Charlotte NC Chapter FY2024 filing

Not tax-deductible

Charlotte, NC501(c)(4)EIN 56-6061238Revenue $218K in FY2024

On file with the IRScharlottelinksinc.orgPo Box 36958, 28236-6958 · Charlotte, NCTax-exempt since Dec 1961

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Providing transformational programming to underserved children and families in the Charlotte community

74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 3
filings with a surplus
Average deficit $3K a year · 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
+26% vs prior year
Spent
$191K
To programs
74%
Net assets
$72K
By yearFY2023–FY2025
Revenue
$218K
FY2024▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2023$173K
FY2024$218K
FY2025$284K
Expenses
$191K
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2023$164K
FY2024$191K
FY2025$329K
Net assets
$72K
FY2024▲ +60%
Tap a bar for its year
Net assets by fiscal year
FY2023$45K
FY2024$72K
FY2025$27K

From the FY2024 Form 990 (year ending April 2024) · see the original

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You’re viewing the FY2024 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 Dec 1961.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $142K Fundraising 26% · $49K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Financial Secretary
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Asst Fin Secretary
$0Pt VII · Sec A
Asst Financial Secreta
$0Pt VII · Sec A
Corr Secretary
$0Pt VII · Sec A
See Charlotte NC Chapter 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

Empowering underserved children and families through transformational programs.

Provided by the organization

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3 programs · $81K · in their own filed words · FY2023
01

Ways & Means provides funding to several programs of the Chapter.

$57Kprogram expense
02

Paid partial tuition scholarships for scholars attending various community colleges and universities

$23Kprogram expense
03

Services of Youth programs to educate youth with life skills and motivation to work towards goals

$1Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$21K
Grants paid · 1 grant · $23K · 2023–2023
Unitemized GrantFY2023$22,750

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$218K
Money outPt IX
$191K
Ln 25
Programscol B$142K
Fundraisingcol D$49K
Owns and owesPt X
$72K
net assets · Ln 32
Cash and savingsLn 1–2$72K
Total assetsLn 16$72K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$218K
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$72K
Cash and savings togetherLn 1–2$72K
Total assetsLn 16$72K
LiabilitiesLn 26$0
Net assetsLn 32$72K
OperationsPt I, VI
EmployeesI 50
VolunteersI 665
Fiscal year endsHeaderApril
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 FY24End FY24
Cash and savingsLn 1–2$45K$72K
Total assetsLn 16$45K$72K
LiabilitiesLn 26$0$0
Net assetsLn 32$45K$72K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23K$23K
Other expenses (24a–d)Ln 24$168K$119K$49K
Total functional expensesLn 25$191K$142K$0$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $284K$329K−$45K$27K 990 PDF
FY2024 Viewing $218K$191K$27K$72K 990 PDF
FY2023 $173K$164K$9K$45K 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 FY2024 990 (6 parts)
Part I · Summary $217,893 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $173,197$217,893
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $173,197$217,893
I-13 Grants and similar amounts paidPrior year $48,938$22,750
I-14 Benefits paid to membersPrior year $53,500$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $61,769$167,829
I-18 Total expensesPrior year $164,207$190,579
I-19 Revenue less expensesPrior year $8,990$27,314
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $217,893 across 5 lines filed
VIII-1b Membership dues$56,144
VIII-1f All other contributions, gifts and grants$70,654
VIII-1h Total contributions, gifts and grants$217,893
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$217,893
Part IX · Statement of functional expenses $190,579 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $22,750$22,750
IX-24 Other expenses (24a–d)Programs $118,829 · Fundraising $49,000$167,829
IX-25 Total functional expensesPrograms $141,579 · Management $0 · Fundraising $49,000$190,579
Part X · Balance sheet $72,465 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $45,151$72,465
X-16 Total assetsStart of year $45,151$72,465
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $27,546$59,029
X-28 Net assets with donor restrictionsStart of year $17,605$13,436
X-32 Total net assets or fund balancesStart of year $45,151$72,465
X-33 Total liabilities and net assetsStart of year $45,151$72,465
Part XI · Reconciliation of net assets $72,465 net assets at year end
XI-1 Total revenue$217,893
XI-2 Total expenses$190,579
XI-3 Revenue less expenses$27,314
XI-4 Net assets at start of year$45,151
XI-10 Net assets at end of year$72,465

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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