Concord NC Police Foundation
Nonprofit profile at a glance
- EIN
- 862413524
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Concord, NC, USA
- Phone
- 7049206024
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Service Clubs
Reported finances
- Revenue
- $80,212
- Expenses
- $91,724
- Assets
- $198,402
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- Steve Steinbacher (Chair)
- Jennifer Hubbard (Vice Chair)
- Charles Stallings (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 support Concord Police Department employees and their immediate family members, and to supplement department funding for innovative community police programs, equipment, and technology that make Concord a safer community to live, work, and visit.
What it reported doing in 2024
Provided financial assistance to officers seriously injured or killed in the line of duty; and for officers who experience out-of-pocket expenses from a work-related injury (physical or emotional) that is otherwise not covered by their employer.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Sustainability: 39
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.4%; rating input score 84
- Program expense ratio: 73.8%; rating input score 74
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: -14.4%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 67; 67th 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: -5.8% per year; rating input score 0; 34th percentile among comparable filings
- Revenue growth: -33.8% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 84.4% of revenue deployed · 73.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $68K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2023 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: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.