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← 24 FOUNDATION INC

Form 990 for tax year 2023

Filed by 24 FOUNDATION INC.

Totals

Total revenue
$1,798,504
Total expenses
$1,279,057
Contributions and grants received
$1,593,957
Grants paid
$229,892
Program service revenue
$183,355
Investment income
$18,609
Other revenue
$2,583
Total assets, end of year
$1,202,070
Total liabilities, end of year
$431,472
Net assets or fund balances, end of year
$770,598
Program services expenses (Part IX)
$980,785
Management and general expenses
$185,483
Fundraising expenses
$112,789
Program service expenses (Part III)
$980,785

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,593,957

  • 1g · Noncash contributions included above

    $121,009

  • 2a · Program service revenue: Events Revenue

    total $183,355 · related or exempt $183,355

  • 3 · Investment income

    total $18,609 · excluded $18,609

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Income

    total $2,583 · related or exempt $2,583

  • 11e · Other revenue, total

    $2,583

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $229,892 · program services $229,892

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $118,900 · program services $57,072 · management and general $23,780 · fundraising $38,048

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $218,078 · program services $136,624 · management and general $52,196 · fundraising $29,258

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $25,306 · program services $14,993 · management and general $5,796 · fundraising $4,517

  • 10 · Payroll taxes

    total $23,248 · program services $13,762 · management and general $5,340 · fundraising $4,146

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $26,150 · management and general $26,150

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $282,487 · program services $208,127 · management and general $44,382 · fundraising $29,978

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,535 · program services $78 · management and general $1,457

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $28,525 · program services $16,459 · management and general $6,445 · fundraising $5,621

  • 17 · Travel

    total $13,372 · program services $13,372

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,770 · program services $1,598 · management and general $626 · fundraising $546

  • 23 · Insurance

    total $7,441 · program services $769 · management and general $6,672

  • 24a · Other expenses: Refreshments

    total $90,699 · program services $90,699

  • 24b · Other expenses: Awards & Recognition

    total $64,007 · program services $64,007

  • 24c · Other expenses: Equipment Rental

    total $60,969 · program services $60,969

  • 24d · Other expenses: Miscellaneous

    total $41,852 · program services $41,852

  • 24e · All other expenses

    total $43,826 · program services $30,512 · management and general $12,639 · fundraising $675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $683,479 · end of year $1,013,763

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $287,210 · end of year $161,827

  • 4 · Accounts receivable

    beginning of year $41,559 · end of year $7,499

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,471 · end of year $11,451

  • 10a · Land, buildings and equipment: cost or other basis

    $25,962

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,962

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $6,300 · end of year $7,530

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,213 · end of year $12,123

  • 18 · Grants payable

    beginning of year $761,881 · end of year $402,500

  • 19 · Deferred revenue

    beginning of year $10,774 · end of year $16,849

  • 27 · Net assets without donor restrictions

    beginning of year $251,151 · end of year $770,598

Mission and programs · 2023

Mission

24 FOUNDATION AIMS TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE AN IMMEDIATE IMPACT ON THE LIVES OF PEOPLE AFFECTED BY CANCER. THROUGH A 24-HOUR-LONG CYCLING AND WALKING EVENT, OUR ORGANIZATION HAS GATHERED 26,000 PARTICIPANTS FROM 50 STATES, IN ADDITION TO THEIR DONOR SUPPORT, AND RAISED OVER $27M FOR THIS MISSION SINCE OUR INCEPTION. SEE SCHEDULE I TO REVIEW GRANTS PAID IN 2023 TO FULFILL THIS MISSION. THE BELOW REPORT DETAILS GRANTS PAID IN DECEMBER 2022 AND UTILIZED BY GRANTEES IN THE 2023 FISCAL YEAR.

Activities or mission (Part I)

24 FOUNDATION'S VISION IS TO HAVE CANCER NAVIGATION AND SURVIVORSHIP FOR ALL.

  • 2023 WAS A YEAR OF RETURNING TO THE NEW NORMAL FOLLOWING THE PANDEMIC. 24 FOUNDATION SAW AN INCREASE IN BOTH PARTICIPATION AND DONATIONS. CONTRIBUTIONS FROM PARTICIPANTS, DONORS, AND CORPORATIONS ALLOWED 24 FOUNDATION TO PROVIDE A HIGH LEVEL OF SUPPORT TO OUR BENEFICIARIES AS WE WORK TO FURTHER OUR MISSION TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE AN IMMEDIATE IMPACT ON THE LIVES OF PEOPLE AFFECTED BY CANCER. WITH MORE THAN $1,627,000 RAISED FOR CANCER NAVIGATION AND SURVIVORSHIP PROGRAMS THROUGH THE PEER-TO-PEER FUNDRAISING EFFORTS OF MORE THAN 860 IN-PERSON AND 55 VIRTUAL CYCLISTS AND WALKERS, WE ENGAGED PARTICIPANTS OF ALL AGES FROM MORE THAN 25 STATES. BELOW ARE THE ACCOMPLISHMENTS OF OUR ORGANIZATION IN 2023:OUR CONTRIBUTION OF A 5-YEAR, $1.75M COMMITMENT, THAT IS TO BE PAID IN 2020 THROUGH 2025, TO ATRIUM HEALTH FOUNDATION (FORMERLY CAROLINAS HEALTHCARE FOUNDATION) WILL BE DISTRIBUTED AT LEVINE CANCER INSTITUTE AND LEVINE CHILDRENS HOSPITAL. THE GOAL OF THIS FUNDING IS TO FURTHER LCI AND LCH MISSIONS TO CHANGE THE COURSE OF CANCER CARE BY REMOVING THE BARRIERS THAT SEPARATE PATIENTS FROM ACCESS TO WORLD-CLASS RESEARCH, BREAKTHROUGH TREATMENTS, AND QUALITY CARE.DUE TO THE PANDEMIC AND DECREASED CONTRIBUTED INCOME, WE DISTRIBUTED $385K TO ATRIUM IN 2022, CARRYING OVER $105K OF OUR OBLIGATION FOR THE REMAINING FOUR YEARS OF THE CONTRACT. IN 2023, WE CONTRIBUTED $402.5K, LEAVING THE REMAINING BALANCE AT $52.5K. OUR FUNDING TO LEVINE CANCER INSTITUTE PROVIDED IMPORTANT SERVICES TO CANCER SURVIVORS UNDERGOING TREATMENT THAT ARE NOT COVERED BY TRADITIONAL INSURANCE PLANS. SUCH SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PATIENT NAVIGATION, DIETICIAN CONSULTATION, ART THERAPY, SUPPORT GROUPS, YOGA AND TAI CHI, ACUPUNCTURE AND MORE. FUNDING PROVIDED OVER 10,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE DEPARTMENT OF INTEGRATIVE MEDICINE IN 2023. THROUGH 24 FOUNDATIONS FUNDING OF A BILINGUAL, SPANISH-SPEAKING NURSE NAVIGATOR AT LEVINE CANCER INSTITUTE. FUNDING AT LEVINE CHILDRENS HOSPITAL PROVIDED A 24 FOUNDATION HEALTHY SNACK CART FOR OVER 350 PATIENTS IN 2023, WHICH ALLOWS FOR HEALTHY OPTIONS TO HELP FUEL LONG DAYS OF TREATMENT AND OVER 300 PATIENT VISITS TO A DEDICATED INTEGRATIVE ONCOLOGY DIETITICIAN. FUNDING ALSO PROVIDED MORE THAN 1,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE LCH DEPARTMENT OF INTEGRATIVE MEDICINE IN 2023.OUR CONTRIBUTION TO BE THE MATCH ALLOWED 24 FOUNDATION TO SUPPORT THE NATIONAL REGISTRY OF POTENTIAL BLOOD AND MARROW DONORS AND FUND EDUCATIONAL AND FINANCIAL SERVICES FOR PATIENTS AND FAMILIES BEFORE, DURING AND AFTER TRANSPLANT.OUR CONTRIBUTION TO CAROLINA BREAST FRIENDS ALLOWED 24 FOUNDATION TO SUPPORT WOMEN FACING A BREAST CANCER DIAGNOSIS WITH BOTH FINANCIAL SUPPORT AND ACCESS TO HEALTHCARE SUPPORT. OUR CONTRIBUTION TO CASTING CAROLINAS ALLOWED 24 FOUNDATION TO FUND 48 WOMEN WITH BREAST CANCER THROUGH IN-PERSON AND VIRTUAL RETREATS IN NORTH CAROLINA, WHERE THEY COMBINE MENTAL HEALTH, CANCER EDUCATION, AND PEER SUPPORT EXPERIENCES WITH THE THERAPEUTIC SPORT OF FLY FISHING. OUR CONTRIBUTION TO CLAIRES ARMY, PROVIDED FINANCIAL ASSISTANCE AND CLAIRE PACKAGES TO 116 FAMILIES AT LEVINES CHILDRENS HOSPITAL WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. PACKAGES INCLUDE NAVIGATION MATERIALS, FINANCIAL SUPPORT, AND OTHER ESSENTIAL SUPPORT MECHANISMS FOR FAMILIES RECEIVING THE WORST POSSIBLE NEWS. FUNDING ALSO SUPPORTED 545 FREE MEALS FOR FAMILIES IN-HOSPITAL. OUR CONTRIBUTION TO GO JEN GO GAVE 24 FOUNDATION THE OPPORTUNITY TO PROVIDE INDIVIDUALS AND FAMILIES BATTLING BREAST CANCER FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT THROUGHOUT NORTH AND SOUTH CAROLINA. SPECIFICALLY, FUNDING IS USED TO SUBSIDIZE RENT, PAY BILLS, AND CONDUCT HOME AND CAR REPAIRS FOR THOSE BATTLING BREAST CANCER. FUNDING FROM 24 FOUNDATION SUPPORT 324 CANCER SURVIVORS IN 2023. OUR CONTRIBUTION TO HOSPITALITY HOUSE OF CHARLOTTE PROVIDED MORE THAN 200 FAMILIES NAVIGATING CANCER TREATMENT AT A CHARLOTTE AREA HOSPITAL OVERNIGHT LODGING AND THE ABILITY TO STAY CLOSE TO THEIR LOVED ONE UNDERGOING TREATMENT AND GIVES THE PATIENT THE OPPORTUNITY TO STAY CLOSER TO THEIR SOURCE OF TREATMENT. OUR CONTRIBUTION TO ISABELLA SANTOS FOUNDATION PROVIDED PRECISION-BASED SUPPORT TO THE FAMILIES OF CHILDREN WITH RARE CANCER DIAGNOSES. OUR CONTRIBUTION TO NOTHING PINK, PROVIDED PRE AND POST-SURGERY CARE PACKAGES TO WOMEN FACING A TRIPLE-NEGATIVE BREAST CANCER DIAGNOSIS/SURGERY.OUR CONTRIBUTION TO PINKY SWEAR FOUNDATION, PROVIDED FINANCIAL SUPPORT TO 43 FAMILIES WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. OUR CONTRIBUTION TO QUEENS UNIVERSITY GAVE 24 FOUNDATION THE OPPORTUNITY TO SUPPORT STUDENTS AFFECTED BY CANCER THROUGH SCHOLARSHIP AND ENDOWMENT FUNDING, PROVIDING FINANCIAL ASSISTANCE FOR THEIR UNDERGRADUATE EXPERIENCE TO ENSURE CANCER HAS THE LEAST IMPACT POSSIBLE ON THEIR EDUCATIONAL PROCESS. FUNDING PROVIDED ONE $10,000 SCHOLARSHIP IN 2023. IN 2023, THE FUNDS RAISED AND DISTRIBUTED BY 24 FOUNDATION PROVIDED CRITICAL SUPPORT TO CANCER PATIENTS, SURVIVORS, AND THEIR FAMILIES BOTH NATIONALLY AND WITHIN THE LOCAL COMMUNITY. 24 FOUNDATIONS MISSION REMAINS FOCUSED ON ENGAGING AND INSPIRING COMMUNITIES THROUGH IMPACTFUL EVENTS THAT DIRECTLY BENEFIT THOSE AFFECTED BY CANCER.THE ONGOING COMMITMENT IS EVIDENT IN 24 FOUNDATIONS EFFORTS TO EXPAND CANCER NAVIGATION AND SURVIVORSHIP SERVICES. THESE SERVICES SIGNIFICANTLY ENHANCE THE QUALITY OF LIFE FOR INDIVIDUALS DEALING WITH CANCER, OFFERING PERSONALIZED SUPPORT AND VALUABLE INFORMATION ABOUT AVAILABLE SURVIVORSHIP PROGRAMS. THROUGHOUT 2023, 24 FOUNDATION MADE SUBSTANTIAL STRIDES IN ADVANCING THESE ESSENTIAL SERVICES.WITH A SUCCESSFUL YEAR OF FUNDRAISING IN THE REAR VIEW MIRROR, 24 FOUNDATION IS STRONGLY POSITIONED TO CONTINUE ITS VITAL WORK WITHIN THE CANCER COMMUNITY. 24 FOUNDATION IS DEDICATED TO FURTHER STRENGTHENING THE ORGANIZATIONAL INFRASTRUCTURE, IMPROVING THE QUALITY AND SCALABILITY OF ITS EVENTS THROUGH STRATEGIC PARTNERSHIPS, AND LAYING THE GROUNDWORK FOR EXPANDING THE IMPACT IN THE FUTURE.

    Expenses $980,785 · Grants $229,892 · Revenue $183,355

As filed on the 2023 return.

Listed in Part VII

  • Katherine Anderson Murphy

    Executive Dir.

    Total calculated
    $118,900
    From this org
    $118,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Chasse Bailey-Dorton

    Past Chair

    Total calculated
    $0
    Hours/week
    3
  • Blake Brinkley

    Director

    Total calculated
    $0
    Hours/week
    3
  • Daniel Cottingham

    Director

    Total calculated
    $0
    Hours/week
    3
  • Derek Cornwall

    Director

    Total calculated
    $0
    Hours/week
    3
  • Chad Frk

    Treasurer

    Total calculated
    $0
    Hours/week
    3
  • Wendy Fu

    Director

    Total calculated
    $0
    Hours/week
    3
  • Johan Jooste

    Director

    Total calculated
    $0
    Hours/week
    3
  • Garrett Lucas

    Director

    Total calculated
    $0
    Hours/week
    3
  • Spencer Lueders

    Founder

    Total calculated
    $0
    Hours/week
    3
  • Rick Melville

    Director

    Total calculated
    $0
    Hours/week
    3
  • Brian McKeon

    Secretary

    Total calculated
    $0
    Hours/week
    3
  • Jeffrey Strain

    Director

    Total calculated
    $0
    Hours/week
    3
  • Joe Vogelbacher

    Vice Chair

    Total calculated
    $0
    Hours/week
    3
  • Bob Woods

    Chair

    Total calculated
    $0
    Hours/week
    3
  • Patrick Meadors

    Director

    Total calculated
    $0
    Hours/week
    3
  • Matthew Cameron

    Vice President

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349309762

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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