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Centralina Foundation INC

Tax-deductible

Charlotte, NC501(c)(3)Public & Societal BenefitEIN 55-0846088Revenue $783K in FY2025

On file with the IRS10735 David Taylor Dr Ste 250, 28262-1289 · Charlotte, NCTax-exempt since Jan 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Support economic development in the Centralina region.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$275K
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$783K
Spent
$782K
To programs
100%
Net assets
$38K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

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

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $780K Management & general 0% · $3K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Tony Long
Board Member
$0Pt VII · Sec A
Jay McCosh
Board Member
$0Pt VII · Sec A
David Scholl
Board Chair
$0Pt VII · Sec A
Jarvis Woodburn
Board Member
$0Pt VII · Sec A
See Centralina Foundation INC executive salaries →

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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 15aNo

Programs and updates

Promotes economic growth and opportunity across the Centralina region.

Provided by the organization

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3 programs · $780K · in their own filed words · FY2024
01

Dogwood Trust

This grant will support the 5 western north carolina council of governments ("cog") in retaining consultants to provide technical assistance to local governments affected by helene.

$778Kprogram expense
02

Clean Cities

A coalition that works with vehicle fleets, fuel providers, community leaders, and other stakeholders to identify community-driven choices that save energy and promote the use of alternative fuels and advanced vehicle technologies in transportation.

$2Kprogram expense
03

The centralina collaborative gives our organization more opportunities to explore new partnerships and funding sources. As a 501(c)3 non-profit charitable organization, the collaborative can apply for grants from philanthropic organizations.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Dogwood Health TrustFY2024$1.0M
Total grants receivedfrom 1 funder$1.0M

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$783K
Ln 12
Gifts and grantsLn 1h$783K
Money outPt IX
$782K
Ln 25
Programscol B$780K
Managementcol C$3K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$309K
Total assetsLn 16$314K
LiabilitiesLn 26$275K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$783K
Total revenueLn 12$783K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$274K
Cash and savings togetherLn 1–2$309K
Other assetsLn 15$3K
Total assetsLn 16$314K
LiabilitiesLn 26$275K
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$36K$309K
Total assetsLn 16$37K$314K
LiabilitiesLn 26$0$275K
Net assetsLn 32$37K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Other fees for servicesLn 11g$21K$21K
Office expensesLn 13$116$116
Conferences, conventions and meetingsLn 19$637$637
Other expenses (24a–d)Ln 24$759K$759K
Total functional expensesLn 25$782K$780K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $783K$782K$955$38K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $783,368 revenue, 12 lines filed
I-8 Contributions and grants$783,368
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$783,368
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$782,413
I-18 Total expenses$782,413
I-19 Revenue less expenses$955
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $783,368 across 3 lines filed
VIII-1f All other contributions, gifts and grants$783,368
VIII-1h Total contributions, gifts and grants$783,368
VIII-12 Total revenue$783,368
Part IX · Statement of functional expenses $782,413 across 5 lines filed
IX-11b Legal feesManagement $2,542$2,542
IX-11g Other fees for servicesPrograms $20,595$20,595
IX-13 Office expensesManagement $116$116
IX-19 Conferences, conventions and meetingsPrograms $637$637
IX-24 Other expenses (24a–d)Programs $758,523$758,523
IX-25 Total functional expensesPrograms $779,755 · Management $2,658 · Fundraising $0$782,413
Part X · Balance sheet $313,773 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $36,000$35,766
X-2 Savings and temporary cash investments$273,713
X-4 Accounts receivableStart of year $250$1,351
X-15 Other assetsStart of year $1,197$2,943
X-16 Total assetsStart of year $37,447$313,773
X-17 Accounts payable and accrued expenses$40,442
X-19 Deferred revenue$234,929
X-26 Total liabilitiesStart of year $0$275,371
X-27 Net assets without donor restrictionsStart of year $37,447$38,402
X-32 Total net assets or fund balancesStart of year $37,447$38,402
X-33 Total liabilities and net assetsStart of year $37,447$313,773
Part XI · Reconciliation of net assets $38,402 net assets at year end
XI-1 Total revenue$783,368
XI-2 Total expenses$782,413
XI-3 Revenue less expenses$955
XI-4 Net assets at start of year$37,447
XI-10 Net assets at end of year$38,402

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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