Charity League Inc
- Assets
- $470.0k
- Revenue
- $26.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/1961
- Data as of
- 05/2022
- EIN
- 56-0560327
Organization Overview
Charity League Inc is located in Charlotte, NC. The organization was established in 1961. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charity League 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 05/2022, Charity League Inc generated $26.3k 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 (15.9%) each year. All expenses for the organization totaled $81.5k during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO ENHANCING THE LIVES OF CHARLOTTE AREA CHILDREN BY PROMOTING ACADEMIC ACHIEVEMENT, PRO-SOCIAL BEHAVIOR AND SELF-WORTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING CHILDREN FROM FAMILIES WITH LIMITED RESOURCES AND SUPPORTING OTHER ORGANIZATIONS WITH SIMILAR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Layne Sabert Secretary | OfficerTrustee | 1 | $0 |
Susan Carr Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Therrell President | OfficerTrustee | 1 | $0 |
Holly Letourneau Director | Trustee | 1 | $0 |
Lisha Morton Director | Trustee | 1 | $0 |
Carla Shober Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,900 |
| Fundraising events | $21,005 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,514 |
| Total Program Service Revenue | $0 |
| Investment income | -$32,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,199 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,768 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,288 |
| Office expenses | $1,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,160 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,573 |
| All other expenses | $0 |
| Total functional expenses | $81,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $426,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $469,965 |
| 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 | $11,627 |
| Total liabilities | $11,627 |
| Net assets without donor restrictions | $458,338 |
| 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 | $469,965 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Charity League Inc has recieved totaling $37,504.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $20,000 |
Speedway Childrens Charities Concord, NC PURPOSE: CRITICAL | $17,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |
Highlands Festivals Inc Highlands, NC | $326,105 | $1,750,969 |