Overview
What is Foundation For The Carolinas?
The Foundation For The Carolinas is a prominent non-profit organization based in Charlotte, North Carolina, with an address at 220 North Tryon Street, ZIP code 28202. Their mission is to inspire philanthropy and strengthen the region by engaging in innovative community initiatives and delivering top-notch services to donors and constituents. They have granted funds to over 4,300 organizations in North and South Carolina, supporting scholarship programs, educational institutions, and various curriculum projects. Employing a team of 123 individuals, the Foundation For The Carolinas serves as a vital resource for charitable purposes in the Carolinas through its grantmaking and civic leadership efforts.
Official website here: www.fftc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating from Charity Navigator.
Foundation For The Carolinas has achieved a 95% rating, reflecting its strong commitment to accountability and financial health. Its high Accountability & Finance Score of 97 indicates that the foundation maintains a well-governed structure with 100% independent board members and robust oversight practices. The organization excels in managing its resources effectively, as shown by a remarkable program expense ratio of 96.95% and a very low fundraising efficiency ratio.
While the organization demonstrates a solid financial foundation, it scores slightly lower in the Culture & Community category with a score of 79. This suggests there may be room for improvement in areas related to equity strategies and community engagement. Nevertheless, the overall transparency, as evidenced by the availability of crucial documents and board meeting minutes on its website, reinforces its credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Foundation For The Carolinas?
94% of 202 reviewers on Facebook recommend the Foundation For The Carolinas. Here’s what they had to say:
Many users commend the organization for its beautiful venue in Charlotte, noting its attractive design and versatility that caters to various events. The staff is frequently highlighted as friendly and accommodating, making the planning process smoother for clients. Reviewers appreciate the multitude of photographic opportunities and themed room options available, which contribute to memorable experiences for receptions and galas.
Overall, the sentiment reflects a high level of satisfaction with the services and environment provided by Foundation For The Carolinas, indicating that they effectively meet the needs of those who choose to host events at their venue.
This AI summary has been generated from reviews found on Facebook.
Is Foundation For The Carolinas legitimate?
Foundation For The Carolinas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Carolinas 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: $2,665,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,726,264
For more financial information, click here
Official website here: www.fftc.org
What is the mission statement of Foundation For The Carolinas?
The Foundation For The Carolinas functions as a non-profit community foundation, serving donors and various charitable purposes in North and South Carolina. Through grantmaking and civic leadership, it inspires philanthropy and strengthens the region. The organization's mission is to foster innovative community initiatives and provide quality services to donors and constituents. Their efforts focus on education and youth development, with over 4,000 grants distributed to various organizations for scholarship programs, educational institutions, and curriculum initiatives.
Official website here: www.fftc.org
Who is the CEO of Foundation For The Carolinas?
Alyssa Federico is the Chair of Foundation For The Carolinas. The CEO's salary of Foundation For The Carolinas is $817,136 and their total compensation is $898,324.
Official website here: www.fftc.org
What is the revenue of Foundation For The Carolinas?
Foundation For The Carolinas's revenue in 2022 was $953,517,849.
Official website here: www.fftc.org
Who are the executives of Foundation For The Carolinas and what are their salaries?
The average compensation at Foundation For The Carolinas during 2022 was $92,613. There are 123 employees at Foundation For The Carolinas.
Here are 32 key members and their salaries (Foundation For The Carolinas's CEO's salary is $817,136 and their total compensation is $898,324):
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- Compensation: $817,136
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- Other: $81,188
- Compensation: $448,088
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- Other: $90,451
- Compensation: $353,868
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- Compensation: $449,410
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- Other: $106,743
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- Other: $80,026
- Compensation: $270,939
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- Compensation: $258,695
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- Other: $34,413
- Compensation: $179,386
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- Compensation: $169,906
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- Other: $39,635
- Compensation: $282,583
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- Other: $74,079
- Compensation: $193,889
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- Other: $59,694
- Compensation: $184,175
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- Other: $34,219
- Compensation: $161,528
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- Other: $39,504
- Compensation: $159,243
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- Other: $36,981
Official website here: www.fftc.org
Where can I find the form 990 for Foundation For The Carolinas?
Foundation For The Carolinas's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fftc.org
Learn more at the official website: www.fftc.org
Mission Statement of Foundation For The Carolinas
The Foundation For The Carolinas, a non-profit community foundation, is dedicated to inspiring philanthropy and strengthening their region in North and South Carolina through innovative community initiatives and quality services to donors and constituents. This organization serves a broad range of charitable purposes by means of grantmaking and civic leadership.
In particular, the Foundation For The Carolinas focuses on education and youth development. They have disbursed over 4,000 grants to various organizations, contributing to scholarship programs, educational institutions, and other curriculum initiatives. By investing in education and youth development, the Foundation For The Carolinas aims to make a significant impact on the future of their community.
Furthermore, the Foundation For The Carolinas is committed to inspiring philanthropy. They provide a platform for donors to make a difference in causes that matter most to them. Through their grantmaking and civic leadership, the Foundation For The Carolinas empowers donors to make informed decisions about where their contributions will have the greatest impact.
In summary, the Foundation For The Carolinas is a catalyst for positive change in their community. By focusing on education and youth development, and by inspiring philanthropy, they are creating opportunities for a brighter future for all.
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Impact
October, 2024
Foundation For The Carolinas significantly impacts the communities of North and South Carolina through its robust grantmaking and civic leadership efforts. By disbursing over 4,307 grants, it has supported various organizations focusing on scholarship programs, educational institutions, and enrichment curriculums, thereby enhancing education and youth development in the region.
The foundation’s mission to inspire philanthropy is reflected in its commitment to addressing local needs and priorities. Through innovative community initiatives, it strengthens the community and empowers local organizations, fostering a culture of giving that resonates across diverse sectors. Its work not only provides immediate financial support but also builds a framework for sustained civic engagement and collaboration, ensuring a positive trajectory for the region.
This information is meant to be a general summary of Foundation For The Carolinas. 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: $50,596,670
- Program Service Revenue: $16,083,082
- Gross Receipts: $953,544,958
Assets and Liabilities:
- Total Assets: $3,064,138,829
- Total Liabilities: $74,905,838
- Net Assets: $2,989,232,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$16,083,082
Organization Details
Founding Year
1958
Phone
(704) 973-4500Principal Officer
Alyssa Federico
Main Address
220 NORTH TRYON ST, CHARLOTTE, NC, 28202
Website
www.fftc.orgNTEE Category
Code: T310 - Philanthropy
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