24 Foundation Inc is located in Charlotte, NC. The organization was established in 2006. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, 24 Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 24 Foundation Inc 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 12/2022, 24 Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, 24 Foundation Inc has awarded 93 individual grants totaling $4,423,903. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
24 FOUNDATION'S VISION IS TO HAVE CANCER NAVIGATION AND SURVIVORSHIP FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 WAS A YEAR OF RETURNING TO THE NEW NORMAL FOLLOWING THE PANDEMIC. 24 FOUNDATION SAW AN INCREASE IN BOTH PARTICIPATION AND DONATIONS. CONTRIBUTIONS FROM PARTICIPANTS, DONORS, AND CORPORATIONS ALLOWED 24 FOUNDATION TO PROVIDE A HIGH LEVEL OF SUPPORT TO OUR BENEFICIARIES AS WE WORK TO FURTHER OUR MISSION TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE AN IMMEDIATE IMPACT ON THE LIVES OF PEOPLE AFFECTED BY CANCER. WITH MORE THAN $1,335,000 RAISED FOR CANCER NAVIGATION AND SURVIVORSHIP PROGRAMS THROUGH THE PEER-TO-PEER FUNDRAISING EFFORTS OF MORE THAN 685 IN-PERSON AND 81 VIRTUAL CYCLISTS AND WALKERS, WE ENGAGED PARTICIPANTS OF ALL AGES FROM MORE THAN 25 STATES. BELOW ARE THE ACCOMPLISHMENTS OF OUR ORGANIZATION IN 2022:OUR CONTRIBUTION OF A 5-YEAR, $1.75M COMMITMENT, THAT IS TO BE PAID IN 2020 THROUGH 2025, TO ATRIUM HEALTH FOUNDATION (FORMERLY CAROLINAS HEALTHCARE FOUNDATION) WILL BE DISTRIBUTED AT LEVINE CANCER INSTITUTE AND LEVINE CHILDRENS HOSPITAL. THE GOAL OF THIS FUNDING IS TO FURTHER LCI AND LCH MISSIONS TO CHANGE THE COURSE OF CANCER CARE BY REMOVING THE BARRIERS THAT SEPARATE PATIENTS FROM ACCESS TO WORLD-CLASS RESEARCH, BREAKTHROUGH TREATMENTS, AND QUALITY CARE.DUE TO THE PANDEMIC AND DECREASED CONTRIBUTED INCOME, WE DISTRIBUTED $360K TO ATRIUM IN 2021, CARRYING OVER $140K OF OUR OBLIGATION FOR THE REMAINING FOUR YEARS OF THE CONTRACT. IN 2022, WE CONTRIBUTED $385K, LEAVING THE REMAINING BALANCE AT $105K. OUR FUNDING TO LEVINE CANCER INSTITUTE PROVIDED IMPORTANT SERVICES TO CANCER SURVIVORS UNDERGOING TREATMENT THAT ARE NOT COVERED BY TRADITIONAL INSURANCE PLANS. SUCH SERVICES INCLUDE, BUT ARE NOT LIMITED TO, PATIENT NAVIGATION, DIETICIAN CONSULTATION, ART THERAPY, SUPPORT GROUPS, YOGA AND TAI CHI, ACUPUNCTURE AND MORE. FUNDING PROVIDED 8,192 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE DEPARTMENT OF INTEGRATIVE MEDICINE IN 2022; 1,212 PATIENT ENCOUNTERS AND 74 PATIENTS SERVED IN 2022 THROUGH 24 FOUNDATIONS FUNDING OF A BILINGUAL, SPANISH-SPEAKING NURSE NAVIGATOR AT LEVINE CANCER INSTITUTE. FUNDING AT LEVINE CHILDRENS HOSPITAL PROVIDED A 24 FOUNDATION HEALTHY SNACK CART FOR OVER 4,000 PATIENTS IN 2022, WHICH ALLOWS FOR HEALTHY OPTIONS TO HELP FUEL LONG DAYS OF TREATMENT. FUNDING ALSO PROVIDED MORE THAN 3,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE LCH DEPARTMENT OF INTEGRATIVE MEDICINE IN 2022OUR CONTRIBUTION TO CAROLINA BREAST FRIENDS ALLOWED 24 FOUNDATION TO SUPPORT WOMEN FACING A BREAST CANCER DIAGNOSIS WITH BOTH FINANCIAL AND TRANSPORTATION SUPPORT. OUR CONTRIBUTION TO CASTING CAROLINAS ALLOWED 24 FOUNDATION TO FUND 24 WOMEN WITH BREAST CANCER THROUGH IN-PERSON AND VIRTUAL RETREATS IN NORTH CAROLINA, WHERE THEY COMBINE MENTAL HEALTH, CANCER EDUCATION, AND PEER SUPPORT EXPERIENCES WITH THE THERAPEUTIC SPORT OF FLY FISHING. OUR CONTRIBUTION TO CLAIRES ARMY, PROVIDED FINANCIAL ASSISTANCE AND CLAIRE PACKAGES TO 64 FAMILIES AT LEVINES CHILDRENS HOSPITAL WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. PACKAGES INCLUDE NAVIGATION MATERIALS, FINANCIAL SUPPORT, AND OTHER ESSENTIAL SUPPORT MECHANISMS FOR FAMILIES RECEIVING THE WORST POSSIBLE NEWS. FUNDING ALSO SUPPORTED 507 FREE MEALS FOR FAMILIES IN-HOSPITAL. OUR CONTRIBUTION TO CHEMO CARS, PROVIDED TO SUPPORT CANCER PATIENTS WITH RIDES TO/FROM CANCER TREATMENT AT ZERO COST TO THE PATIENT, WAS CARRIED OVER IN 2022 DUE TO THE PROGRAM SHUTTING DOWN FOR COVID PRECAUTIONS. OUR CONTRIBUTION TO GO JEN GO GAVE 24 FOUNDATION THE OPPORTUNITY TO PROVIDE INDIVIDUALS AND FAMILIES BATTLING BREAST CANCER FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT THROUGHOUT NORTH AND SOUTH CAROLINA. SPECIFICALLY, FUNDING IS USED TO SUBSIDIZE RENT, PAY BILLS, AND CONDUCT HOME AND CAR REPAIRS FOR THOSE BATTLING BREAST CANCER. FUNDING FROM 24 FOUNDATION SUPPORT 298 CANCER SURVIVORS IN 2022. OUR CONTRIBUTION TO HOSPITALITY HOUSE OF CHARLOTTE PROVIDED FAMILY MEMBERS NAVIGATING CANCER TREATMENT AT A CHARLOTTE AREA HOSPITAL OVERNIGHT LODGING AND THE ABILITY TO STAY CLOSE TO THEIR LOVED ONE UNDERGOING TREATMENT AND GIVES THE PATIENT THE OPPORTUNITY TO STAY CLOSER TO THEIR SOURCE OF TREATMENT. OUR CONTRIBUTION TO ISABELLA SANTOS FOUNDATION PROVIDED FINANCIAL SUPPORT TO THE FAMILIES OF CHILDREN WITH RARE CANCER DIAGNOSES. OUR CONTRIBUTION TO NOTHING PINK, PROVIDED CANCER EDUCATION, PEER SUPPORT, AND FINANCIAL ASSISTANCE TO MORE THAN 50 WOMEN FACING A TRIPLE-NEGATIVE BREAST CANCER DIAGNOSIS. OUR CONTRIBUTION TO PINKY SWEAR FOUNDATION, PROVIDED FINANCIAL SUPPORT TO 55 FAMILIES WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. OUR CONTRIBUTION TO QUEENS UNIVERSITY GAVE 24 FOUNDATION THE OPPORTUNITY TO SUPPORT STUDENTS AFFECTED BY CANCER THROUGH SCHOLARSHIP AND ENDOWMENT FUNDING, PROVIDING FINANCIAL ASSISTANCE FOR THEIR UNDERGRADUATE EXPERIENCE TO ENSURE CANCER HAS THE LEAST IMPACT POSSIBLE ON THEIR EDUCATIONAL PROCESS. FUNDING PROVIDED ONE $10,000 SCHOLARSHIP IN 2022. OUR CONTRIBUTION TO WIND RIVER CANCER WELLNESS RETREATS & PROGRAMS GAVE 24 FOUNDATION THE OPPORTUNITY TO PROVIDE CANCER SURVIVORS WITH 80 WEEKEND RETREATS AT ZERO COST TO CANCER SURVIVORS TO LEARN HOW TO BETTER MANAGE THEIR ENERGY AND CONNECT WITH OTHERS DEALING WITH SIMILAR ISSUES. PROGRAMS INCLUDE NUTRITIONAL, PHYSICAL, MENTAL, AND EMOTIONAL GUIDANCE FROM EXPERTS AND PEERS FOR INDIVIDUALS SURVIVING A CANCER DIAGNOSIS. FUNDS RAISED AND DISTRIBUTED THROUGHOUT 2022 ALLOWED 24 FOUNDATION THE OPPORTUNITY TO AFFECT CANCER PATIENTS, SURVIVORS, AND THEIR FAMILIES, NATIONALLY AND IN OUR EVENT COMMUNITY. OUR MISSION IS TO ENGAGE AND INSPIRE COMMUNITIES, THROUGH OUR EVENTS, TO MAKE AN IMMEDIATE IMPACT ON THE LIVES OF PEOPLE AFFECTED BY CANCER THROUGH THE ABOVE-LISTED BENEFICIARIES. WE ARE CONTINUING TO FULFILL THIS MISSION AND EACH YEAR WE ARE GETTING CLOSER TO OUR VISION OF PROVIDING CANCER NAVIGATION AND SURVIVORSHIP SERVICES FOR ALL. CANCER NAVIGATION SERVICES IMPROVE THE QUALITY OF LIFE FOR PEOPLE AFFECTED BY CANCER, MAINLY THROUGH THE ONE ONE-ON-ONE SUPPORT AND GUIDED KNOWLEDGE OF AVAILABLE SURVIVORSHIP PROGRAMS. 24 FOUNDATION HAD AN INCREDIBLE IMPACT ON ADVANCING CANCER NAVIGATION AND SURVIVORSHIP SERVICES IN 2022. WITH A SOLID YEAR OF FUNDRAISING, 24 FOUNDATION IS WELL POISED TO CONTINUE SERVING THE CANCER COMMUNITY THROUGH CONTINUED STRATEGIC ENHANCEMENT OF OUR ORGANIZATION'S INFRASTRUCTURE, IMPROVING THE QUALITY AND REPLICABILITY OF OUR EVENTS THROUGH NEW PARTNERS, AND ULTIMATELY LAYING THE GROUNDWORK FOR 24 FOUNDATION IMPACT EXPANSION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Katy Ryan Executive Dir. | Officer | 40 | $120,041 |
Chasse Bailey-Dorton Past Chair | OfficerTrustee | 3 | $0 |
Blake Brinkley Director | Trustee | 3 | $0 |
Daniel Cottingham Director | Trustee | 3 | $0 |
Derek Cornwall Director | Trustee | 3 | $0 |
Chad Frk Treasurer | OfficerTrustee | 3 | $0 |
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 | $1,251,832 |
Noncash contributions included in lines 1a–1f | $65,841 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,251,832 |
Total Program Service Revenue | $152,553 |
Investment income | $932 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,443,342 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $161,431 |
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. | $126,270 |
Compensation of current officers, directors, key employees. | $25,254 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $215,510 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $24,959 |
Payroll taxes | $26,306 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $24,425 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $253,123 |
Advertising and promotion | $0 |
Office expenses | $2,150 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $21,544 |
Travel | $17,010 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,011 |
Insurance | $8,609 |
All other expenses | $60,111 |
Total functional expenses | $1,130,784 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $683,479 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $287,210 |
Accounts receivable, net | $41,559 |
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 | $19,471 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $6,300 |
Other assets | $0 |
Total assets | $1,038,019 |
Accounts payable and accrued expenses | $14,213 |
Grants payable | $761,881 |
Deferred revenue | $10,774 |
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 | $786,868 |
Net assets without donor restrictions | $251,151 |
Net assets with donor restrictions | $0 |
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 | $1,038,019 |
Over the last fiscal year, 24 Foundation Inc has awarded $113,500 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
CLAIRES ARMY PURPOSE: Financial assistance, pediatric | $25,000 |
GO JEN GO PURPOSE: Financial assistance - breast cance | $15,000 |
HOSPITALITY HOUSE PURPOSE: Affordable housing - all | $11,000 |
PINKY SWEAR PURPOSE: Financial assistance, pediatric | $20,000 |
STARR NOLAN | | | $8,500 |
QUEENS UNIVERSITY PURPOSE: Precision medicine | $10,000 |