Cagc Foundation INC FY2021 filing

Tax-deductible

Charlotte, NC501(c)(3)EIN 56-1604530

To serve the construction industry by financially supporting excellent workforce development.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $78K a year · 5% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$261K
24% of total assets
Looks good: liabilities are 24% 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
$1.4M
-42% vs prior year
Spent
$1.5M
To programs
99%
Net assets
$844K
By yearFY2020–FY2024
Revenue
$1.4M
FY2021▼ -42%
Revenue by fiscal year
FY2020$2.4M
FY2021$1.4M
FY2022$325K
FY2023$1.8M
FY2024$1.6M
Expenses
$1.5M
FY2021▼ -40%
Expenses by fiscal year
FY2020$2.5M
FY2021$1.5M
FY2022$417K
FY2023$1.9M
FY2024$1.6M
Net assets
$844K
FY2021▼ -7%
Net assets by fiscal year
FY2020$905K
FY2021$844K
FY2022$626K
FY2023$533K
FY2024$561K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1989.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.5M Management & general 1% · $21K

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cagc Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Cagc Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Funds workforce development for the construction industry.

Provided by the organization

This section is blank until Cagc Foundation INC claims this page.

Know this organization? Claim it to add your story

2 program services account for $1.5M of program spending, described in the organization's own filed words · FY2021.
01

Build your career (byc) program to get more people aware of construction career opportunities by launching education efforts on the middle school and high schoollevels, as well as in community colleges, and with individuals wantingto change careers.

$1.5Mprogram expense
02

Education and Training

Carolinas agc foundation offers progressive training opportunities for construction trade craftsmen, construction supervisors, and executive management. The foundation is an accredited training sponsor for the national center for construction education and research (nccer).

$12Kprogram expense

Run this program? Claim this org to tell your story

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
Total grants receivedfrom 1 funder$1K
Grants paid · 10 grants · $6.1M · 2020–2024
See Attached ListFY2024$1,196,040
Unitemized GrantFY2024$19,994
See Attached ListFY2023$1,375,805
Unitemized GrantFY2023$12,993
See Attached ListFY2022$210,084
Unitemized GrantFY2022$11,000
See Attached ListFY2021$1,133,186
Unitemized GrantFY2021$12,000
See Attached ListFY2020$2,158,107
Unitemized GrantFY2020$12,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$26K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Managementcol C$21K
Owns and owesPt X
$844K
net assets · Ln 32
Cash and savingsLn 1–2$362K
Total assetsLn 16$1.1M
LiabilitiesLn 26$261K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$26K
Gains on assetsLn 7$0
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$290K
SavingsLn 2$71K
Cash and savings togetherLn 1–2$362K
InvestmentsLn 11–13$742K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.1M
LiabilitiesLn 26$261K
Net assetsLn 32$844K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6111
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 FY21End FY21
Cash and savingsLn 1–2$1.7M$362K
InvestmentsLn 11–13$716K$742K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.4M$1.1M
LiabilitiesLn 26$1.5M$261K
Net assetsLn 32$905K$844K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Grants to domestic individualsLn 2$12K$12K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$130K$109K$21K
All other expensesLn 24e$0
Total functional expensesLn 25$1.5M$1.5M$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.6M−$8K$561K 990 PDF
FY2023 $1.8M$1.9M−$148K$533K 990 PDF
FY2022 $325K$417K−$92K$626K 990 PDF
FY2021 Viewing $1.4M$1.5M−$88K$844K 990 PDF
FY2020 $2.4M$2.5M−$54K$905K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,397,403 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,371,153
VIII-1h Total contributions, gifts and grants$1,371,153
VIII-3 Investment incomeExcluded from tax $26,250$26,250
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $26,250$1,397,403
Part IX · Statement of functional expenses $1,485,318 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,343,691$1,343,691
IX-2 Grants to domestic individualsPrograms $12,000$12,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $108,944 · Management $20,683$129,627
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,464,635 · Management $20,683 · Fundraising $0$1,485,318
Part X · Balance sheet $1,104,041 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,565,633$290,227
X-2 Savings and temporary cash investmentsStart of year $131,186$71,309
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $70$46
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $716,362$742,459
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,413,251$1,104,041
X-25 Other liabilitiesStart of year $1,485,125$260,508
X-26 Total liabilitiesStart of year $1,507,899$260,508
X-27 Net assets without donor restrictionsStart of year $882,672$820,853
X-28 Net assets with donor restrictionsStart of year $22,680$22,680
X-32 Total net assets or fund balancesStart of year $905,352$843,533
X-33 Total liabilities and net assetsStart of year $2,413,251$1,104,041
Part XI · Reconciliation of net assets $843,533 net assets at year end
XI-1 Total revenue$1,397,403
XI-2 Total expenses$1,485,318
XI-3 Revenue less expenses−$87,915
XI-4 Net assets at start of year$905,352
XI-5 Net unrealized gains (losses) on investments$26,096
XI-10 Net assets at end of year$843,533

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.