Nonprofit · EIN 86-3485624
CLT IMPACT INVESTORS
Tax-exempt · CHARLOTTE, NC 28203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $51,175 | $282,400 | -$231,225 | $914,564 | $3,594 | $910,970 |
| December 31, 2023 | 990 | $154,604 | $35,435 | $119,169 | $1,166,257 | $0 | $1,166,257 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,775
- Investment income
- $16,316
- Net gain from sales of assets
- $554
- Other revenue
- $15,084
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,433
- Other salaries and wages
- $22,575
- Salaries, compensation and benefits (total)
- $164,023
- Professional fundraising fees
- $0
- Legal fees
- $868
- Accounting fees
- $2,400
- Travel
- $25,690
- Depreciation
- $2,300
- Program services (functional)
- $160,001
- Management and general (functional)
- $122,399
Balance sheet and other
- Total assets, start of year
- $1,166,257
- Total assets, end of year
- $914,564
- Total liabilities, end of year
- $3,594
- Net assets, end of year
- $910,970
- Publicly traded securities
- $95,565
- Gross unrelated business income
- $34,859
- Gross receipts
- $458,584
- Employees
- 4
- Volunteers
- 5
- Year formed
- 2021
- 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 |
|---|---|---|---|---|
| BRYANT COHEN | DIRECTOR Trustee or director | 1 | $120,433 | $7,967 |
| DAVID SHEFFER | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| MATTHEW MAGAN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| TODD COLLINS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| CURTIS GRINER | ASSISTANT SECRETARY Officer | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID SHEFFER | PRESIDENT Trustee or director, Officer | 0.04 | $0 |
| MATTHEW MAGAN | VICE PRESIDENT Trustee or director, Officer | 0.04 | $0 |
| TODD COLLINS | SECRETARY Trustee or director, Officer | 0.04 | $0 |
| CURTIS GRINER | ASSISTANT SECRETARY Officer | 0.04 | $0 |
Address and contacts
- Address (IRS master file)
- 1428 WAVERLY AVE, CHARLOTTE, NC 28203-5237
- In care of
- % PRESIDENT
- Principal officer (990 for 2024)
- MATTHEW MAGAN, 1428 WAVERLY AVE, CHARLOTTE, NC 28203
- Signed the 990
- MATTHEW MAGAN, VICE PRESIDENT
- Phone
- (704) 999-9832
- Website
- WWW.CLTIMPACT.COM
- Return prepared by
- LINDSEY J JACKSON PA
Mission
TO PROMOTE COMMUNITY DEVELOPMENT BY PURPOSEFULLY IMPROVING THE SOCIAL AND/OR ECONOMIC NEEDS OF LOW-INCOME INDIVIDUALS AND HISTORICALLY UNDERSERVED COMMUNITIES IN CHARLOTTE, NC AND SURROUNDING AREAS BY FINANCING OR INVESTING IN AFFORDABLE HOUSING AND/OR PROVIDING SEED AND GROWTH CAPITAL TO MINORITY OWNED BUSINESSES.
Program accomplishments
- PROVIDING STARTUP FUNDING AND OPERATING CAPITAL TO MINORITY OWNED BUSINESSES
- PROVIDING EXECUTIVE TRAINING AND BUSINESS OWNERSHIP OPPORTUNITIES FOR NON-TRADITIONAL HIRES THROUGH PINK'S WINDOW SERVICES FRANCHISE.Expenses $160,001 · revenue $19,775
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
- 86-3485624
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $914,564
- Income (IRS master file)
- $458,584
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $51,175 | $282,400 | $914,564 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $154,604 | $35,435 | $1,166,257 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $596,707 | $8,330 | $1,047,088 | IRS |
| 990 | December 2021 | $459,896 | $1,185 | $458,711 | 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 86-3485624).
Questions about CLT IMPACT INVESTORS
- What is the EIN of CLT IMPACT INVESTORS?
- The employer identification number (EIN) of CLT IMPACT INVESTORS is 86-3485624.
- Is CLT IMPACT INVESTORS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CLT IMPACT INVESTORS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLT IMPACT INVESTORS 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 CLT IMPACT INVESTORS 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 CLT IMPACT INVESTORS 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 CLT IMPACT INVESTORS?
- The 990 for the year ended December 31, 2024 names MATTHEW MAGAN.
- Who are the officers and directors of CLT IMPACT INVESTORS?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $120,433 (BRYANT COHEN, DIRECTOR).
- How much revenue does CLT IMPACT INVESTORS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $51,175, expenses of $282,400 and total assets of $914,564 at year end.
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