Skip to content
Nonprofiteer
← COMMUNITY INVESTMENTS FOUNDATION

Form 990 for tax year 2024

Filed by COMMUNITY INVESTMENTS FOUNDATION.

Totals

Total revenue
$16,512,191
Total expenses
$25,261,721
Contributions and grants received
$13,583,805
Grants paid
$23,842,981
Program services expenses (Part IX)
$24,477,015
Management and general expenses
$729,232
Fundraising expenses
$55,474
Program service expenses (Part III)
$24,477,015

Program services were 96.9% 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
    $0
    Hours/week
    5 + 50 related

  • LAURA SMITH

    EXECUTIVE VP

    Total calculated
    $440,043
    From this org
    $0
    From related orgs
    $436,231
    Other
    $3,812
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $436,117 related
    Bonus
    $0
    Other
    $0 + $114 related
    Deferred
    $0 + $3,669 related
    Nontaxable benefits
    $0 + $143 related
    Filer's total
    $0 + $440,043 related

  • NIKHIL SAWANT

    EXECUTIVE VP & CIO

    Total calculated
    $270,775
    From this org
    $0
    From related orgs
    $245,614
    Other
    $25,161
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,929 related
    Bonus
    $0
    Other
    $0 + $685 related
    Deferred
    $0 + $12,239 related
    Nontaxable benefits
    $0 + $12,922 related
    Filer's total
    $0 + $270,775 related

  • DOUGLAS W BENSON

    SENIOR VP & GENERAL COUNSE

    Total calculated
    $305,316
    From this org
    $0
    From related orgs
    $258,355
    Other
    $46,961
    Hours/week
    5 + 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

  • ALYSSA FEDERICO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $274,535
    From this org
    $0
    From related orgs
    $228,615
    Other
    $45,920
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,580 related
    Bonus
    $0
    Other
    $0 + $1,035 related
    Deferred
    $0 + $41,004 related
    Nontaxable benefits
    $0 + $4,916 related
    Filer's total
    $0 + $274,535 related

  • ELIZABETH KISER

    SENIOR VP, PHILANTHROPIC A

    Total calculated
    $259,934
    From this org
    $0
    From related orgs
    $202,221
    Other
    $57,713
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,186 related
    Bonus
    $0
    Other
    $0 + $1,035 related
    Deferred
    $0 + $37,296 related
    Nontaxable benefits
    $0 + $20,417 related
    Filer's total
    $0 + $259,934 related

  • EVAN WOLKOFSKY

    ASSISTANT DEPUTY COUNSEL

    Total calculated
    $270,575
    From this org
    $0
    From related orgs
    $213,325
    Other
    $57,250
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,290 related
    Bonus
    $0
    Other
    $0 + $1,035 related
    Deferred
    $0 + $39,380 related
    Nontaxable benefits
    $0 + $17,870 related
    Filer's total
    $0 + $270,575 related

  • ROBIN BAREFOOT

    ASSOCIATE COUNSEL

    Total calculated
    $180,671
    From this org
    $0
    From related orgs
    $139,084
    Other
    $41,587
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,410 related
    Bonus
    $0
    Other
    $0 + $3,674 related
    Deferred
    $0 + $24,696 related
    Nontaxable benefits
    $0 + $16,891 related
    Filer's total
    $0 + $180,671 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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349323841

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

The source document this was parsed from is served over the API, which is where bulk and document access live.