Nonprofit · EIN 56-2067827
COMMUNITY FOUNDATIONS INC
Tax-exempt · MOORESVILLE, NC 28115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $144,556 | $208,119 | -$63,563 | $1,064,113 | $595,524 | $468,589 |
| December 31, 2023 | 990 | $181,351 | $150,080 | $31,271 | $763,790 | $231,638 | $532,152 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $139,953
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $4,603
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $64,647
- Other salaries and wages
- $78,452
- Salaries, compensation and benefits (total)
- $163,331
- Professional fundraising fees
- $0
- Occupancy
- $11,223
- Program services (functional)
- $180,683
- Management and general (functional)
- $21,779
- Fundraising (functional)
- $5,657
Balance sheet and other
- Total assets, start of year
- $763,790
- Total assets, end of year
- $1,064,113
- Total liabilities, end of year
- $595,524
- Net assets, end of year
- $468,589
- Net assets without donor restrictions
- $468,589
- Gross receipts
- $144,556
- Employees
- 4
- Volunteers
- 9
- Year formed
- 1997
- 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 | Other / benefits |
|---|---|---|---|---|
| Kathie Brantley | Executive Dir. Officer | 37.5 | $61,238 | $3,409 |
| Alan Guffy | President Trustee or director, Officer | 1 | $0 | $0 |
| Brenda Denning | Member Trustee or director | 1 | $0 | $0 |
| Tommy Deweese | Member Trustee or director | 1 | $0 | $0 |
| Paula Scruggs | Member Trustee or director | 1 | $0 | $0 |
| Carolyn White | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Inetta Black | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Brenda McKee | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Gene Steele | Member Trustee or director | 1 | $0 | $0 |
| Becca McSwain | Ex-Officio Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kathie Brantley | Executive Dir. Officer | 37.5 | $55,028 | $3,409 |
| Alan Guffy | President Trustee or director, Officer | 1 | $0 | $0 |
| Carl Ruggerio | Member Trustee or director | 1 | $0 | $0 |
| Tommy Deweese | Member Trustee or director | 1 | $0 | $0 |
| Jimmy Gurley | Member Trustee or director | 1 | $0 | $0 |
| Paula Scruggs | Member Trustee or director | 1 | $0 | $0 |
| Carolyn White | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Inetta Black | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Brenda McKee | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Gene Steele | Member Trustee or director | 1 | $0 | $0 |
| Becca McSwain | Ex-Officio Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 827, MOORESVILLE, NC 28115-0827
- In care of
- % RICHARD M WEBB
- Principal officer (990 for 2024)
- Kathie Brantley, PO Box 827, Mooresville, NC 28115
- Signed the 990
- Alan Guffy, President
- Phone
- (704) 799-7641
- Website
- www.cfcdc.org
- Return prepared by
- Foard and Company PA
Mission
The Organizations mission is to provide individuals and families a firm foundation through financial education, the encouragement of home ownership and to provide affordable housing to low and moderate income families through neighborhood revitalization and/or other community and economic development activities.
Program accomplishments
- The Organization operates to help provide affordable housing to low to moderate income families. The Organization supports neighborhood revitalization and/or other community and economic development activities that further the development of viable urban neighborhoods in the Town of Mooresville and South Iredell County of North Carolina. It also serves as a vehicle for sharing information and resources about affordable housing and home ownership to service providers, beneficiaries of affordable housing the Mooresville community as a whole. Designed to implement housing education programs for low to moderate income families, Community Foundations helps to enhance the quality of life of these individuals though housing counseling, financial literacy and home buyer education. Construction of two single family homesRehab of a Single family homeDevelopment activities on acquired lots for additional construction of homesExpenses $180,683
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
- 56-2067827
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $1,064,113
- Income (IRS master file)
- $144,556
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $144,556 | $208,119 | $1,064,113 | IRS |
| 990 | December 2023 | $181,351 | $150,080 | $763,790 | IRS |
| 990 | December 2022 | $168,692 | $122,381 | $504,066 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | 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 56-2067827).
Questions about COMMUNITY FOUNDATIONS INC
- What is the EIN of COMMUNITY FOUNDATIONS INC?
- The employer identification number (EIN) of COMMUNITY FOUNDATIONS INC is 56-2067827.
- Is COMMUNITY FOUNDATIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to COMMUNITY FOUNDATIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FOUNDATIONS 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 COMMUNITY FOUNDATIONS 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 COMMUNITY FOUNDATIONS 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 COMMUNITY FOUNDATIONS INC?
- The 990 for the year ended December 31, 2024 names Kathie Brantley.
- Who are the officers and directors of COMMUNITY FOUNDATIONS INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $61,238 (Kathie Brantley, Executive Dir.).
- How much revenue does COMMUNITY FOUNDATIONS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $144,556, expenses of $208,119 and total assets of $1,064,113 at year end.
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All nonprofits in MOORESVILLE · North Carolina · Housing and shelter