Community Investments Foundation
97% goes to programs $0 to raise $100 Strong reserves Declining revenue
Community Investments Foundation is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2012, with $16,512,191 in FY2024 revenue. CharityIndex grades it C, and it directs about 97% of spending to programs.
220 N Tryon St, Charlotte, NC, 28202 EIN 45-6930128 Since 2012
Revenue (FY2024)
$16.5M
▼ 12.9% vs prior year
Human Services median: $293K
Expenses (FY2024)
$25.3M
Net assets
$68.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating97% to programs · $0 to raise $100
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 Community Investments Foundation: 97% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating33 mo reserves · -53% 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 Community Investments Foundation: 33 mo reserves · -53% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Community Investments Foundation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Community Investments Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Community investments foundation (cif) receives and manages gifts of business interests or other unique assets, until they can be liquidated, with the proceeds used in support of various charitable organizations.
Contact & location
- Address
- 220 N Tryon St, Charlotte, NC, 28202
- City
- Charlotte
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $15.5M (FY2015) to $16.5M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $272KNet assets $68.5M
Operating margin
-53.0%
Spent more than it raised in the latest fiscal year.
Total assets
$68.8M
Total liabilities
$272K
Net assets
$68.5M
Salaries & benefits
$0
0% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $16,512,191▼12.9% | $25,261,721▼1.1% | $68,543,069▼11.3% | $68,814,677▼11.2% | 990 |
| 2023 | $18,964,117▼7.4% | $25,547,982▲35.9% | $77,317,984▼9.1% | $77,458,068▼9.0% | 990 |
| 2022 | $20,489,868▼6.0% | $18,805,485▼10.1% | $85,028,798▼16.5% | $85,159,904▼16.5% | 990 |
| 2021 | $21,788,464▼22.3% | $20,921,475▲11.3% | $101,833,758▲37.4% | $101,933,737▲37.3% | 990 |
| 2020 | $28,053,991▲10.5% | $18,791,172▼13.7% | $74,089,885▲15.5% | $74,225,623▲15.4% | 990 |
| 2019 | $25,390,624▲4.5% | $21,770,105▼2.7% | $64,150,469▲6.0% | $64,298,775▲5.9% | 990 |
| 2018 | $24,295,790▼37.0% | $22,367,100▼74.1% | $60,529,950▲3.3% | $60,699,266▲3.2% | 990 |
| 2017 | $38,549,119▼61.4% | $86,378,192▲167% | $58,601,260▼44.9% | $58,803,765▼44.8% | 990 |
| 2016 | $99,766,542▲544% | $32,301,524▲130% | $106,430,658▲173% | $106,599,917▲172% | 990 |
| 2015 | $15,492,464 | $14,027,201 | $38,965,640 | $39,231,464 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alyssa Federico | Chief Financial Officer | 5 | — |
| Chris Poplin | Director | 0.3 | — |
| Douglas W Benson | Senior Vp & General Counse | 5 | — |
| Elizabeth Kiser | Senior Vp, Philanthropic A | 5 | — |
| Evan Wolkofsky | Assistant Deputy Counsel | 5 | — |
| Kieth Cockrell | Director | 0.3 | — |
| Laura Smith | Executive Vp | 5 | — |
| Marian Steele Clark | Director | 0.3 | — |
| Michael Marsicano | President & Ceo | 5 | — |
| Nikhil Sawant | Executive Vp & Cio | 5 | — |
| Robin Barefoot | Associate Counsel | 5 | — |
| Todd W Mansfield | Chair | 0.3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Foundation For the Carolinas | Administrative Fees | $437,956 |
Grants received · $2.6M total
2 grants to Community Investments Foundation totaling $2.6M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2023 | $150,000 |
| Foundation For the Carolinas | Charitable gift | 2018 | $2,421,688 |
Grants made · $23.8M in FY2024
5 grants totaling $23.8M in FY2024. All grants made by Community Investments Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation For the Carolinas | Grantmaking | $17,997,255 |
| Foundation For the Charlotte Jewish Community | Grantmaking | $5,722,008 |
| Bradhams Legacy | Charitable gift | $51,813 |
| Tryon Palace Foundation Inc | Charitable gift | $40,000 |
| Vanguard Charitable Endowment Program | Charitable gift | $31,905 |
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Frequently asked questions
- Is Community Investments Foundation a legitimate nonprofit?
- Yes. Community Investments Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-6930128, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Community Investments Foundation's EIN?
- Community Investments Foundation's Employer Identification Number (EIN) is 45-6930128.
- How much revenue does Community Investments Foundation report?
- Community Investments Foundation reported $16,512,191 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Community Investments Foundation's spending goes to programs?
- Community Investments Foundation spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Community Investments Foundation have?
- CharityIndex grades Community Investments Foundation C, based on program efficiency and fundraising cost.
- How much does Community Investments Foundation's highest-paid employee make?
- The highest reported compensation on Community Investments Foundation's latest Form 990 is $0, paid to Alyssa Federico (Chief Financial Officer).
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Data for Community Investments Foundation (EIN 45-6930128) 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.