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← 24 FOUNDATION INC

Form 990 for tax year 2024

Filed by 24 FOUNDATION INC.

Totals

Total revenue
$2,523,606
Total expenses
$3,212,013
Contributions and grants received
$1,620,520
Grants paid
$2,072,809
Program service revenue
$853,832
Investment income
$42,981
Other revenue
$6,273
Total assets, end of year
$1,912,944
Total liabilities, end of year
$1,830,753
Net assets or fund balances, end of year
$82,191
Program services expenses (Part IX)
$2,870,349
Management and general expenses
$213,024
Fundraising expenses
$128,640
Program service expenses (Part III)
$2,870,349

Program services were 89.4% 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.

  • 1f · All other contributions, gifts and grants

    $1,620,520

  • 1g · Noncash contributions included above

    $112,923

  • 2a · Program service revenue: Event Revenue

    total $853,832 · related or exempt $853,832

  • 3 · Investment income

    total $42,981 · excluded $42,981

  • 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 $6,273 · related or exempt $6,273

  • 11e · Other revenue, total

    $6,273

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,072,809 · program services $2,072,809

  • 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 $120,500 · program services $57,840 · management and general $24,100 · fundraising $38,560

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $220,173 · program services $92,162 · management and general $67,853 · fundraising $60,158

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $22,467 · program services $9,893 · management and general $6,064 · fundraising $6,510

  • 10 · Payroll taxes

    total $21,475 · program services $9,456 · management and general $5,796 · fundraising $6,223

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $28,650 · management and general $28,650

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $253,882 · program services $201,824 · management and general $52,058

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,183 · program services $277 · management and general $906

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $17,521 · program services $7,715 · management and general $4,729 · fundraising $5,077

  • 17 · Travel

    total $14,037 · program services $14,037

  • 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 $3,375 · program services $1,486 · management and general $911 · fundraising $978

  • 23 · Insurance

    total $7,977 · program services $1,027 · management and general $6,950

  • 24a · Other expenses: Refreshments

    total $99,115 · program services $99,115

  • 24b · Other expenses: Promotional Materials

    total $83,442 · program services $79,136 · management and general $4,306

  • 24c · Other expenses: Equipment Rental

    total $70,559 · program services $70,559

  • 24d · Other expenses: Awards & Recognition

    total $47,600 · program services $47,600

  • 24e · All other expenses

    total $127,248 · program services $105,413 · management and general $10,701 · fundraising $11,134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,013,763 · end of year $1,160,970

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $161,827 · end of year $721,586

  • 4 · Accounts receivable

    beginning of year $7,499 · end of year $7,606

  • 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 $11,451 · end of year $17,324

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

    $57,195

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

    $56,163

  • 10c · Land, buildings and equipment, net

    end of year $1,032

  • 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 $7,530 · end of year $4,426

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,123 · end of year $16,583

  • 18 · Grants payable

    beginning of year $402,500 · end of year $1,787,809

  • 19 · Deferred revenue

    beginning of year $16,849 · end of year $26,361

  • 27 · Net assets without donor restrictions

    beginning of year $770,598 · end of year $82,191

Mission and programs · 2024

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 27,000+ PARTICIPANTS FROM 50 STATES, IN ADDITION TO THEIR DONOR SUPPORT, AND RAISED OVER $30M FOR THIS MISSION SINCE OUR INCEPTION. SEE SCHEDULE I TO REVIEW GRANTS PAID IN 2024 TO FULFILL THIS MISSION. THE BELOW REPORT DETAILS GRANTS PAID IN DECEMBER 2023 AND UTILIZED BY GRANTEES IN THE 2024 FISCAL YEAR.

Activities or mission (Part I)

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

  • 2024 WAS A YEAR OF REMARKABLE GROWTH AND IMPACT FOR 24 FOUNDATION. PARTICIPATION, ENGAGEMENT, AND DONATIONS ALL REACHED NEW HEIGHTS MARKING ONE OF OUR MOST SUCCESSFUL FUNDRAISING YEARS YET. THANKS TO THE GENEROUS SUPPORT OF PARTICIPANTS, DONORS, AND CORPORATE PARTNERS, 24 FOUNDATION WAS ABLE TO PROVIDE CRITICAL FUNDING TO OUR BENEFICIARIES AND ADVANCE OUR MISSION TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF THOSE AFFECTED BY CANCER.THROUGH THE COLLECTIVE EFFORTS OF MORE THAN 1,000 IN-PERSON CYCLISTS, 30 VIRTUAL PARTICIPANTS, AND DOZENS OF WALKERS, PADDLERS, AND ROWERS - REPRESENTING OVER 20 STATES - WE RAISED MORE THAN $1,800,000 TO SUPPORT CANCER NAVIGATION AND SURVIVORSHIP PROGRAMS. THESE FUNDS ARE TRANSFORMING LIVES, PROVIDING RESOURCES, GUIDANCE, AND HOPE TO INDIVIDUALS AND FAMILIES NAVIGATING CANCER.BELOW ARE SOME OF THE OUTSTANDING ACCOMPLISHMENTS AND MILESTONES THAT DEFINED 2024 FOR 24 FOUNDATION:OUR CONTRIBUTION OF A 5-YEAR, $1.75M COMMITMENT, THAT IS TO BE PAID IN 2020 THROUGH 2024, 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 2024, WE CONTRIBUTED $402.5K, FULFILLING OUR $1.75M COMMITMENT. 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 12,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE DEPARTMENT OF INTEGRATIVE MEDICINE IN 2024. THROUGH 24 FOUNDATIONS FUNDING OF A BILINGUAL, SPANISH-SPEAKING NURSE NAVIGATOR AT LEVINE CANCER INSTITUTE. FUNDING AT LEVINE CHILDRENS HOSPITAL PROVIDED MORE THAN 310 PATIENT VISITS WITH A DEDICATED PSYCHOLOGY FELLOW IN THE DEPARTMENT OF SUPPORTIVE ONCOLOGY, AND OVER 300 PATIENT VISITS TO A DEDICATED INTEGRATIVE ONCOLOGY ACUPUNCTURIST. FUNDING ALSO PROVIDED MORE THAN 1,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE LCH DEPARTMENT OF INTEGRATIVE MEDICINE IN 2024.OUR CONTRIBUTION TO THE NATIONAL MARROW DONOR PROGRAM (FORMERLY 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 LATINA WOMEN FACING A BREAST CANCER DIAGNOSIS WITH BOTH FINANCIAL SUPPORT AND ACCESS TO ADDITIONAL HEALTHCARE PROGRAMSOUR CONTRIBUTION TO CASTING CAROLINAS ALLOWED 24 FOUNDATION TO FUND 20 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. FUNDING ALSO HELPED SUPPORT SURVIVORS SERVED BY CASTING CAROLINAS WHO WERE IMPACTED BY HURRICANE HELENEOUR CONTRIBUTION TO CLAIRES ARMY, PROVIDED FINANCIAL ASSISTANCE AND CLAIRE PACKAGES TO MORE THAN 80 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. 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. 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 FEAST FOR GOOD PROVIDED 190 CURATED LOCAL FARM BOXES (APPROXIMNATELY 2,850 LBS OF FOOD) AND 377 PREPARED MEALS SERVING THOSE BRAVING CANCER TREATMENT.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 22 FAMILIES WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. OUR CONTRIBUTION TO QUEENS UNIVERSITY ALLOWED 24 FOUNDATION 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 2024. IN 2024, THE FUNDS RAISED AND DISTRIBUTED BY 24 FOUNDATION CONTINUED TO MAKE A POWERFUL DIFFERENCE FOR CANCER PATIENTS, SURVIVORS, AND THEIR FAMILIES - BOTH ACROSS THE COUNTRY AND RIGHT HERE IN OUR LOCAL COMMUNITY. 24 FOUNDATIONS MISSION REMAINS CENTERED ON INSPIRING AND ENGAGING COMMUNITIES THROUGH MEANINGFUL EVENTS THAT DIRECTLY SUPPORT THOSE IMPACTED BY CANCER.THROUGHOUT 2024, 24 FOUNDATION STAYED FOCUSED ON EXPANDING CANCER NAVIGATION AND SURVIVORSHIP SERVICES - RESOURCES THAT HELP IMPROVE QUALITY OF LIFE BY PROVIDING PERSONALIZED GUIDANCE, CONNECTIONS TO CARE, AND ACCESS TO LIFE-CHANGING PROGRAMS. THESE EFFORTS CONTINUE TO BRIDGE CRITICAL GAPS IN SUPPORT FOR INDIVIDUALS AND FAMILIES NAVIGATING THE CANCER JOURNEY.AFTER A YEAR OF SUCCESSFUL FUNDRAISING AND COMMUNITY IMPACT, 24 FOUNDATION IS WELL-POSITIONED TO BUILD ON THIS MOMENTUM. THE ORGANIZATION REMAINS COMMITTED TO STRENGTHENING ITS INFRASTRUCTURE, ELEVATING THE QUALITY AND REACH OF ITS EVENTS THROUGH STRATEGIC PARTNERSHIPS, AND EXPANDING ITS IMPACT FOR YEARS TO COME.

    Expenses $2,870,349 · Grants $2,072,809 · Revenue $853,832

As filed on the 2024 return.

Listed in Part VII

  • Katherine Anderson Murphy

    Executive Dir.

    Total calculated
    $120,500
    From this org
    $120,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • John Coleman

    Director

    Total calculated
    $0
    Hours/week
    3
  • Blake Brinkley

    Director

    Total calculated
    $0
    Hours/week
    3
  • Daniel Cottingham

    Director

    Total calculated
    $0
    Hours/week
    3
  • Brad Hocking

    Treasurer

    Total calculated
    $0
    Hours/week
    3
  • Chad Frk

    Director

    Total calculated
    $0
    Hours/week
    3
  • Wendy Fu

    Director

    Total calculated
    $0
    Hours/week
    3
  • Johan Jooste

    Finance

    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

    Chair

    Total calculated
    $0
    Hours/week
    3
  • Bob Woods

    Past Chair

    Total calculated
    $0
    Hours/week
    3
  • Patrick Meadors

    Director

    Total calculated
    $0
    Hours/week
    3
  • Matthew Cameron

    BOM Chair

    Total calculated
    $0
    Hours/week
    3
  • Max Kennedy

    Director

    Total calculated
    $0
    Hours/week
    3
  • Meg Taylor

    Director

    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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533149349300033

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