Carolina Federation Fund

Overview

Mission

The carolina federation fund is a community organizing, civic education, and leadership development organization committed to economic, racial, gender, and environmental justice for all residents of the state of North Carolina. Through community education and leadership training we work to develop the capacities of multi-racial groups to address local, statewide, and national issues that impact the people of North Carolina.

What it reported doing in 2024

Base-building & membership growth programs in chapter counties: forsyth, guilford, durham, and new hanover

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
842537864
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Headquarters
Durham, NC, USA
Phone
9194859329
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 92
  • Accountability: 66
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.8%; rating input score 40
  • Program expense ratio: 66%; rating input score 66
  • Fundraising efficiency: $24.46 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 40.7%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 1.85; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 38.1% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 34.3% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 43.8% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 39.8% of revenue deployed · 66% of spending went to programs
  • Governance: 3 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $904K in reported program spending
  • Leadership: top reported pay $67K · 7 people listed
  • Highest-paid contractors: 1 contractor listed · $2.8M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 annual filings from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

7 people listed

Highest reported compensation

  • SENDOLO DIAMINAH (CO-DIRECTOR): $67,306 total reported compensation
  • JENNIFER FRYE (CO-DIRECTOR): $65,180 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.