Totals
- Total revenue
- $82,194
- Total expenses
- $501,985
- Contributions and grants received
- $573
- Grants paid
- $273,000
- Program service revenue
- $0
- Investment income
- $81,621
- Other revenue
- $0
- Total assets, end of year
- $800,371
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $800,371
- Program services expenses (Part IX)
- $432,249
- Management and general expenses
- $33,069
- Fundraising expenses
- $36,667
- Program service expenses (Part III)
- $432,249
Program services were 86.1% 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
$573
-
3 · Investment income
total $81,621 · related or exempt $81,621
-
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
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $273,000 · program services $273,000
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $192,000 · program services $135,600 · management and general $26,400 · fundraising $30,000
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $144 · program services $100 · management and general $22 · fundraising $22
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,838 · program services $4,086 · management and general $876 · fundraising $876
-
11c · Fees: accounting
total $3,001 · program services $2,101 · management and general $450 · fundraising $450
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $9,400 · program services $3,580 · management and general $2,910 · fundraising $2,910
-
13 · Office expenses
total $903 · program services $632 · management and general $136 · fundraising $135
-
14 · Information technology
total $711 · program services $497 · management and general $107 · fundraising $107
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,500 · program services $1,750 · management and general $375 · fundraising $375
-
17 · Travel
total $0
-
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 $0
-
23 · Insurance
total $3,206 · program services $2,244 · management and general $481 · fundraising $481
-
24a · Other expenses: Investment Advisory Expenses
total $7,851 · program services $5,496 · management and general $1,178 · fundraising $1,177
-
24b · Other expenses: Program Expenses
total $2,535 · program services $2,535
-
24c · Other expenses: Other M & E
total $860 · program services $602 · management and general $129 · fundraising $129
-
24d · Other expenses: Operational Expenses
total $28 · program services $20 · management and general $4 · fundraising $4
-
24e · All other expenses
total $8 · program services $6 · management and general $1 · fundraising $1
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,220,162 · end of year $51,719
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $748,652
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,220,162 · end of year $800,371
Mission and programs · 2024
Mission
We combine a relationship-focused approach with the strategic investment mindset of venture capital. We find and support high-potential, early-stage nonprofits/leaders who create meaningful change within historically marginalized communities in Charlotte.
Activities or mission (Part I)
We combine a relationship-focused approach with the strategic investment mindset of venture capital. We find and support high-potential, early-stage nonprofits/leaders who create meaningful change within historically marginalized communities in Charlotte. Our three-year partnerships are focused on building business capability for long-term sustainability and amplified ingenuity. Our approach is holistic, going all-in with our partners, combining business expertise, social capital and unrestricted funding. We also offer one-time grants, which are our votes of confidence, in early stage organizations that show ingenuity and promise for meaningful human impact.
-
Reemprise entered into two new Strategic Partnerships, a three-year holistic partnership with innovative, on-the-ground organizations serving historically marginalized communities in Charlotte. These partnerships include business capability support, social capital and unrestricted funding. We gave three early stage organizations one-time, unrestricted grants to convey our vote of confidence in their work and the direction their businesses are heading. We feel they could likely be good candidates for future Strategic Partnerships. The grant to ourBRIDGE completed our grant commitment that focused on building multi-generational relationships between the residents of Aldersgate senior community and ourBRIDGE students.
Expenses $432,249 · Grants $273,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Charlie Elberson
President
- Total calculated
- $0
- Hours/week
- 1
-
Chrystal R Joy
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Sam L Smith Jr
Secretary
- Total calculated
- $0
- Hours/week
- 1
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
-
$115,000
Multi-year, strategic partnership
-
$95,000
Multi-year, strategic partnership
-
$30,000
Unrestricted program support
-
$15,000
One-time, vote of confidence
-
$10,000
One-time, vote of confidence
-
$7,000
One-time, vote of confidence
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202530989349300823
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