2024-04-12T19:40:53-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2022-07-01 200258541 CMS FOUNDATION CMSF 7049734500 4421 STUART ANDREW BOULEVARD CHARLOTTE NC 28217 SONJA GANTT GIBSON EXECUTIVE DIRECTOR 7049734500 2024-04-08 1 SONJA GANTT GIBSON 999009999 1 AMY DOSIK P00890743 7043771678 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SONJA GANTT GIBSON 4421 STUART ANDREW BOULEVARD CHARLOTTE NC 28217 1335508 0 X WWW.CMS-FOUNDATION.ORG X 2003 NC THE CMS FOUNDATION IS THE TRUSTED BRIDGE BETWEEN CMS AND THE DONOR COMMUNITY. WE ARE DEDICATED TO (1) PEOPLE - CULTIVATING A SPIRIT OF GENEROSITY AND PROFESSIONAL SUPPORT FOR CMS EDUCATORS (2) POWER - BEING A CATALYST FOR ACHIEVING SYSTEM-WIDE DREAMS, GOALS AND OBJECTIVES. (3) PURPOSE - DEVELOPING A COUNTYWIDE CULTURE OF SUPPORT FOR THE CHILDREN OF CMS. 17 15 0 14 0 0 1372715 1149089 0 0 0 0 69924 143417 1442639 1292506 1063118 1300178 0 0 162862 167159 0 0 13805 347635 185901 1573615 1653238 -130976 -360732 2429009 2324495 0 5000 2429009 2319495 THE MISSION OF THE CMS FOUNDATION IS TO LEVERAGE SUPPLEMENTAL RESOURCES TO MAXIMIZE ACADEMIC ACHIEVEMENT BY EVERY STUDENT IN EVERY SCHOOL IN THE CHARLOTTE MECKLENBURG SCHOOL SYSTEM. 0 0 1457960 1300178 DISTRIBUTED GRANTS TO AND ON BEHALF OF CHARLOTTE MECKLENBURG SCHOOLS IN SUPPORT OF TEACHERS AND EDUCATIONAL PROGRAMS. 1457960 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NC X ALYSSA FEDERICO 7049734500 220 NORTH TRYON STREET CHARLOTTE NC 28202 DOUGLAS W BENSON DIRECTOR 1.00 50.00 X 0 270939 43948 ADAM BERNSTEIN DIRECTOR 1.00 0.00 X 0 0 0 KOBI BRINSON DIRECTOR 1.00 0.00 X 0 0 0 GERARD CAMACHO DIRECTOR 1.00 0.00 X 0 0 0 ANN B CLARK DIRECTOR 1.00 0.00 X 0 0 0 SANDRA HOLUB DIRECTOR 1.00 0.00 X 0 0 0 LINDSAY H JONES DIRECTOR 1.00 0.00 X 0 0 0 SHEILA JORDAN DIRECTOR 1.00 0.00 X 0 0 0 KATHRYN KISSAM DIRECTOR 1.00 0.00 X 0 0 0 COURTNEY RAMEY DIRECTOR 1.00 0.00 X 0 0 0 THOMAS M SCRIVENER DIRECTOR 1.00 0.00 X 0 0 0 JULIE ROBINSON SHEFFER DIRECTOR 1.00 0.00 X 0 0 0 GREG SKIDMORE DIRECTOR 1.00 0.00 X 0 0 0 DAVID WEBB DIRECTOR 1.00 0.00 X 0 0 0 DEIDRA PARISH WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 CRYSTAL HILL DIRECTOR 1.00 0.00 X 0 0 0 EARNEST WINSTON SUPERINTENDENT (TO 4/2022) 1.00 50.00 X 0 80677 22787 HUGH HATTABAUGH SUPERINTENDENT (FROM 4/2022) 1.00 50.00 X 0 192657 55091 SONJA GANTT GIBSON EXECUTIVE DIRECTOR 50.00 1.00 X 0 128672 39429 0 672945 161255 0 0 1 0 0 2520 1146569 1149089 75000 2520 43002 31998 31998 ADMINISTRATIVE FEES 900099 111419 111419 111419 1292506 0 0 143417 1300178 1300178 167159 74703 85920 6536 23735 10607 12200 928 99409 44425 51096 3888 350 157 179 14 5280 2360 2714 206 1151 514 592 45 1000 447 514 39 SHARED EMPLOYEE EXPENSE 36963 16519 18999 1445 PROJECT EXPENSE 17215 7693 8849 673 BOARD EXPENSES 548 245 282 21 DUES 250 112 128 10 1653238 1457960 181473 13805 72103 180566 1000 2355906 2143929 2429009 2324495 5000 0 5000 X 62326 280379 2366683 2039116 2429009 2319495 2429009 2324495 -360732 96749 154469 0 X 0 0 0 X X X 2 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 CHARLOTTE MECKLENBURG SCHOOLS 566001074 6 1 1300178 0 2 1300178 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 204852 6791 16504 27156 1586 199405 237167 4145 -30845 3740 1875 204852 193265 2761 44732 1861 1730 237167 201878 6826 4878 18696 1621 193265 193605 21504 7352 18125 2458 201878 1.00000 0 0 0 LOW DURATION FIXED INCOME FUND 368819 F ACTIVE LONG TERM GROWTH FUND 162196 F LIQUID RESERVES POOL FUND 1612914 F 2143929 PART V, LINE 4: THE 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. TEACHER TALKS 77520 2520 75000 7378 12967 13168 9489 77520 2520 75000 7378 12967 13168 9489 43002 31998 1 CHARLOTTE MECKLENBURG SCHOOLS 600 E 4TH STREET 5TH FLOOR CHARLOTTE NC 28202 566001074 170(C)(1) 1300178 0 EDUCATION 1 0 PART I, LINE 2: THE FOUNDATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION, CHARLOTTE MECKLENBURG SCHOOLS. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF FUNDS. 0 0 0 0 0 0 0 0 0 DOUGLAS W BENSON DIRECTOR 0 227714 0 40000 0 3225 0 32400 0 11548 0 314887 0 0 HUGH HATTABAUGH SUPERINTENDENT (FROM 4/2022) 0 190157 0 2500 0 0 0 44157 0 10934 0 247748 0 0 SONJA GANTT GIBSON EXECUTIVE DIRECTOR 0 122447 0 6225 0 0 0 30349 0 9080 0 168101 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE 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 11B A 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 12C BOARD 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 19 THE CMS FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON CHARLOTTE NC 28202 566047886 GRANTMAKING NC 501(C)(3) LINE 7 0 CHARLOTTE MECKLENBURG SCHOOLS 600 E 4TH STREET 5TH FLOOR CHARLOTTE NC 28202 566001074 EDUCATION NC 170(C)(1) 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 CHARLOTTE MECKLENBURG SCHOOLS B 1300178 FMV FOUNDATION FOR THE CAROLINAS O 204122 FMV