Cumberland Community Foundation Inc

Nonprofit profile at a glance

EIN
581406831
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Fayetteville, NC, USA
Phone
9104834449
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$17,480,282
Expenses
$11,459,095
Assets
$149,241,946
Liabilities
$16,284,811

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

Leadership & pay

23 people listed

Executive titles in this filing

  • MARY HOLMES (PRESIDENT/CEO)

Highest reported compensation

  • MARY HOLMES (PRESIDENT/CEO): $210,929 total reported compensation
  • MARY ANNE BROOKS (CHIEF FINANCIAL OFFICER): $142,218 total reported compensation

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

Overview

Mission

Our mission is giving together to enhance the quality and spirit of community life. Our vision is a vibrant, inclusive community that provides sustainable opportunities for generations. We believe in : 1) trustworthy, accountable stewardship of all charitable resources; 2) the power of collective giving to support community needs and opportunities; 3) engaging our diverse community to improve the quality and spirit of community life; 4) building endowments to sustain donor intent and achieve community change for the long term; and 5) continuous improvement to achieve excellence in all aspects of our work.

What it reported doing in 2024

Cumberland community foundation (ccf) facilitates and encourages philanthropy in cumberland county, North Carolina through grant making, scholarships, endowment building for diverse causes, community leadership, and nonprofit training. During fiscal year 2024-2025, ccf made scholarships and grants totaling $10,059,093 to support students and programs in education, human services, youth, health, environment, historical preservation, arts and culture, economic empowerment, and other types of charitable programs. Ccf provides community leadership through training and technical assistance for local nonprofit organizations, fundraising campaigns for diverse organizations, convenings to build collaboration and impact, donor education events, and service on communitywide projects that improve the quality of life in many areas.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some related-organization disclosures are missing and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 72
  • Accountability: 91
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.5%; rating input score 75
  • Program expense ratio: 94.7%; rating input score 95
  • Fundraising efficiency: $51.87 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 86.7%; rating input score 87; 1st percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 91.7%; rating input score 92; 21st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 34.4%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 13.02; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 74.5% of revenue deployed · 94.7% of spending went to programs
  • Governance: 21 of 21 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.9M in reported program spending
  • Leadership: top reported pay $211K · 23 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 30 of 32 current checks pass · 2 findings to review
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 6 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 125 filed money-flow records
  • Related organizations: 120 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.

  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.