Totals
- Total revenue
- $3,378,391
- Total expenses
- $2,170,690
- Contributions and grants received
- $3,130,512
- Grants paid
- $1,637,562
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $247,879
- Total assets, end of year
- $4,743,581
- Total liabilities, end of year
- $2,500
- Net assets or fund balances, end of year
- $4,741,081
- Program services expenses (Part IX)
- $1,875,817
- Management and general expenses
- $274,028
- Fundraising expenses
- $20,845
- Program service expenses (Part III)
- $1,875,817
Program services were 86.4% 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.
-
1c · Fundraising events
$21,865
-
1f · All other contributions, gifts and grants
$3,108,647
-
8a · Fundraising events: gross income
$120,113
-
8a · Fundraising events: contributions included on line 1c
$21,865
-
8b · Fundraising events: direct expenses
$76,942
-
8c · Net income from fundraising events
total $43,171 · excluded $43,171
-
11a · Other revenue: ADMINISTRATIVE FEES
total $204,708 · excluded $204,708
-
11e · Other revenue, total
$204,708
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,637,562 · program services $1,637,562
-
5 · Compensation of officers, directors and key employees
total $175,575 · program services $78,464 · management and general $90,246 · fundraising $6,865
-
11f · Fees: investment management
total $42,831 · program services $19,141 · management and general $22,015 · fundraising $1,675
-
11g · Fees: other
total $216,566 · program services $96,783 · management and general $111,315 · fundraising $8,468
-
12 · Advertising and promotion
total $5,936 · program services $2,653 · management and general $3,051 · fundraising $232
-
13 · Office expenses
total $1,419 · program services $635 · management and general $729 · fundraising $55
-
14 · Information technology
total $5,498 · program services $2,457 · management and general $2,826 · fundraising $215
-
17 · Travel
total $990 · program services $442 · management and general $509 · fundraising $39
-
19 · Conferences, conventions and meetings
total $352 · program services $157 · management and general $181 · fundraising $14
-
24a · Other expenses: SHARED EMPLOYEE EXPENSE
total $65,325 · program services $29,194 · management and general $33,577 · fundraising $2,554
-
24b · Other expenses: PROJECT EXPENSE
total $17,250 · program services $7,709 · management and general $8,867 · fundraising $674
-
24c · Other expenses: BOARD EXPENSES
total $722 · program services $323 · management and general $371 · fundraising $28
-
24d · Other expenses: DUES
total $664 · program services $297 · management and general $341 · fundraising $26
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $312,106 · end of year $355,996
-
2 · Savings and temporary cash investments
beginning of year $2,224 · end of year $2,198
-
3 · Pledges and grants receivable
beginning of year $20,750 · end of year $3,000
-
12 · Investments: other securities
beginning of year $3,018,787 · end of year $4,382,387
-
18 · Grants payable
beginning of year $10,000
-
19 · Deferred revenue
end of year $2,500
-
27 · Net assets without donor restrictions
beginning of year $402,522 · end of year $513,830
-
28 · Net assets with donor restrictions
beginning of year $2,941,345 · end of year $4,227,251
Mission and programs · 2024
Mission
THE CMS FOUNDATION INVESTS IN INNOVATION TO HELP CHARLOTTE-MECKLENBURG SCHOOLS (CMS) ADDRESS BIG CHALLENGES AND EXPAND OPPORTUNITIES FOR OUR STUDENTS AND EDUCATORS. AS THE NONPROFIT FUNDRAISING PARTNER FOR CHARLOTTE MECKLENBURG SCHOOLS, WE HARNESS THE POWER OF PHILANTHROPY TO SEED INNOVATIVE IDEAS AND ACCELERATE SYSTEM-WIDE TRANSFORMATION.
Activities or mission (Part I)
THE CMS FOUNDATION INVESTS IN INNOVATION TO HELP CHARLOTTE-MECKLENBURG SCHOOLS (CMS) ADDRESS BIG CHALLENGES AND EXPAND OPPORTUNITIES FOR OUR STUDENTS AND EDUCATORS.
-
DISTRIBUTED GRANTS TO AND ON BEHALF OF CHARLOTTE MECKLENBURG SCHOOLS IN SUPPORT OF TEACHERS AND EDUCATIONAL PROGRAMS.
Expenses $1,875,817 · Grants $1,637,562
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David WebbDAVID WEBB
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas W BensonDOUGLAS W BENSON
DIRECTOR
- Total calculated
- $305,316
- From this org
- $0
- From related orgs
- $258,355
- Other
- $46,961
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $257,320 related
- Bonus
- $0
- Other
- $0 + $1,035 related
- Deferred
- $0 + $41,400 related
- Nontaxable benefits
- $0 + $5,561 related
- Filer's total
- $0 + $305,316 related
-
Gerard M CamachoGERARD M CAMACHO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carrie CookCARRIE COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlitta HatchCHARLITTA HATCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Crystal HillDR CRYSTAL HILL
SUPERINTENDENT
- Total calculated
- $448,443
- From this org
- $0
- From related orgs
- $347,747
- Other
- $100,696
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $347,747 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $78,434 related
- Nontaxable benefits
- $0 + $22,262 related
- Filer's total
- $0 + $448,443 related
-
Lindsay H JonesLINDSAY H JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sheila JordanSHEILA JORDAN
DIRECTOR (THRU 11/12/2024)
- Total calculated
- $0
- Hours/week
- 1
-
Thomas M ScrivenerTHOMAS M SCRIVENER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg SkidmoreGREG SKIDMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg AlcornGREG ALCORN
DIRECTOR (THRU 02/05/2025)
- Total calculated
- $0
- Hours/week
- 1 + 50 related
-
Deidra Parrish WilliamsDEIDRA PARRISH WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nikki MooreNIKKI MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Justin PerryJUSTIN PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura TurnerLAURA TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sonja Gantt GibsonSONJA GANTT GIBSON
EXECUTIVE DIRECTOR
- Total calculated
- $173,498
- From this org
- $0
- From related orgs
- $131,095
- Other
- $42,403
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $131,095 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,572 related
- Nontaxable benefits
- $0 + $9,831 related
- Filer's total
- $0 + $173,498 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CHARLOTTE MECKLENBURG SCHOOLS
$1,637,562
EDUCATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · GRANTMAKING · NC
-
CHARLOTTE MECKLENBURG SCHOOLS
170(C)(1) · EDUCATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601339349302805
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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