Cabarrus County Partnership for Children Inc

Nonprofit profile at a glance

EIN
562088223
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Kannapolis, NC, USA
Phone
7049338278
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$3,680,218
Expenses
$4,615,224
Assets
$1,078,139
Liabilities
$40,681

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • ANN BENFIELD (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ANN BENFIELD (EXECUTIVE DIRECTOR): $133,185 total reported compensation
  • ARIEL AYERS (FINANCE DIRECTOR): $66,668 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The cabarrus partnership for children connects purpose, people and programs to ensure child well being. The partnership is a non-profit agency that provides health, education and family support services for children birth to five years old to ensure they are able to enter kindergarten healthy and prepared to be successful. The partnership is a collaborative organization and contracts with many community partners to provide services through a strategic planning process.

What it reported doing in 2024

Other programs: program planning, coordinating and evaluation - services include review of program effectiveness, measurement and reporting of outputs/outcomes and financial/programmatic monitoring. Child care and education quality - improves the quality of care for young children in local child care facilities, ncpk programs, head start programs, public school and church preschools. Programs include: early education liaison which provided individual professional development plans for 196 early educators. Conscious discipline provided training to 54 staff in 10 child care centers. Cabarrus share provided partial childcare tuition for 37 children. Child care and education affordability - financial assistance paid on a direct per child basis for the purchase of part or full-day care and/or rate enhancement for families eligible for temporary assistance for needy families (tanf) or the child care development fund (ccdf). Funds are allocated through a state-level contract for subsidy services. Wage$ salary support was provided for 132 eligible childcare providers. Cabarrus teacher on call provided 42 substitutes for childcare centers. Additional preschool slots provided 18 childcare slots.

Operating model

Revenue model
Grant-funded. 96% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 89
  • Accountability: 77
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.3%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.2%; rating input score 99; 37th percentile among comparable filings
  • 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: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: -25.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 46.5% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.3% of spending went to programs
  • Governance: 9 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.2M in reported program spending
  • Leadership: top reported pay $133K · 17 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 16 filed related-organization links
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 58/100.