Civic Intelligence

Childrens Scholarship Fund Charlotte

EIN 51-0462802 • 501(c)3 • Charlotte, NC

Profile

The family impact fund provides tuition assistance to children from low-income families for high-quality early education and child care, helping parents to maximize their employment or continue their education.

220 North Tryon StreetCharlotte, NC 28202

www.familyimpactfund.org

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 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

4th percentile

-627%

Higher net margin than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$102,990

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 68.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-37%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $929,665 (-100%) from 2019

Liabilities

Down

$0

Down $1,107 (-100%) from 2019

Net Assets

Down

$0

Down $928,558 (-100%) from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin4th percentile

Revenue

Down

$149,457

Down $86,106 (-37%) from 2019

Expenses

Up

$1,086,478

Up $656,061 (+152%) from 2019

Net Income

Down

-$937,021

Down $742,167 (-381%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $226,818Net Assets 2011: $226,8182011Assets 2012: $554,533Liabilities 2012: $164Net Assets 2012: $554,3692012Assets 2013: $653,477Liabilities 2013: $0Net Assets 2013: $653,4772013Assets 2014: $749,990Liabilities 2014: $0Net Assets 2014: $749,9902014Assets 2015: $938,884Liabilities 2015: $2,740Net Assets 2015: $936,1442015Assets 2016: $1,167,062Liabilities 2016: $8,620Net Assets 2016: $1,158,4422016Assets 2017: $1,191,415Liabilities 2017: $549Net Assets 2017: $1,190,8662017Assets 2018: $1,108,197Liabilities 2018: $1,833Net Assets 2018: $1,106,3642018Assets 2019: $929,665Liabilities 2019: $1,107Net Assets 2019: $928,5582019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth24th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $126,529Expenses 2011: $79,849Net Income 2011: $46,6802011Revenue 2012: $1,213,175Expenses 2012: $885,679Net Income 2012: $327,4962012Revenue 2013: $922,865Expenses 2013: $824,125Net Income 2013: $98,7402013Revenue 2014: $947,579Expenses 2014: $851,235Net Income 2014: $96,3442014Revenue 2015: $1,079,411Expenses 2015: $893,443Net Income 2015: $185,9682015Revenue 2016: $1,009,338Expenses 2016: $788,515Net Income 2016: $220,8232016Revenue 2017: $808,514Expenses 2017: $782,246Net Income 2017: $26,2682017Revenue 2018: $496,984Expenses 2018: $595,784Net Income 2018: -$98,8002018Revenue 2019: $235,563Expenses 2019: $430,417Net Income 2019: -$194,8542019Revenue 2020: $149,457Expenses 2020: $1,086,478Net Income 2020: -$937,0212020

Highlighted filing

2020

Revenue$149,457
Expenses$1,086,478
Net Income-$937,021
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$149,457
Expenses
$1,086,478
Net income
-$937,021
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.15$1.09$0.94
2019Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.24$0.43$0.19
2018Summary only. Only limited summary data is available for this year.$1.11$0.00$1.11$0.50$0.60$0.10
2017Summary only. Only limited summary data is available for this year.$1.19$0.00$1.19$0.81$0.78$0.03
2016Summary only. Only limited summary data is available for this year.$1.17$0.01$1.16$1.01$0.79$0.22
2015Summary only. Only limited summary data is available for this year.$0.94$0.00$0.94$1.08$0.89$0.19
2014Summary only. Only limited summary data is available for this year.$0.75$0.00$0.75$0.95$0.85$0.10
2013Summary only. Only limited summary data is available for this year.$0.65$0.00$0.65$0.92$0.82$0.10
2012Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$1.21$0.89$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.23$0.13$0.08$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 22, 2021
Return Version
2019v5.1
Gross Receipts
$149,457
Mission and Program Overview

Mission

The family impact fund provides tuition assistance to children from low-income families for high-quality early education and child care, helping parents to maximize their employment or continue their education.

Family impact fund provides access for economically disadvantaged children to experience high-quality, full-day/year-round education and child care which will posetively impact their school readiness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$898,282$0▼ $898,282
Cash and Non-Interest-Bearing Accounts$31,383$0▼ $31,383
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Loans From Officers Directors-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$929,665$0▼ $929,665
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,107$0▼ $1,107
Grants Payable-$0-
Mortgage Notes Payable Secured by Investment Property-$0-
Unsecured Notes Loans Payable-$0-
Other Liabilities-$0-
Deferred Revenue-$0-
Escrow Account Liability-$0-
Tax Exempt Bond Liabilities-$0-
Total Liabilities$1,107$0▼ $1,107
Net Assets / Fund Balance
Net Assets With Donor Restrictions$928,558$0▼ $928,558
Total Net Assets Fund Balance$928,558$0▼ $928,558
Total Liabilities and Net Assets / Fund Balance$929,665$0▼ $929,665
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleOtherTotal
Ann Barnes RobertsonExecutive Director$102,990$102,990

Board Members and Trustees

NameTitle
Linda IbsenChair
Anna GlassMember
Charles WatsonMember
Ct AndersonMember
Fola OnifadeMember
Karen KnobleMember
Matthew TilleyMember
Pearson PendergrassMember
Ryan LeakMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Foundation For The CarolinasAdministration220 N TRYON STREET, Charlotte, NC 28202$145,676
Revenue and Support

Revenue Composition

Contributions and Grants
$148,865
Program Service Revenue
$0
Investment Income
$592
Other Revenue
$0
All Other Contributions
$148,865
Change in Net Assets
$-937,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$914,595
Other Expenses$171,883
Total Fundraising Expense$6,703
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$914,595--$914,595
Fees for Services Other$70,300$80,853$6,149$157,302
Fees for Services Accounting$2,912$3,350$255$6,517
Occupancy$1,967$2,263$172$4,402
Advertising$899$1,034$79$2,012
Other Expenses$340$391$30$761
Fees for Service Investment Mgmnt Fees-$451-$451
All Other Expenses$132$152$12$296
Office Expenses$52$60$5$117
Conferences and Meetings$11$13$1$25
Total Functional Expenses$991,208$88,567$6,703$1,086,478
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation for the CarolinasCharlotte, NC501(c)3Scholarship Program$773,920
Thompsons Child & Family FocusMatthews, NC501(c)3Scholarship Program$69,607
CHILDREN'S SCHOLARSHIP FUNDNew York, NY501(c)3Scholarship Program$68,068
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 right to appoint a majority of the directors is vested exclusively in foundation for the carolinas.”

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

“An electronic copy of the final form 990 is distributed to each voting member prior to filing. The return is available for discussion at the next board meeting closest to the filing date.”

Form 990, Part VI, Section C, Line 19

“Family impact fund makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Family Impact Fund
EIN
51-0462802
Phone
7049734500
Address
220 NORTH TRYON STREET, CHARLOTTE, NC 28202

Signing Officer

Name
Ann Barnes Robertson
Title
Executive Director
Phone
7049734500
Signed
2021-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Barnes Robertson
Formed
2003
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Amanda Adams
Phone
7043771678
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Administrative fees : program service expenses 70,300. Management and general expenses 80,853. Fundraising expenses 6,149. Total expenses 157,302.”

Financial Statement Notes

PART X, LINE 2:

“The foundation for the carolinas 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, 2019 or 2018.”

Raw XML AppendixShowing 400 of 513 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/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FAMILY IMPACT FUND PROVIDES TUITION ASSISTANCE TO CHILDREN FROM LOW-INCOME FAMILIES FOR HIGH-QUALITY EARLY EDUCATION AND CHILD CARE, HELPING PARENTS TO MAXIMIZE THEIR EMPLOYMENT OR CONTINUE THEIR EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0928558
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0247
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0247
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt08463
IRS990/NoncashContributionsAmt04000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0172
IRS990/OccupancyGrp/ManagementAndGeneralAmt02263
IRS990/OccupancyGrp/ProgramServicesAmt01967
IRS990/OccupancyGrp/TotalAmt04402
IRS990/OfficeExpensesGrp/FundraisingAmt05
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt060
IRS990/OfficeExpensesGrp/ProgramServicesAmt052
IRS990/OfficeExpensesGrp/TotalAmt0117
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DUES
IRS990/OtherExpensesGrp/FundraisingAmt030
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0391
IRS990/OtherExpensesGrp/ProgramServicesAmt0340
IRS990/OtherExpensesGrp/TotalAmt0761
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ANN BARNES ROBERTSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0236993
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0223043
IRS990/PYInvestmentIncomeAmt010877
IRS990/PYOtherExpensesAmt0207374
IRS990/PYOtherRevenueAmt0-12307
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-194854
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0430417
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0235563
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-937021
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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/SupportNonSupportedOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FAMILY IMPACT FUND PROVIDES GRANTS TO ELIGIBLE 501(C)(3) CHARITABLE ORGANIZATIONS WHOSE ACTIVITIES OR PROGRAMS DIRECTLY SUPPORT THE MISSIONS OF FOUNDATION FOR THE CAROLINAS AND FAMILY IMPACT FUND.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 6:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566047886
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0FOUNDATION FOR THE CAROLINAS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOR THE CAROLINAS 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, 2019 OR 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt068068
IRS990ScheduleI/RecipientTable/CashGrantAmt169607
IRS990ScheduleI/RecipientTable/CashGrantAmt2773920
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIP PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SCHOLARSHIP PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHILDREN'S SCHOLARSHIP FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THOMPSONS CHILD & FAMILY FOCUS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FOUNDATION FOR THE CAROLINAS
IRS990ScheduleI/RecipientTable/RecipientEIN0134002189
IRS990ScheduleI/RecipientTable/RecipientEIN1560547460
IRS990ScheduleI/RecipientTable/RecipientEIN2566047886
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08 WEST 38TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16800 ST PETERS LANE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2220 NORTH TRYON STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MATTHEWS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0100186229
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd228202
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE DISTRIBUTED TO CHILDREN'S SCHOLARSHIP FUND IN NEW YORK AND THEN AWARDED TO QUALIFIED ACADEMIC INSTITUTIONS FOR STUDENTS WHO MEET THE PROGRAM'S SPECIFIED CRITERIA, INCLUDING RESIDENCE IN CHARLOTTE AND/OR MECKLENBURG COUNTY, ATTENDANCE IN K-8, QUALIFICATION FOR FEDERAL FREE AND REDUCED MEAL PROGRAM, AND ENTERING KINDERGARTEN OR TRANSFERRING FROM A PUBLIC SCHOOL. GRANTS ARE AWARDED ANNUALLY AND ALL STUDENTS MUST RE-QUALIFY EACH YEAR TO CONTINUE FUNDING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH DISTRIBUTED
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0THOMPSON CHILD & FAMILY FOCUS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0560547460
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt069607
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt06800 ST PETERS LANE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0MATTHEWS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0281058458
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RIGHT TO APPOINT A MAJORITY OF THE DIRECTORS IS VESTED EXCLUSIVELY IN FOUNDATION FOR THE CAROLINAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ELECTRONIC COPY OF THE FINAL FORM 990 IS DISTRIBUTED TO EACH VOTING MEMBER PRIOR TO FILING. THE RETURN IS AVAILABLE FOR DISCUSSION AT THE NEXT BOARD MEETING CLOSEST TO THE FILING DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FAMILY IMPACT FUND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADMINISTRATIVE FEES : PROGRAM SERVICE EXPENSES 70,300. MANAGEMENT AND GENERAL EXPENSES 80,853. FUNDRAISING EXPENSES 6,149. TOTAL EXPENSES 157,302.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B

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