Liabilities / Assets
3rd percentile
Higher debt load relative to assets than 3% of similar nonprofits.
The Crosland Foundation
EIN 56-6557259 • 501(c)3 • Charlotte, NC
Profile
The mission of the crosland foundation is to create a perpetual charitable legacy through the devotion and application of its assets exclusively for the benefit of, to perform the functions of and to carry out the purposes (cont on schedule o)
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
5th percentile
Higher debt load relative to revenue than 5% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
69th percentile
Faster asset growth than 69% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Balance Sheet
Assets
Up$129,014,425
Up $12,803,249 (+11%) from 2023
Liabilities
Up$8,318
Up $5,918 (+247%) from 2023
Net Assets
Up$129,006,107
Up $12,797,331 (+11%) from 2023
Revenue
Down$1,113,591
Down $88,916,141 (-99%) from 2023
Expenses
Up$2,373,236
Up $725,164 (+44%) from 2023
Net Income
Down-$1,259,645
Down $89,641,305 (-101%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $129,014,425
- Liabilities
- $8,318
- Net assets
- $129,006,107
- Revenue
- $1,113,591
- Expenses
- $2,373,236
- Net income
- -$1,259,645
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 31, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $1,115,818
Mission and Program Overview
Mission
The mission of the crosland foundation is to create a perpetual charitable legacy through the devotion and application of its assets exclusively for the benefit of, to perform the functions of and to carry out the purposes (cont on schedule o)
SEE ATTACHMENT 1
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $98,909,737 | $110,877,503 | ▲ $11,967,766 |
| Investments in Publicly Traded Securities | $17,286,913 | $17,999,336 | ▲ $712,423 |
| Cash and Non-Interest-Bearing Accounts | $14,526 | $137,586 | ▲ $123,060 |
| Total Assets | $116,211,176 | $129,014,425 | ▲ $12,803,249 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $2,400 | $8,318 | ▲ $5,918 |
| Total Liabilities | $2,400 | $8,318 | ▲ $5,918 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $116,208,776 | $129,006,107 | ▲ $12,797,331 |
| Total Net Assets Fund Balance | $116,208,776 | $129,006,107 | ▲ $12,797,331 |
| Total Liabilities and Net Assets / Fund Balance | $116,211,176 | $129,014,425 | ▲ $12,803,249 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $245,714 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2024 | $116,208,776 | $0 | ▲ $12,830,237 | $1,421,657 | $126,665,777 |
| 2023 | $16,715,980 | $89,120,407 | ▲ $12,020,460 | $800,086 | $116,208,776 |
| 2022 | $18,919,963 | $1,967,410 | ▲ $2,821,908 | $214,287 | $16,715,980 |
| 2021 | $17,488,396 | $400,294 | ▲ $2,261,980 | $226,403 | $18,919,963 |
| 2020 | $6,394,550 | $10,131,868 | ▲ $1,708,757 | $180,072 | $17,488,396 |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| Adelaide Belk Martin | Trustee | $4,500 | $4,500 |
| Courtauld Young | Trustee | $4,500 | $4,500 |
| James C Burbank | Trustee | $4,500 | $4,500 |
| Boris Henderson | Trustee | $3,000 | $3,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Douglas W Ey Jr | Trustee |
| Dr Hunter Dyer | Trustee |
| Elizabeth Kiser | Trustee |
| James Merrifield | Trustee |
| Jamie Mclawhorn | Trustee |
| John Crosland Iii | Trustee |
| Robert E Mason Iv | Trustee |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $1,113,591
- Other Revenue
- $0
- Change in Net Assets
- $-1,259,645
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,403,266 |
| Grants and Similar Amounts Paid | $951,579 |
| Salaries, Compensation, and Employee Benefits | $18,391 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | - | $1,050,000 | - | $1,050,000 |
| Grants to Domestic Orgs | $951,579 | - | - | $951,579 |
| Fees for Services Management | - | $253,242 | - | $253,242 |
| Fees for Service Investment Mgmnt Fees | - | $57,786 | - | $57,786 |
| Fees for Services Accounting | - | $37,671 | - | $37,671 |
| Current Officers, Directors, Trustees, and Key Employees | - | $18,391 | - | $18,391 |
| Insurance | - | $2,591 | - | $2,591 |
| Office Expenses | - | $1,263 | - | $1,263 |
| Fees for Services Legal | - | $713 | - | $713 |
| Total Functional Expenses | $951,579 | $1,421,657 | $0 | $2,373,236 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Protestant Episcopal High School of Va | Alexandria, VA | 501(c)(3) | See Part Iv | $142,737 |
| The John Crosland School | Charlotte, NC | 501(c)(3) | See Part Iv | $100,000 |
| Davidson College | Davidson, NC | 501(c)(3) | See Part Iv | $95,158 |
| Foundation for the Carolinas | Charlotte, NC | 501(c)(3) | See Part Iv | $95,158 |
| Charlotte Family Housing | Charlotte, NC | 501(c)(3) | See Part Iv | $50,000 |
| Habitat for Humanity | Charlotte, NC | 501(c)(3) | See Part Iv | $50,000 |
| Roof Above Inc | Charlotte, NC | 501(c)(3) | See Part Iv | $50,000 |
| Ywca of the Central Carolinas | Charlotte, NC | 501(c)(3) | See Part Iv | $50,000 |
| Crossroads Corporation for Affordable Housing and Community | Charlotte, NC | 501(c)(3) | See Part Iv | $45,000 |
| Crisis Assistance Ministry | Charlotte, NC | 501(c)(3) | See Part Iv | $25,000 |
| Davidson Community Foundation | Davidson, NC | 501(c)(3) | See Part Iv | $25,000 |
| Relatives Inc | Charlotte, NC | 501(c)(3) | See Part Iv | $25,000 |
| Renaissance West Community Initiative | Charlotte, NC | 501(c)(3) | See Part Iv | $25,000 |
| Salvation Army - Charlotte | Charlotte, NC | 501(c)(3) | See Part Iv | $25,000 |
| Supportive Housing Communities | Charlotte, NC | 501(c)(3) | See Part Iv | $25,000 |
| West Side Community Land Trust | Charlotte, NC | 501(c)(3) | See Part Iv | $25,000 |
| Charlotte Neuroscience Foundation | Charlotte, NC | 501(c)(3) | See Part Iv | $21,763 |
| Charlotte Mecklenburg Housing Partnership | Charlotte, NC | 501(c)(3) | See Part Iv | $15,000 |
| Local Initiatives Support Corporation | New York, NY | 501(c)(3) | See Part Iv | $15,000 |
| Lotus Campaign Inc | Charlotte, NC | 501(c)(3) | See Part Iv | $15,000 |
| Parkinson Association of the Carolinas | Charlotte, NC | 501(c)(3) | See Part Iv | $11,763 |
| Allegro Foundation | Charlotte, NC | 501(c)(3) | See Part Iv | $10,000 |
| Hope Haven Inc | Charlotte, NC | 501(c)(3) | See Part Iv | $10,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- 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
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 8B
“The organization does not have committees with authority to act on behalf of the governing body.”
Form 990, Part VI, Section B, Line 11B
“The tax return was discussed with board members at board meeting and circulated electronically. No changes were deemed necessary.”
Form 990, Part VI, Section B, Line 12C
“Board members annually complete a conflict of interest form, in compliance with national standards for community foundations and under fftc's ethics policy. Fftc staff collects the annual forms, maintains the forms, and monitors the process.”
Form 990, Part VI, Section C, Line 19
“Upon request, the organization will make available to the public its governing documents, conflict of interest policy, and financial statements.”
Filing and Contact Details
Filer
- Filer Name
- The Crosland Foundation
- EIN
- 56-6557259
- Phone
- 7049734557
- Address
- 220 N TRYON STREET, CHARLOTTE, NC 28202
Signing Officer
- Name
- Douglas W Ey Jr
- Title
- Trustee
- Phone
- 7049734557
- Signed
- 2025-10-31
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Douglas W Ey Jr
- Formed
- 2000
- Legal Domicile
- Nc
- Voting Board Members
- 11
- Independent Board Members
- 9
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Pwc US Tax Llp
- Address
- 214 NORTH TRYON ST STE 4200, CHARLOTTE, NC 28202-2366
- Preparer
- Laura Safrit
- Phone
- 7043447500
Supplemental Narrative
Additional Explanations
Other Program Services
“Part iii question 4d grant to various organizations as listed on schedule i part ii”
(continued From Part III, Line 1)
“Of its primary supported organizations, including episcopal high school of virginia, davidson college, and foundation for the carolinas, and of other secondary supported organizations, by engaging in charitable activities or by giving contributions or grants to those organizations in an effort to make a difference in the communities touched by these organizations, with particular focuses on (i) the establishment and continued support or revitalization of processes and programs designed to enable educational institutions to identify, support and assist students with learning disabilities, (ii) educational assistance to children/students who are otherwise underprivileged or generally underserved in their early childhood educational pursuits, (iii) the support of organizations that seek to provide affordable housing for less fortunate individuals and families, alleviate homelessness and advocate for related efforts, (iv) the support of organizations or centers at educational institutions engaged in research and education on, and encouraging practical and innovative approaches to, complex urban policy concerns, as well as real estate development, research and education, and (v) medical research aimed at the prevention and treatment of life threatening or debilitating diseases, including support for awareness, education and research concerning parkinson's disease, alzheimer's disease or other dementia related diseases or disorders and for research to find a cure for such diseases or disorders.”
Process for Determining Compensation
“Part vi question 15a-b the crosland foundation does not have current employees, therefore no policy is currently necessary.”
Financial Statement Notes
Intended Uses of Endowment Funds
“Schedule d, part v, line 4 see mission statement”
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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/LocalChaptersInd | 0 | 0 |
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| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE MISSION OF THE CROSLAND FOUNDATION IS TO CREATE A PERPETUAL CHARITABLE LEGACY THROUGH THE DEVOTION AND APPLICATION OF ITS ASSETS EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES (CONT ON SCHEDULE O) |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 129006107 |
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| IRS990/OtherExpensesGrp/Desc | 0 | FEDERAL INCOME TAX - UB |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1050000 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1050000 |
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| IRS990/PrincipalOfficerNm | 0 | DOUGLAS W EY JR |
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| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 1 | 560529961 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 2 | 566047886 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 1 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 2 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 2 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 2 | 7 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 142737 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 1 | 95158 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 1 | DAVIDSON COLLEGE |
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| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 126665777 |
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| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 116208776 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 847985 |
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| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 2821908 |
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| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 17488396 |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | INVESTMENTS - PARTNERSHIPS |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | HOUSING IMPACT FUND II |
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| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | SCHEDULE D, PART V, LINE 4 SEE MISSION STATEMENT |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 21763 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 4 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 5 | 45000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 6 | 95158 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 7 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 8 | 95158 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 9 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 10 | 10000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 11 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 12 | 15000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 13 | 11763 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 14 | 142737 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 15 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 16 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 17 | 50000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 18 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 19 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 20 | 100000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 21 | 25000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 22 | 50000 |
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| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 4 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 5 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 6 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 7 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 8 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 9 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 10 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 11 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 12 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 13 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 14 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 15 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 16 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 17 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 18 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 19 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 20 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 21 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 22 | 501(C)(3) |
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| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 5 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 6 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 7 | 0 |
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| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 10 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 11 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 12 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 13 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 14 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 15 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 16 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 17 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 18 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 19 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 20 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 21 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 22 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 0 | N/A |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc | 1 | N/A |
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