Crosland Foundation
Only 40% goes to programs Strong reserves Growing revenue
Crosland Foundation is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2001, with $1,113,591 in FY2024 revenue. CharityIndex grades it C, and it directs about 40% of spending to programs.
220 N Tryon St, Charlotte, NC, 28202 EIN 56-6557259 Since 2001
Revenue (FY2024)
$1.1M
▼ 98.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.4M
Net assets
$129.0M
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 →CProgram efficiency40% of the rating40% 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 Crosland Foundation: 40% to programs earns a C on this criterion. See the exact thresholds →
FFinancial health25% of the rating652 mo reserves · -113% 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 Crosland Foundation: 652 mo reserves · -113% 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 Crosland 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 Crosland Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See attachment 1
Contact & location
- Address
- 220 N Tryon St, Charlotte, NC, 28202
- City
- Charlotte
- State
- North Carolina
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $10.1M (FY2020) to $1.1M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8,318Net assets $129.0M
Operating margin
-113.1%
Spent more than it raised in the latest fiscal year.
Total assets
$129.0M
Total liabilities
$8,318
Net assets
$129.0M
Salaries & benefits
$18K
1% of expenses
Board members
11
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,113,591▼98.8% | $2,373,236▲44.0% | $129,006,107▲11.0% | $129,014,425▲11.0% | 990 |
| 2023 | $90,029,732▲4483% | $1,648,072▲22.1% | $116,208,776▲595% | $116,211,176▲595% | 990 |
| 2022 | $1,964,452▲341% | $1,349,484▲5.8% | $16,715,980▼11.6% | $16,720,151▼11.7% | 990 |
| 2021 | $445,294▼95.6% | $1,275,707▲70.8% | $18,919,963▲8.2% | $18,933,188▲8.2% | 990 |
| 2020 | $10,131,868 | $746,777 | $17,488,396 | $17,493,571 | 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: Adelaide Belk Martin — $4,500 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adelaide Belk Martin | Trustee | 0.5 | $4,500 |
| Courtauld Young | Trustee | 0.5 | $4,500 |
| James C Burbank | Trustee | 0.5 | $4,500 |
| Boris Henderson | Trustee | 0.5 | $3,000 |
| Douglas W Ey Jr | Trustee | 0.5 | — |
| Dr Hunter Dyer | Trustee | 0.5 | — |
| Elizabeth Kiser | Trustee | 0.5 | — |
| James Merrifield | Trustee | 0.5 | — |
| Jamie Mclawhorn | Trustee | 0.5 | — |
| John Crosland III | Trustee | 0.5 | — |
| Robert E Mason IV | Trustee | 0.5 | — |
Grants made · $952K in FY2024
23 grants totaling $952K in FY2024 — showing the 15 largest. All grants made by Crosland Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Protestant Episcopal High School In Virginia | See part iv | $142,737 |
| The John Crosland School | See part iv | $100,000 |
| Davidson College | See part iv | $95,158 |
| Foundation For the Carolinas | See part iv | $95,158 |
| Roof Above Inc | See part iv | $50,000 |
| Habitat For Humanity | See part iv | $50,000 |
| Young Womens Christian Association of the Central Carolinas Inc | See part iv | $50,000 |
| Charlotte Family Housing Inc | See part iv | $50,000 |
| Crossroads Corp For Affordable Housing and Community Dev Inc | See part iv | $45,000 |
| The Salvation Army | See part iv | $25,000 |
| The Relatives Inc | See part iv | $25,000 |
| West Side Clt | See part iv | $25,000 |
| Renaissance West Community Initiative | See part iv | $25,000 |
| Supportive Housing Communities Inc | See part iv | $25,000 |
| Crisis Assistance Ministry | See part iv | $25,000 |
Similar organizations in Philanthropy
- Philanthropy
Asheville Area Chamber of Commerce Community Betterment Foundation
Asheville, NC
$1.1M
Cannual revenue
Philanthropy
Hugh Chatham Memorial Hospital Foundation
Elkin, NC
$1.1M
Bannual revenue
Philanthropy
Window World Cares Inc
N Wilkesboro, NC
$1.1M
C+annual revenue
- Philanthropy
Vivid Bainbridge Cobb Charitable Tr
Raleigh, NC
$1.1M
C+annual revenue
- Philanthropy
Thomas Jefferson Community Education Foundation Inc
Rutherfordton, NC
$1.1M
Fannual revenue
Philanthropy
Catawba County United Way Inc
Hickory, NC
$1.1M
C+annual revenue
- Philanthropy
Western North Carolina Real Estate Foundation Inc
Asheville, NC
$1.2M
Cannual revenue
Philanthropy
Thrive Global Project Inc
Charlotte, NC
$1.2M
Bannual revenue
Philanthropy
Give Hope Inc
Charlotte, NC
$1.1M
Bannual revenue
Philanthropy
United Way of Davidson County Inc
Lexington, NC
$1.2M
Bannual revenue
Compare Crosland Foundation
Frequently asked questions
- Is Crosland Foundation a legitimate nonprofit?
- Yes. Crosland Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6557259, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Crosland Foundation's EIN?
- Crosland Foundation's Employer Identification Number (EIN) is 56-6557259.
- How much revenue does Crosland Foundation report?
- Crosland Foundation reported $1,113,591 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Crosland Foundation's spending goes to programs?
- Crosland Foundation spends about 40% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Crosland Foundation have?
- CharityIndex grades Crosland Foundation C, based on program efficiency and fundraising cost.
- How much does Crosland Foundation's highest-paid employee make?
- The highest reported compensation on Crosland Foundation's latest Form 990 is $4,500, paid to Adelaide Belk Martin (Trustee).
More nonprofits in Charlotte
Explore more
Data for Crosland Foundation (EIN 56-6557259) 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.