Charlies Heart Foundation
- Assets
- $750.1k
- Revenue
- $538.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Matthews, NC
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 82-2279726
Organization Overview
Charlies Heart Foundation is located in Matthews, NC. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlies Heart Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Charlies Heart Foundation generated $538.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 53.7% each year . All expenses for the organization totaled $294.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Charlies Heart Foundation has awarded 27 individual grants totaling $568,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING FAMILIES TO STAY TOGETHER WHEN FACED WITH DIFFICULT LIFE CIRCUMSTANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT SMALL NONPROFITS BY FUNDING INNOVATIVE PROGRAMS DESIGNED TO IMPROVE THE LIVES OF AT-RISK AND VULNERABLE FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Holt Director/vp/treasurer | OfficerTrustee | 10 | $0 |
Sara Hyden Secretary | OfficerTrustee | 1 | $0 |
Rebecca Holt Director/president | OfficerTrustee | 15 | $0 |
Shawn Flynn Board Member | Trustee | 1 | $0 |
Chris Fialko Board Member | Trustee | 1 | $0 |
Lauren Jackson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $518,955 |
| Total Program Service Revenue | $490 |
| Investment income | $8,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $538,540 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $228,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,459 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,115 |
| Fees for services: Other | $31,615 |
| Advertising and promotion | $2,325 |
| Office expenses | $4,054 |
| Information technology | $1,249 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $359 |
| All other expenses | $0 |
| Total functional expenses | $294,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,730 |
| Savings and temporary cash investments | $28,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $606,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $750,141 |
| Accounts payable and accrued expenses | $1,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,194 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $748,947 |
| Total liabilities and net assets/fund balances | $750,141 |
Grants Awarded
Over the last fiscal year, Charlies Heart Foundation has awarded $228,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $59,365 |
Charlotte, NC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $30,000 |
Austin, TX PURPOSE: TO SUPPORT GENERAL OPERATIONS | $30,000 |
Charlotte, NC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $25,000 |
Austin, TX PURPOSE: TO SUPPORT GENERAL OPERATIONS | $25,000 |
Charlotte, NC PURPOSE: TO SUPPORT GENERAL OPERATIONS | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charlies Heart Foundation has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |