High Point Community Foundation
Nonprofit profile at a glance
- EIN
- 561695787
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- High Point, NC, USA
- Phone
- 3368823298
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Community Foundations
Reported finances
- Revenue
- $28,891,747
- Expenses
- $8,877,094
- Assets
- $131,145,352
- Liabilities
- $6,261,566
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Paul Lessard (President)
Highest reported compensation
- Paul Lessard (President): $208,731 total reported compensation
- Karol Murks (Chief Financial Officer): $117,151 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The high point community foundation is a catalyst for positive change that promotes philanthropy, administers an expanding grants program and serves as a trustworthy partner in responding to community needs. Our vision is to establish and sustain a permanent financial resource that supports a diverse, healthy, and productive community for both present and future generations
What it reported doing in 2024
The High Point Community Foundation's main program is to provide grants to local nonprofit organizations. To that end in this fiscal year the Annual Grants Program granted over $540,000. The Heart of High Point Initiative Fund granted $37,600.55 to nonprofit organizations providing basic needs for emergencies that might shut down operations. The Women's Fund of High Point awarded grants totaling $46,200 to nonprofits specifically benefitting women in the greater High Point community. The HPCF also maintains donor advised funds through which $6,577,300 was granted to other nonprofit organizations both locally and nationally.
Operating model
- Revenue model
- Donor-supported. 82% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 90
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.7%; rating input score 60
- Program expense ratio: 85.1%; rating input score 85
- Fundraising efficiency: $30.43 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- 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: 7.3%; rating input score 7; 8th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 69.3%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 14.77; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 59.7% of revenue deployed · 85.1% of spending went to programs
- Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.6M in reported program spending
- Leadership: top reported pay $209K · 21 people listed · 3 of 6 pay-setting controls reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 25 filed money-flow records
- Related organizations: 23 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: Grant itemization coverage scored 7/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.