Nonprofit · EIN 56-1720167
NEW CHARLOTTE CORPORATION
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $37,753,912 | $37,753,912 | $0 | $806,795,000 | $806,795,000 | $0 |
| June 30, 2024 | 990 | $39,129,867 | $39,129,867 | $0 | $854,065,000 | $854,065,000 | $0 |
| June 30, 2023 | 990 | $35,860,427 | $35,860,427 | $0 | $797,080,000 | $797,080,000 | $0 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $32,919,098
- of which government grants
- $32,919,098
- Program service revenue
- $0
- Investment income
- $4,834,814
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $37,753,912
Balance sheet and other
- Total assets, start of year
- $854,065,000
- Total assets, end of year
- $806,795,000
- Total liabilities, end of year
- $806,795,000
- Net assets, end of year
- $0
- Land, buildings and equipment
- $744,759,458
- Gross receipts
- $85,023,912
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1990
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERESA T SMITH | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $261,420 | $43,151 |
| MATTHEW HASTEDT | VP SECT/TREASURER Trustee or director, Officer | 0.5 | $0 | $194,543 | $29,542 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERESA T SMITH | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $217,024 | $34,590 |
| MATTHEW HASTEDT | VP SECT/TREASURER Trustee or director, Officer | 0.5 | $0 | $144,077 | $23,112 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERESA T SMITH | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $209,362 | $31,737 |
| MATTHEW HASTEDT | VP SECT/TREASURER Trustee or director, Officer | 0.5 | $0 | $122,525 | $18,801 |
Address and contacts
- Address (IRS master file)
- 600 E 4TH ST, CHARLOTTE, NC 28202-2816
- Principal officer (990 for 2024)
- MATTHEW HASTEDT, 600 EAST FOURTH STREET, CHARLOTTE, NC 282022848
- Signed the 990
- MATTHEW HASTEDT, PRESIDENT
- Phone
- (704) 336-4940
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
PROMOTE THE GENERAL WELFARE OF THE CITY OF CHARLOTTE AND ASSIST THE CITY BY ACQUIRING, CONSTRUCTING, OPERATING, OR LEASING REAL ESTATE, FACILITIES, & EQUIPMENT.
Program accomplishments
- ASSISTED THE CITY OF CHARLOTTE BY ACQUIRING, CONSTRUCTING, OPERATING OR LEASING REAL ESTATE, FACILITIES, AND EQUIPMENT.Expenses $37,753,912
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1720167
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W190)
- Assets (IRS master file)
- $806,795,000
- Income (IRS master file)
- $85,023,912
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $37,753,912 | $37,753,912 | $806,795,000 | IRS |
| 990 | June 2024 | $39,129,867 | $39,129,867 | $854,065,000 | IRS |
| 990 | June 2023 | $35,860,427 | $35,860,427 | $797,080,000 | XML |
| 990 | June 2022 | $38,290,341 | $38,290,341 | $852,065,000 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1720167).
Questions about NEW CHARLOTTE CORPORATION
- What is the EIN of NEW CHARLOTTE CORPORATION?
- The employer identification number (EIN) of NEW CHARLOTTE CORPORATION is 56-1720167.
- Is NEW CHARLOTTE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to NEW CHARLOTTE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW CHARLOTTE CORPORATION 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 NEW CHARLOTTE CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW CHARLOTTE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW CHARLOTTE CORPORATION?
- The 990 for the year ended June 30, 2025 names MATTHEW HASTEDT.
- Who are the officers and directors of NEW CHARLOTTE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does NEW CHARLOTTE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $37,753,912, expenses of $37,753,912 and total assets of $806,795,000 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Public and societal benefit