Overview
What is 24 Foundation Inc?
24 Foundation Inc is a nonprofit organization headquartered in Charlotte, North Carolina. Their primary mission is to inspire and engage communities to make an immediate impact on individuals affected by cancer. They achieve this through a 24-hour cycling and walking event, which has attracted over 26,000 participants from various states since its inception. The event has raised over $26 million for its cause. In 2022, the organization saw an increase in participation and donations, enabling them to provide significant support to their beneficiaries. This support includes funding for cancer navigation and survivorship programs, as well as providing essential services to cancer survivors undergoing treatment at Levine Cancer Institute and Levine Children's Hospital. Additionally, 24 Foundation has contributed to various organizations, such as Carolina Breast Friends, Casting Carolinas, Claire's Army, Chemo Cars, and others, to support individuals and families battling cancer. Their work has positively impacted cancer patients, survivors, and their families both nationally and within their event community, with a vision to provide cancer navigation and survivorship services for all.
Official website here: www.24foundation.org
What are the reviews and ratings of this charity?
84% rating from Charity Navigator, earning a Three-Star out of Four Star rating. This score reflects strong accountability and financial management, with a high program expense ratio of 81.93%. The organization demonstrates a commitment to transparency with fully independent board members and robust financial oversight, indicating responsible stewardship of donor funds.
User reviews highlight positive experiences with the organization, particularly regarding volunteer involvement and event organization. Volunteers appreciate the supportive atmosphere and the sense of community fostered during events. The feedback indicates that participants feel appreciated and engaged, with many expressing a desire to continue their involvement year after year.
While the organization has received high marks for its practices and community engagement, the overall rating suggests there may be areas for improvement, particularly in enhancing its culture and community score, which represents only 17%. Nevertheless, the strong commitment to equity and feedback collection suggests an organization that is continuously working to improve its impact and community relations.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about 24 Foundation Inc?
100% of 44 reviews on Facebook recommend 24 Foundation Inc. Here is a summary of their reviews:
Many participants describe events organized by the foundation as the highlight of their year, emphasizing the community spirit fostered by these gatherings. The sentiment strongly reflects that these events not only bring joy but also play a vital role in uniting individuals in Charlotte. Reviewers appreciate the consistency of quality and the positive impact on the local community.
Overall, the feedback suggests that the foundation successfully delivers meaningful experiences and strengthens community bonds through its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is 24 Foundation Inc legitimate?
24 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 24 Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $126,270
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,510
For more financial information, click here
Official website here: www.24foundation.org
What is the mission statement of 24 Foundation Inc?
The 24 Foundation Inc's mission is centered around cancer navigation and survivorship for all individuals affected by the disease. The organization strives to inspire and engage communities to make an immediate impact in the lives of those battling cancer. They accomplish this mission through a 24-hour long cycling and walking event, attracting over 26,000 participants from across the United States since its inception. The event has raised over $26 million in support of this cause. The foundation's activities also involve distributing grants to fulfill its mission, as detailed in their annual reports. For instance, the report from December 2021 outlines grants utilized by grantees during the 2022 fiscal year.
Official website here: www.24foundation.org
Who is the CEO of 24 Foundation Inc?
Katy Ryan is the Executive Dir. of 24 Foundation Inc.
Official website here: www.24foundation.org
What is the revenue of 24 Foundation Inc?
24 Foundation Inc's revenue in 2022 was $1,443,342.
Official website here: www.24foundation.org
Who are the executives of 24 Foundation Inc and what are their salaries?
The average compensation at 24 Foundation Inc during 2022 was $56,963. There are 6 employees and 167 volunteers at 24 Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.24foundation.org
Where can I find the form 990 for 24 Foundation Inc?
24 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.24foundation.org
Learn more at the official website: www.24foundation.org
Mission Statement of 24 Foundation Inc
24 Foundation Inc is committed to making a significant impact on the lives of individuals affected by cancer. Their mission, as stated, is to inspire and engage communities, encouraging them to take immediate action. The organization achieves this through a unique 24-hour cycling and walking event that has attracted over 26,000 participants from across the United States since its inception. This event, coupled with donor support, has raised an impressive sum of over $26 million for this noble cause. The 24 Foundation aims to fulfill this mission by distributing grants, as detailed in their Form 990 reports. It's worth noting that specific grant details for 2022 can be found in Schedule I of their reports.
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Impact
October, 2024
24 Foundation Inc has made a significant impact on cancer care and survivorship through its dedicated initiatives aimed at improving the lives of those affected by cancer. In 2022, the organization raised over $1.3 million, engaging participants and donors from across the country to contribute to cancer navigation and survivorship programs.
The funding facilitated essential services at Atrium Health’s Levine Cancer Institute and Levine Children's Hospital, providing resources that are typically not covered by traditional insurance. Patients received support through options such as patient navigation, dietician consultations, art therapy, yoga, and more. This holistic approach culminated in over 8,000 interactions with patients and caregivers, directly improving their treatment experiences and overall quality of life.
24 Foundation’s contributions extended beyond direct services. They supported several organizations that help specific populations, such as women facing breast cancer and families with children diagnosed with cancer. For instance, financial and transportation assistance was provided to Carolina Breast Friends and Claire’s Army, benefiting numerous families during their challenging journeys.
Additionally, innovative programs were introduced, such as healthy snack cart services for children at Levine Children’s Hospital, which offered nutritious options during long treatment days. The foundation also funded significant community engagement programs, including wellness retreats for cancer survivors, enabling participants to reconnect and learn coping strategies amidst their challenges.
The organization’s mission of fostering community support and improving cancer care continues to resonate across diverse demographics. By inspiring and engaging communities, 24 Foundation Inc is making strides toward its vision of comprehensive cancer navigation and survivorship services for all. The collective efforts have not only provided immediate assistance but have also laid the groundwork for a more supportive infrastructure for cancer patients and survivors.
This information is meant to be a general summary of 24 Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $932
- Program Service Revenue: $152,553
- Gross Receipts: $1,443,342
Assets and Liabilities:
- Total Assets: $1,038,019
- Total Liabilities: $786,868
- Net Assets: $251,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Events Revenue
Revenue
$152,553
Organization Details
Founding Year
2005
Phone
(704) 365-4417Principal Officer
Katy Ryan
Main Address
PO Box 31007, Charlotte, NC, 28231
Website
www.24foundation.orgNTEE Category
Code: G12 - Disease
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