2025-05-15T09:10:17-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-07-01 200258541 CMS FOUNDATION CMSF 7049734500 4421 STUART ANDREW BOULEVARD CHARLOTTE NC 28217 SONJA GANTT GIBSON EXECUTIVE DIRECTOR 7049734500 2025-05-14 1 1 MELANIE MCPEAK P01346034 7043771678 2023 2025-03-06 01:10:19Z SONJA GANTT GIBSON 4421 STUART ANDREW BOULEVARD CHARLOTTE NC 28217 2660506 0 X WWW.CMS-FOUNDATION.ORG X 2003 NC THE CMS FOUNDATION INVESTS IN INNOVATION TO HELP CHARLOTTE-MECKLENBURG SCHOOLS (CMS) ADDRESS BIG CHALLENGES AND EXPAND OPPORTUNITIES FOR OUR STUDENTS AND EDUCATORS. 13 11 0 13 0 0 1149089 2379399 0 0 0 0 143417 207941 1292506 2587340 1300178 1218740 0 0 167159 171202 0 0 34187 185901 316449 1653238 1706391 -360732 880949 2324495 3353867 5000 10000 2319495 3343867 X THE 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. 0 0 1441316 1218740 DISTRIBUTED GRANTS TO AND ON BEHALF OF CHARLOTTE MECKLENBURG SCHOOLS IN SUPPORT OF TEACHERS AND EDUCATIONAL PROGRAMS. 1441316 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 13 11 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 GREG ALCORN DIRECTOR 1.00 50.00 X 0 0 0 DOUGLAS W BENSON DIRECTOR 1.00 50.00 X 0 375935 46392 KOBI KENNEDY BRINSON DIRECTOR (THRU 8/2023) 1.00 0.00 X 0 0 0 GERARD M CAMACHO DIRECTOR 1.00 0.00 X 0 0 0 CARRIE COOK DIRECTOR 1.00 0.00 X 0 0 0 CHARLITTA HATCH DIRECTOR 1.00 0.00 X 0 0 0 DR CRYSTAL HILL SUPERINTENDENT 1.00 50.00 X 0 313577 93172 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 THOMAS M SCRIVENER 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 PARRISH WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 SONJA GANTT GIBSON EXECUTIVE DIRECTOR 50.00 1.00 X 0 127383 40069 0 816895 179633 0 0 1 0 0 14827 2364572 2379399 102500 14827 73166 29334 29334 ADMINISTRATIVE FEES 900099 178607 178607 178607 2587340 0 0 207941 X 1218740 1218740 171202 78137 81064 12001 21609 9862 10232 1515 190607 86993 90252 13362 3140 1433 1487 220 913 428 419 66 6486 2960 3071 455 907 414 429 64 260 119 123 18 PROJECT EXPENSE 84323 38485 39927 5911 SHARED EMPLOYEE EXPENSE 7565 3453 3582 530 BOARD EXPENSES 389 178 184 27 DUES 250 114 118 18 1706391 1441316 230888 34187 180566 314330 0 20750 2143929 3018787 2324495 3353867 5000 10000 5000 10000 X 280379 402522 2039116 2941345 2319495 3343867 2324495 3353867 880949 143423 0 X 0 0 0 X X X 2 FOUNDATION FOR THE CAROLINAS 566047886 7 1 0 0 CHARLOTTE MECKLENBURG SCHOOLS 566001074 6 1 1218740 0 2 1218740 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 199405 6915 21908 14109 1617 212502 204852 6791 16504 27156 1586 199405 237167 4145 -30845 3740 1875 204852 193265 2761 44732 1861 1730 237167 201878 6826 4878 18696 1621 193265 0.00000 1.00000 0.00000 0 0 0 LOW DURATION FIXED INCOME FUND 302880 F ACTIVE LONG TERM GROWTH FUND 173579 F LIQUID RESERVES POOL FUND 2542328 F 3018787 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. SCHOOLANTHROPY 117327 14827 102500 8001 24249 24615 16301 117327 14827 102500 8001 24249 24615 16301 73166 29334 1 CHARLOTTE MECKLENBURG SCHOOLS 600 E 4TH STREET 5TH FLOOR CHARLOTTE NC 28202 566001074 170(C)(1) 1218740 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 334708 0 40000 0 1227 0 34680 0 11712 0 422327 0 0 DR CRYSTAL HILL SUPERINTENDENT 0 313577 0 0 0 0 0 72185 0 20987 0 406749 0 0 SONJA GANTT GIBSON EXECUTIVE DIRECTOR 0 127383 0 0 0 0 0 31564 0 8505 0 167452 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. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 86,993. MANAGEMENT AND GENERAL EXPENSES 90,252. FUNDRAISING EXPENSES 13,362. TOTAL EXPENSES 190,607. 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 1218740 FMV FOUNDATION FOR THE CAROLINAS O 178767 FMV