Skip to content
Nonprofiteer
← All organizations

2040 FOUNDATION INC

EIN 46-3891359 CHARLOTTE, NC

Revenue 2024
$805,127
Expenses 2024
$14,695,873

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
T20
Classification
1200
Street
1355 GREENWOOD CLFS STE 400

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jay W Faison

    President

    Total calculated
    $19,354
    From this org
    $0
    From related orgs
    $19,354
    Other
    $0
    Hours/week
    5 + 1 related

  • Bert Davis

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Bill Clements

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Dana Ring

    Board Member

    Total calculated
    $266,693
    From this org
    $0
    From related orgs
    $237,362
    Other
    $29,331
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $218,278 related
    Bonus
    $0 + $19,084 related
    Other
    $0
    Deferred
    $0 + $16,847 related
    Nontaxable benefits
    $0 + $12,484 related
    Filer's total
    $0 + $266,693 related

  • Jeremy Harrell

    Board Member

    Total calculated
    $726,387
    From this org
    $0
    From related orgs
    $667,057
    Other
    $59,330
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $550,606 related
    Bonus
    $0 + $116,451 related
    Other
    $0
    Deferred
    $0 + $21,858 related
    Nontaxable benefits
    $0 + $37,472 related
    Filer's total
    $0 + $726,387 related

  • Matthew Eby

    Board Member

    Total calculated
    $54,049
    From this org
    $0
    From related orgs
    $53,077
    Other
    $972
    Hours/week
    2 + 38 related

  • Rich Powell

    Board Member

    Total calculated
    $283,601
    From this org
    $0
    From related orgs
    $253,530
    Other
    $30,071
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,530 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,171 related
    Nontaxable benefits
    $0 + $21,900 related
    Filer's total
    $0 + $283,601 related

  • Mark T Bruinooge

    Chief Financial Officer

    Total calculated
    $0
    Hours/week
    2

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $805,127
    Expenses
    $14,695,873
    Contributions
    $0
    Grants paid
    $12,784,227
  • 2023
    Revenue
    $392,925
    Expenses
    $16,517,816
    Contributions
    $0
    Grants paid
    $14,324,912
  • 2022
    Revenue
    -$421,090
    Expenses
    $17,286,494
    Contributions
    $0
    Grants paid
    $15,806,571

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

Nonprofiteer parses the Form 990 only. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SO.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.