Civic Intelligence

The Ezrah Charitable Trust

EIN 81-2608588 • Charlotte, NC

5970 Fairview Road 705Charlotte, NC 28210
Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

$250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

7th percentile

0.00x

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

$250M-$1B nonprofits • Source year 2024

Net Margin

89th percentile

46%

Higher net margin than 89% of similar nonprofits.

$250M-$1B nonprofits • Source year 2024

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

$250M-$1B nonprofits • Source year 2021

Asset Growth

39th percentile

3.0%

Faster asset growth than 39% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

29%

Faster revenue growth than 80% of similar nonprofits.

$250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$498,336,397

Up $14,655,061 (+3.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$498,336,397

Up $14,655,061 (+3.0%) from 2023

Revenue

Up

$37,813,223

Up $8,471,076 (+29%) from 2023

Expenses

Up

$20,388,388

Up $10,861,294 (+114%) from 2023

Net Income

Down

$17,424,835

Down $2,390,218 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2017: $15,665,909Liabilities 2017: $725,000Net Assets 2017: $14,940,9092017Assets 2019: $217,556,072Liabilities 2019: $02019Assets 2020: $259,414,844Liabilities 2020: $0Net Assets 2020: $259,414,8442020Assets 2021: $449,425,515Liabilities 2021: $0Net Assets 2021: $449,425,5152021Assets 2022: $463,851,090Liabilities 2022: $0Net Assets 2022: $463,851,0902022Assets 2023: $483,681,336Liabilities 2023: $0Net Assets 2023: $483,681,3362023Assets 2024: $498,336,397Liabilities 2024: $0Net Assets 2024: $498,336,3972024

Highlighted filing

2024

Assets$498,336,397
Liabilities$0
Net Assets$498,336,397

Operations Trend

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

$400M$300M$200M$100M$0Revenue 2017: $6,449,262Expenses 2017: $225,076Net Income 2017: $6,224,1862017Revenue 2019: $8,439,371Expenses 2019: $1,641,851Net Income 2019: $6,797,5202019Revenue 2020: $89,054,665Expenses 2020: $12,283,763Net Income 2020: $76,770,9022020Revenue 2021: $316,101,045Expenses 2021: $19,711,443Net Income 2021: $296,389,6022021Revenue 2022: $59,394,348Expenses 2022: $17,115,772Net Income 2022: $42,278,5762022Revenue 2023: $29,342,147Expenses 2023: $9,527,094Net Income 2023: $19,815,0532023Revenue 2024: $37,813,223Expenses 2024: $20,388,388Net Income 2024: $17,424,8352024

Highlighted filing

2024

Revenue$37,813,223
Expenses$20,388,388
Net Income$17,424,835

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Executive DirectorFT$252,000$4,476$256,476
-TrusteePT$0--
Filing and Contact Details

Filer

Filer Name
The Ezrah Charitable Trust
EIN
81-2608588
Phone
9807010934
Address
5970 FAIRVIEW ROAD 705, CHARLOTTE, NC 28210

Signing Officer

Name
David Cohen
Title
Trustee
Signed
2025-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Ernst & Young US Llp
Address
835 N COLLEGE AVENUE, INDIANAPOLIS, IN 46202
Preparer
Jennifer D Rhoderick
Phone
3176817000
Raw XML AppendixShowing 400 of 1,362 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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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt42023-06-30
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt62022-06-30
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt72023-06-30
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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt92024-09-09
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt102023-06-30
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt112023-06-30
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/GrantDt122022-06-30
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt0SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt1SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt2SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt3SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt4SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt5SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt6SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt7SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt8SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt9SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt10SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt11SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/PurposeOfGrantTxt12SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt0SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt1SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt2SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt3SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt4SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt5SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt6SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt7SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt8SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt9SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt10SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt11SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/ResultsOfVerificationTxt12SEE GENERAL EXPLANATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt02025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt12025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt22025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt32025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt42025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt52025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt62025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt72025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt82025-05-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt92025-05-30
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt102025-06-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt112025-06-23
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/VerificationDt122024-10-18
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc0Form 990-PF, Part VI, Section B Line 5d
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc1Form 990-PF, Part VI, Section B Line 5d
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc2Form 990-PF, Part VI, Section B Line 5d
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc3Form 990-PF, Part VI, Section B Line 5d
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc4Form 990-PF, Part VI, Section B Line 5d
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0During calendar year 2024, Ezrah Charitable Trust ("ECT") made an equity investment in Enza Capital LP ("Enza") which ECT has classified as a program related investment ("PRI"). Enza makes debt and equity investments in private businesses that provide infrastructure, technology, health and education improvements in Africa with a focus on mass accessibility, especially by impoverished populations. The investment in Enza is one in which: 1. The primary purpose is to accomplish one or more of the exempt purposes of ECT, 2. Production of income or appreciation of property is not a significant purpose, and 3. Influencing legislation or taking part in political campaigns on behalf of candidates is not a purpose. ECT and Enza have agreed and documented that ECT has expenditure responsibility over its equity investment in Enza. As part of that agreement, ECT's investment in Enza was made subject to a written agreement signed by an appropriate officer, director, or trustee of Enza, dated May 1, 2019. Further, Enza has committed: 1. To use all amounts received from ECT only for the purposes of the investment and to repay any amount not used for those purposes, 2. To submit, at least once a year, a full and complete financial report of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the investment, 3. To keep adequate books and records and to make them available to the private foundation at reasonable times, and 4. Not to use any of the funds to carry on propaganda, influence legislation, influence the outcome of any public elections, carry on voter registration drives, or, when the recipient is a private foundation, to make grants that do not comply with the requirements regarding grants to individuals or expenditure responsibility. During 2024, ECT's equity investments in Enza totaled $429,882 as described further below. ECT maintained expenditure responsibility over the use of those funds. ECT regularly met, and continues to meet, with Enza, typically on a quarterly basis. In addition to providing detail of expenditures and making all records available to ECT, Enza delivered a 2024 annual report on 5/12/2025. Enza further provided audited financial statements, dated 5/21/2025. Expenditures from ECT's capital investment have been validated by the annual report and audited financial statements. To the knowledge of Ezrah Charitable Trust, no portion of its equity investment has been used for any purpose other than the intended purpose, and ECT has verified the Enza reports to confirm the same. Further, Enza has confirmed, specifically, that none of the funds contributed by ECT were used to carry on propaganda, influence legislation, influence the outcome of any public elections, or carry on voter registration drives.
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt1During calendar year 2024, Ezrah Charitable Trust ("ECT") made an equity investment in Enza Growth Capital LP ("Enza Growth") which ECT has classified as a program related investment ("PRI"). Enza Growth makes debt and equity investments in private businesses that provide infrastructure, technology, health and education improvements in Africa with a focus on mass accessibility, especially by impoverished populations. The investment in Enza Growth is one in which: 1. The primary purpose is to accomplish one or more of the exempt purposes of ECT, 2. Production of income or appreciation of property is not a significant purpose, and 3. Influencing legislation or taking part in political campaigns on behalf of candidates is not a purpose. ECT and Enza Growth have agreed and documented that ECT has expenditure responsibility over its equity investment in Enza Growth. As part of that agreement, ECT's investment in Enza Growth was made subject to a written agreement signed by an appropriate officer, director, or trustee of Enza Growth, dated September 9, 2024. Further, Enza Growth has committed: 1. To use all amounts received from ECT only for the purposes of the investment and to repay any amount not used for those purposes, 2. To submit, at least once a year, a full and complete financial report of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the investment, 3. To keep adequate books and records and to make them available to the private foundation at reasonable times, and 4. Not to use any of the funds to carry on propaganda, influence legislation, influence the outcome of any public elections, carry on voter registration drives, or, when the recipient is a private foundation, to make grants that do not comply with the requirements regarding grants to individuals or expenditure responsibility. During 2024, ECT's equity investments in Enza Growth totaled $900,000 as described further below. ECT maintained expenditure responsibility over the use of those funds. ECT regularly met, and continues to meet, with Enza Growth, typically on a quarterly basis. In addition to providing detail of expenditures and making all records available to ECT, Enza Growth delivered a 2024 annual report on 5/12/2025. Enza Growth further provided audited financial statements, dated 5/21/2025. Expenditures from ECT's capital investment have been validated by the annual report and audited financial statements. To the knowledge of Ezrah Charitable Trust, no portion of its equity investment has been used for any purpose other than the intended purpose, and ECT has verified the Enza Growth reports to confirm the same. Further, Enza Growth has confirmed, specifically, that none of the funds contributed by ECT were used to carry on propaganda, influence legislation, influence the outcome of any public elections, or carry on voter registration drives.
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt2During calendar year 2024, Ezrah Charitable Trust ("ECT") made an equity investment in Enza Capital II LP ("Enza II") which ECT has classified as a program related investment ("PRI"). Enza II makes debt and equity investments in private businesses that provide infrastructure, technology, health and education improvements in Africa with a focus on mass accessibility, especially by impoverished populations. The investment in Enza II is one in which: 1. The primary purpose is to accomplish one or more of the exempt purposes of ECT, 2. Production of income or appreciation of property is not a significant purpose, and 3. Influencing legislation or taking part in political campaigns on behalf of candidates is not a purpose. ECT and Enza II have agreed and documented that ECT has expenditure responsibility over its equity investment in Enza II. As part of that agreement, ECT's investment in Enza II was made subject to a written agreement signed by an appropriate officer, director, or trustee of Enza II, dated June 3, 2022. Further, Enza II has committed: 1. To use all amounts received from ECT only for the purposes of the investment and to repay any amount not used for those purposes, 2. To submit, at least once a year, a full and complete financial report of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the investment, 3. To keep adequate books and records and to make them available to the private foundation at reasonable times, and 4. Not to use any of the funds to carry on propaganda, influence legislation, influence the outcome of any public elections, carry on voter registration drives, or, when the recipient is a private foundation, to make grants that do not comply with the requirements regarding grants to individuals or expenditure responsibility. During 2024, ECT's equity investments in Enza II totaled $930,425 as described further below. ECT maintained expenditure responsibility over the use of those funds. ECT regularly met, and continues to meet, with Enza II, typically on a quarterly basis. In addition to providing detail of expenditures and making all records available to ECT, Enza II delivered a 2024 annual report on 4/02/2025. Enza II further provided audited financial statements, dated 5/21/2025. Expenditures from ECT's capital investment have been validated by the annual report and audited financial statements. To the knowledge of Ezrah Charitable Trust, no portion of its equity investment has been used for any purpose other than the intended purpose, and ECT has verified the Enza II reports to confirm the same. Further, Enza II has confirmed, specifically, that none of the funds contributed by ECT were used to carry on propaganda, influence legislation, influence the outcome of any public elections, or carry on voter registration drives.
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt3During calendar year 2022, Ezrah Charitable Trust ("ECT") made an equity investment in BXS Group Limited ("BXS") which ECT has classified as a program related investment ("PRI"). BXS creates buildings through end to end design and construction process which uses local materials and promotes opportunities for women. The investment in BXS is one in which: 1. The primary purpose is to accomplish one or more of the exempt purposes of ECT, 2. Production of income or appreciation of property is not a significant purpose, and 3. Influencing legislation or taking part in political campaigns on behalf of candidates is not a purpose. ECT and BXS have agreed and documented that ECT has expenditure responsibility over its equity investment in BXS. As part of that agreement, ECT's investment in BXS was made subject to a written agreement signed by an appropriate officer, director, or trustee of BXS, dated December 21, 2021. Further, BXS has committed: 1. To use all amounts received from ECT only for the purposes of the investment and to repay any amount not used for those purposes, 2. To submit, at least once a year, a full and complete financial report of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the investment, 3. To keep adequate books and records and to make them available to the private foundation at reasonable times, and 4. Not to use any of the funds to carry on propaganda, influence legislation, influence the outcome of any public elections, carry on voter registration drives, or, when the recipient is a private foundation, to make grants that do not comply with the requirements regarding grants to individuals or expenditure responsibility. During 2022, ECT's equity investments in BXS totaled $508,762. ECT maintained expenditure responsibility over the use of those funds. ECT regularly met, and continued to meet, with BXS, typically on a quarterly basis, until ECT was notified on August 15, 2025 that BXS was no longer a viable operating entity. In addition to providing detail of expenditures and making all records available to ECT, BXS provided unaudited financial statements, dated 7/29/2024 (reviewed on 8/21/25). Expenditures from ECT's capital investment were validated by previous annual reports and unaudited financial statements. BXS did not provide the latest annual report required by its expenditure responsibility agreement because all meaningful activities ceased in 2023 and there was nothing to report in 2024. ECT has no reason to believe there has been a diversion of funds. Instead, based on discussion with BXS regarding their current financial situation, The Ezrah Charitable Trust believed that BXS had become insolvent and would ultimately be wound down, which was confirmed via email on 8/15/2025. The Ezrah Charitable Trust withholds all future payments to PRI recipients who do not comply with reporting requirements, but there are no further payments due to BXS under this PRI or any other agreement. To the knowledge of Ezrah Charitable Trust, no portion of its equity investment has been used for any purpose other than the intended purpose, and ECT has verified the BXS reports to confirm the same. Further, BXS has confirmed, specifically, that none of the funds contributed by ECT were used to carry on propaganda, influence legislation, influence the outcome of any public elections, or carry on voter registration drives.
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt4During calendar year 2023, The Ezrah Charitable Trust ("ECT") made a loan to Smart Havens Africa Limited ("Smart Haven Africa") which ECT has classified as a program related investment ("PRI"). Smart Havens Africa provides an affordable pathway to home ownership for low-income families and empowers these families by providing dignified and affordable housing. It also provides employment at a livable wage for young women and men involved in the construction of smart, affordable homes. The loan to Smart Havens Africa is one in which: 1. The primary purpose is to accomplish one or more of the exempt purposes of ECT, 2. Production of income or appreciation of property is not a significant purpose, and 3. Influencing legislation or taking part in political campaigns on behalf of candidates is not a purpose. ECT and Smart Havens Africa have agreed and documented that ECT has expenditure responsibility over its loan to Smart Havens Africa. As part of that agreement, ECT's loan to Smart Havens Africa was made subject to a written agreement signed by an appropriate officer, director, or trustee of Smart Havens Africa, dated August 1, 2023. Further, Smart Havens Africa has committed: 1. To use all amounts received from ECT only for the purposes of the loan and to repay any amount not used for those purposes, 2. To submit, at least once a year, a full and complete financial report of the type ordinarily required by commercial investors under similar circumstances and a statement that it has complied with the terms of the loan, 3. To keep adequate books and records and to make them available to the private foundation at reasonable times, and 4. Not to use any of the funds to carry on propaganda, influence legislation, influence the outcome of any public elections, carry on voter registration drives, or, when the recipient is a private foundation, to make grants that do not comply with the requirements regarding grants to individuals or expenditure responsibility. During 2024, ECT made no additional loan to Smart Havens Africa. ECT maintained expenditure responsibility for the 2023 outstanding loan, despite those funds being fully expended in 2023. ECT regularly met, and continues to meet, with Smart Havens Africa, typically on a quarterly basis. In addition to providing detail of expenditures and making all records available to ECT, Smart Havens Africa delivered a 2024 annual report on 6/23/2025. Smart Havens Africa further provided draft financial statements, dated 6/23/2025. Expenditures from ECT's 2023 capital investment were validated by the 2024 annual report and financial statements. To the knowledge of Ezrah Charitable Trust, no portion of its loan has been used for any purpose other than the intended purpose, and ECT has verified the Smart Havens Africa reports to confirm the same. Further, Smart Havens Africa has confirmed, specifically, that none of the funds contributed by ECT were used to carry on propaganda, influence legislation, influence the outcome of any public elections, or carry on voter registration drives.
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