Cms Foundation
- Assets
- $2.6m
- Revenue
- $3.8m
- Investments
- $2.5m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/2004
- Data as of
- 06/2021
- EIN
- 20-0258541
Organization Overview
Cms Foundation is located in Charlotte, NC. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cms Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cms Foundation generated $3.8m in total revenue. All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 58.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CMS FOUNDATION IS THE TRUSTED BRIDGE BETWEEN CMS AND THE DONOR COMMUNITY. WE ARE DEDICATED TO (1) PEOPLE - CULTIVATING A SPIRIT OF GENEROSITY AND PROFESSIONAL SUPPORT FOR CMS EDUCATORS (2) POWER - BEING A CATALYST FOR ACHIEVING SYSTEM-WIDE DREAMS, GOALS AND OBJECTIVES. (3) PURPOSE - DEVELOPING A COUNTYWIDE CULTURE OF SUPPORT FOR THE CHILDREN OF CMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED GRANTS TO AND ON BEHALF OF CHARLOTTE MECKLENBURG SCHOOLS IN SUPPORT OF TEACHERS AND EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonja Gantt Gibson Executive Director | Officer | 50 | $0 |
Courtney Ramey Chair | Trustee | 1 | $0 |
Douglas W Benson Director | Trustee | 1 | $0 |
Gerard Camacho Director | Trustee | 1 | $0 |
Ann B Clark Director | Trustee | 1 | $0 |
Lindsay H Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,582,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,582,793 |
| Total Program Service Revenue | $0 |
| Investment income | $212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$60,928 |
| Net Income from Fundraising Events | $27,444 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,841,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,915,358 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,885 |
| Fees for services: Other | $40,569 |
| Advertising and promotion | $1,500 |
| Office expenses | $565 |
| Information technology | $4,338 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $431 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,256,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,180 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,502,022 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,000 |
| Total assets | $2,648,221 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $33,244 |
| Net assets with donor restrictions | $2,614,977 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,648,221 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Cms Foundation has recieved totaling $2,869,205.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $1,954,908 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $300,000 |
Albemarle Foundation Charlotte, NC PURPOSE: PROGRAM ASSISTANCE | $200,000 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL CONTRIBUTION | $120,450 |
Gambrell Foundation Charlotte, NC PURPOSE: GENERAL PURPOSE | $97,678 |
Belk Foundation Charlotte, NC PURPOSE: PROGRAM SUPPORT FOR THE CMS TEACHING RESIDENCY PROGRAM WITH THE GOAL OF LICENSING DIVERSE AND NON-TRADITIONAL TEACHERS. | $75,000 |
Endowment Analysis
| Beg. Balance | $193,265 |
| Earnings | $44,732 |
| Admin Expense | $1,730 |
| Net Contributions | $2,761 |
| Grants | $1,861 |
| Ending Balance | $237,167 |