Charlotte's Finest Legacy Foundation

Nonprofit profile at a glance

EIN
271601370
IRS 990-EZ coverage
2013–2021
Forms available
Form 990-EZ 2021
Location
Charlotte, NC, USA
Phone
7048063970
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$13,612
Expenses
$15,139
Assets
$151,108

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • SUSAN MANASSAH (EXECUTIVE DI)
  • JIM GILLILAND (CHIEF OPERAT)
  • KATIE SCHWARTZ (CHIEF INFORM)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the charlotte's finest legacy foundation is to provide underprivileged youth with the opportunity to pursue a career in law enforcement through the aid of a college scholarship program. The charlotte's finest legacy foundation was establisined to provide the youth of charlotte, nc and mecklenburg county with the freedom to continiue their education past high school. The charlotte's finest legacy foundation is the result of a collaborative effort designed to honor the memory of charlotte's fallen heroes by furthering their legacy through the pursiut of higher education.

What it reported doing in 2021

Scholarships to promote law enforsement.

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

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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -11.2%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 9.98; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 14.1% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2013 to 2021
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 27/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.