Cin INC EIN 26-0238263 Form 990 (PDF) Claim this org

Cin INC FY2024 filing

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Educates philanthropists of color on planned giving and connects them with collective giving opportunities. For fiscal year 2024 it reported $340K in revenue, $171K in expenses, and $477K in net assets.Pt I

Founded
2007
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Raleigh, NC
Website
thecommunityinvestment.org
Filings
6 on file (2020–2024)
Revenue
$340KFY2024
Expenses
$171K
Net assets
$477K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-0238263 Public foundation / grantmaker Raleigh, NC Founded 2007
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Educates philanthropists of color on planned giving and connects them with collective giving opportunities.
Leadership
Lasindra Weeb · Board Member
Money in and out
$340K revenue, $171K expenses
Bottom line
69% program efficiency
Grants paid & assets · FY2024
Total revenue
$340K
Pt VIII · Ln 12
Total expenses
$171K
Pt IX · Ln 25
Net assets
$477K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $169K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.31
Program efficiency
69%
of spending reaches programs
Operating runway
33.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+50%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$340K
FY2024▲ +25%
Expenses
$171K
FY2024▲ +43%
Total assets
$477K
FY2024▲ +95%
Total liabilities
$0
FY2024
Total revenue
$340K
Pt VIII · Ln 12
Total expenses
$171K
Pt IX · Ln 25
Net assets
$477K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$169K
Total assetsPt X · Ln 16$477K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCin INC
EINHdr · item D26-0238263
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jthecommunityinvestment.org
Year of formationHdr · item L2007
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T01)
Ruling yearIRS BMFSep 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $119K of program spending, described in the organization's own filed words · FY2024.
01

The #wearephilanthropists project formerly known as the hbcu donors of color initiative was launched in spring 2016 with the intent of inspiring and equipping college students with resources to address challenges in their communities through collective philanthropy.

$77Kprogram expense
02

The community investment network conference serves as a premier convening that brings together individuals families grassroots groups nonprofit professionals and giving circle members to explore community philanthropy as a tool for civic engagement and social change.

$38Kprogram expense
03

The leadership summit is a signature convening that provides giving circle members within the community investment network cin with fellowship renewal and continuous learning opportunities. The summit focuses on equipping circles with the knowledge and tools to enhance their grantmaking and overall effectiveness.

$3Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$340K
Program service revenue$748
Total revenueLn 12$340K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$119K
Management & general31%$52K
Total functional expensesLn 25$171K

Balance Sheet

Part X · end of year
CashLn 1$477K
Total assetsLn 16$477K
Total liabilitiesLn 26$0
Total net assetsLn 32$477K
Months of cash on handcomputed33.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $477K · Operating expenses/yr $171K
33.4 months
Where the money goes
Program services
Program services $119K · Total expenses $171K
69%
Management & General
Management & general $52K · Total expenses $171K
31%
Fundraising
Fundraising $0 · Total expenses $171K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $302K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $340K · Total revenue $340K
100%
Government reliance
Government grants — · Total revenue $340K
Earned-income share
Program service revenue $748 · Total revenue $340K
0.2%
Investment reliance
Investment income $0 · Total revenue $340K
0%
Program self-sufficiency
Program service revenue $748 · Total expenses $171K
0.4%
Growth & trend
Revenue growth (YoY)
This year $340K · Prior year $272K
+25%
Revenue CAGR
FY2020 $137K · FY2024 $340K
+26%
Net-asset trend (YoY)
End of year $477K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $340K · Expenses $171K
+50%
Liabilities-to-Assets
Total liabilities — · Total assets $477K
Net-asset ratio
Net assets $477K · Total assets $477K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $477K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lasindra Weeb · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $171K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $171K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 31%
Fundraising cost ratio 0%
Revenue growth 25%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$258K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$372K revenue · ⤓ 990 PDF
FY2024$340K revenue · viewing · ⤓ 990 PDF
FY2023$272K revenue · ⤓ 990 PDF
FY2022$106K revenue · ⤓ 990 PDF
FY2021$114K revenue · ⤓ 990 PDF
FY2020$137K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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