Cms Foundation: FY2024 Nonprofit Profile & Form 990 (EIN 20-0258541)

Revenue by fiscal year
FY2020	$2.7M
FY2021	$3.8M
FY2022	$1.4M
FY2023	$1.3M
FY2024	$2.6M
FY2025	$3.4M

Expenses by fiscal year
FY2020	$1.4M
FY2021	$3.3M
FY2022	$1.6M
FY2023	$1.7M
FY2024	$1.7M
FY2025	$2.2M

Net assets by fiscal year
FY2020	$2.0M
FY2021	$2.6M
FY2022	$2.4M
FY2023	$2.3M
FY2024	$3.3M
FY2025	$4.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Cms Foundation files its own Form 990, but Schedule R discloses 3 related entities — figures on this page are for this EIN only, not the whole group.

Charlotte Mecklenburg Schools · Foundation for the Carolinas · Charlotte Mecklenburg Schools · See Schedule R

Combined filings · FY2024 · 2 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is one member.

Group revenue

$540.6M

Group expenses

$584.2M

Group net assets

$3.4B

Foundation for the Carolinas · $538.0M rev · $3.4B net assets

Where the money goes

84 cents of each dollar spent went to programs.

84%

14%

Program services 84% · $1.4M Management & general 14% · $231K Fundraising 2% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Greg Alcorn

Director

$0Pt VII · Sec A

Douglas W Benson

Director

$0Pt VII · Sec A

Kobi Kennedy Brinson

Director (thru 8/2023)

$0Pt VII · Sec A

Gerard M Camacho

Director

$0Pt VII · Sec A

Carrie Cook

Director

$0Pt VII · Sec A

Charlitta Hatch

Director

$0Pt VII · Sec A

Dr Crystal Hill

Superintendent

$0Pt VII · Sec A

Sandra Holub

Director

$0Pt VII · Sec A

See Cms Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests in innovation to help schools address challenges and expand opportunities.

Questions for Cms Foundation

Tap to ask. Cms Foundation sees how many people are interested.

Your first name shows with your question. Cms Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.4M · in their own filed words · FY2023

01

Distributed grants to and on behalf of charlotte mecklenburg schools in support of teachers and educational programs.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Atrium Health FoundationFY2024$634K

Champions for Education INCFY2024$250K

Foundation for the CarolinasFY2024$55K

American Online Giving Foundation INCFY2024$43K

Fidelity Investments Charitable Gift FundFY2024$13K

The Dallas FoundationFY2024$7K

Donor Advised Charitable Giving INCFY2024$6K

Total grants receivedfrom 7 funders$1.0M

See all 7 funders →

Grants paid · 6 grants · $9.2M · 2019–2024

Charlotte Mecklenburg SchoolsFY2024$1,637,562

Charlotte Mecklenburg SchoolsFY2023$1,218,740

Charlotte Mecklenburg SchoolsFY2022$1,300,178

Charlotte Mecklenburg SchoolsFY2021$1,063,118

Charlotte Mecklenburg SchoolsFY2020$2,915,358

Charlotte Mecklenburg SchoolsFY2019$1,070,621

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.6M

Ln 12

Gifts and grantsLn 1h$2.4M

Other incomeLn 4–11$208K

Money outPt IX

$1.7M

Ln 25

Programscol B$1.4M

Managementcol C$231K

Fundraisingcol D$34K

Owns and owesPt X

$3.3M

net assets · Ln 32

Cash and savingsLn 1–2$314K

Total assetsLn 16$3.4M

LiabilitiesLn 26$10K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$2.4M

Fundraising eventsLn 1c$15K

Other incomeLn 4–11$208K

Total revenueLn 12$2.6M

Assets in detailPt X, end of year

CashLn 1$314K

Cash and savings togetherLn 1–2$314K

InvestmentsLn 11–13$3.0M

Total assetsLn 16$3.4M

LiabilitiesLn 26$10K

Net assetsLn 32$3.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 613

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$181K	$314K
InvestmentsLn 11–13	$2.1M	$3.0M
Total assetsLn 16	$2.3M	$3.4M
LiabilitiesLn 26	$5K	$10K
Net assetsLn 32	$2.3M	$3.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.2M	$1.2M
Pay of current officers, directors and key staffLn 5	$171K	$78K	$81K	$12K
Investment management feesLn 11f	$22K	$10K	$10K	$2K
Other fees for servicesLn 11g	$191K	$87K	$90K	$13K
Advertising and promotionLn 12	$3K	$1K	$1K	$220
Office expensesLn 13	$913	$428	$419	$66
Information technologyLn 14	$6K	$3K	$3K	$455
TravelLn 17	$907	$414	$429	$64
Conferences, conventions and meetingsLn 19	$260	$119	$123	$18
Other expenses (24a–d)Ln 24	$93K	$42K	$44K	$6K
Total functional expensesLn 25	$1.7M	$1.4M	$231K	$34K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3.4M	$2.2M	$1.2M	$4.7M	990 PDF
FY2024 Viewing	$2.6M	$1.7M	$881K	$3.3M	990 PDF
FY2023	$1.3M	$1.7M	−$361K	$2.3M	990 PDF
FY2022	$1.4M	$1.6M	−$131K	$2.4M	990 PDF
FY2021	$3.8M	$3.3M	$585K	$2.6M	990 PDF
FY2020	$2.7M	$1.4M	$1.3M	$2.0M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $2,587,340 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,149,089$2,379,399

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $143,417$207,941

I-12 Total revenuePrior year $1,292,506$2,587,340

I-13 Grants and similar amounts paidPrior year $1,300,178$1,218,740

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $167,159$171,202

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $185,901$316,449

I-18 Total expensesPrior year $1,653,238$1,706,391

I-19 Revenue less expensesPrior year −$360,732$880,949

Part VI · Governance 11 of 13 board members independent, 3 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members11

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $2,587,340 across 6 lines filed

VIII-1c Fundraising events$14,827

VIII-1f All other contributions, gifts and grants$2,364,572

VIII-1h Total contributions, gifts and grants$2,379,399

VIII-8 Net income from fundraising eventsExcluded from tax $29,334$29,334

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $178,607$178,607

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $207,941$2,587,340

Part IX · Statement of functional expenses $1,706,391 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $1,218,740$1,218,740

IX-5 Pay of current officers, directors and key staffPrograms $78,137 · Management $81,064 · Fundraising $12,001$171,202

IX-11f Investment management feesPrograms $9,862 · Management $10,232 · Fundraising $1,515$21,609

IX-11g Other fees for servicesPrograms $86,993 · Management $90,252 · Fundraising $13,362$190,607

IX-12 Advertising and promotionPrograms $1,433 · Management $1,487 · Fundraising $220$3,140

IX-13 Office expensesPrograms $428 · Management $419 · Fundraising $66$913

IX-14 Information technologyPrograms $2,960 · Management $3,071 · Fundraising $455$6,486

IX-17 TravelPrograms $414 · Management $429 · Fundraising $64$907

IX-19 Conferences, conventions and meetingsPrograms $119 · Management $123 · Fundraising $18$260

IX-24 Other expenses (24a–d)Programs $42,230 · Management $43,811 · Fundraising $6,486$92,527

IX-25 Total functional expensesPrograms $1,441,316 · Management $230,888 · Fundraising $34,187$1,706,391

Part X · Balance sheet $3,353,867 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $180,566$314,330

X-3 Pledges and grants receivableStart of year $0$20,750

X-12 Other securitiesStart of year $2,143,929$3,018,787

X-16 Total assetsStart of year $2,324,495$3,353,867

X-18 Grants payableStart of year $5,000$10,000

X-26 Total liabilitiesStart of year $5,000$10,000

X-27 Net assets without donor restrictionsStart of year $280,379$402,522

X-28 Net assets with donor restrictionsStart of year $2,039,116$2,941,345

X-32 Total net assets or fund balancesStart of year $2,319,495$3,343,867

X-33 Total liabilities and net assetsStart of year $2,324,495$3,353,867

Part XI · Reconciliation of net assets $3,343,867 net assets at year end

XI-1 Total revenue$2,587,340

XI-2 Total expenses$1,706,391

XI-3 Revenue less expenses$880,949

XI-4 Net assets at start of year$2,319,495

XI-5 Net unrealized gains (losses) on investments$143,423

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,343,867

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Cms Foundation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Cms Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Cms Foundation FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Cms Foundation

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV