A J Fletcher Foundation
90% goes to programs Strong reserves Declining revenue
A J Fletcher Foundation is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 1975, with $12,098,985 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
909 Glenwood Ave, Raleigh, NC, 27605 EIN 23-7423031 Since 1975
Revenue (FY2024)
$12.1M
▲ 99.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$10.3M
Net assets
$279.1M
Employees
5
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For A J Fletcher Foundation: 90% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating325 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For A J Fletcher Foundation: 325 mo reserves · +15% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For A J Fletcher Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For A J Fletcher Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o narrative for part iii, line 1
What they do
In keeping with its mission of supporting charitable organizations with certain purposes located in north carolina or serving north carolina residents, the a.j. fletcher foundation made grants totaling $6,158,250 to charitable organizations involved in the support of the elderly, infirm or indigent, in education, in artistic endeavors, in communication arts, in public recreation, and in fostering religious faith. see also schedule i, for a detailed list of all grants paid in 2024.
Contact & location
- Address
- 909 Glenwood Ave, Raleigh, NC, 27605
- City
- Raleigh
- State
- North Carolina
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $36.5M (FY2019) to $12.1M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $103KNet assets $279.1M
Operating margin
14.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$279.2M
Total liabilities
$103K
Net assets
$279.1M
Salaries & benefits
$519K
5% of expenses
Board members
7
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,098,985▲99.5% | $10,308,195▲27.7% | $279,117,615▲5.8% | $279,221,023▲5.8% | 990 |
| 2023 | $6,065,550▼94.1% | $8,073,377▲0.3% | $263,790,958▲9.8% | $263,837,938▲9.8% | 990 |
| 2022 | $103,189,395▲92.2% | $8,049,293▼50.4% | $240,167,330▲42.5% | $240,226,445▲42.4% | 990 |
| 2021 | $53,698,336▼31.2% | $16,213,183▼26.1% | $168,591,965▲8.8% | $168,653,502▲8.9% | 990 |
| 2020 | $78,045,637▲114% | $21,929,107▲67.7% | $154,896,594▲6.1% | $154,919,685▲6.1% | 990 |
| 2019 | $36,531,568 | $13,079,113 | $145,981,887 | $146,008,574 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Damon J Circosta — $219,205 (2.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Damon J Circosta | V.p/ Exec. Dir./asst Secre | 40 | $219,205 |
| Nicole Stewart | Director of Engagment | 40 | $111,019 |
| Barbara L Goodmon | President | 1 | — |
| Beth Briggs | Director | 1 | — |
| Daniel P Mcgrath | Treasurer/secretary | 1 | — |
| Greg Patterson | Director/treasurer | 2 | — |
| James F Goodmon | Chairman of the Board | 2 | — |
| James F Goodmon Jr | Director | 1 | — |
| Maria Spaulding | Director | 1 | — |
| Michael Goodmon | Director | 1 | — |
| Steve Hammel | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wells Fargo | Investment Fees | $231,418 |
| Vanguard | Investment Fees | $127,121 |
Grants made · $8.8M in FY2024
70 grants totaling $8.8M in FY2024 — showing the 15 largest. All grants made by A J Fletcher Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| The Fletcher Academy School of Achievement Inc | Operations and facilities support | $2,675,000 |
| North Carolina Community Foundation Inc | Dorothea dix park fund | $1,000,000 |
| Unc Hussman School of Journalism and Media Foundation | Broadcast studio | $500,000 |
| States Newsroom | Nc newsline | $285,000 |
| Shaw University | Real estate & strategic development | $250,000 |
| Boy Scouts of America | Scoutreach access to scouting and cristo rey work study program | $218,750 |
| Healing Transitions Inc | Capital campaign | $200,000 |
| North Carolina Justice Center | Education & communications project support | $200,000 |
| Common Cause Education Fund | Campus education and outreach | $180,000 |
| Appalachian Regional Healthcare Foundation | General obligations and hospital capital campaign | $175,000 |
| United Way of the Greater Triangle Inc | Innovative partnerships to support the greater triangle and bull city future fund | $175,000 |
| Safechild | Champion our children capital campaign | $150,000 |
| Leadership Triangle Inc | General operations | $150,000 |
| Note In the Pocket Inc | Durham expansion, work study program, and nonprofit internship program | $126,750 |
| The Community Foundation of Western North Carolina Inc | Education fund | $125,000 |
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Compare A J Fletcher Foundation
Frequently asked questions
- Is A J Fletcher Foundation a legitimate nonprofit?
- Yes. A J Fletcher Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7423031, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is A J Fletcher Foundation's EIN?
- A J Fletcher Foundation's Employer Identification Number (EIN) is 23-7423031.
- How much revenue does A J Fletcher Foundation report?
- A J Fletcher Foundation reported $12,098,985 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of A J Fletcher Foundation's spending goes to programs?
- A J Fletcher Foundation spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does A J Fletcher Foundation have?
- CharityIndex grades A J Fletcher Foundation A, based on program efficiency and fundraising cost.
- How much does A J Fletcher Foundation's highest-paid employee make?
- The highest reported compensation on A J Fletcher Foundation's latest Form 990 is $219,205, paid to Damon J Circosta (V.p/ Exec. Dir./asst Secre).
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Data for A J Fletcher Foundation (EIN 23-7423031) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.