Echo Foundation
- Assets
- $539.2k
- Revenue
- $52.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 56-2054137
Organization Overview
Echo Foundation is located in Charlotte, NC. The organization was established in 1998. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2022, Echo Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echo 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 06/2022, Echo Foundation generated $52.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $273.4k during the year ending 06/2022. 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
TO ACT AS AN EDUCATIONAL AND CHARITABLE ORGANIZATION AS IT RELATES TO SPONSORING AND FACILITATING THOSE VOICES THAT SPEAK OF HUMAN CONSCIOUSNESS AND DIGNITY JUSTICE AND MORAL COURAGE IN A WAY THAT WILL LEAD TO POSITIVE ACTION FOR HUMANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOICES AGAINST INDIFFERENT - HIGH SCHOOL INITIATIVE THAT PROVIDES EDUCATIONAL PROGRAMS CENTERED ON THE BUILDING BRIDGES ACROSS RACIAL DIVIDES BY BRINGING STUDENTS FROM ALL CORNERS OF CHARLOTTE-MECKLENBURG. THE PROGRAM BRINGS NATIONAL AND INTERNATIONAL SOCIALLY CONSCIOUS LEADERS TO DIALOGUE WITH THE STUDENTS IN AREAS TO PROMOTE HUMAN CONSCIOUSNESS AND DIGNITY JUSTICE AND MORAL COURAGE IN A WAY THAT WILL LEAD TO POSITIVE ACTION FOR HUMANKIND. FORUM OF HOPE - ADULT LEADERSHIP INITIATIVE FOCUSED EXPOSING LEADERS FROM THE CHARLOTTE COMMUNITY TO INDIVIDUALS WHO HAVE FROM A HUMANITARIAN PERSPECTIVE SHAPED THE WORLD IN A POSITIVE WAY. LIVING TOGETHER IN THE 21ST CENTURY - ELEMENTARY SCHOOL STUDENTS INITIATIVE BASED ON A CURRICULUM THAT FOCUSES ON LIVING TOGETHER IN HARMONY AND TEACHES PROBLEM SOLVING STRATEGIES CONFLICT RESOLUTION AND RESPECT FOR OTHERS. 10,000+ STUDENTS PARTICIPATE IN THIS PROGRAM ANNUALLY. SEE PART III LN 4A STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie G Ansaldo President | OfficerTrustee | 0 | $133,000 |
Dr Joan F Lorden Chair | Trustee | 0 | $0 |
Dmitry Vovchuk Vice Chair | Trustee | 0 | $0 |
Michael Hennessey Treasurer | Trustee | 0 | $0 |
Candice H Knezevic Secretary | Trustee | 0 | $0 |
Neeraj Khanna Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,783 |
| Investment income | $1,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$125,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,356 |
| Statement of Expenses | |
|---|---|
| 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. | $133,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,706 |
| Payroll taxes | $12,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,782 |
| Information technology | $16,655 |
| Royalties | $0 |
| Occupancy | $10,567 |
| Travel | $416 |
| 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 | $1,606 |
| All other expenses | $0 |
| Total functional expenses | $273,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,335 |
| Savings and temporary cash investments | $328,878 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $539,213 |
| 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 | $539,213 |
| 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 |
| Total liabilities and net assets/fund balances | $539,213 |