Carolinas Freedom Foundation
Nonprofit profile at a glance
- EIN
- 562024977
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Charlotte, NC, USA
- Phone
- 9804223733
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $106,268
- Expenses
- $83,296
- Assets
- $80,764
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- SUSAN YARBER (EXEC. DIRECTOR)
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
The Carolinas Freedom Foundation mission is to inspire patriotism and leadership in our community, especially in our youth.
What it reported doing in 2024
Freedom breakfast: over 125 people attended a breakfast/ fundraiser honoring both veterans and civilians for outstanding service to our countrythrough their past and current meritorious acts of selfless service
Operating model
- Revenue model
- Donor-supported. 100% 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.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 100
- Sustainability: 53
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33.9%; rating input score 34
- Program expense ratio: 39.1%; rating input score 39
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21.6%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 57.6%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: -5.7% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: -2.3% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 33.9% of revenue deployed · 39.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $33K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 34/100.
- Moderate — Financial Efficiency: Program expense ratio scored 39/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 3/100.