Civic Intelligence

Carolina Fintech Hub

EIN 82-2880690 • 501(c)6 • Charlotte, NC

Profile

The Carolina Fintech Hub is a non-profit organization comprised of finance and technology leadership in the Carolinas region focused on fostering the advancement of financial technology and talent in the region.

3320 Sharon RdCharlotte, NC 28211

www.carolinafintechhub.org

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

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

501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

12th percentile

0.00x

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

501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

2nd percentile

-70%

Higher net margin than 2% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

1st percentile

-88%

Faster asset growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-30%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$15,200

Down $88,123 (-85%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$15,200

Down $88,123 (-85%) from 2022

Operations
Liabilities / Revenue12th percentileNet Margin2nd percentile

Revenue

Down

$277,388

Down $805,214 (-74%) from 2022

Expenses

Down

$365,511

Down $1,476,599 (-80%) from 2022

Net Income

Up

-$88,123

Up $671,385 (+88%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth1st percentile

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

$1.0M$500K$0Assets 2017: $478,623Liabilities 2017: $0Net Assets 2017: $478,6232017Assets 2018: $813,237Liabilities 2018: $0Net Assets 2018: $813,2372018Assets 2019: $503,011Liabilities 2019: $0Net Assets 2019: $503,0112019Assets 2020: $826,759Liabilities 2020: $0Net Assets 2020: $826,7592020Assets 2021: $895,448Liabilities 2021: $32,617Net Assets 2021: $862,8312021Assets 2022: $103,323Liabilities 2022: $0Net Assets 2022: $103,3232022Assets 2023: $15,200Liabilities 2023: $0Net Assets 2023: $15,2002023

Highlighted filing

2023

Assets$15,200
Liabilities$0
Net Assets$15,200
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $520,100Expenses 2017: $41,477Net Income 2017: $478,6232017Revenue 2018: $955,100Expenses 2018: $620,486Net Income 2018: $334,6142018Revenue 2019: $910,000Expenses 2019: $1,220,226Net Income 2019: -$310,2262019Revenue 2020: $1,427,921Expenses 2020: $1,104,173Net Income 2020: $323,7482020Revenue 2021: $1,537,414Expenses 2021: $1,501,342Net Income 2021: $36,0722021Revenue 2022: $1,082,602Expenses 2022: $1,842,110Net Income 2022: -$759,5082022Revenue 2023: $277,388Expenses 2023: $365,511Net Income 2023: -$88,1232023

Highlighted filing

2023

Revenue$277,388
Expenses$365,511
Net Income-$88,123
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,200
Liabilities
$0
Net assets
$15,200
Revenue
$277,388
Expenses
$365,511
Net income
-$88,123
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.28$0.37$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.08$1.84$0.76
2021Detailed filing. Detailed filing data is available for this year.$0.90$0.03$0.86$1.54$1.50$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$1.43$1.10$0.32
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.91$1.22$0.31
2018Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.96$0.62$0.33
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.52$0.04$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$277,388
Mission and Program Overview

Mission

The Carolina Fintech Hub is a non-profit organization comprised of finance and technology leadership in the Carolinas region focused on fostering the advancement of financial technology and talent in the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$103,323$15,200▼ $88,123
Rtn Earn Endowment Incm Other Fnds$103,323$15,200▼ $88,123
Total Assets$103,323$15,200▼ $88,123
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$103,323$15,200▼ $88,123
Total Liabilities and Net Assets / Fund Balance$103,323$15,200▼ $88,123
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Tariq BokhariPresidentFT$250,000$250,000

Board Members and Trustees

NameTitle
David MatthewsDirector
Steve BoehmDirector
Vas KodaliDirector
John StoutengerSecretary and Director
Michael WallaceTreasurer and Director
Revenue and Support

Revenue Composition

Contributions and Grants
$277,388
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$277,388
Change in Net Assets
$-88,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$264,153
Other Expenses$101,358
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$250,000--$250,000
Fees for Services Other$77,648$1,659-$79,307
Payroll Taxes$14,153--$14,153
Office Expenses-$9,032-$9,032
Travel-$7,795-$7,795
Fees for Services Legal-$1,895-$1,895
Advertising-$1,000-$1,000
Insurance-$266-$266
Other Expenses-$59-$59
Total Functional Expenses$341,801$23,710$0$365,511
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
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
Yes
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

Committee meeting documentation Part VI line 8B

“The Organization convenes committees on an as needed basis which are documented with notes.”

Form 990 governing body review Part VI line 11

“The Form 990 is reviewed by the officers and Board of Directors.”

CEO executive director top management comp Part VI line 15A

“Upon consideration of any compensation increases at the executive level, the Board of Directors evaluates compensation by consulting with corporate internal HR resources to do comparisons of the Organizations intended salary for the president versus the job market.”

Governing documents etc available to public Part VI line 19

“The governing documents, conflict of interest policy, and Form 990 are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Carolina Fintech Hub
EIN
82-2880690
Address
3320 SHARON RD, CHARLOTTE, NC 28211

Signing Officer

Name
Tariq Bokhari
Title
President
Phone
7046048610
Signed
2024-11-04
Discuss with paid preparer
No

Organization Details

Principal Officer
Tariq Bokhari
Formed
2017
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
1

Preparer

Firm
Edward P Cooper CPA Pc
Address
PO BOX 470741, CHARLOTTE, NC 28247
Preparer
Edward P Cooper CPA
Phone
7045411363
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Contractors Program services 77,648Payroll Services Management 1,659”

General explanation attachment

“Contributions not deductible as charitable contributions (Part V, line 6b)Contributions are from large corporate donors that are aware and informed that Carolina Fintech Hub is a 501(c)6 organization, and therefore contributions are not deductible as charitable contributions. Donations may be deductible as trade or business expenses if ordinary and necessary in the conduct of the taxpayers business.”

Raw XML Appendix302 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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ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Tariq Bokhari
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07046048610
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAROLINA FINTECH HUB
ReturnHeader/Filer/BusinessNameControlTxt0CARO
ReturnHeader/Filer/EIN0822880690
ReturnHeader/Filer/USAddress/AddressLine1Txt03320 SHARON RD
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028211
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EDWARD P COOPER CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 470741
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028247
ReturnHeader/PreparerPersonGrp/PhoneNum07045411363
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD P COOPER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-06T01:35:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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