CMS FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CMS FOUNDATION (EIN 20-0258541)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202501359349304005
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T09:10:17-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN882730877PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHERRY BEKAERT ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11111 METROPOLITAN AVE STE 900AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200258541EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CMS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCMSFBusinessNameControlTxt
Phone7049734500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14421 STUART ANDREW BOULEVARDAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28217ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSONJA GANTT GIBSONPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone7049734500PhoneNum
Signature2025-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELANIE MCPEAKPreparerPersonNm
PTINP01346034PTIN
Phone7043771678PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSONJA GANTT GIBSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14421 STUART ANDREW BOULEVARDAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28217ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,660,506GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CMS-FOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionTHE CMS FOUNDATION INVESTS IN INNOVATION TO HELP CHARLOTTE-MECKLENBURG SCHOOLS (CMS) ADDRESS BIG CHALLENGES AND EXPAND OPPORTUNITIES FOR OUR STUDENTS AND EDUCATORS.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers13TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,149,089PYContributionsGrantsAmt
CY Contributions Grants$2,379,399CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$143,417PYOtherRevenueAmt
CY Other Revenue$207,941CYOtherRevenueAmt
PY Total Revenue$1,292,506PYTotalRevenueAmt
CY Total Revenue$2,587,340CYTotalRevenueAmt
PY Grants And Similar Paid$1,300,178PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,218,740CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$167,159PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$171,202CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$34,187CYTotalFundraisingExpenseAmt
PY Other Expenses$185,901PYOtherExpensesAmt
CY Other Expenses$316,449CYOtherExpensesAmt
PY Total Expenses$1,653,238PYTotalExpensesAmt
CY Total Expenses$1,706,391CYTotalExpensesAmt
PY Revenues Less Expenses-$360,732PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$880,949CYRevenuesLessExpensesAmt
Total Assets BOY$2,324,495TotalAssetsBOYAmt
Total Assets EOY$3,353,867TotalAssetsEOYAmt
Total Liabilities BOY$5,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,319,495NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,343,867NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CMS FOUNDATION INVESTS IN INNOVATION TO HELP CHARLOTTE-MECKLENBURG SCHOOLS (CMS) ADDRESS BIG CHALLENGES AND EXPAND OPPORTUNITIES FOR OUR STUDENTS AND EDUCATORS. AS THE NONPROFIT FUNDRAISING PARTNER FOR CHARLOTTE MECKLENBURG SCHOOLS, WE HARNESS THE POWER OF PHILANTHROPY TO SEED INNOVATIVE IDEAS AND ACCELERATE SYSTEM-WIDE TRANSFORMATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,441,316ExpenseAmt
Grant$1,218,740GrantAmt
DescDISTRIBUTED GRANTS TO AND ON BEHALF OF CHARLOTTE MECKLENBURG SCHOOLS IN SUPPORT OF TEACHERS AND EDUCATIONAL PROGRAMS.Desc
Total Program Service Expenses$1,441,316TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALYSSA FEDERICOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7049734500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1220 NORTH TRYON STREETAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28202ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
GREG ALCORN
DIRECTOR1.0050.00Yes (X)$0$0$0
DOUGLAS W BENSON
DIRECTOR1.0050.00Yes (X)$0$375,935$46,392
KOBI KENNEDY BRINSON
DIRECTOR (THRU 8/2023)1.000.00Yes (X)$0$0$0
GERARD M CAMACHO
DIRECTOR1.000.00Yes (X)$0$0$0
CARRIE COOK
DIRECTOR1.000.00Yes (X)$0$0$0
CHARLITTA HATCH
DIRECTOR1.000.00Yes (X)$0$0$0
DR CRYSTAL HILL
SUPERINTENDENT1.0050.00Yes (X)$0$313,577$93,172
SANDRA HOLUB
DIRECTOR1.000.00Yes (X)$0$0$0
LINDSAY H JONES
DIRECTOR1.000.00Yes (X)$0$0$0
SHEILA JORDAN
DIRECTOR1.000.00Yes (X)$0$0$0
THOMAS M SCRIVENER
DIRECTOR1.000.00Yes (X)$0$0$0
GREG SKIDMORE
DIRECTOR1.000.00Yes (X)$0$0$0
DAVID WEBB
DIRECTOR1.000.00Yes (X)$0$0$0
DEIDRA PARRISH WILLIAMS
DIRECTOR1.000.00Yes (X)$0$0$0
SONJA GANTT GIBSON
EXECUTIVE DIRECTOR50.001.00$0$127,383$40,069Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$816,895TotReportableCompRltdOrgAmt
Total Other Compensation$179,633TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$14,827FundraisingAmt
All Other Contributions$2,364,572AllOtherContributionsAmt
Total Contributions$2,379,399TotalContributionsAmt
Fundraising Gross Income$102,500FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$14,827ContriRptFundraisingEventAmt
Fundraising Direct Expenses$73,166FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,334TotalRevenueColumnAmt
Exclusion$29,334ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescADMINISTRATIVE FEESDesc
Business900099BusinessCd
Total Revenue Column$178,607TotalRevenueColumnAmt
Exclusion$178,607ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$178,607OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,587,340TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$207,941ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,218,740TotalAmt
Program Services$1,218,740ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$171,202TotalAmt
Program Services$78,137ProgramServicesAmt
Management And General$81,064ManagementAndGeneralAmt
Fundraising$12,001FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$21,609TotalAmt
Program Services$9,862ProgramServicesAmt
Management And General$10,232ManagementAndGeneralAmt
Fundraising$1,515FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$190,607TotalAmt
Program Services$86,993ProgramServicesAmt
Management And General$90,252ManagementAndGeneralAmt
Fundraising$13,362FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,140TotalAmt
Program Services$1,433ProgramServicesAmt
Management And General$1,487ManagementAndGeneralAmt
Fundraising$220FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$913TotalAmt
Program Services$428ProgramServicesAmt
Management And General$419ManagementAndGeneralAmt
Fundraising$66FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,486TotalAmt
Program Services$2,960ProgramServicesAmt
Management And General$3,071ManagementAndGeneralAmt
Fundraising$455FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$907TotalAmt
Program Services$414ProgramServicesAmt
Management And General$429ManagementAndGeneralAmt
Fundraising$64FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$260TotalAmt
Program Services$119ProgramServicesAmt
Management And General$123ManagementAndGeneralAmt
Fundraising$18FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROJECT EXPENSE$84,323$38,485$39,927$5,911
SHARED EMPLOYEE EXPENSE$7,565$3,453$3,582$530
BOARD EXPENSES$389$178$184$27
DUES$250$114$118$18

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,706,391TotalAmt
Program Services$1,441,316ProgramServicesAmt
Management And General$230,888ManagementAndGeneralAmt
Fundraising$34,187FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$180,566BOYAmt
EOY$314,330EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$20,750EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,143,929BOYAmt
EOY$3,018,787EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,324,495BOYAmt
EOY$3,353,867EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$5,000BOYAmt
EOY$10,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,000BOYAmt
EOY$10,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$280,379BOYAmt
EOY$402,522EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,039,116BOYAmt
EOY$2,941,345EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,319,495BOYAmt
EOY$3,343,867EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,324,495BOYAmt
EOY$3,353,867EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$880,949ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$143,423NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
FOUNDATION FOR THE CAROLINAS
5660478867Yes (1)$0$0
CHARLOTTE MECKLENBURG SCHOOLS
5660010746Yes (1)$1,218,740$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$1,218,740SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$199,405BeginningYearBalanceAmt
Contributions$6,915ContributionsAmt
Investment Earnings Or Losses$21,908InvestmentEarningsOrLossesAmt
Grants Or Scholarships$14,109GrantsOrScholarshipsAmt
Administrative Expenses$1,617AdministrativeExpensesAmt
End Year Balance$212,502EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$204,852BeginningYearBalanceAmt
Contributions$6,791ContributionsAmt
Investment Earnings Or Losses$16,504InvestmentEarningsOrLossesAmt
Grants Or Scholarships$27,156GrantsOrScholarshipsAmt
Administrative Expenses$1,586AdministrativeExpensesAmt
End Year Balance$199,405EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$237,167BeginningYearBalanceAmt
Contributions$4,145ContributionsAmt
Investment Earnings Or Losses-$30,845InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,740GrantsOrScholarshipsAmt
Administrative Expenses$1,875AdministrativeExpensesAmt
End Year Balance$204,852EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$193,265BeginningYearBalanceAmt
Contributions$2,761ContributionsAmt
Investment Earnings Or Losses$44,732InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,861GrantsOrScholarshipsAmt
Administrative Expenses$1,730AdministrativeExpensesAmt
End Year Balance$237,167EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$201,878BeginningYearBalanceAmt
Contributions$6,826ContributionsAmt
Investment Earnings Or Losses$4,878InvestmentEarningsOrLossesAmt
Grants Or Scholarships$18,696GrantsOrScholarshipsAmt
Administrative Expenses$1,621AdministrativeExpensesAmt
End Year Balance$193,265EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
LOW DURATION FIXED INCOME FUND$302,880F
ACTIVE LONG TERM GROWTH FUND$173,579F
LIQUID RESERVES POOL FUND$2,542,328F
FieldValueIRS element (for citing)
Total Book Value Securities$3,018,787TotalBookValueSecuritiesAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION'S ENDOWMENT FUNDS WERE CREATED TO ESTABLISH A PERMANENT LEGACY FUND TO SUPPORT MUSIC EDUCATION. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SCHOOLANTHROPYEvent1Nm
Gross Receipts Event1$117,327GrossReceiptsEvent1Amt
Charitable Contri Event1$14,827CharitableContriEvent1Amt
Gross Revenue Event1$102,500GrossRevenueEvent1Amt
Rent Facility Costs Event1$8,001RentFacilityCostsEvent1Amt
Food And Beverage Event1$24,249FoodAndBeverageEvent1Amt
Entertainment Event1$24,615EntertainmentEvent1Amt
Other Direct Expenses Event1$16,301OtherDirectExpensesEvent1Amt
Gross Receipts Total$117,327GrossReceiptsTotalAmt
Charitable Contributions Tot$14,827CharitableContributionsTotAmt
Gross Revenue Total Events$102,500GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$8,001RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$24,249FoodAndBeverageTotalEventsAmt
Entertainment Total Events$24,615EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$16,301OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$73,166DirectExpenseSummaryEventsAmt
Net Income Summary$29,334NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CHARLOTTE MECKLENBURG SCHOOLSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 E 4TH STREET 5TH FLOORAddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28202ZIPCd
FieldValueIRS element (for citing)
Recipient EIN566001074RecipientEIN
IRC Section170(C)(1)IRCSectionDesc
Cash Grant$1,218,740CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantEDUCATIONPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION, CHARLOTTE MECKLENBURG SCHOOLS. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF FUNDS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DOUGLAS W BENSON
DIRECTOR$0$334,708$0$40,000$0$1,227$0$34,680$0$11,712$0$422,327$0$0
DR CRYSTAL HILL
SUPERINTENDENT$0$313,577$0$0$0$0$0$72,185$0$20,987$0$406,749$0$0
SONJA GANTT GIBSON
EXECUTIVE DIRECTOR$0$127,383$0$0$0$0$0$31,564$0$8,505$0$167,452$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ATHE RIGHT TO APPOINT A MAJORITY OF THE DIRECTORS VESTS EXCLUSIVELY IN CHARLOTTE MECKLENBURG SCHOOLS AND THE RIGHT TO APPOINT THE REMAINING DIRECTORS VESTS EXCLUSIVELY IN FOUNDATION FOR THE CAROLINAS.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FINAL FORM 990 WAS DISTRIBUTED TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. THE RETURN IS AVAILABLE FOR DISCUSSION AT THE NEXT BOARD MEETING AFTER THE FILING DATE.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS ANNUALLY COMPLETE A CONFLICT OF INTEREST FORM, IN COMPLIANCE WITH THE CMS FOUNDATION'S ETHICS POLICY. THE CMS FOUNDATION STAFF COLLECTS AND MAINTAINS THE FORMS ANNUALLY AND MONITORS THE PROCESS.
FORM 990, PART VI, SECTION C, LINE 19THE CMS FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GCONTRACT SERVICES: PROGRAM SERVICE EXPENSES 86,993. MANAGEMENT AND GENERAL EXPENSES 90,252. FUNDRAISING EXPENSES 13,362. TOTAL EXPENSES 190,607.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtControlled OrganizationControlledOrganizationInd
FOUNDATION FOR THE CAROLINAS
220 NORTH TRYONCHARLOTTENC28202566047886GRANTMAKINGNC501(C)(3)LINE 70
CHARLOTTE MECKLENBURG SCHOOLS
600 E 4TH STREET 5TH FLOORCHARLOTTENC28202566001074EDUCATIONNC170(C)(1)0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CHARLOTTE MECKLENBURG SCHOOLS
B$1,218,740FMV
FOUNDATION FOR THE CAROLINAS
O$178,767FMV

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