Nonprofit · EIN 20-3768277
24 FOUNDATION INC
Tax-exempt · CHARLOTTE, NC 28231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,523,606 | $3,212,013 | -$688,407 | $1,912,944 | $1,830,753 | $82,191 |
| December 31, 2023 | 990 | $1,798,504 | $1,279,057 | $519,447 | $1,202,070 | $431,472 | $770,598 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,620,520
- Program service revenue
- $853,832
- Investment income
- $42,981
- Other revenue
- $6,273
Expenses
- Grants and similar amounts paid
- $2,072,809
- Compensation of officers, directors and key employees
- $120,500
- Other salaries and wages
- $220,173
- Salaries, compensation and benefits (total)
- $384,615
- Professional fundraising fees
- $0
- Accounting fees
- $28,650
- Occupancy
- $17,521
- Travel
- $14,037
- Depreciation
- $3,375
- Program services (functional)
- $2,870,349
- Management and general (functional)
- $213,024
- Fundraising (functional)
- $128,640
Balance sheet and other
- Total assets, start of year
- $1,202,070
- Total assets, end of year
- $1,912,944
- Total liabilities, end of year
- $1,830,753
- Net assets, end of year
- $82,191
- Land, buildings and equipment
- $1,032
- Net assets without donor restrictions
- $82,191
- Gross receipts
- $2,523,606
- Employees
- 3
- Volunteers
- 176
- Year formed
- 2005
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine Anderson Murphy | Executive Dir. Officer | 40 | $120,500 |
| John Coleman | Director Trustee or director | 3 | $0 |
| Blake Brinkley | Director Trustee or director | 3 | $0 |
| Daniel Cottingham | Director Trustee or director | 3 | $0 |
| Brad Hocking | Treasurer Trustee or director | 3 | $0 |
| Chad Frk | Director Trustee or director, Officer | 3 | $0 |
| Wendy Fu | Director Trustee or director | 3 | $0 |
| Johan Jooste | Finance Trustee or director | 3 | $0 |
| Garrett Lucas | Director Trustee or director | 3 | $0 |
| Spencer Lueders | Founder Trustee or director | 3 | $0 |
| Rick Melville | Director Trustee or director | 3 | $0 |
| Brian McKeon | Secretary Trustee or director, Officer | 3 | $0 |
| Jeffrey Strain | Director Trustee or director | 3 | $0 |
| Joe Vogelbacher | Chair Trustee or director, Officer | 3 | $0 |
| Bob Woods | Past Chair Trustee or director, Officer | 3 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patrick Meadors | Director Trustee or director | 3 | $0 |
| Matthew Cameron | BOM Chair Trustee or director, Officer | 3 | $0 |
| Max Kennedy | Director Trustee or director | 3 | $0 |
| Meg Taylor | Director Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine Anderson Murphy | Executive Dir. Officer | 40 | $118,900 |
| Chasse Bailey-Dorton | Past Chair Trustee or director, Officer | 3 | $0 |
| Blake Brinkley | Director Trustee or director | 3 | $0 |
| Daniel Cottingham | Director Trustee or director | 3 | $0 |
| Derek Cornwall | Director Trustee or director | 3 | $0 |
| Chad Frk | Treasurer Trustee or director, Officer | 3 | $0 |
| Wendy Fu | Director Trustee or director | 3 | $0 |
| Johan Jooste | Director Trustee or director | 3 | $0 |
| Garrett Lucas | Director Trustee or director | 3 | $0 |
| Spencer Lueders | Founder Trustee or director | 3 | $0 |
| Rick Melville | Director Trustee or director | 3 | $0 |
| Brian McKeon | Secretary Trustee or director, Officer | 3 | $0 |
| Jeffrey Strain | Director Trustee or director | 3 | $0 |
| Joe Vogelbacher | Vice Chair Trustee or director, Officer | 3 | $0 |
| Bob Woods | Chair Trustee or director, Officer | 3 | $0 |
| Patrick Meadors | Director Trustee or director | 3 | $0 |
| Matthew Cameron | Vice President Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 31007, CHARLOTTE, NC 28231-1007
- In care of
- % G SPENCER LUEDERS JR
- Principal officer (990 for 2024)
- Katherine Anderson Murphy, PO Box 31007, Charlotte, NC 28231
- Signed the 990
- Brad Hocking, Treasurer
- Phone
- (704) 365-4417
- Website
- WWW.24FOUNDATION.ORG
- Return prepared by
- Foard and Company PA
Mission
24 FOUNDATION AIMS TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE AN IMMEDIATE IMPACT ON THE LIVES OF PEOPLE AFFECTED BY CANCER. THROUGH A 24-HOUR-LONG CYCLING AND WALKING EVENT, OUR ORGANIZATION HAS GATHERED 27,000+ PARTICIPANTS FROM 50 STATES, IN ADDITION TO THEIR DONOR SUPPORT, AND RAISED OVER $30M FOR THIS MISSION SINCE OUR INCEPTION. SEE SCHEDULE I TO REVIEW GRANTS PAID IN 2024 TO FULFILL THIS MISSION. THE BELOW REPORT DETAILS GRANTS PAID IN DECEMBER 2023 AND UTILIZED BY GRANTEES IN THE 2024 FISCAL YEAR.
Program accomplishments
- 2024 WAS A YEAR OF REMARKABLE GROWTH AND IMPACT FOR 24 FOUNDATION. PARTICIPATION, ENGAGEMENT, AND DONATIONS ALL REACHED NEW HEIGHTS MARKING ONE OF OUR MOST SUCCESSFUL FUNDRAISING YEARS YET. THANKS TO THE GENEROUS SUPPORT OF PARTICIPANTS, DONORS, AND CORPORATE PARTNERS, 24 FOUNDATION WAS ABLE TO PROVIDE CRITICAL FUNDING TO OUR BENEFICIARIES AND ADVANCE OUR MISSION TO INSPIRE AND ENGAGE COMMUNITIES TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF THOSE AFFECTED BY CANCER.THROUGH THE COLLECTIVE EFFORTS OF MORE THAN 1,000 IN-PERSON CYCLISTS, 30 VIRTUAL PARTICIPANTS, AND DOZENS OF WALKERS, PADDLERS, AND ROWERS - REPRESENTING OVER 20 STATES - WE RAISED MORE THAN $1,800,000 TO SUPPORT CANCER NAVIGATION AND SURVIVORSHIP PROGRAMS. THESE FUNDS ARE TRANSFORMING LIVES, PROVIDING RESOURCES, GUIDANCE, AND HOPE TO INDIVIDUALS AND FAMILIES NAVIGATING CANCER.BELOW ARE SOME OF THE OUTSTANDING ACCOMPLISHMENTS AND MILESTONES THAT DEFINED 2024 FOR 24 FOUNDATION:OUR CONTRIBUTION OF A 5-YEAR, $1.75M COMMITMENT, THAT IS TO BE PAID IN 2020 THROUGH 2024, 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 $385K TO ATRIUM IN 2022, CARRYING OVER $105K OF OUR OBLIGATION FOR THE REMAINING FOUR YEARS OF THE CONTRACT. IN 2024, WE CONTRIBUTED $402.5K, FULFILLING OUR $1.75M COMMITMENT. 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 OVER 12,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE DEPARTMENT OF INTEGRATIVE MEDICINE IN 2024. THROUGH 24 FOUNDATIONS FUNDING OF A BILINGUAL, SPANISH-SPEAKING NURSE NAVIGATOR AT LEVINE CANCER INSTITUTE. FUNDING AT LEVINE CHILDRENS HOSPITAL PROVIDED MORE THAN 310 PATIENT VISITS WITH A DEDICATED PSYCHOLOGY FELLOW IN THE DEPARTMENT OF SUPPORTIVE ONCOLOGY, AND OVER 300 PATIENT VISITS TO A DEDICATED INTEGRATIVE ONCOLOGY ACUPUNCTURIST. FUNDING ALSO PROVIDED MORE THAN 1,000 IN-PERSON OR VIRTUAL PATIENT OR CAREGIVER ENCOUNTERS WITHIN THE LCH DEPARTMENT OF INTEGRATIVE MEDICINE IN 2024.OUR CONTRIBUTION TO THE NATIONAL MARROW DONOR PROGRAM (FORMERLY BE THE MATCH) ALLOWED 24 FOUNDATION TO SUPPORT THE NATIONAL REGISTRY OF POTENTIAL BLOOD AND MARROW DONORS AND FUND EDUCATIONAL AND FINANCIAL SERVICES FOR PATIENTS AND FAMILIES BEFORE, DURING AND AFTER TRANSPLANT.OUR CONTRIBUTION TO CAROLINA BREAST FRIENDS ALLOWED 24 FOUNDATION TO SUPPORT LATINA WOMEN FACING A BREAST CANCER DIAGNOSIS WITH BOTH FINANCIAL SUPPORT AND ACCESS TO ADDITIONAL HEALTHCARE PROGRAMSOUR CONTRIBUTION TO CASTING CAROLINAS ALLOWED 24 FOUNDATION TO FUND 20 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. FUNDING ALSO HELPED SUPPORT SURVIVORS SERVED BY CASTING CAROLINAS WHO WERE IMPACTED BY HURRICANE HELENEOUR CONTRIBUTION TO CLAIRES ARMY, PROVIDED FINANCIAL ASSISTANCE AND CLAIRE PACKAGES TO MORE THAN 80 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. 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. OUR CONTRIBUTION TO HOSPITALITY HOUSE OF CHARLOTTE PROVIDED MORE THAN 200 FAMILIES 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 FEAST FOR GOOD PROVIDED 190 CURATED LOCAL FARM BOXES (APPROXIMNATELY 2,850 LBS OF FOOD) AND 377 PREPARED MEALS SERVING THOSE BRAVING CANCER TREATMENT.OUR CONTRIBUTION TO NOTHING PINK, PROVIDED PRE AND POST-SURGERY CARE PACKAGES TO WOMEN FACING A TRIPLE-NEGATIVE BREAST CANCER DIAGNOSIS/SURGERY.OUR CONTRIBUTION TO PINKY SWEAR FOUNDATION PROVIDED FINANCIAL SUPPORT TO 22 FAMILIES WHOSE CHILDREN WERE RECENTLY DIAGNOSED WITH CANCER. OUR CONTRIBUTION TO QUEENS UNIVERSITY ALLOWED 24 FOUNDATION 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 2024. IN 2024, THE FUNDS RAISED AND DISTRIBUTED BY 24 FOUNDATION CONTINUED TO MAKE A POWERFUL DIFFERENCE FOR CANCER PATIENTS, SURVIVORS, AND THEIR FAMILIES - BOTH ACROSS THE COUNTRY AND RIGHT HERE IN OUR LOCAL COMMUNITY. 24 FOUNDATIONS MISSION REMAINS CENTERED ON INSPIRING AND ENGAGING COMMUNITIES THROUGH MEANINGFUL EVENTS THAT DIRECTLY SUPPORT THOSE IMPACTED BY CANCER.THROUGHOUT 2024, 24 FOUNDATION STAYED FOCUSED ON EXPANDING CANCER NAVIGATION AND SURVIVORSHIP SERVICES - RESOURCES THAT HELP IMPROVE QUALITY OF LIFE BY PROVIDING PERSONALIZED GUIDANCE, CONNECTIONS TO CARE, AND ACCESS TO LIFE-CHANGING PROGRAMS. THESE EFFORTS CONTINUE TO BRIDGE CRITICAL GAPS IN SUPPORT FOR INDIVIDUALS AND FAMILIES NAVIGATING THE CANCER JOURNEY.AFTER A YEAR OF SUCCESSFUL FUNDRAISING AND COMMUNITY IMPACT, 24 FOUNDATION IS WELL-POSITIONED TO BUILD ON THIS MOMENTUM. THE ORGANIZATION REMAINS COMMITTED TO STRENGTHENING ITS INFRASTRUCTURE, ELEVATING THE QUALITY AND REACH OF ITS EVENTS THROUGH STRATEGIC PARTNERSHIPS, AND EXPANDING ITS IMPACT FOR YEARS TO COME.Expenses $2,870,349 · grants $2,072,809 · revenue $853,832
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3768277
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G12)
- Assets (IRS master file)
- $1,912,944
- Income (IRS master file)
- $2,523,606
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,523,606 | $3,212,013 | $1,912,944 | IRS |
| 990 | December 2023 | $1,798,504 | $1,279,057 | $1,202,070 | XML |
| 990 | December 2022 | $1,443,342 | $1,130,784 | $1,038,019 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3768277).
Questions about 24 FOUNDATION INC
- What is the EIN of 24 FOUNDATION INC?
- The employer identification number (EIN) of 24 FOUNDATION INC is 20-3768277.
- Is 24 FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to 24 FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 24 FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 24 FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 24 FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 24 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Katherine Anderson Murphy.
- Who are the officers and directors of 24 FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $120,500 (Katherine Anderson Murphy, Executive Dir.).
- How much revenue does 24 FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,523,606, expenses of $3,212,013 and total assets of $1,912,944 at year end.
Other nonprofits in CHARLOTTE
- HARBORPATH INC EIN 45-5174402 · last filed 990 for 2024
- AUTISM SERVICES OF MECKLENBURG COUNTY EIN 56-1222204 · last filed 990 for 2025
- CHARLOTTE NEUROSCIENCE ASSOCIATION INC EIN 46-4329944 · last filed 990 for 2025
- CAROLINAS CARE PARTNERSHIP EIN 31-1768358 · last filed 990 for 2025
- METROLINA ASSOCIATION FOR THE BLIND INC EIN 56-0529998 · last filed 990 for 2025
- VILLAGE HEARTBEAT EIN 83-4305640 · last filed 990 for 2025
- HEARTBRIGHT FOUNDATION EIN 45-0496759 · last filed 990 for 2024
- MADELYNS FUND EIN 82-3577117 · last filed 990 for 2025
All nonprofits in CHARLOTTE · North Carolina · Voluntary health associations and medical disciplines