Overview
What is Charlotte Regional Business Alliance Foundation?
The Charlotte Regional Business Alliance Foundation is a nonprofit organization situated in Charlotte, North Carolina. Its primary mission is to foster the growth of diverse businesses in the region, by enhancing their social capital, providing education, and supplying necessary resources. This ultimately helps businesses increase their revenue, customer base, and workforce. The foundation supports the philanthropic endeavors of the Charlotte Regional Business Alliance, aiming to advance the Charlotte region and promote economic prosperity for all. It was established to strengthen charitable efforts within the Alliance's strategic pillars of talent and research, and works in synergy with its partners to amplify and champion a model of inclusive economic growth, fostering a unified regional community.
Official website here: www.charlotteregion.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Charlotte Regional Business Alliance Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. Its score is based entirely on these metrics, which indicates a robust financial health and operational transparency. The foundation's rigorous adherence to best practices is showcased by its perfect scores in multiple areas, including having a fully independent board and comprehensive financial auditing.
Strengths of the organization include its commitment to maintaining a majority-independent board, with all members being independent, and an exemplary audit of financial statements. Additionally, the foundation demonstrates a commitment to ethical governance through well-documented policies such as conflict of interest, whistleblower protections, and record retention protocols. With a program expense ratio of 69.86%, it underscores a significant investment in its mission-driven activities.
While the foundation's metrics are highly favorable, no notable limitations were reported in the available data. Overall, the Charlotte Regional Business Alliance Foundation is positioned as a financially responsible and transparent organization, making it a reliable choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Charlotte Regional Business Alliance Foundation legitimate?
Charlotte Regional Business Alliance Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Regional Business Alliance Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,964
For more financial information, click here
Official website here: www.charlotteregion.com/foundation
What is the mission statement of Charlotte Regional Business Alliance Foundation?
The Charlotte Regional Business Alliance Foundation exists to amplify the philanthropic efforts of the Charlotte Regional Business Alliance. Its mission is to promote the advancement of the Charlotte region, fostering opportunity, economic growth, and prosperity for all. Established to support charitable endeavors within the Alliance's strategic pillars of talent and research, the foundation works in collaboration with partners to champion a model of inclusive economic growth that cultivates a unified regional community. The foundation's role is to amplify the work of the Charlotte Regional Business Alliance and its partners, contributing to the prosperity of the region.
Official website here: www.charlotteregion.com/foundation
Who is the CEO of Charlotte Regional Business Alliance Foundation?
Janet Labar is the Director of Charlotte Regional Business Alliance Foundation.
Official website here: www.charlotteregion.com/foundation
What is the revenue of Charlotte Regional Business Alliance Foundation?
Charlotte Regional Business Alliance Foundation's revenue in 2022 was $635,840.
Official website here: www.charlotteregion.com/foundation
Who are the executives of Charlotte Regional Business Alliance Foundation and what are their salaries?
There 10 volunteers at Charlotte Regional Business Alliance Foundation.
Here are 12 key members and their salaries:
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- Related: $434,935
- Other: $28,459
- Compensation: $0
- Related: $251,802
- Other: $27,907
Official website here: www.charlotteregion.com/foundation
Where can I find the form 990 for Charlotte Regional Business Alliance Foundation?
Charlotte Regional Business Alliance Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.charlotteregion.com/foundation
Learn more at the official website: www.charlotteregion.com/foundation
Mission Statement of Charlotte Regional Business Alliance Foundation
The Charlotte Regional Business Alliance Foundation, a philanthropic entity, is dedicated to amplifying the efforts of the Charlotte Regional Business Alliance (CLT Alliance). Its mission is to advance the Charlotte region, fostering opportunity, economic growth, and prosperity for all. The foundation aligns with the strategic pillars of Talent and Research within the CLT Alliance and supports charitable initiatives within these areas. By amplifying the work of the CLT Alliance and its partners, the Charlotte Regional Business Alliance Foundation champions a new model of inclusive economic growth that fosters a unified regional community. The foundation's goal is to create a thriving and prosperous region for everyone.
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Impact
July, 2024
The Charlotte Regional Business Alliance Foundation amplifies the work of the Charlotte Regional Business Alliance, focusing on the advancement of diverse, growth-oriented businesses. It accelerates the growth of diverse entrepreneurs through increased social capital, education, and resources that help increase revenue, customers, and employees. The foundation's mission is to fulfill the philanthropic efforts of the Charlotte Regional Business Alliance to advance the Charlotte region, creating opportunity, economic growth, and prosperity for all. By supporting charitable efforts within strategic pillars of talent and research, the foundation champions a new model of inclusive economic growth that fosters one regional community, ultimately impacting community improvement.
This information is meant to be a general summary of Charlotte Regional Business Alliance Foundation. 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: $1,471
- Gross Receipts: $635,840
Assets and Liabilities:
- Total Assets: $1,005,207
- Total Liabilities: $347,191
- Net Assets: $658,016
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Organization Details
Founding Year
2000
Phone
(704) 378-1324Principal Officer
Janet Labar
Main Address
PO BOX 20103, CHARLOTTE, NC, 282020027
NTEE Category
Code: S12 - Community improvement
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