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Nonprofiteer
← COMMUNITY INVESTMENTS FOUNDATION

Form 990 for tax year 2023

Filed by COMMUNITY INVESTMENTS FOUNDATION.

Totals

Total revenue
$18,964,117
Total expenses
$25,547,982
Contributions and grants received
$17,819,194
Grants paid
$24,039,550
Program services expenses (Part IX)
$24,713,669
Management and general expenses
$775,335
Fundraising expenses
$58,978
Program service expenses (Part III)
$24,713,669

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TODD W MANSFIELD

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • KIETH COCKRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • CHRIS POPLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • MARIAN STEELE CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • MICHAEL MARSICANO

    PRESIDENT & CEO

    Total calculated
    $958,170
    From this org
    $0
    From related orgs
    $951,490
    Other
    $6,680
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $14,649 related
    Bonus
    $0 + $500,000 related
    Other
    $0 + $436,841 related
    Deferred
    $0 + $5,504 related
    Nontaxable benefits
    $0 + $1,176 related
    Filer's total
    $0 + $958,170 related

  • LAURA SMITH

    EXECUTIVE VP

    Total calculated
    $848,042
    From this org
    $0
    From related orgs
    $771,548
    Other
    $76,494
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $566,004 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $5,544 related
    Deferred
    $0 + $59,400 related
    Nontaxable benefits
    $0 + $17,094 related
    Filer's total
    $0 + $848,042 related

  • NIKHIL SAWANT

    EXECUTIVE VP & CIO

    Total calculated
    $402,303
    From this org
    $0
    From related orgs
    $333,554
    Other
    $68,749
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,942 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $3,612 related
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $25,249 related
    Filer's total
    $0 + $402,303 related

  • DOUGLAS W BENSON

    SENIOR VP & GENERAL COUNSEL

    Total calculated
    $422,326
    From this org
    $0
    From related orgs
    $375,935
    Other
    $46,391
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,558 related
    Bonus
    $0 + $127,150 related
    Other
    $0 + $1,227 related
    Deferred
    $0 + $34,680 related
    Nontaxable benefits
    $0 + $11,711 related
    Filer's total
    $0 + $422,326 related

  • ALYSSA FEDERICO

    SENIOR VP, FINANCE

    Total calculated
    $384,568
    From this org
    $0
    From related orgs
    $337,555
    Other
    $47,013
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,520 related
    Bonus
    $0 + $117,000 related
    Other
    $0 + $1,035 related
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $3,513 related
    Filer's total
    $0 + $384,568 related

  • ELIZABETH KISER

    SENIOR VP, PHILANTHROPIC ADVANCEMENT

    Total calculated
    $273,195
    From this org
    $0
    From related orgs
    $215,547
    Other
    $57,648
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,512 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $1,035 related
    Deferred
    $0 + $39,600 related
    Nontaxable benefits
    $0 + $18,048 related
    Filer's total
    $0 + $273,195 related

  • EVAN WOLKOFSKY

    ASSISTANT DEPUTY COUNSEL

    Total calculated
    $209,708
    From this org
    $0
    From related orgs
    $162,126
    Other
    $47,582
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,707 related
    Bonus
    $0 + $7,250 related
    Other
    $0 + $1,169 related
    Deferred
    $0 + $30,105 related
    Nontaxable benefits
    $0 + $17,477 related
    Filer's total
    $0 + $209,708 related

  • ROBIN BAREFOOT

    ASSOCIATE COUNSEL

    Total calculated
    $178,857
    From this org
    $0
    From related orgs
    $135,485
    Other
    $43,372
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,127 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $3,358 related
    Deferred
    $0 + $24,660 related
    Nontaxable benefits
    $0 + $18,712 related
    Filer's total
    $0 + $178,857 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 — 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

The filer's explanations (Part III)

PART I, LINE 3
FOUNDATION FOR THE CAROLINAS (SUPPORTED ORGANIZATION) UTILIZES A COMPENSATION COMMITTEE TO REVIEW EXECUTIVE COMPENSATION ON AN ANNUAL BASIS. AN INDEPENDENT CONSULTANT REVIEWS ALL EMPLOYEE POSITIONS, USING COMPENSATION SURVEYS AND OTHER RELEVANT DATA TO PROVIDE RECOMMENDED SALARY RANGES FOR EACH POSITION, INCLUDING EXECUTIVE POSITIONS. DATA PROVIDED BY THE INDEPENDENT CONSULTANT IS REVIEWED BY THE COMPENSATION COMMITTEE AS PART OF THE APPROVAL PROCESS.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413209349311456

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

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