Large Asset Reserves
CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Carter Center's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| The Carter Center | IRS Form 990 | 58-1454716 |
| The Carter Center Collaborative | IRS Form 990 | 20-5704991 |
| The Carter Center & Subsidiary | Audited Consolidated Financial Statements | multiple |
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Entity: The Carter Center Document Type: IRS Form 990 Tax ID: 58-1454716 |
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Entity: The Carter Center Collaborative Document Type: IRS Form 990 Tax ID: 20-5704991 |
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Entity: The Carter Center & Subsidiary Document Type: Audited Consolidated Financial Statements Tax ID: multiple |
Governance & Transparency
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Mary Ann Peters | Past CEO | $414,095 |
| 2 | Craig Withers | VP, Overseas Operations | $296,805 |
| 3 | Phillip J. Wise, Jr. | VP, Operations | $281,638 |
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1 Name: Mary Ann Peters Title: Past CEO Compensation: $414,095 |
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2 Name: Craig Withers Title: VP, Overseas Operations Compensation: $296,805 |
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3 Name: Phillip J. Wise, Jr. Title: VP, Operations Compensation: $281,638 |
Analysts' Notes
According to The Carter Center consolidated audit of August 31, 2021 (Note 9, In-Kind Gifts), the Center received in-kind donated goods and services in fiscal 2021 on which it placed a total value of $204,450,299. Of this total, $203,860,578 consisted of donated medication. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to The Carter Center consolidated audit of August 31, 2021 (Note 14, Related-Party Transactions): "Emory University provides certain administrative functions to the Center, including, but not limited to, payroll administration, investment management, information technology, and legal services. The Center paid Emory University $638,557 during both the years ended August 31, 2021 and 2020, respectively, for the provision of these services. "Emory University made unrestricted contributions to the Center of $753,904 and $753,911, respectively, for the years ended August 31, 2021 and 2020. In addition, CCEU [Carter Center of Emory University, a department of EU] made unrestricted contributions to CCI [the Center], primarily related to endowment earnings at CCEU, of $468,592 during each of the years ended August 31, 2021 and 2020, respectively."
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According to The Carter Center consolidated audit of August 31, 2021 (Note 2(p) re: COVID-19): "The novel coronavirus (COVID-19) global pandemic has affected many of the countries in which the Center operates. Starting in March 2020, interruptions in business and government operations in these countries have impacted the Center's planned programming to varying degrees based on the nature of each program. Travel has been severely limited both internationally and within each country. "The Center has taken strong measures to protect its staff, program partners and beneficiaries from the effects of COVID-19, including office closures, required social distancing, adherence to local government requirements, and other general health and safety measures. "Institutional donors have played an important role by granting the Center increased flexibility with their awards through time extensions and budget adjustments. These adjustments, along with additional internal resources, have allowed the Center to maintain its programmatic footprint to continue providing services and be in position to resume full capacity when it is safe to do so." |