Nonprofit · EIN 92-2022464
FFTC PARTNERS FOR EMPOWERING COMMUNITIES
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $300,000 | $7,149,494 | -$6,849,494 | $1,410,895 | $44,972 | $1,365,923 |
| December 31, 2023 | 990 | $19,334,130 | $12,149,321 | $7,184,809 | $7,905,622 | $58,425 | $7,847,197 |
| December 31, 2022 | 990 | $0 | $0 | $0 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,761,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $609,148
- Accounting fees
- $5,245
- Travel
- $1,410
- Program services (functional)
- $6,381,795
- Management and general (functional)
- $713,428
- Fundraising (functional)
- $54,271
Balance sheet and other
- Total assets, start of year
- $7,905,622
- Total assets, end of year
- $1,410,895
- Total liabilities, end of year
- $44,972
- Net assets, end of year
- $1,365,923
- Publicly traded securities
- $1,410,895
- Net assets without donor restrictions
- $1,365,923
- Gross receipts
- $300,000
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2022
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHY BESSANT | CEO Officer | 0.5 | $0 | $602,970 | $169,387 |
| DOUGLAS BENSON | SECRETARY Officer | 0.5 | $0 | $258,735 | $70,195 |
| EVAN WOLKOFSKY | ASSISTANT SECRETARY Officer | 0.5 | $0 | $251,035 | $61,277 |
| FEDERICO RIOS | ASSISTANT SECRETARY Officer | 0.5 | $0 | $228,835 | $62,833 |
| ALYSSA FEDERICO | CFO Officer | 0.5 | $0 | $228,835 | $61,119 |
| JEWELL HOOVER | CHAIR (RESIGNED 9/5/24) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TONYA S BLACKMON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LUCIA ZAPATA GRIFFITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LAURA SMITH | PRESIDENT Officer | 0.5 | $0 | $771,548 | $76,494 |
| DOUGLAS BENSON | SECRETARY Officer | 0.5 | $0 | $375,935 | $46,391 |
| ALYSSA FEDERICO | TREASURER Officer | 0.5 | $0 | $337,555 | $47,013 |
| FEDERICO RIOS | ASSISTANT SECRETARY Officer | 0.5 | $0 | $160,237 | $15,770 |
| JEWELL HOOVER | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TONYA S BLACKMON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LUCIA ZAPATA GRIFFITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Doug Benson | Secretary Officer | 0.5 | $0 | $270,939 | $43,948 |
| Alyssa Federico | Treasurer Officer | 0.5 | $0 | $258,695 | $34,413 |
| Jewell Hoover | Chair Trustee or director | 0.5 | $0 | $0 | $0 |
| Tonya S Blackman | Member Trustee or director | 0.5 | $0 | $0 | $0 |
| Lucia Zapata Griffith | Member Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 N TRYON ST, CHARLOTTE, NC 28202-2137
- In care of
- % LEGAL DEPARTMENT
- 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
TO CARRY OUT GRANT-MAKING AND RELATED PROGRAMS TO FOSTER ECONOMIC DEVELOPMENT OPPORTUNITIES AND GREATER SOCIAL AND ECONOMIC MOBILITY FOR LOW INCOME AND MINORITY COMMUNITIES IN THE GREATER CHARLOTTE METROPOLITAN AREA.
Program accomplishments
- BEYOND OPEN SMALL BUSINESS GRANT PROGRAM. TO ADMINISTER GRANTS TO CHARLOTTE METRO AREA SMALL BUSINESSES PRIMARILY WITHIN LOW INCOME COMMUNITIES. GRANTS ARE DIRECTED TO DIVERSE SMALL BUSINESSES AND THE SMALL BUSINESS ECOSYSTEM TO HELP BUILD ECONOMIC MOBILITY.Expenses $6,381,795 · grants $5,761,500
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
- 92-2022464
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $1,410,895
- Income (IRS master file)
- $300,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $300,000 | $7,149,494 | $1,410,895 | IRS |
| 990 | December 2023 | $19,334,130 | $12,149,321 | $7,905,622 | XML |
| 990 | December 2022 | $0 | $0 | $0 | XML |
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 92-2022464).
Questions about FFTC PARTNERS FOR EMPOWERING COMMUNITIES
- What is the EIN of FFTC PARTNERS FOR EMPOWERING COMMUNITIES?
- The employer identification number (EIN) of FFTC PARTNERS FOR EMPOWERING COMMUNITIES is 92-2022464.
- Is FFTC PARTNERS FOR EMPOWERING COMMUNITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FFTC PARTNERS FOR EMPOWERING COMMUNITIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FFTC PARTNERS FOR EMPOWERING COMMUNITIES 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 FFTC PARTNERS FOR EMPOWERING COMMUNITIES 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 FFTC PARTNERS FOR EMPOWERING COMMUNITIES 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 FFTC PARTNERS FOR EMPOWERING COMMUNITIES?
- The 990 for the year ended December 31, 2024 names ALYSSA FEDERICO.
- Who are the officers and directors of FFTC PARTNERS FOR EMPOWERING COMMUNITIES?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does FFTC PARTNERS FOR EMPOWERING COMMUNITIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $300,000, expenses of $7,149,494 and total assets of $1,410,895 at year end.
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