Charlotte Regional Business Alliance Foundation

Nonprofit profile at a glance

EIN
562227354
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Charlotte, NC, USA
Phone
7043781324
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$1,648,445
Expenses
$1,612,050
Assets
$1,310,869
Liabilities
$264,910

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

Leadership & pay

11 people listed

Executive titles in this filing

  • ANDREA SMITH NON-VOTING (INTERIM PRESIDENT & CEO OF CRBA)
  • NATHANIEL HOGAN (PRESIDENT,CLT ALLIANCE FDT)

Highest reported compensation

  • NATHANIEL HOGAN (PRESIDENT,CLT ALLIANCE FDT): $252,455 total reported compensation
  • TYWANDA BOLTON (DIRECTOR OF SMALL BUSINESS AND ENTREPRENEURSHIP): $182,792 total reported compensation

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

Overview

Mission

Small businesses and business leaders thrive.

What it reported doing in 2024

Leadership academy of charlotte is a 10 month leadership program which has given more than 300 leaders across the nation the opportunity to advance their careers into senior executive and c-suite roles. Executive leaders excel in their professions and grow their careers. Guided by a research-based curriculum, participants go through extensive coaching and personal development.digital marketplace for purchasing and supplier organizations: the foundation helps increase the visibility of mid-market companies that are seeking to offer contracting opportunities to small business.ace: accounting for charlotte entrepreneurs supplements the ongoing need for accounting, marketing and legal services, the foundation works in partnership with organizationswhich provides services to entrepreneurs and small business owners.wellness: this 6-month program supports entrepreneurs' well-being through financial education, relaxation workshops, and a cohort experience where participants can build a self care plan with accountability partners. Catch your breath is designed to combat burnout and chronic stress.regional transportation: provide guidance and engagement with local leaders on a regional comprehensive transportation plan that will be unifying to the regional governments of charlotte and mecklenburg county and the state to enhance the growth of all businesses in the charlotte region.nc grant: North Carolina state grant to study the downtown office conversion and potential impacts to the small business community.

Operating model

Revenue model
Donor-supported. 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 65
  • Accountability: 95
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.5%; rating input score 80
  • Program expense ratio: 81.9%; rating input score 82
  • Fundraising efficiency: $6.29 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.2%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 44.7% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 36.6% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 31.8% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 80.5% of revenue deployed · 81.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $252K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 23/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.