Civic Intelligence

Community Investments Foundation

990 • Fiscal year 2016 • EIN 45-6930128

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileNone
220 N Tryon StreetCharlotte, NC 28202

(704) 973-4500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

3rd percentile

0.00x

Higher debt load relative to revenue than 3% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

97th percentile

68%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

24th percentile

$275,692

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

99th percentile

172%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

544%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$106,599,917

Up $67,368,453 (+172%) from 2015

Net Assets

Up

$106,430,658

Up $67,465,018 (+173%) from 2015

Liabilities

Down

$169,259

Down $96,565 (-36%) from 2015

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin97th percentile

Revenue

Up

$99,766,542

Up $84,274,078 (+544%) from 2015

Expenses

Up

$32,301,524

Up $18,274,323 (+130%) from 2015

Net Income

Up

$67,465,018

Up $65,999,755 (+4504%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2012: $34,967,632Liabilities 2012: $217,608Net Assets 2012: $34,750,0242012Assets 2013: $50,313,414Liabilities 2013: $228,276Net Assets 2013: $50,085,1382013Assets 2014: $37,675,524Liabilities 2014: $175,147Net Assets 2014: $37,500,3772014Assets 2015: $39,231,464Liabilities 2015: $265,824Net Assets 2015: $38,965,6402015Assets 2016: $106,599,917Liabilities 2016: $169,259Net Assets 2016: $106,430,6582016Assets 2017: $58,803,765Liabilities 2017: $202,505Net Assets 2017: $58,601,2602017Assets 2018: $60,699,266Liabilities 2018: $169,316Net Assets 2018: $60,529,9502018Assets 2019: $64,298,775Liabilities 2019: $148,306Net Assets 2019: $64,150,4692019Assets 2020: $74,225,623Liabilities 2020: $135,738Net Assets 2020: $74,089,8852020Assets 2021: $101,933,737Liabilities 2021: $99,979Net Assets 2021: $101,833,7582021Assets 2022: $85,159,904Liabilities 2022: $131,106Net Assets 2022: $85,028,7982022Assets 2023: $77,458,068Liabilities 2023: $140,084Net Assets 2023: $77,317,9842023Assets 2024: $68,814,677Liabilities 2024: $271,608Net Assets 2024: $68,543,0692024

Highlighted filing

2016

Assets$106,599,917
Liabilities$169,259
Net Assets$106,430,658
Open 2016 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MRevenue 2012: $35,738,390Expenses 2012: $988,366Net Income 2012: $34,750,0242012Revenue 2013: $19,727,478Expenses 2013: $5,577,096Net Income 2013: $14,150,3822013Revenue 2014: $19,296,302Expenses 2014: $31,873,681Net Income 2014: -$12,577,3792014Revenue 2015: $15,492,464Expenses 2015: $14,027,201Net Income 2015: $1,465,2632015Revenue 2016: $99,766,542Expenses 2016: $32,301,524Net Income 2016: $67,465,0182016Revenue 2017: $38,549,119Expenses 2017: $86,378,192Net Income 2017: -$47,829,0732017Revenue 2018: $24,295,790Expenses 2018: $22,367,100Net Income 2018: $1,928,6902018Revenue 2019: $25,390,624Expenses 2019: $21,770,105Net Income 2019: $3,620,5192019Revenue 2020: $28,053,991Expenses 2020: $18,791,172Net Income 2020: $9,262,8192020Revenue 2021: $21,788,464Expenses 2021: $20,921,475Net Income 2021: $866,9892021Revenue 2022: $20,489,868Expenses 2022: $18,805,485Net Income 2022: $1,684,3832022Revenue 2023: $18,964,117Expenses 2023: $25,547,982Net Income 2023: -$6,583,8652023Revenue 2024: $16,512,191Expenses 2024: $25,261,721Net Income 2024: -$8,749,5302024

Highlighted filing

2016

Revenue$99,766,542
Expenses$32,301,524
Net Income$67,465,018
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$99,947,597
Mission and Program Overview

Mission

Community Investments Foundation (CIF) receives and manages gifts of business interests or other unique assets, until they can be liquidated, with the proceeds used in support of various charitable organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,046,789$15,698,517▼ $348,272
Investments Other Securities$11,393,026$10,993,027▼ $399,999
Other Notes and Loans Receivable, Net$1,200,000$2,664,627▲ $1,464,627
Savings and Temporary Cash Investments$0$1,348,809▲ $1,348,809
Investments in Publicly Traded Securities$1,619,845$1,094,798▼ $525,047
Pledges and Grants Receivable$408,000$324,000▼ $84,000
Accounts Receivable$89,077$78,377▼ $10,700
Inventories for Sale or Use$8,626$31,552▲ $22,926
Total Assets$39,231,464$106,599,917▲ $67,368,453
Other Assets Total$8,466,101$74,366,210▲ $65,900,109
Liabilities
Accounts Payable and Accrued Expenses$265,824$169,259▼ $96,565
Total Liabilities$265,824$169,259▼ $96,565
Net Assets / Fund Balance
Temporarily Rstr Net Assets$37,221,050$88,847,584▲ $51,626,534
Unrestricted Net Assets$151,691$16,390,178▲ $16,238,487
Permanently Rstr Net Assets$1,592,899$1,192,896▼ $400,003
Total Net Assets Fund Balance$38,965,640$106,430,658▲ $67,465,018
Total Liabilities and Net Assets / Fund Balance$39,231,464$106,599,917▲ $67,368,453

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,427,539$1,690,925$14,118,464
Land$3,232,800-$3,232,800
Equipment$38,178$6,990$45,168
Other Assets Org$74,366,210--
Closely Held Equity Interests$10,993,027--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,649,375$0--$1,632,767
2015$2,069,893$-400,003--$1,649,375
2014$2,090,783$0--$2,069,893
2013$1,708,758$400,000--$2,090,783
2012$0$1,711,000--$1,708,758
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeOtherTotal
-Treasurer/SecretaryPT$275,692$275,692

Board Members and Trustees

NameTitle
Todd W MansfieldChair
W Barnes HauptfuhrerVice-Chair
Ruth G Shawdirector
Holly K WelchTrustee
Holly K WelchTreasurer/Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Foundation for the CarolinasAdministrative Fees220 North Tryon Street, Charlotte, NC 28202$746,879
Revenue and Support

Revenue Composition

Contributions and Grants
$96,436,696
Program Service Revenue
$0
Investment Income
$2,515,713
Other Revenue
$814,133
All Other Contributions
$96,036,696
Change in Net Assets
$67,465,018

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Secur Prtnrshp Trust Intrsts19$93,885,197Fair Market Value (FMV)
Securities Closely Held Stock3$2,076,499Fair Market Value (FMV)
Total Noncash Contributions22$95,961,696-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,872,207
Other Expenses$1,429,317
Total Fundraising Expense$151,965
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,872,207--$30,872,207
Fees for Services Other$268,205$398,512$80,364$747,081
Depreciation Depletion$132,015$196,055$39,557$367,627
Other Expenses$4,997$9,710$1,497$16,204
Fees for Service Investment Mgmnt Fees$5,720$8,495$1,714$15,929
Advertising-$13,353-$13,353
Occupancy$1,295$1,923$388$3,606
Fees for Services Accounting-$1,150-$1,150
Total Functional Expenses$31,379,373$770,186$151,965$32,301,524
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation For The CarolinasCharlotte, NC501(c)3Grantmaking$30,486,567
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 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

“Under the Foundation's trust agreement, the trustee (currently Community Real Property Holdings) appoints officers of the Foundation.”

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

“A copy of the final Form 990, without Schedule B attached, is distributed to each voting member of the Board prior to filing. The return is discussed at the next Board meeting closest to the filing date. The Board believes the redaction of schedule B prior to review is appropriate, in order to protect the confidentiality of the Foundation's donors.”

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

“A conflict of interest policy, in compliance with National Standards for community foundations and under Foundation For The Carolinas (supported organization) Ethics Policy, is distributed annually to all Board members. The policy requires each board member, whether new or returning, to specify potential conflicts of interest, such as vendor relationships or grant recipient relationships. In addition, at each meeting, board members are asked to disclose potential conflicts of interest. Upon disclosure of a conflict, a board member must conform to the terms of the policy.”

Form 990, Part VI, Section B, line 15

“CIF does not have any employees and therefore does not have a formal policy for determining compensation.”

Form 990, Part VI, Section C, line 19

“CIF makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Community Investments Foundation
EIN
45-6930128
Phone
7049734500
Address
220 N TRYON STREET, CHARLOTTE, NC 28202

Signing Officer

Name
Holly Welch Stubbing
Title
Secretary/treasurer
Phone
7049734500
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Holly Welch Stubbing
Formed
2012
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
1111 Metropolitan Ave Ste 1000, Charlotte, NC 28204
Preparer
Amanda Adams
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Foundation and its supporting foundations 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 of its positions and determined that it had no uncertain income tax positions as of December 31, 2016 and 2015.”

Part V Line 4

“Spendable income from endowed funds is used annually to provide support to Foundation for the Carolinas. Income can be designated for specific programs or projects, or can be used for general operating support.”

Raw XML AppendixShowing 400 of 570 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/OtherExpensesGrp/Desc1Taxes and Licensing
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IRS990/OtherExpensesGrp/FundraisingAmt11497
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0140988
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19710
IRS990/OtherExpensesGrp/ProgramServicesAmt094934
IRS990/OtherExpensesGrp/ProgramServicesAmt14997
IRS990/OtherExpensesGrp/TotalAmt0264367
IRS990/OtherExpensesGrp/TotalAmt116204
IRS990/OtherRevenueMiscGrp/BusinessCd0812900
IRS990/OtherRevenueMiscGrp/Desc0Facility and Event Income
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt036525
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt036525
IRS990/OtherRevenueTotalAmt036525
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01200000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02664627
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01592899
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01192896
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0408000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0324000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Holly Welch Stubbing
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012895340
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt012834561
IRS990/PYInvestmentIncomeAmt01963388
IRS990/PYOtherExpensesAmt01192640
IRS990/PYOtherRevenueAmt0633736
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01465263
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt014027201
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt015492464
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt067465018
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0400000
IRS990/RentalIncomeOrLossGrp/RealAmt0552558
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt074280
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01348809
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566047886
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt030872207
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Foundation For The Carolinas
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt030872207
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt012427539
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01690925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014118464
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt010993027
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt016608
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01649375
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01632767
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt020515
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02069893
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0-400003
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01649375
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt020890
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02090783
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02069893
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt017975
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01708758
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0400000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02090783
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02242
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01711000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01708758
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt038178
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045168
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt03232800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03232800
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt074366210
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Partnership interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.73060
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation and its supporting foundations 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 of its positions and determined that it had no uncertain income tax positions as of December 31, 2016 and 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Spendable income from endowed funds is used annually to provide support to Foundation for the Carolinas. Income can be designated for specific programs or projects, or can be used for general operating support.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.26940
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015698517
IRS990ScheduleD/TotalBookValueOtherAssetsAmt074366210
IRS990ScheduleD/TotalBookValueSecuritiesAmt010993027
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt030486567
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Grantmaking
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Foundation For The Carolinas
IRS990ScheduleI/RecipientTable/RecipientEIN0566047886
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0220 North Tryon Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Charlotte
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028202
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The foundation only makes grants to its supported organization. The close relationship between the organizations serves to monitor the use of the grant funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part 1 Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt045000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0184886
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt027664
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017496
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Holly K Welch
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer/Secretary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0275692
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Foundation For The Carolinas (supported organization) utilizes a compensation committee to review executive compensation on an annual basis. An independent consultant reviews all employee positions, using compensation surveys and other relevant data to provide recommended salary ranges for each position, including executive positions. Data provided by the independent consultant is reviewed by the compensation committee as part of the approval process.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/NoncashContributionsRptF990Amt02076499
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$106,599,917
Liabilities
$169,259
Net assets
$106,430,658
Revenue
$99,766,542
Expenses
$32,301,524
Net income
$67,465,018
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.8$0.27$68.5$16.5$25.3$8.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$77.5$0.14$77.3$19.0$25.5$6.58
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.2$0.13$85.0$20.5$18.8$1.68
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$0.10$102$21.8$20.9$0.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.2$0.14$74.1$28.1$18.8$9.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.3$0.15$64.2$25.4$21.8$3.62
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.7$0.17$60.5$24.3$22.4$1.93
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.8$0.20$58.6$38.5$86.4$47.8
2016Detailed filing. Detailed filing data is available for this year.$107$0.17$106$99.8$32.3$67.5
2015Detailed filing. Detailed filing data is available for this year.$39.2$0.27$39.0$15.5$14.0$1.47
2014Summary only. Only limited summary data is available for this year.$37.7$0.18$37.5$19.3$31.9$12.6
2013Summary only. Only limited summary data is available for this year.$50.3$0.23$50.1$19.7$5.58$14.2
2012Summary only. Only limited summary data is available for this year.$35.0$0.22$34.8$35.7$0.99$34.8
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