The Kaizen Foundation of North Carolina

Nonprofit profile at a glance

EIN
872330270
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-N 2024
Location
Charlotte, NC, USA
Phone
9802391871
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Family Services

Reported finances

Revenue
$15,647
Expenses
$16,255
Assets
$10,059
Liabilities
$2,843

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

Leadership & pay

10 people listed

Executive titles in this filing

  • Janet Beamer (President)

Highest reported compensation

  • Kimberly Morrison-Hansley (Executive Dir.): $15,000 total reported compensation

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

Overview

Mission

The Kaizen Foundation of NC is a 501(c)(3) tax-exempt organization based in the greater Charlotte area. We are a community-based organization that is committed to advancing financial literacy and upward mobility. TKFNC supports the financial education efforts of its partners and affiliates, brings together the financial literacy community to foster cooperation and collaboration. TKFNC raises the importance of financial literacy and the importance of effective financial education.

What it reported doing in 2025

The Kaizen Foundation of North Carolina has made meaningful progress in expanding access to practical financial education, coaching, and targeted support for individuals and families facing economic instability. Through the Kaizen Literacy Program, TKFNC served 247 Literacy Partners, held 34 financial literacy classes, and provided 21 counseling hours, helping participants strengthen their financial knowledge, decision-making, and confidence. This impact was made possible through strong community support and volunteer engagement. TKFNC mobilized 54 volunteers, contributing 84.5 fundraising volunteer hours to support program growth and sustainability. These efforts helped raise $8,500 in fundraising dollars, including $3,000 designated for targeted financial assistance to help reduce barriers for participants working toward greater stability. In addition to community fundraising, TKFNC secured $34,950 in grant funding to expand evidence-informed financial literacy, coaching, and support services across North Carolina. These accomplishments reflect TKFNCs growing capacity to address financial inequities through practical education, individualized counseling, and trusted community-based partnerships that promote long-term financial success.

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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 58
  • Sustainability: 29
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.7%; rating input score 86
  • Program expense ratio: 82.5%; rating input score 82
  • Fundraising efficiency: Limited

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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.9%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.62; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 92.3%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 85.7% of revenue deployed · 82.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 0 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $13K in reported program spending
  • Leadership: top reported pay $15K · 10 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 7 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.