Five Points Community Collaborative INC EIN 47-3796483 Form 990 (PDF) Claim this org

Five Points Community Collaborative INC FY2024 filing

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Advocates for diversity and community identity through collective action. For fiscal year 2024 it reported $259K in revenue, $41K in expenses, and $218K in net assets.Pt I

Founded
2023
Type
Public charity (501(c)(3)) · Community Development
Location
Charlotte, NC
Filings
2 on file (2024–2024)
Revenue
$259KFY2024
Expenses
$41K
Net assets
$218K
People
9
Filings
2
Updates
0
More identity details & actions ⌄
EIN  47-3796483 Public charity (501(c)(3)) Charlotte, NC Founded 2023
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
Advocates for diversity and community identity through collective action.
Leadership
Shannon Hughes · President
Money in and out
$259K revenue, $41K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$259K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $218K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
64.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+84%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$259K
FY2024
Expenses
$41K
FY2024
Total assets
$222K
FY2024
Total liabilities
$3K
FY2024
Total revenue
$259K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$218K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$218K
Total assetsPt X · Ln 16$222K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFive Points Community Collaborative INC
EINHdr · item D47-3796483
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2023
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFDec 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Treasurermarketing
$0Pt VII · Sec A
Events Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $30K of program spending, described in the organization's own filed words · FY2024.
01

Organize 5K race to bring participants from all parts of Charlotte to see the West End community.

$30Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$200K · 77%
Other revenue$56K · 21%
Investment income$3K · 1%
Contributions & grants77%$200K
Other revenue21%$56K
Investment income1%$3K
Total revenueLn 12$259K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$36K
Management & general12%$5K
Total functional expensesLn 25$41K

Balance Sheet

Part X · end of year
CashLn 1$222K
Total assetsLn 16$222K
Total liabilitiesLn 26$3K
Total net assetsLn 32$218K
Months of cash on handcomputed64.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $222K · Operating expenses/yr $41K
64.6 months
Where the money goes
Program services
Program services $36K · Total expenses $41K
88%
Management & General
Management & general $5K · Total expenses $41K
12%
Fundraising
Fundraising $0 · Total expenses $41K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $200K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $200K · Total revenue $259K
77%
Government reliance
Government grants $0 · Total revenue $259K
0%
Earned-income share
Program service revenue $0 · Total revenue $259K
0%
Investment reliance
Investment income $3K · Total revenue $259K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $41K
0%
Growth & trend
Revenue growth (YoY)
This year $259K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $218K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $259K · Expenses $41K
+84%
Liabilities-to-Assets
Total liabilities — · Total assets $222K
Net-asset ratio
Net assets $218K · Total assets $222K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $222K
0%
People & payroll
Highest Reported Total Compensation
Individual Shannon Hughes · Reported title President · Highest reported compensation $0 · Total expenses $41K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $41K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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$85K

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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)$533K revenue · ⤓ 990 PDF
FY2024$259K revenue · viewing · ⤓ 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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