Reemprise Fund

Nonprofit profile at a glance

EIN
884417186
IRS 990 coverage
2023–2025
Forms available
Form 990 2025
Location
Charlotte, NC, USA
Phone
7047378889
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$78,545
Expenses
$362,443
Assets
$516,474
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Charlie Elberson (President)

People named in this filing

  • Charlie Elberson (President)
  • Chrystal R Joy (Treasurer)
  • Sam L Smith Jr (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Reemprise Fund is a venture philanthropy organization that invests in emerging nonprofit leaders and early-stage organizations serving historically marginalized communities in Charlotte, North Carolina. The organization builds relationships that deepen over time and provides a range of supportsincluding multi-year strategic partnerships, grantmaking, organizational assessment, and hands-on capability buildingto strengthen leadership, operations, and long-term sustainability. Through this continuum of engagement, Reemprise offers strategic guidance, evaluation and learning support, and access to its network to help nonprofit organizations grow stronger, more resilient, and better positioned for lasting impact.

What it reported doing in 2025

Reemprise Fund maintained two active Strategic Partnerships during 2025, each representing a three-year engagement with nonprofit organizations. These partnerships included unrestricted grant funding, organizational capability-building support, and ongoing strategic guidance to strengthen leadership, operations, and long-term sustainability. In addition to these funded partnerships, Reemprise engaged with a broader group of nonprofit leaders through relationship-building, strategic advising, and the sharing of connections and resources. This work included regular engagement with early-stage organizations, providing thought partnership, capability support, and access to networks to help strengthen their development and assess potential for deeper, long-term partnership.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 93
  • Accountability: 82
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.2%; rating input score 82
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -361.4%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 1.42; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: -128% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -41.6% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.2% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $298K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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 — Financial Efficiency: Fundraising efficiency scored 4/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.