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 12/2021, 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 12/2021, 24 Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $987.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, 24 Foundation Inc has awarded 86 individual grants totaling $4,310,403. 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
2021
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
SEE SCHEDULE O. SEE SCHEDULE I FOR CASH GRANTS.2021 WAS AN CHALLENGING BUT SUCCESSFUL YEAR FOR EVENT FUNDRAISING, DESPITE THE REMAINING OBSTACLES CREATED BY THE GLOBAL PANDEMIC. CONTRIBUTIONS FROM PARTICIPANTS, DONORS, AND CORPORATIONS ALLOWED 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 $1,300,000 RAISED FOR CANCER NAVIGATION AND SURVIVORSHIP PROGRAMS THROUGH THE PEER-TO-PEER FUNDRAISING EFFORTS OF MORE THAN 600 IN-PERSON AND 200 VIRTUAL CYCLISTS AND WALKERS, WE ENGAGED PARTICIPANTS OF ALL AGES FROM MORE THAN 23 STATES AND THREE COUNTRIES. BELLOW ARE THE ACCOMPLISHMENTS OF OUR ORGANIZATION IN 2021: 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 THE LEVINE CANCER INSTITUTE AND THE LEVINE CHILDREN'S HOSPITAL. THE GOAL OF THIS FUNDING IS TO FURTHER THE 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 $200K TO ATRIUM IN 2020, CARRYING OVER $150K OF OUR OBLIGATION FOR THE REMAINING FOUR YEARS OF THE CONTRACT. IN 2021, WE CONTRIBUTED $360K, LEAVING THE REMAINING BALANCE AT $140K. OUR FUNDING TO THE 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 8,000 IN-PERSON OR VIRTUAL OR CAREGIVER ENCOUNTERS WITHIN THE DEPARTMENT OF INTEGRATIVE MEDICINE IN 2021; 1,212 PATIENT ENCOUNTERS AND 74 PATIENTS SERVED IN 2021 THROUGH 24 FOUNDATION'S FUNDING OF A BILINGUAL, SPANISH-SPEAKING NURSE NAVIGATOR AT LEVINE CANCER INSTITUTE. FUNDING AT LEVINE CHILDREN'S HOSPITAL PROVIDED A 24 FOUNDATION HEALTHY SNACK CART, WHICH ALLOWS FOR HEALTHY OPTIONS TO HELP FUEL LONG DAYS OF TREATMENT FOR MORE THAN 50 CHILD CANCER PATIENTS EACH DAY. OUR CONTRIBUTION TO CAROLINA BREAST FRIENDS ALLOWED 24 FOUNDATION TO SUPPORT 6,620 WOMEN FACING A BREAST CANCER DIAGNOSIS THROUGH NEW AND ROBUST VIRTUAL PROGRAMS.OUR CONTRIBUTION TO CASTING CAROLINAS ALLOWED 24 FOUNDATION TO FUND 15 WOMEN WITH BREAST CANCER THROUGH IN-PERSON AND VIRTUAL RETREATS IN NORTH CAROLINA, WHERE THEY COMBINE MENTAL, CANCER EDUCATION, AND PEER SUPPORT EXPERIENCES WITH THE THERAPEUTIC SPORT OF FLY FISHING.OUR CONTRIBUTION TO CLAIRE'S ARMY, PROVIDED FINANCIAL ASSISTANCE AND CLAIRE PACKAGES TO 88 FAMILIES AT LEVINE CHILDREN'S 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 360 FREE MEALS FOR FAMILIES IN-HOSPITAL.OUR CONTRIBUTION TO CHEMO CARS, PROVIDED CANCER PATIENTS TO/FROM CANCER TREATMENT AT ZERO COST TO THE PATIENT, WAS CARRIED OVER IN 2021 DUE TO THE PROGRAM SHUTTING DOWN FOR COVID PRECAUTIONSOUR 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 23 CANCER SURVIVORS IN 2021.OUR CONTRIBUTION TO HOSPITALITY HOUSE OF CHARLOTTE, PROVIDED 200 NIGHTS OF LODGING AND 10 FULL DAYS OF OPERATING COST FOR MORE THAN 350 PATIENTS AND FAMILY MEMBERS NAVIGATING CANCER TREATMENT. OVERNIGHT LODGING ALLOWED FAMILIES WHO ARE FIGHTING CANCER AT A CHARLOTTE HOSPITAL THE ABILITY TO STAY CLOSE TO THEIR LOVED ONE UNDERGOING TREATMENT AND GIVES THE PATIENT THE OPPORTUNITY TO STAY CLOSER TO THEIR SOURCE OF TREATEMENT.OUR CONTRIBUTION TO ISABELLA SANTOS FUNDATION 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 18 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 2021.OUR CONTRIBUTION TO WIND RIVER CANCER WELLNESS RETREATS & PROGRAMS GAVE 24 FOUNDATION THE OPPORTUNITY TO PROVIDE CANCER SURVIVORS WITH 22 VIRTUAL WEEKEND RETREATS TO ELARN 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. 24 FOUNDATION FUNDING PROVIDES FIVE CANCER RETREATS EACH YEAR AT ZERO COST TO CANCER SURVIVORS, WHICH SHIFTED TO VIRTUAL IN 2020 THROUGH 2021.FUNDS RAISED AND DISTRIBUTED THROUGHOUT 2021 ALLOWED 24 FOUNDATION THE OPPORTUNITY TO AFFECT CANCER PATIENTS AND SURVIVORS, AND THEIR FAMILIES, NATIONALLY AND IN OUR TWO EVENT COMMUNITIES. 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 ON ONE SUPPORT AND GUIDED KNOWLEDGE OF AVAILABLE SURVIVORSHIP PROGRAMS. 24 FOUNDATION HAD AN INCREDIBLE IMPACT ON ADVANCING CANCER NAVIGATION AND SURVIVORSHIP SERVICES IN 2021. WITH A SOLID YEAR OF FUNDRAISING DESPITE THE CONTINUED GLOBAL PANDEMIC, 24 FOUNDATION IS WELL POISED TO CONTINUE SERVING THE CANCER COMMUNITY THROUGH CONTINUED STRATEGIC ENHANCEMENT OF OUR ORGANIZATIONS 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 Director | Officer | 40 | $108,700 |
Rasmus Pedersen Chair | OfficerTrustee | 3 | $0 |
Chad Frk Treasurer | OfficerTrustee | 3 | $0 |
Spencer Lueders Founder | Trustee | 3 | $0 |
Chasse Bailey-Dorton Chair | Trustee | 3 | $0 |
Mona Baset Marketing | Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $86,900 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,010,848 |
Noncash contributions included in lines 1a–1f | $38,366 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,097,748 |
Total Program Service Revenue | $261,733 |
Investment income | $822 |
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 | $1,900 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,362,203 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $145,658 |
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. | $108,700 |
Compensation of current officers, directors, key employees. | $23,204 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $268,637 |
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 | $14,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,751 |
Advertising and promotion | $25,280 |
Office expenses | $1,100 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $10,253 |
Travel | $8,492 |
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 | $2,732 |
Insurance | $13,028 |
All other expenses | $92,193 |
Total functional expenses | $987,101 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $635,216 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $424,528 |
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 | $13,830 |
Net Land, buildings, and equipment | $241 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $8,070 |
Other assets | $0 |
Total assets | $1,081,885 |
Accounts payable and accrued expenses | $20,298 |
Grants payable | $1,115,909 |
Deferred revenue | $7,085 |
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 | $1,143,292 |
Net assets without donor restrictions | -$61,407 |
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 | $1,081,885 |
Over the last fiscal year, 24 Foundation Inc has awarded $113,500 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
Charlotte, NC PURPOSE: FUNDING TO PROVIDE CLAIRE PACKAGES AND MEAL ASSISTANCE TO FAMILIES AT LEVINE'S CHILDREN'S HOSPITAL WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. | $25,000 |
Tryon, NC PURPOSE: FUNDING SUPPORTS CANCER WELLNESS RETREATS THAT EMPOWER CANCER SURVIVORS TO WORK ON THE NON-MEDICAL ASPECTS OF CANCER. | $24,000 |
Edina, MN PURPOSE: FUNDING PROVIDED FINANCIAL SUPPORT TO FAMILIES WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. | $20,000 |
Charlotte, NC PURPOSE: FUNDING FINANCIAL ASSISTANCE AND EMOTIONAL SUPPORT TO INDIVIDUALS AND FAMILIES, IN NORTH AND SOUTH CAROLINA , WHO ARE BATTLING BREAST CANCER. | $15,000 |
Charlotte, NC PURPOSE: FUNDING PROVIDES LODGING FOR PATIENTS AND FAMILY MEMBERS DURING CANCER TREATMENT. | $11,000 |
Charlotte, NC PURPOSE: FUNDING THE OPPORTUNITY FOR STUDENTS AFFECTED BY CANCER TO RECEIVE FINANCIAL ASSISTANCE FOR THEIR UNDERGRADUATE EXPERIENCE. | $10,000 |
Over the last fiscal year, we have identified 1 grants that 24 Foundation Inc has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Kelly Heflin Foundation Charitable Tr Bryn Mawr, PA PURPOSE: FUNDRAISER | $500 |
Organization Name | Assets | Revenue |
---|---|---|
Townebank Foundation Suffolk, VA | $12,218,911 | $5,948,178 |
Enduring Hearts Inc Marietta, GA | $4,514,675 | $1,999,139 |
Investigative Research Center Inc Arlington, VA | $96,743 | $0 |
24 Foundation Inc Charlotte, NC | $1,081,885 | $1,362,203 |
Lung Cancer Initiative Raleigh, NC | $1,367,824 | $941,380 |
Shallow Ford Foundation Inc Clemmons, NC | $16,710,912 | $2,245,323 |
Its The Journey Inc Peachtree Corners, GA | $1,468,150 | $837,855 |
Ians Friends Foundation Inc Atlanta, GA | $2,303,183 | $1,075,992 |
The Cancer Foundation Inc Athens, GA | $2,195,862 | $959,444 |
Health First Americas Charities Chantilly, VA | $289,925 | $622,332 |
Cure Lbsl Arlington, VA | $444,924 | $599,293 |
Cr3 Diabetes Association Inc Fuquay Varina, NC | $1,173,656 | $1,089,324 |