Regroup Carolinas

Tax-deductible

Charlotte, NC501(c)(3)HousingEIN 85-3371659Revenue $468K in FY2024

On file with the IRS2300 Tattersall Dr, 28210-6770 · Charlotte, NCTax-exempt since Sep 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's charitable purpose is to raise money for public charities that operate in communities throughout the Carolinas. To that end, the organization will engage in a variety of fundraising activities for the benefit of local charities.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$468K
+288% vs prior year
Spent
$223K
To programs
97%
Net assets
$293K
By yearFY2020–FY2024
Revenue
$468K
FY2024▲ +288%
Tap a bar for its year
Revenue by fiscal year
FY2020$3K
FY2021$6K
FY2022$46K
FY2023$121K
FY2024$468K
Net assets
$293K
FY2024▲ +508%
Tap a bar for its year
Net assets by fiscal year
FY2020$690
FY2021$1K
FY2022$47K
FY2023$48K
FY2024$293K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2022.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $218K Management & general 3% · $6K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director of
$0Pt VII · Sec A
Treasurer/Se
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Regroup Carolinas 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

Raises money for public charities operating in communities throughout the Carolinas.

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Provided by the organization

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3 programs · $218K · in their own filed words · FY2024
01

To raise funds through contributions and fundraising events to support other local 501(c)3 organizations in the carolinas which during the tax year included contributing support to the roc charlotte, a nonprofit whose mission is to educate and mentor students for technical education and career opporunities in the construction industry in…

$111Kprogram expense
02

To raise funds through contributions and fundraising events to support other local 501(c)3 organizations in the carolinas which during the tax year included contributing support for relief effort to assist survivors of the hurricane helen disaster in the amounts of 97,156.

$97Kprogram expense
03

To raise funds through contributions and fundraising events to support other local 501(c)3 organizations in the carolinas which during the tax year included contributing support to the good fellows, an organization which provides emergency assistance to families in need in the amounts of 10,000.

$10Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 3 grants · $217K · 2024–2024
Roc Charlotte INCNC · FY2024$110,000
Unitemized GrantFY2024$97,156
The Good Fellows Club INCNC · FY2024$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$468K
Ln 12
Gifts and grantsLn 1h$355K
Other incomeLn 4–11$113K
Investment incomeLn 3$7
Money outPt IX
$223K
Ln 25
Programscol B$218K
Managementcol C$6K
Owns and owesPt X
$293K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$293K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$355K
Investment incomeLn 3$7
Other incomeLn 4–11$113K
Total revenueLn 12$468K
Assets in detailPt X, end of year
CashLn 1$293K
Cash and savings togetherLn 1–2$293K
Total assetsLn 16$293K
LiabilitiesLn 26$0
Net assetsLn 32$293K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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$48K$293K
Total assetsLn 16$48K$293K
LiabilitiesLn 26$0$0
Net assetsLn 32$48K$293K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$120K$120K
Grants to domestic individualsLn 2$97K$97K
Benefits paid to or for membersLn 4$543$543
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$5$5
Advertising and promotionLn 12$2K$2K
Information technologyLn 14$446$446
Conferences, conventions and meetingsLn 19$500$500
Total functional expensesLn 25$223K$218K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $468K$223K$245K$293K 990 PDF
FY2023 $121K$48K 990 PDF
FY2022 $46K$47K 990 PDF
FY2021 $6K$1K 990 PDF
FY2020 $3K$690 990 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 $468,310 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,444$355,053
I-9 Program service revenue$0
I-10 Investment incomePrior year $6$7
I-11 Other revenuePrior year $117,348$113,250
I-12 Total revenuePrior year $120,798$468,310
I-13 Grants and similar amounts paidPrior year $117,180$217,156
I-14 Benefits paid to membersPrior year $328$543
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $2,000$0
I-17 Other expensesPrior year $192$5,753
I-18 Total expensesPrior year $119,700$223,452
I-19 Revenue less expensesPrior year $1,098$244,858
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $468,310 across 5 lines filed
VIII-1f All other contributions, gifts and grants$355,053
VIII-1h Total contributions, gifts and grants$355,053
VIII-3 Investment incomeRelated to mission $7$7
VIII-8 Net income from fundraising events$113,250
VIII-12 Total revenueRelated to mission $7$468,310
Part IX · Statement of functional expenses $223,452 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $120,000$120,000
IX-2 Grants to domestic individualsPrograms $97,156$97,156
IX-4 Benefits paid to or for membersPrograms $543$543
IX-11c Accounting feesManagement $3,250$3,250
IX-11g Other fees for servicesManagement $5$5
IX-12 Advertising and promotionManagement $1,552$1,552
IX-14 Information technologyManagement $446$446
IX-19 Conferences, conventions and meetingsManagement $500$500
IX-25 Total functional expensesPrograms $217,699 · Management $5,753 · Fundraising $0$223,452
Part X · Balance sheet $293,088 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $48,151$293,009
X-4 Accounts receivableStart of year $79$79
X-16 Total assetsStart of year $48,230$293,088
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $48,230$293,088
X-32 Total net assets or fund balancesStart of year $48,230$293,088
X-33 Total liabilities and net assetsStart of year $48,230$293,088
Part XI · Reconciliation of net assets $293,088 net assets at year end
XI-1 Total revenue$468,310
XI-2 Total expenses$223,452
XI-3 Revenue less expenses$244,858
XI-4 Net assets at start of year$48,230
XI-10 Net assets at end of year$293,088

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

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