Cfleads envisons a world in which community foundations are vital partners in building communities where all residents are prosperous, healthy and secure. Our mission is to help community foundations build strong communities by advancing effective practices, sharing knowledge and galvanizing action on critical issues of our time.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$865K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $699K a year · 16% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$865K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
28 mo
of spending, in cash
Looks good: 28.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $954K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$135K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.0M
+673% vs prior year
Spent
$2.9M
To programs
70%
Net assets
$13.2M
By yearFY2020–FY2025
Revenue
$7.0M
FY2023▲ +673%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$9.4M
FY2022$910K
FY2023$7.0M
FY2024$2.2M
FY2025$4.4M
Expenses
$2.9M
FY2023+0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.4M
FY2022$2.9M
FY2023$2.9M
FY2024$3.9M
FY2025$4.7M
Net assets
$13.2M
FY2023▲ +50%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$10.9M
FY2022$8.8M
FY2023$13.2M
FY2024$11.8M
FY2025$11.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1994.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $2.0M Management & general 28% · $817K Fundraising 2% · $51K

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

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Who runs it and what they're paid

17 people listed on the 990; $865K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vp-Learning & Impact
$169,321Pt VII · Sec A
$165,330Pt VII · Sec A
SR Dir of Fin & Admin
$152,029Pt VII · Sec A
Interim CEO
$129,808Pt VII · Sec A
Chief of Staff
$124,924Pt VII · Sec A
Vp-Learning & Impact
$123,146Pt VII · Sec A
$0Pt VII · Sec A
Director (former)
$0Pt VII · Sec A

Mary L Thomas’s $304K as CEO is at the 96th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mary L Thomas$304,435$297,803$165,330———
Deborah Ellwood———$130,600$210,582$203,663
Leonard Brock$186,090$178,569$169,321$158,069$168,097$102,039
Lisette Holmes——$152,029$134,002——
Meghan Cummings—$142,948————
Angela Jones————$137,002$126,316
Sterling Speirn——$129,808$121,154——
Keisha Walker$129,053—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Advance effective practices and share knowledge to help community foundations build stronger communities.

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Provided by the organization

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3 programs · $1.9M · in their own filed words · FY2023
01

Build Organizational Capacity

Continued to build understanding of community leadership among community foundation boards, senior staff, and partners. Created strong peer connections among community foundations. Influenced the adoption of community leadership practices.

$909Kprogram expense
02

Galvanize community foundation action on critical community issues:released public-facing report, advancing economic mobility in our communities. This report documents the results of six community foundations across the country coming together to advance economic mobility in their communities, using a racial equity lens.

$657Kprogram expense
03

Share Knowledge

Increased field understanding of the value of community leadership as a core organizing strategy for community impact. Hosted webinars and presented at regional and national conferences. Published blog posts, resources, and newsletters related to community leadership and community foundations' work.

$371Kprogram 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
See all 11 funders →
Grants paid · 57 grants · $4.5M · 2020–2025
Wichita FoundationKS · FY2025$50,000
The Winston-Salem FoundationNC · FY2025$50,000
The Pittsburgh FoundationPA · FY2025$50,000
Unitemized GrantFY2025$29,575
Scranton Area Foundation INCPA · FY2024$50,000
Innovia FoundationWA · FY2024$50,000
Foundation for the CarolinasNC · FY2024$50,000
The Community Foundation INCVA · FY2024$50,000
See all 57 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.0M
Ln 12
Gifts and grantsLn 1h$6.6M
Investment incomeLn 3$253K
Fees for servicesLn 2g$185K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.0M
Managementcol C$817K
Fundraisingcol D$51K
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$6.9M
Total assetsLn 16$13.4M
LiabilitiesLn 26$135K
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.6M
Government grantsLn 1e$267K
Fees for servicesLn 2g$185K
Investment incomeLn 3$253K
Other incomeLn 4–11$12K
Gains on assetsLn 7−$10K
Total revenueLn 12$7.0M
Assets in detailPt X, end of year
CashLn 1$4.6M
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$6.9M
InvestmentsLn 11–13$4.3M
Total assetsLn 16$13.4M
LiabilitiesLn 26$135K
Net assetsLn 32$13.2M
OperationsPt I, VI
EmployeesI 514
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$4.9M$6.9M
InvestmentsLn 11–13$4.0M$4.3M
Total assetsLn 16$9.4M$13.4M
LiabilitiesLn 26$560K$135K
Net assetsLn 32$8.8M$13.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$74K$74K
Grants to domestic individualsLn 2$40K$40K
Grants and assistance to foreign recipientsLn 3$48K$48K
Pay of current officers, directors and key staffLn 5$303K$224K$57K$21K
Other salaries and wagesLn 7$848K$708K$124K$16K
Pension plan contributionsLn 8$74K$63K$9K$2K
Other employee benefitsLn 9$94K$80K$12K$2K
Payroll taxesLn 10$95K$80K$12K$3K
Management feesLn 11a$83K$83K
Accounting feesLn 11c$63K$63K
Investment management feesLn 11f$23K$23K
Other fees for servicesLn 11g$727K$341K$385K
Office expensesLn 13$12K$9K$3K$366
Information technologyLn 14$49K$39K$8K$2K
OccupancyLn 16$33K$27K$5K$1K
Conferences, conventions and meetingsLn 19$307K$274K$29K$4K
InsuranceLn 23$10K$8K$2K$318
Other expenses (24a–d)Ln 24$12K$10K$2K$396
Total functional expensesLn 25$2.9M$2.0M$817K$51K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.4M$4.7M−$317K$11.9M 990 PDF
FY2024 $2.2M$3.9M−$1.7M$11.8M 990 PDF
FY2023 Viewing $7.0M$2.9M$4.1M$13.2M 990 PDF
FY2022 $910K$2.9M−$2.0M$8.8M 990 PDF
FY2021 $9.4M$3.4M$6.0M$10.9M 990 PDF
FY2020 $1.6M$3.5M−$1.9M$4.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $7,036,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $663,993$6,586,631
I-9 Program service revenuePrior year $120,930$185,225
I-10 Investment incomePrior year $68,569$252,900
I-11 Other revenuePrior year $56,632$12,000
I-12 Total revenuePrior year $910,124$7,036,756
I-13 Grants and similar amounts paidPrior year $309,000$162,388
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,247,918$1,412,817
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,328,890$1,319,786
I-18 Total expensesPrior year $2,885,808$2,894,991
I-19 Revenue less expensesPrior year −$1,975,684$4,141,765
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,036,756 across 8 lines filed
VIII-1e Government grants$267,400
VIII-1f All other contributions, gifts and grants$6,319,231
VIII-1h Total contributions, gifts and grants$6,586,631
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,225$185,225
VIII-3 Investment incomeExcluded from tax $263,344$263,344
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$10,444−$10,444
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,000$12,000
VIII-12 Total revenueRelated to mission $185,225 · Unrelated business $0 · Excluded from tax $264,900$7,036,756
Part IX · Statement of functional expenses $2,894,991 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $74,000$74,000
IX-2 Grants to domestic individualsPrograms $40,388$40,388
IX-3 Grants and assistance to foreign recipientsPrograms $48,000$48,000
IX-5 Pay of current officers, directors and key staffPrograms $224,092 · Management $57,384 · Fundraising $21,136$302,612
IX-7 Other salaries and wagesPrograms $707,672 · Management $124,165 · Fundraising $16,142$847,979
IX-8 Pension plan contributionsPrograms $62,670 · Management $9,164 · Fundraising $1,835$73,669
IX-9 Other employee benefitsPrograms $80,368 · Management $11,675 · Fundraising $1,996$94,039
IX-10 Payroll taxesPrograms $80,112 · Management $11,775 · Fundraising $2,631$94,518
IX-11a Management feesManagement $83,373$83,373
IX-11c Accounting feesManagement $63,269$63,269
IX-11f Investment management feesManagement $22,596$22,596
IX-11g Other fees for servicesPrograms $341,469 · Management $385,489$726,958
IX-13 Office expensesPrograms $9,346 · Management $2,534 · Fundraising $366$12,246
IX-14 Information technologyPrograms $39,480 · Management $7,698 · Fundraising $1,545$48,723
IX-16 OccupancyPrograms $26,648 · Management $5,196 · Fundraising $1,043$32,887
IX-19 Conferences, conventions and meetingsPrograms $274,448 · Management $29,159 · Fundraising $3,597$307,204
IX-23 InsurancePrograms $8,129 · Management $1,585 · Fundraising $318$10,032
IX-24 Other expenses (24a–d)Programs $10,127 · Management $1,975 · Fundraising $396$12,498
IX-25 Total functional expensesPrograms $2,026,949 · Management $817,037 · Fundraising $51,005$2,894,991
Part X · Balance sheet $13,359,975 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,795,992$4,584,844
X-2 Savings and temporary cash investmentsStart of year $2,106,474$2,293,901
X-3 Pledges and grants receivableStart of year $434,000$2,070,139
X-4 Accounts receivableStart of year $35,526$100,000
X-9 Prepaid expenses and deferred chargesStart of year $3,624$873
X-11 Publicly traded securitiesStart of year $3,974,757$4,310,218
X-16 Total assetsStart of year $9,350,373$13,359,975
X-17 Accounts payable and accrued expensesStart of year $534,323$81,686
X-19 Deferred revenueStart of year $25,882$53,771
X-26 Total liabilitiesStart of year $560,205$135,457
X-27 Net assets without donor restrictionsStart of year $6,922,489$7,233,791
X-28 Net assets with donor restrictionsStart of year $1,867,679$5,990,727
X-32 Total net assets or fund balancesStart of year $8,790,168$13,224,518
X-33 Total liabilities and net assetsStart of year $9,350,373$13,359,975
Part XI · Reconciliation of net assets $13,224,518 net assets at year end
XI-1 Total revenue$7,036,756
XI-2 Total expenses$2,894,991
XI-3 Revenue less expenses$4,141,765
XI-4 Net assets at start of year$8,790,168
XI-5 Net unrealized gains (losses) on investments$292,585
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,224,518

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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