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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$761.4M
Program Spending
99%
of total expenses go to program services
Total Contributions
$656.1M
Total Expenses
▼$849.2M
Total Assets
$3.9B
Total Liabilities
▼$86.7M
Net Assets
$3.8B
Officer Compensation
→$2.8M
Other Salaries
$9.7M
Investment Income
$87.3M
Fundraising
▼$16.1K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$750K
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Housing and Urban Development | ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS | $750K | FY2023 | Feb 2023 – Aug 2031 | Open → |
Department of Housing and Urban Development
$750K
ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2020 | Clean | Unmodified (Clean) | $5M | No | 2021-08-02 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$5M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $761.4M | $656.1M | $849.2M | $3.9B | $3.8B |
| 2023IRS e-File | $538M | $449.9M | $582.5M | $3.5B | $3.4B |
| 2022 | $953.5M | $886.7M | $414.3M | $3.1B | $3B |
| 2021 | $770.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Cathy Bessant | CEO | 50 | $571.1K | $0 | $166K | $737.1K |
| Douglas W Benson | Chief Administrative And Chief Risk Officer (secre | 50 | $258.4K | $0 | $47K | $305.3K |
| Alyssa Federico | Chief Financial Officer (treasurer) | 50 | $228.6K | $0 | $45.9K | $274.5K |
| Evan N Wolkofsky | General Counsel (asst Secretary) | 50 | $213.3K | $0 | $57.3K | $270.6K |
| Laura Yates Clark | President | 50 | $234.5K | $0 | $0 | $234.5K |
| Tara Keener | Chief Marketing Officer (asst Secretary) | 50 | $171.9K | $0 | $33.3K | $205.2K |
| Arrington Mixon | Chair | 0.5 | $0 | $0 | $0 | $0 |
| Kieth Cockrell | Chair Elect | 0.5 | $0 | $0 | $0 | $0 |
Cathy Bessant
CEO
$737.1K
Hrs/Wk
50
Compensation
$571.1K
Related Orgs
$0
Other
$166K
Douglas W Benson
Chief Administrative And Chief Risk Officer (secre
$305.3K
Hrs/Wk
50
Compensation
$258.4K
Related Orgs
$0
Other
$47K
Alyssa Federico
Chief Financial Officer (treasurer)
$274.5K
Hrs/Wk
50
Compensation
$228.6K
Related Orgs
$0
Other
$45.9K
Evan N Wolkofsky
General Counsel (asst Secretary)
$270.6K
Hrs/Wk
50
Compensation
$213.3K
Related Orgs
$0
Other
$57.3K
Laura Yates Clark
President
$234.5K
Hrs/Wk
50
Compensation
$234.5K
Related Orgs
$0
Other
$0
Tara Keener
Chief Marketing Officer (asst Secretary)
$205.2K
Hrs/Wk
50
Compensation
$171.9K
Related Orgs
$0
Other
$33.3K
Arrington Mixon
Chair
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kieth Cockrell
Chair Elect
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Blair Stanford | Celc Executive Director | 50 | $267.2K | $0 | $66.5K | $333.7K |
| Nikhil Sawant | CIO (thru 3/1/24) | 50 | $245.6K | $0 | $25.2K | $270.8K |
| Munro C Richardson | Read Charlotte Executive Director | 50 | $199.2K | $0 | $63.1K | $262.3K |
| Federico G Rios | Svp, Civic Leadership | 50 | $216.3K | $0 | $45.3K | $261.6K |
| Elizabeth Kiser | Chief Philanthropy Officer | 50 | $202.2K | $0 | $57.7K | $259.9K |
Blair Stanford
Celc Executive Director
$333.7K
Hrs/Wk
50
Compensation
$267.2K
Related Orgs
$0
Other
$66.5K
Nikhil Sawant
CIO (thru 3/1/24)
$270.8K
Hrs/Wk
50
Compensation
$245.6K
Related Orgs
$0
Other
$25.2K
Munro C Richardson
Read Charlotte Executive Director
$262.3K
Hrs/Wk
50
Compensation
$199.2K
Related Orgs
$0
Other
$63.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Asha Rodriguez | Director | 0.5 | $0 | $0 | $0 | $0 |
| Betsy Fleming | Director | 0.5 | $0 | $0 | $0 | $0 |
| Bill Martin | Director | 0.5 | $0 | $0 | $0 | $0 |
| Edward Serna | Director | 0.5 | $0 | $0 | $0 | $0 |
| Fred Whitfield | Director | 0.5 | $0 | $0 | $0 | $0 |
| Gene Mclaurin | Director | 0.5 |
Asha Rodriguez
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Betsy Fleming
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Bill Martin
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Laura Smith | Former COO | 50 | $436.2K | $0 | $3,812 | $440K |
Laura Smith
Former COO
$440K
Hrs/Wk
50
Compensation
$436.2K
Related Orgs
$0
Other
$3,812
| $671M |
| $584.9M |
| $2.9B |
| $2.8B |
| 2020 | $548.7M | $485.9M | $489.9M | $2.4B | $2.3B |
| 2019 | $289.7M | $253.5M | $351.8M | $2.1B | $2B |
| 2018 | $449.7M | $311.3M | $325.3M | $1.8B | $1.8B |
| 2017 | $662.5M | $591.1M | $435.4M | $1.9B | $1.8B |
| 2016 | $445.4M | $410.5M | $326.8M | $1.5B | $1.4B |
| 2015 | $382.5M | $347.7M | $297.9M | $1.3B | $1.2B |
| 2014 | $684.3M | $619.3M | $354.3M | $1.3B | $1.2B |
| 2013 | $317.1M | $274.4M | $195.6M | $908.1M | $875.8M |
| 2012 | $215.8M | $195.2M | $175.2M | $705.5M | $676.5M |
| 2011 | $148.3M | $129.2M | $144.9M | $608.4M | $586.7M |
| 2010 | $196M | $174.4M | $138.1M | $619.4M | $600M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | Data |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| Sherri S Chisholm |
| Loo Executive Director |
| 50 |
| $195.5K |
| $0 |
| $34.8K |
| $230.3K |
| Sean Seifert | Carolina Theatre Executive | 50 | $150.2K | $0 | $40.4K | $190.6K |
| Robin Barefoot | Associate Counsel | 50 | $139.1K | $0 | $41.6K | $180.7K |
Federico G Rios
Svp, Civic Leadership
$261.6K
Hrs/Wk
50
Compensation
$216.3K
Related Orgs
$0
Other
$45.3K
Elizabeth Kiser
Chief Philanthropy Officer
$259.9K
Hrs/Wk
50
Compensation
$202.2K
Related Orgs
$0
Other
$57.7K
Sherri S Chisholm
Loo Executive Director
$230.3K
Hrs/Wk
50
Compensation
$195.5K
Related Orgs
$0
Other
$34.8K
Sean Seifert
Carolina Theatre Executive
$190.6K
Hrs/Wk
50
Compensation
$150.2K
Related Orgs
$0
Other
$40.4K
Robin Barefoot
Associate Counsel
$180.7K
Hrs/Wk
50
Compensation
$139.1K
Related Orgs
$0
Other
$41.6K
| $0 |
| $0 |
| $0 |
| $0 |
| Jada Grandy-Mock | Director | 0.5 | $0 | $0 | $0 | $0 |
| Kelly Katterhagen | Director | 0.5 | $0 | $0 | $0 | $0 |
| Lynn Good | Director | 0.5 | $0 | $0 | $0 | $0 |
| Malcomb Coley | Director | 0.5 | $0 | $0 | $0 | $0 |
| Marian Steele Clark | Director | 0.5 | $0 | $0 | $0 | $0 |
| Ralph Lopez-Massas | Director | 0.5 | $0 | $0 | $0 | $0 |
| Sharyn Ellison | Director | 0.5 | $0 | $0 | $0 | $0 |
| Susan Kluttz | Director | 0.5 | $0 | $0 | $0 | $0 |
| Todd Gorelick | Director | 0.5 | $0 | $0 | $0 | $0 |
| Tom Nelson | Director | 0.5 | $0 | $0 | $0 | $0 |
| Tropzie Mccluney | Director | 0.5 | $0 | $0 | $0 | $0 |
Edward Serna
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Fred Whitfield
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Gene Mclaurin
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jada Grandy-Mock
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Kelly Katterhagen
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Lynn Good
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Malcomb Coley
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Marian Steele Clark
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Ralph Lopez-Massas
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Sharyn Ellison
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Susan Kluttz
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Todd Gorelick
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Tom Nelson
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Tropzie Mccluney
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0