exempt · PALESTINE, TX 75801

Financials

$1.2M$1.4M2023$2.2M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of CARTMELL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990 (amended)$2,219,138$1,662,169$556,969$23,956,609$11,990,105$11,966,504
June 30, 2024990 (amended)$1,164,651$1,387,170-$222,519$21,993,603$10,617,585$11,376,018
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$45,000
Program service revenue
$1,159,846
Investment income
$178,497
Royalties
$108,628
Net rental income
$727,167
Other revenue
$835,795

Expenses

Grants and similar amounts paid
$481,156
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$20,765
Occupancy
$8,697
Depreciation
$797,849
Program services (functional)
$1,629,655
Management and general (functional)
$32,514

Balance sheet and other

Total assets, start of year
$21,993,603
Total assets, end of year
$23,956,609
Total liabilities, end of year
$11,990,105
Net assets, end of year
$11,966,504
Land, buildings and equipment
$17,956,576
Publicly traded securities
$3,779,967
Net assets without donor restrictions
$11,910,854
Net assets with donor restrictions
$55,650
Gross receipts
$2,219,138
Employees
0
Volunteers
8
Year formed
2002
State of legal domicile
TX

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
DAVID BARNARDCHAIRMAN
Trustee or director, Officer
1$0
DANNY SMITHVICE-CHAIRMAN
Trustee or director, Officer
1$0
AHNISE SUMMERSSECRETARY
Trustee or director, Officer
1$0
RICH LAVINSKIVOTING BOARD MEMBER
Trustee or director
1$0
PHIL JENKINSVOTING BOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
DAVID BARNARDCHAIRMAN
Trustee or director, Officer
1$0
DANNY SMITHVICE-CHAIRMAN
Trustee or director, Officer
1$0
AHNISE SUMMERSSECRETARY
Trustee or director, Officer
1$0
RICH LAVINSKIVOTING BOARD MEMBER
Trustee or director
1$0
CAD WILLIAMSVOTING BOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
100 CARTMELL DR, PALESTINE, TX 75801-4104
In care of
% GEORGE & CO
Principal officer (990 for 2024)
DAVID BARNARD, 100 CARTMELL DRIVE, PALESTINE, TX 75801
Signed the 990
TIM KOZIK, CEO
Phone
(903) 727-8151
Return prepared by
Frank Campos & Associates PLLC

Mission

TO PROVIDE REAL ESTATE RENTAL FACILITIES AND FINANCIAL SUPPORT FOR SEC.501C(3) ELDER CARE ORGANIZATIONS.

990 for the year ended June 30, 2025

Program accomplishments

  • SUPPORT OF ASSISTED LIVING FACILITY FOR ELDERLY.
    Expenses $1,629,655 · grants $481,156 · revenue $2,219,138

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
03-0383843
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P198)
Assets (IRS master file)
$23,956,609
Income (IRS master file)
$2,219,138

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,219,138$1,662,169$23,956,609XML
990June 2024$1,164,651$1,387,170$21,993,603XML
990June 2023$783,268$889,201$18,648,394IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––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 03-0383843).

Questions about CARTMELL FOUNDATION INC

What is the EIN of CARTMELL FOUNDATION INC?
The employer identification number (EIN) of CARTMELL FOUNDATION INC is 03-0383843.
Is CARTMELL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to CARTMELL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CARTMELL FOUNDATION 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 CARTMELL FOUNDATION 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 CARTMELL FOUNDATION 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 CARTMELL FOUNDATION INC?
The 990 for the year ended June 30, 2025 names DAVID BARNARD.
Who are the officers and directors of CARTMELL FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does CARTMELL FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,219,138, expenses of $1,662,169 and total assets of $23,956,609 at year end.

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