2019-11-15T11:49:51-06:00 2018-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2018-01-01 456930128 COMMUNITY INVESTMENTS FOUNDATION COMM 7049734500 220 N TRYON STREET CHARLOTTE NC 28202 HOLLY WELCH STUBBING SECRETARY/TREASURER 7049734500 2019-11-14 1 AMANDA ADAMS P00748038 7043771678 38.142.98.34 2019-11-14 16:32:08 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2018 2020-04-17 16:48:07Z HOLLY WELCH STUBBING 220 N TRYON STREET CHARLOTTE NC 28202 24979359 0 X NONE X 2012 FL 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. 3 3 0 0 2503172 921561 23103202 22638377 0 0 14589577 879459 856340 777954 38549119 24295790 84798676 21039657 0 0 0 0 0 0 44071 1579516 1327443 86378192 22367100 -47829073 1928690 58803765 60699266 202505 169316 58601260 60529950 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. 0 0 21629971 21039657 53785 COMMUNITY ENGAGEMENT: EXPENSES RELATED TO FACILITY AND GRANTS TO SUPPORT COMMUNITY SPACE AVAILABLE FOR COLLABORATION AND PLANNING. SPACE IS AVAILABLE TO ALL LOCAL NON-PROFIT ORGANIZATIONS DURING BUSINESS HOURS FOR MEETINGS OF THE NON-PROFITS AND THEIR CONSTITUENCIES. 21629971 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 7 0 0 0 0 0 X 3 3 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 FL NC CA X ALYSSA FEDERICO 7049734500 220 N TRYON STREET CHARLOTTE NC 28202 TODD W MANSFIELD CHAIR 0.30 X X 0 0 0 W BARNES HAUPTFUHRER VICE-CHAIR 0.30 X X 0 0 0 RUTH G SHAW DIRECTOR 0.30 X 0 0 0 COMMUNITY REAL PROPERTY HOLDINGS TRUSTEE 0.00 X 0 0 0 HOLLY WELCH STUBBING TREASURER/SECRETARY 5.00 50.00 X 0 253802 52727 0 253802 52727 0 0 1 0 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 ADMINISTRATIVE FEES 460046 1 2421688 20216689 21862989 22638377 537698 780482 -242784 528024 -37449 565473 565473 53785 511688 998521 656760 341761 341761 998521 -656760 262101 64258 197843 197843 FACILITY AND EVENT INCOME 812900 14638 14638 14638 24295790 53785 2503172 -899544 21039657 21039657 17119 7613 8938 568 460047 204583 240190 15274 9173 4079 4789 305 151 67 79 5 401071 178356 209399 13316 EVENT EXPENSES 420000 186774 219282 13944 NEW EQUIPMENT EXPENSE 15541 6911 8114 516 DUES & SUBSCRIPTIONS 4053 1802 2116 135 288 129 151 8 22367100 21629971 693058 44071 3178096 3387814 260000 220000 90125 69003 2449666 2770810 108074 123009 17634627 2493447 15557719 15141180 18425465 19143465 18734620 19843985 58803765 60699266 202505 169316 202505 169316 X 16378677 17025205 41029687 41893950 1192896 1610795 58601260 60529950 58803765 60699266 1928690 0 X 0 1 X 0 0 X X X 1 FOUNDATION FOR THE CAROLINAS 566047886 7 1 21029162 0 1 21029162 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1617760 -470896 13372 1133492 1632767 15007 1617760 1649375 16608 1632767 2069893 -400003 20515 1649375 2090783 20890 2069893 0.00000 1.00000 0.00000 0 0 3232800 3232800 14356659 2473552 11883107 45168 19895 25273 15141180 19143465 C 19143465 PARTNERSHIP INTERESTS 19843985 19843985 X PART V, LINE 4: SPENDABLE INCOME FROM ENDOWED FUNDS IS USED ANNUALLY TO PROVIDE SUPPORT TO FOUNDATION FOR THE CAROLINAS. INCOME CAN BE DESIGNATED FOR SPECIFIC PROGRAMS OR PROJECTS, OR CAN BE USED FOR GENERAL OPERATING SUPPORT. PART X, LINE 2: THE FOUNDATION AND ITS SUPPORTING FOUNDATIONS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. IN ACCORDANCE WITH IRC REGULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME, WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL OF ITS POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017. 1 FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 501(C)3 21039657 GRANTMAKING 1 0 PART I, LINE 2: THE FOUNDATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE GRANT FUNDS. 0 0 0 0 0 0 0 0 0 HOLLY WELCH STUBBING TREASURER/SECRETARY 0 211362 0 40000 0 2440 0 31800 0 20927 0 306529 0 0 PART I, LINE 3 FOUNDATION FOR THE CAROLINAS (SUPPORTED ORGANIZATION) UTILIZES A COMPENSATION COMMITTEE TO REVIEW EXECUTIVE COMPENSATION ON AN ANNUAL BASIS. AN INDEPENDENT CONSULTANT REVIEWS ALL EMPLOYEE POSITIONS, USING COMPENSATION SURVEYS AND OTHER RELEVANT DATA TO PROVIDE RECOMMENDED SALARY RANGES FOR EACH POSITION, INCLUDING EXECUTIVE POSITIONS. DATA PROVIDED BY THE INDEPENDENT CONSULTANT IS REVIEWED BY THE COMPENSATION COMMITTEE AS PART OF THE APPROVAL PROCESS. X 35 21862989 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A UNDER THE FOUNDATION'S TRUST AGREEMENT, THE TRUSTEE (CURRENTLY COMMUNITY REAL PROPERTY HOLDINGS) APPOINTS OFFICERS OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FINAL FORM 990, WITHOUT SCHEDULE B ATTACHED, IS DISTRIBUTED TO EACH VOTING MEMBER OF THE BOARD PRIOR TO FILING. THE RETURN IS DISCUSSED AT THE NEXT BOARD MEETING CLOSEST TO THE FILING DATE. THE BOARD BELIEVES THE REDACTION OF SCHEDULE B PRIOR TO REVIEW IS APPROPRIATE, IN ORDER TO PROTECT THE CONFIDENTIALITY OF THE FOUNDATION'S DONORS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY, IN COMPLIANCE WITH NATIONAL STANDARDS FOR COMMUNITY FOUNDATIONS AND UNDER FOUNDATION FOR THE CAROLINAS (SUPPORTED ORGANIZATION) ETHICS POLICY, IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS. THE POLICY REQUIRES EACH BOARD MEMBER, WHETHER NEW OR RETURNING, TO SPECIFY POTENTIAL CONFLICTS OF INTEREST, SUCH AS VENDOR RELATIONSHIPS OR GRANT RECIPIENT RELATIONSHIPS. IN ADDITION, AT EACH MEETING, BOARD MEMBERS ARE ASKED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. UPON DISCLOSURE OF A CONFLICT, A BOARD MEMBER MUST CONFORM TO THE TERMS OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 CIF DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A FORMAL POLICY FOR DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 CIF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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