Nonprofit · EIN 45-6930128
COMMUNITY INVESTMENTS FOUNDATION
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,512,191 | $25,261,721 | -$8,749,530 | $68,814,677 | $271,608 | $68,543,069 |
| December 31, 2023 | 990 | $18,964,117 | $25,547,982 | -$6,583,865 | $77,458,068 | $140,084 | $77,317,984 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,583,805
- Program service revenue
- $0
- Investment income
- $2,783,570
- Net rental income
- -$3,095
- Net gain from sales of assets
- $1,518,128
- Net income from sales of inventory
- $147,911
- Other revenue
- $144,816
Expenses
- Grants and similar amounts paid
- $23,842,981
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $287,664
- Program services (functional)
- $24,477,015
- Management and general (functional)
- $729,232
- Fundraising (functional)
- $55,474
Balance sheet and other
- Total assets, start of year
- $77,458,068
- Total assets, end of year
- $68,814,677
- Total liabilities, end of year
- $271,608
- Net assets, end of year
- $68,543,069
- Land, buildings and equipment
- $14,535,497
- Net assets without donor restrictions
- $17,031,567
- Net assets with donor restrictions
- $51,511,502
- Gross unrelated business income
- $468,161
- Gross receipts
- $16,952,908
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2012
- State of legal domicile
- FL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAURA SMITH | EXECUTIVE VP Officer | 5 | $0 | $436,231 | $3,812 |
| DOUGLAS W BENSON | SENIOR VP & GENERAL COUNSE Officer | 5 | $0 | $258,355 | $46,961 |
| ALYSSA FEDERICO | CHIEF FINANCIAL OFFICER Key employee | 5 | $0 | $228,615 | $45,920 |
| NIKHIL SAWANT | EXECUTIVE VP & CIO Officer | 5 | $0 | $245,614 | $25,161 |
| EVAN WOLKOFSKY | ASSISTANT DEPUTY COUNSEL Highest-paid employee | 5 | $0 | $213,325 | $57,250 |
| ELIZABETH KISER | SENIOR VP, PHILANTHROPIC A Key employee | 5 | $0 | $202,221 | $57,713 |
| ROBIN BAREFOOT | ASSOCIATE COUNSEL Highest-paid employee | 5 | $0 | $139,084 | $41,587 |
| TODD W MANSFIELD | CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| KIETH COCKRELL | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| CHRIS POPLIN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MARIAN STEELE CLARK | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MICHAEL MARSICANO | PRESIDENT & CEO Officer | 5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL MARSICANO | PRESIDENT & CEO Officer | 5 | $0 | $951,490 | $6,680 |
| LAURA SMITH | EXECUTIVE VP Officer | 5 | $0 | $771,548 | $76,494 |
| DOUGLAS W BENSON | SENIOR VP & GENERAL COUNSEL Officer | 5 | $0 | $375,935 | $46,391 |
| NIKHIL SAWANT | EXECUTIVE VP & CIO Officer | 5 | $0 | $333,554 | $68,749 |
| ALYSSA FEDERICO | SENIOR VP, FINANCE Key employee | 5 | $0 | $337,555 | $47,013 |
| ELIZABETH KISER | SENIOR VP, PHILANTHROPIC ADVANCEMENT Key employee | 5 | $0 | $215,547 | $57,648 |
| EVAN WOLKOFSKY | ASSISTANT DEPUTY COUNSEL Highest-paid employee | 5 | $0 | $162,126 | $47,582 |
| ROBIN BAREFOOT | ASSOCIATE COUNSEL Highest-paid employee | 5 | $0 | $135,485 | $43,372 |
| TODD W MANSFIELD | CHAIR Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| KIETH COCKRELL | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| CHRIS POPLIN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| MARIAN STEELE CLARK | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 N TRYON ST, CHARLOTTE, NC 28202-2137
- In care of
- % COMMUNITY REAL PROPERTY HOLDINGS
- Principal officer (990 for 2024)
- ALYSSA FEDERICO, 220 N TRYON STREET, CHARLOTTE, NC 28202
- Signed the 990
- ALYSSA FEDERICO, CFO
- Phone
- (704) 973-4500
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
COMMUNITY INVESTMENTS FOUNDATION (CIF) RECEIVES AND MANAGES GIFTS OF BUSINESS INTERESTS OR OTHER UNIQUE ASSETS, UNTIL THEY CAN BE LIQUIDATED, WITH THE PROCEEDS USED IN SUPPORT OF VARIOUS CHARITABLE ORGANIZATIONS.
Program accomplishments
- COMMUNITY ENGAGEMENT: EXPENSES RELATED TO FACILITY AND GRANTS TO SUPPORT COMMUNITY SPACE AVAILABLE FOR COLLABORATION AND PLANNING. SPACE IS AVAILABLE TO ALL LOCAL NON-PROFIT ORGANIZATIONS DURING BUSINESS HOURS FOR MEETINGS OF THE NON-PROFITS AND THEIR CONSTITUENCIES.Expenses $24,477,015 · grants $23,842,981 · revenue $16,263
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
- 45-6930128
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P117)
- Assets (IRS master file)
- $68,814,677
- Income (IRS master file)
- $16,952,908
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,512,191 | $25,261,721 | $68,814,677 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $18,964,117 | $25,547,982 | $77,458,068 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $20,489,868 | $18,805,485 | $85,159,904 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 45-6930128).
Questions about COMMUNITY INVESTMENTS FOUNDATION
- What is the EIN of COMMUNITY INVESTMENTS FOUNDATION?
- The employer identification number (EIN) of COMMUNITY INVESTMENTS FOUNDATION is 45-6930128.
- Is COMMUNITY INVESTMENTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to COMMUNITY INVESTMENTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does COMMUNITY INVESTMENTS FOUNDATION 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 COMMUNITY INVESTMENTS FOUNDATION 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 COMMUNITY INVESTMENTS FOUNDATION 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 COMMUNITY INVESTMENTS FOUNDATION?
- The 990 for the year ended December 31, 2024 names ALYSSA FEDERICO.
- Who are the officers and directors of COMMUNITY INVESTMENTS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY INVESTMENTS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $16,512,191, expenses of $25,261,721 and total assets of $68,814,677 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Human services