Civic Intelligence

Charlotte'S Finest Legacy

EIN 27-1601370 • 501(c)3 • Charlotte, NC

Profile

The mission of the charlotte's finest legacy foundation is to provide underprivileged youth with the opportunity to pursue a career in law enforcement through the aid of a college scholarship program. The charlotte's finest legacy foundation was establisined to provide the youth of charlotte, nc and mecklenburg county with the freedom to continiue their education past high school. The charlotte's finest legacy foundation is the result of a collaborative effort designed to honor the memory of charlotte's fallen heroes by furthering their legacy through the pursiut of higher education.

PO Box 34742Charlotte, NC 28234

www.charlottesfinestlegacy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

29th percentile

-11%

Higher net margin than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

51st percentile

-1.0%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

-16%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$151,108

Down $1,517 (-1.0%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$151,108

Down $1,517 (-1.0%) from 2020

Operations
Liabilities / RevenueScore unavailableNet Margin29th percentile

Revenue

Down

$13,612

Down $2,538 (-16%) from 2020

Expenses

Up

$15,139

Up $4,411 (+41%) from 2020

Net Income

Down

-$1,527

Down $6,949 (-128%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2013: $44,739Net Assets 2013: $44,7392013Assets 2014: $53,341Net Assets 2014: $53,3412014Assets 2015: $67,671Net Assets 2015: $67,6712015Assets 2016: $101,159Net Assets 2016: $101,1592016Assets 2017: $120,330Net Assets 2017: $120,3302017Assets 2018: $134,327Net Assets 2018: $134,3272018Assets 2019: $147,203Net Assets 2019: $147,2032019Assets 2020: $152,625Net Assets 2020: $152,6252020Assets 2021: $151,108Net Assets 2021: $151,1082021

Highlighted filing

2021

Assets$151,108
Liabilities-
Net Assets$151,108
Open 2021 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2013: $8,494Expenses 2013: $13,497Net Income 2013: -$5,0032013Revenue 2014: $17,655Expenses 2014: $9,053Net Income 2014: $8,6022014Revenue 2015: $80,362Expenses 2015: $66,032Net Income 2015: $14,3302015Revenue 2016: $85,367Expenses 2016: $51,879Net Income 2016: $33,4882016Revenue 2017: $105,062Expenses 2017: $85,891Net Income 2017: $19,1712017Revenue 2018: $76,137Expenses 2018: $62,140Net Income 2018: $13,9972018Revenue 2019: $89,832Expenses 2019: $76,956Net Income 2019: $12,8762019Revenue 2020: $16,150Expenses 2020: $10,728Net Income 2020: $5,4222020Revenue 2021: $13,612Expenses 2021: $15,139Net Income 2021: -$1,5272021

Highlighted filing

2021

Revenue$13,612
Expenses$15,139
Net Income-$1,527
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$151,108
Liabilities
-
Net assets
$151,108
Revenue
$13,612
Expenses
$15,139
Net income
-$1,527
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.51$1.51$0.14$0.15$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.53$1.53$0.16$0.11$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.47$1.47$0.90$0.77$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.34$1.34$0.76$0.62$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.20$1.20$1.05$0.86$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.01$1.01$0.85$0.52$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.68$0.80$0.66$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.53$0.53$0.18$0.09$0.09
2013Detailed filing. Detailed filing data is available for this year.$0.45$0.45$0.08$0.13$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 7, 2023
Return Version
2021v4.0
Gross Receipts
$13,612
Mission and Program Overview

Mission

The mission of the charlotte's finest legacy foundation is to provide underprivileged youth with the opportunity to pursue a career in law enforcement through the aid of a college scholarship program. The charlotte's finest legacy foundation was establisined to provide the youth of charlotte, nc and mecklenburg county with the freedom to continiue their education past high school. The charlotte's finest legacy foundation is the result of a collaborative effort designed to honor the memory of charlotte's fallen heroes by furthering their legacy through the pursiut of higher education.

Program Services

DescriptionGrantsExpenses
SCHOLARSHIPS TO PROMOTE LAW ENFORSEMENT.-$15,139
SCHOLARSHIPS TO PROMOTE LAW ENFORSEMENT.--
SCHOLARSHIPS TO PROMOTE LAW ENFORSEMENT.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUSAN MANASSAHExecutive Di-$0--
JIM GILLILANDChief Operat-$0--
KATIE SCHWARTZChief Inform-$0--
TAYLOR WRENNChief Revenu-$0--
ADAM JONESChief Financ-$0--
Filing and Contact Details

Filer

Filer Name
CHARLOTTE'S FINEST LEGACY
EIN
27-1601370
Phone
7048063970
Address
PO BOX 34742, CHARLOTTE, NC 28234

Signing Officer

Name
Susan Manassah
Title
Executive Director
Phone
7048063970
Signed
2023-09-07
Discuss with paid preparer
Yes

Preparer

Firm
Cannon Tax & Accounting Inc
Address
2108 SOUTH BLVD STE 200, CHARLOTTE, NC 28203
Preparer
Edward H Cannon Ii
Phone
7048492199
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses equipment rental 804 event meals 1,321 event supplies 555 fuel 33 jerseys 2,950 lodging 3,514 postage 9 program expenses 923 reimbursed expense 30 schlorships 5,000 total 15,139”

Form 990-ez, Part III

“The mission of the charlotte's finest legacy foundation is to provide underprivileged youth with the opportunity to pursue a career in law enforcement through the aid of a college scholarship program. The charlotte's finest legacy foundation was establisined to provide the youth of charlotte, nc and mecklenburg county with the freedom to continiue their education past high school. The charlotte's finest legacy foundation is the result of a collaborative effort designed to honor the memory of charlotte's fallen heroes by furthering their legacy through the pursiut of higher education.”

Form 990-ez, Part III, Line 31

“Scholarships to promote law enforsement.”

Raw XML Appendix133 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CHARLOTTE'S FINEST LEGACY FOUNDATIO
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0CHARLOTTE'S FINEST LEGACY FOUNDATIO
IRS990EZ/BooksInCareOfDetail/PhoneNum07048063970
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0601 E TRADE SATEET
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0601 E TRADE STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028234
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0152635
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IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1527
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0152635
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0151108
IRS990EZ/GrossReceiptsAmt013612
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0152635
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0151108
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0152635
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0151108
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SUSAN MANASSAH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JIM GILLILAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KATIE SCHWARTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TAYLOR WRENN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ADAM JONES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHIEF OPERAT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHIEF INFORM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHIEF REVENU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CHIEF FINANC
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt015139
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE CHARLOTTE'S FINEST LEGACY FOUNDATION IS TO PROVIDE UNDERPRIVILEGED YOUTH WITH THE OPPORTUNITY TO PURSUE A CAREER IN LAW ENFORCEMENT THROUGH THE AID OF A COLLEGE SCHOLARSHIP PROGRAM. THE CHARLOTTE'S FINEST LEGACY FOUNDATION WAS ESTABLISINED TO PROVIDE THE YOUTH OF CHARLOTTE, NC AND MECKLENBURG COUNTY WITH THE FREEDOM TO CONTINIUE THEIR EDUCATION PAST HIGH SCHOOL. THE CHARLOTTE'S FINEST LEGACY FOUNDATION IS THE RESULT OF A COLLABORATIVE EFFORT DESIGNED TO HONOR THE MEMORY OF CHARLOTTE'S FALLEN HEROES BY FURTHERING THEIR LEGACY THROUGH THE PURSIUT OF HIGHER EDUCATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SCHOLARSHIPS TO PROMOTE LAW ENFORSEMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SCHOLARSHIPS TO PROMOTE LAW ENFORSEMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2SCHOLARSHIPS TO PROMOTE LAW ENFORSEMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt015139
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt015139
IRS990EZ/TotalProgramServiceExpensesAmt015139
IRS990EZ/TotalRevenueAmt013612
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.CHARLOTTESFINESTLEGACY.COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt013612
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt016150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt089832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt076137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0105062
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt013612
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0105062
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0300793
IRS990ScheduleA/TotalSupportAmt0300793
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES EQUIPMENT RENTAL 804 EVENT MEALS 1,321 EVENT SUPPLIES 555 FUEL 33 JERSEYS 2,950 LODGING 3,514 POSTAGE 9 PROGRAM EXPENSES 923 REIMBURSED EXPENSE 30 SCHLORSHIPS 5,000 TOTAL 15,139
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MISSION OF THE CHARLOTTE'S FINEST LEGACY FOUNDATION IS TO PROVIDE UNDERPRIVILEGED YOUTH WITH THE OPPORTUNITY TO PURSUE A CAREER IN LAW ENFORCEMENT THROUGH THE AID OF A COLLEGE SCHOLARSHIP PROGRAM. THE CHARLOTTE'S FINEST LEGACY FOUNDATION WAS ESTABLISINED TO PROVIDE THE YOUTH OF CHARLOTTE, NC AND MECKLENBURG COUNTY WITH THE FREEDOM TO CONTINIUE THEIR EDUCATION PAST HIGH SCHOOL. THE CHARLOTTE'S FINEST LEGACY FOUNDATION IS THE RESULT OF A COLLABORATIVE EFFORT DESIGNED TO HONOR THE MEMORY OF CHARLOTTE'S FALLEN HEROES BY FURTHERING THEIR LEGACY THROUGH THE PURSIUT OF HIGHER EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS TO PROMOTE LAW ENFORSEMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN MANASSAH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07048063970
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARLOTTE'S FINEST LEGACY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0271601370
ReturnHeader/Filer/PhoneNum07048063970
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 34742
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028234
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272872355
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANNON TAX & ACCOUNTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02108 SOUTH BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028203
ReturnHeader/PreparerPersonGrp/PhoneNum07048492199
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD H CANNON II
ReturnHeader/ReturnTs02023-12-20T15:23:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0USUAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MANASSAH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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