Carolinas District Kiwanis Foundation Inc

Nonprofit profile at a glance

EIN
570722205
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Fayetteville, NC, USA
Phone
9109783600
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$262,969
Expenses
$171,140
Assets
$1,395,946
Liabilities
$0

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

Leadership & pay

10 people listed

Executive titles in this filing

  • WEBSTER JAMES (PRESIDENT)

People named in this filing

  • WEBSTER JAMES (PRESIDENT)
  • MARY JO BRUBAKER (SECRETARY)
  • ROBERT POOLE (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To offer financial assistance to the district, divisions, and to clubs to build, aid, foster, and promote the principals, and objectives of kiwanis throughout the carolinas district with an emphasis on financial assistance to our sponsored youth organizations - particularly builders clubs, key clubs, and circle k clubs.

What it reported doing in 2024

The foundation's main purpose is providing financial assistance in the form of grants to kiwanis clubs, kiwanis-family sponsored programs, and to kiwanis service programs whose scope is beyond the means of individual kiwanians, kiwanis clubs or local club foundations. In 2024/2025 the foundation provided more than $151,000 to member kiwanis clubs as well as other local organiziations and progrms that will further the goals and ideals of kiwanis and promote the growth and development of kiwanis in the area. In addition to providing grants to clubs across the district which includes North Carolina and South Carolina, the carolinas district kiwanis informs its member clubs of the numerous regional meetings that are designed to provide the clubs with valuable resources and training on how to grow and carry out the mission of the kiwanis. The foundation impacts the lives of children in the carolinas in a positive and meaningful manner.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 84
  • Accountability: 76
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.8%; rating input score 65
  • Program expense ratio: 88.6%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.1%; rating input score 92; 53rd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 34.9%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 8.16; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 12.5% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 64.8% of revenue deployed · 88.6% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $152K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 12 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.