Carolinas Club Foundation
Nonprofit profile at a glance
- EIN
- 331097516
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Brevard, NC, USA
- Phone
- 8285531073
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $100,424
- Expenses
- $97,282
- Assets
- $494,496
- Liabilities
- $17,408
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- JOSHUA BASKEY (CHAIR/VICE-CHAIR)
- TAYLOR LARSEN HEAP (VICE-CHAIR)
- ERIN SCHLEGEL (SECRETARY-TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To raise funds to financially support the professional development of carolinas club managers and student chapters through education and training. The organization is committed to supporting and contributing to the development, growth, and image of the club management industry.
What it reported doing in 2024
Benevolence: from time to time, the foundation provides financial assistance to members of the carolinas chapter cmaa and their employees who have experienced undue hardship resulting from a natural disaster, medical need, or economic circumstances. Applications are required and any assistance is approved by the foundation board.
Operating model
- Revenue model
- Other-operating. 65% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% 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. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 84.9%; rating input score 85
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.1%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 5.08; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: -0.5% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 84.2% of revenue deployed · 84.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $83K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.