Civic Intelligence

Foundation for the Charlotte Jewish

EIN 31-1501858 • 501(c)3 • Charlotte, NC

Profile

To advance philanthropy through education and to raise permanent charitable resources to improve and strengthen the quality of jewish life.

220 North Tryon StreetCharlotte, NC 28202

n/A

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

0.26x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

40th percentile

1.6%

Higher net margin than 40% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

25th percentile

$305,316

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-7.8%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$228,590,465

Up $21,628,129 (+10%) from 2023

Liabilities

Up

$3,058,152

Up $504,619 (+20%) from 2023

Net Assets

Up

$225,532,313

Up $21,123,510 (+10%) from 2023

Revenue

Down

$11,727,916

Down $989,023 (-7.8%) from 2023

Expenses

Up

$11,535,913

Up $1,061,997 (+10%) from 2023

Net Income

Down

$192,003

Down $2,051,020 (-91%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2019: $159,399,995Liabilities 2019: $4,433,612Net Assets 2019: $154,966,3832019Assets 2020: $177,299,338Liabilities 2020: $4,712,697Net Assets 2020: $172,586,6412020Assets 2021: $211,438,737Liabilities 2021: $3,518,209Net Assets 2021: $207,920,5282021Assets 2022: $179,664,537Liabilities 2022: $3,401,011Net Assets 2022: $176,263,5262022Assets 2023: $206,962,336Liabilities 2023: $2,553,533Net Assets 2023: $204,408,8032023Assets 2024: $228,590,465Liabilities 2024: $3,058,152Net Assets 2024: $225,532,3132024

Highlighted filing

2024

Assets$228,590,465
Liabilities$3,058,152
Net Assets$225,532,313

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2019: $10,248,600Expenses 2019: $12,706,150Net Income 2019: -$2,457,5502019Revenue 2020: $15,856,553Expenses 2020: $15,657,672Net Income 2020: $198,8812020Revenue 2021: $25,663,220Expenses 2021: $10,717,011Net Income 2021: $14,946,2092021Revenue 2022: $11,018,110Expenses 2022: $12,434,567Net Income 2022: -$1,416,4572022Revenue 2023: $12,716,939Expenses 2023: $10,473,916Net Income 2023: $2,243,0232023Revenue 2024: $11,727,916Expenses 2024: $11,535,913Net Income 2024: $192,0032024

Highlighted filing

2024

Revenue$11,727,916
Expenses$11,535,913
Net Income$192,003

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$11,727,916
Mission and Program Overview

Mission

To advance philanthropy through education and to raise permanent charitable resources to improve and strengthen the quality of jewish life.

The administration and maintenance of existing endowments to support the future of charlotte's jewish community and assistance in the development of new endowment opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$206,030,388$228,438,825▲ $22,408,437
Accounts Receivable$829,672$0▼ $829,672
Savings and Temporary Cash Investments$3,667$53,031▲ $49,364
Total Assets$206,962,336$228,590,465▲ $21,628,129
Other Assets Total$98,609$98,609→ $0
Liabilities
Grants Payable$2,553,433$3,020,898▲ $467,465
Accounts Payable and Accrued Expenses$100$37,254▲ $37,154
Total Liabilities$2,553,533$3,058,152▲ $504,619
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$158,356,668$174,655,412▲ $16,298,744
Net Assets With Donor Restrictions$46,052,135$50,876,901▲ $4,824,766
Total Net Assets Fund Balance$204,408,803$225,532,313▲ $21,123,510
Total Liabilities and Net Assets / Fund Balance$206,962,336$228,590,465▲ $21,628,129

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,517,943--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$43,310,355$1,343,625▲ $4,800,264$2,415$48,023,539
2023$39,807,512$285,437▲ $5,167,300$2,415$43,310,355
2022$47,199,112$814,858▼ $6,207,770$2,415$39,807,512
2021$41,623,223$2,010,741▲ $5,336,079$2,415$47,199,112
2020$37,619,089$710,020▲ $4,424,078$2,415$41,623,223
Compensation and Service Providers

Board Members and Trustees

NameTitle
IRS SlomkaChair
Stephen PhilipsonImmediate Past Chair
Philip StarkVice Chair
Annie LordDirector
Brian KahnDirector
Fred DumasDirector
Gary StarrDirector
Harry SparksDirector
Jon MassachiDirector
Jonathan HowardDirector
Kevin LevineDirector
Mark LernerDirector
Sharyn HandelsmanDirector
Teresa BrennerDirector
Wendy PakeDirector
Alyssa FedericoCFO
Elise KosofskySecretary
Douglas W BensonSenior VP, General Counsel
David CantorTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Foundation For The CarolinasAdministrative220 NORTH TRYON STREET, Charlotte, NC 28202$356,509
Revenue and Support

Revenue Composition

Contributions and Grants
$9,042,860
Program Service Revenue
$878,362
Investment Income
$1,806,694
Other Revenue
$0
All Other Contributions
$3,371,853
Change in Net Assets
$192,003

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded45$1,350,496Fair Market Value (FMV) on Date of Gift
Total Noncash Contributions45$1,350,496-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,344,748
Other Expenses$2,191,165
Total Fundraising Expense$85,674
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,344,748--$9,344,748
Fees for Services Other$558,660$642,540$48,878$1,250,078
Fees for Service Investment Mgmnt Fees$237,923$273,646$20,816$532,385
Advertising$4,189$4,818$366$9,373
Fees for Services Accounting$2,778$3,195$243$6,216
Payment Travel Entrtnmnt Publicly Ofcl$2,678$3,081$234$5,993
All Other Expenses$2,109$2,424$184$4,717
Office Expenses$186$216$17$419
Other Expenses$159$182$14$355
Total Functional Expenses$10,323,980$1,126,259$85,674$11,535,913
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jewish Federation of Greater CharlotteCharlotte, NC501(c)(3)Charitable Gift$2,167,468
Discovery Place IncCharlotte, NC501(c)(3)Charitable Gift$1,000,000
Sandra and Leon Levine Jewish Community CenterCharlotte, NC501(c)(3)Charitable Gift$693,904
United Way of Greater Charlotte IncCharlotte, NC501(c)(3)Charitable Gift$527,500
Temple Beth ElCharlotte, NC501(c)(3)Charitable Gift$377,957
University of ChicagoChicago, IL501(c)(3)Charitable Gift$270,000
Temple IsraelCharlotte, NC501(c)(3)Charitable Gift$264,600
Charlotte Jewish Day School IncCharlotte, NC501(c)(3)Charitable Gift$242,875
Atrium Health FoundationCharlotte, NC501(c)(3)Charitable Gift$212,100
Relatives IncCharlotte, NC501(c)(3)Charitable Gift$200,000
American Israel Education Foundation IncWashington, DC501(c)(3)Charitable Gift$186,000
Jewish Family Services of Greater Charlotte IncCharlotte, NC501(c)(3)Charitable Gift$186,000
American Jewish Joint Distribution Committee IncNew York, NY501(c)(3)Charitable Gift$168,000
Foundation of Shalom Park IncCharlotte, NC501(c)(3)Charitable Gift$160,100
Merkos Linyonei Chinuch Lubavitch of North Carolina IncCharlotte, NC501(c)(3)Charitable Gift$135,618
Israel Guide Dog Center for the BlindWarrington, PA501(c)(3)Charitable Gift$106,000
Unc - Chapel Hill Arts & Sciences FoundationChapel Hill, NC501(c)(3)Charitable Gift$105,000
American Red CrossBoone, IA501(c)(3)Charitable Gift$100,000
Queens University of CharlotteCharlotte, NC501(c)(3)Charitable Gift$90,000
Chabad of Durham IncChapel Hill, NC501(c)(3)Charitable Gift$68,000
Francis Parker SchoolSan Diego, CA501(c)(3)Charitable Gift$65,000
Isidore Newman SchoolNew Orleans, LA501(c)(3)Charitable Gift$55,000
Penland School of Craft IncPenland, NC501(c)(3)Charitable Gift$50,000
Ramah Darom IncAtlanta, GA501(c)(3)Charitable Gift$48,500
CROHN'S & COLITIS FOUNDATION OF AMERICA INCNew York, NY501(c)(3)Charitable Gift$42,000
Charlotte Country Day SchoolCharlotte, NC501(c)(3)Charitable Gift$41,000
R Bruce Irons Camp Fund Dba WayfindersCharlotte, NC501(c)(3)Charitable Gift$41,000
Hopeway FoundationCharlotte, NC501(c)(3)Charitable Gift$40,000
Charlotte Symphony Orchestra Society IncCharlotte, NC501(c)(3)Charitable Gift$35,000
La Jolla Country Day SchoolLa Jolla, CA501(c)(3)Charitable Gift$35,000
Animal League of Gaston CountyGastonia, NC501(c)(3)Charitable Gift$32,000
Nourish UpCharlotte, NC501(c)(3)Charitable Gift$31,667
Chautauqua Institution IncChautauqua, NY501(c)(3)Charitable Gift$30,000
Jewish Book Council IncNew York, NY501(c)(3)Charitable Gift$30,000
North Carolina HillelChapel Hill, NC501(c)(3)Charitable Gift$30,000
North Carolina Performing Arts Center FoundationCharlotte, NC501(c)(3)Charitable Gift$25,897
Florence Griswold MuseumOld Lyme, CT501(c)(3)Charitable Gift$25,000
Institute for Philanthropic LeadershipCharlotte, NC501(c)(3)Charitable Gift$25,000
North Carolina Outward Bound SchoolAsheville, NC501(c)(3)Charitable Gift$25,000
Unc - Chapel Hill (kenan-flagler Business School)Chapel Hill, NC501(c)(3)Charitable Gift$25,000
Zabs PlaceMatthews, NC501(c)(3)Charitable Gift$25,000
Greensboro Jewish Federation Guilford Corporate ParkGreensboro, NC501(c)(3)Charitable Gift$22,166
Mint MuseumCharlotte, NC501(c)(3)Charitable Gift$20,000
Visart IncCharlotte, NC501(c)(3)Charitable Gift$20,000
Beth David SynagogueGreensboro, NC501(c)(3)Charitable Gift$18,000
Chabad Lubavitch of Greensboro IncGreensboro, NC501(c)(3)Charitable Gift$18,000
HADASSAH THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA INCNew York, NY501(c)(3)Charitable Gift$18,000
Remember Niger CoalitionHolland, MI501(c)(3)Charitable Gift$18,000
Fletcher School IncCharlotte, NC501(c)(3)Charitable Gift$15,000
International Ocd Foundation IncBoston, MA501(c)(3)Charitable Gift$15,000
Jewish Family Service of San DiegoSan Diego, CA501(c)(3)Charitable Gift$15,000
Roof Above IncCharlotte, NC501(c)(3)Charitable Gift$15,000
Susan G Komen Breast Cancer Foundation IncDallas, TX501(c)(3)Charitable Gift$15,000
Jewish National FundRockville Centre, NY501(c)(3)Charitable Gift$12,200
JANE'S FUNDCharlotte, NC501(c)(3)Charitable Gift$11,118
Uptown Chabad of CharlotteCharlotte, NC501(c)(3)Charitable Gift$11,000
1859 FoundationDeerfield, IL501(c)(3)Charitable Gift$10,000
Carolina Abortion FundRaleigh, NC501(c)(3)Charitable Gift$10,000
Charlotte Center for Legal Advocacy IncCharlotte, NC501(c)(3)Charitable Gift$10,000
Charlotte Film SocietyCharlotte, NC501(c)(3)Charitable Gift$10,000
Fuqua School of BusinessDurham, NC501(c)(3)Charitable Gift$10,000
Hospice and Palliative Care Charlotte RegionCharlotte, NC501(c)(3)Charitable Gift$10,000
Impactisrael IncNeedham, MA501(c)(3)Charitable Gift$10,000
Kinder-mourn IncCharlotte, NC501(c)(3)Charitable Gift$10,000
North Carolina Veterinary Medical Foundation IncRaleigh, NC501(c)(3)Charitable Gift$10,000
Planned Parenthood South AtlanticRaleigh, NC501(c)(3)Charitable Gift$10,000
President & Trustees of Colby CollegeWaterville, ME501(c)(3)Charitable Gift$10,000
Providence Day SchoolCharlotte, NC501(c)(3)Charitable Gift$10,000
Safe Alliance IncCharlotte, NC501(c)(3)Charitable Gift$10,000
Skechers FoundationManhattan Beach, CA501(c)(3)Charitable Gift$10,000
Stand for Animals Veterinary ClinicCharlotte, NC501(c)(3)Charitable Gift$10,000
Teach for America - CharlotteSan Francisco, CA501(c)(3)Charitable Gift$10,000
Teen Health Connection IncCharlotte, NC501(c)(3)Charitable Gift$10,000
Washington & Lee UniversityLexington, VA501(c)(3)Charitable Gift$10,000
Kahal Kadosh Beth ElohimCharleston, SC501(c)(3)Charitable Gift$8,690
Presbyterian Hospital Foundation Dba Novant Health FoundationCharlotte, NC501(c)(3)Charitable Gift$8,458
Meals on Wheels of Rowan IncSalisbury, NC501(c)(3)Charitable Gift$8,000
Catawba Lands ConservancyCharlotte, NC501(c)(3)Charitable Gift$7,500
Northeastern UniversityBoston, MA501(c)(3)Charitable Gift$7,500
Carolina Youth CoalitionCharlotte, NC501(c)(3)Charitable Gift$6,000
Moishe HouseCharlotte, NC501(c)(3)Charitable Gift$5,500
Opera CarolinaCharlotte, NC501(c)(3)Charitable Gift$5,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The board of trustees is comprised of eighteen members. One trustee is appointed by the chief executive office of foundation for the carolinas. Nine members are nominated by 9 representative institutions outlined in the bylaws for foundation for the charlotte jewish community. The nominees from the representative organizations are reviewed and approved by the chief executive officer of foundation for the carolinas. The remaining eight representatives are elective positions, selected by a nominating committee to represent the jewish community of greater charlotte, regardless of their affiliation with a respective representative institution.

Form 990, Part VI, Section B, Line 11B

A copy of the final form 990, absent schedule b, is sent electronically to each voting board member prior to filing. The return is open for discussion at the next board meeting closest to the filing date. Schedule b is redacted to preserve the confidentiality to the foundation's donors.

Form 990, Part VI, Section B, Line 12C

Board members annually complete a conflict of interest form in compliance with foundation for the carolinas (supported organization) ethics policy. Fftc staff collects and maintains the forms annually, and monitors the process.

Form 990, Part VI, Section C, Line 19

Foundation for the charlotte jewish community's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Foundation for the Charlotte Jewish
EIN
31-1501858
Phone
7049734500
Address
220 NORTH TRYON STREET, CHARLOTTE, NC 28202

Signing Officer

Name
Alyssa Federico
Title
CFO
Phone
7049734500
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alyssa Federico
Formed
1998
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Melanie Mcpeak
Phone
7043771678
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative fees: program service expenses 558,660. Management and general expenses 642,540. Fundraising expenses 48,878. Total expenses 1,250,078.

Financial Statement Notes

PART V, LINE 4:

Spendable income from endowed funds is used annually to provide support to many charitable organizations. Income can be designated for specific programs or projects, or can be used as general operating support. The percentage reported for permanent endowments includes amounts that must be maintained in perpetuity as well as accumulated earnings on such amounts that have not yet been appropriated for expenditure.

PART X, LINE 2:

The foundation and its supporting organizations are exempt from federal income tax under the provisions of section 501(c)(3) of the irc. In accordance with irc regulations, the foundation is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the foundation. The foundation accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the foundation believes that they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. The foundation has evaluated all its tax positions and determined that it had no uncertain income tax positions as of december 31, 2024 or 2023.

Raw XML AppendixShowing 400 of 1,584 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1IRS SLOMKA
IRS990/Form990PartVIISectionAGrp/PersonNm2PHILIP STARK
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID CANTOR
IRS990/Form990PartVIISectionAGrp/PersonNm4ELISE KOSOFSKY
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHEN PHILIPSON
IRS990/Form990PartVIISectionAGrp/PersonNm6TERESA BRENNER
IRS990/Form990PartVIISectionAGrp/PersonNm7FRED DUMAS
IRS990/Form990PartVIISectionAGrp/PersonNm8SHARYN HANDELSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9JONATHAN HOWARD
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IRS990/Form990PartVIISectionAGrp/PersonNm11MARK LERNER
IRS990/Form990PartVIISectionAGrp/PersonNm12KEVIN LEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm13ANNIE LORD
IRS990/Form990PartVIISectionAGrp/PersonNm14JON MASSACHI
IRS990/Form990PartVIISectionAGrp/PersonNm15WENDY PAKE
IRS990/Form990PartVIISectionAGrp/PersonNm16HARRY SPARKS
IRS990/Form990PartVIISectionAGrp/PersonNm17GARY STARR
IRS990/Form990PartVIISectionAGrp/PersonNm18ALYSSA FEDERICO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SENIOR VP, GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CFO
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IRS990/MissionDesc0TO ADVANCE PHILANTHROPY THROUGH EDUCATION AND TO RAISE PERMANENT CHARITABLE RESOURCES TO IMPROVE AND STRENGTHEN THE QUALITY OF JEWISH LIFE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION: DISTRIBUTED 368 GRANTS TO ORGANIZATIONS TO SUPPORT EDUCATION EFFORTS FROM PRESCHOOL TO HIGHER EDUCATION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ARTS, CULTURE & HUMANITIES: DISTRIBUTED 83 GRANTS TO VARIOUS ORGANIZATIONS TO SUPPORT PROGRAMS IN ARTS, CULTURE & HUMANITIES.
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