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Community Investments Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 456930128 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

Overview

What is Community Investments Foundation?

Community Investments Foundation is a Charlotte, North Carolina-based nonprofit organization, located at 220 N Tryon Street, 28202. The foundation's primary focus is to receive and manage unique assets, such as business interests, which are later liquidated to fund charitable organizations. Their mission encompasses the engagement and support of local nonprofits. Community Investments Foundation offers community space for collaboration and planning, making it accessible to all local nonprofits and their constituencies during business hours. By providing a central hub for meetings, the foundation fosters an environment of growth and cooperation within the local nonprofit sector.


Official website here: www.none

Is Community Investments Foundation legitimate?

Community Investments Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Investments Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.none

What is the mission statement of Community Investments Foundation?

The Community Investments Foundation (CIF) serves as a valuable intermediary by receiving and managing unique assets, including business interests, until they are ready to be liquidated. Once the assets are sold, the proceeds are channeled towards supporting various charitable organizations. The foundation is deeply committed to community engagement, allocating resources for community space that is accessible to all local non-profits during business hours. These facilities offer vital venues for meetings and planning sessions for non-profit organizations and their constituencies.


Official website here: www.none

Who is the CEO of Community Investments Foundation?

Alyssa Federico is the Senior Vp, Finance of Community Investments Foundation.


Official website here: www.none

What is the revenue of Community Investments Foundation?

Community Investments Foundation's revenue in 2022 was $20,489,868.


Official website here: www.none

Who are the executives of Community Investments Foundation and what are their salaries?

Here are 13 key members and their salaries:

    Michael Marsicano (President)
  • Compensation: $0
  • Related: $817,136
  • Other: $81,188

    • Nikhil Sawant (Executive Vp)
  • Compensation: $0
  • Related: $449,410
  • Other: $106,743

    • Holly Welch Stubbing (Executive Vp)
  • Compensation: $0
  • Related: $448,252
  • Other: $101,488

    • Laura Smith (Executive Vp)
  • Compensation: $0
  • Related: $448,088
  • Other: $90,451

    • Douglas W Benson (Senior Vp & In-House Counsel)
  • Compensation: $0
  • Related: $270,939
  • Other: $43,948

    • Alyssa Federico (Senior Vp, Finance)
  • Compensation: $0
  • Related: $258,695
  • Other: $34,413

    • Elizabeth Kiser (Senior Vp, Philanthropic Advancement)
  • Compensation: $0
  • Related: $179,386
  • Other: $24,988

    • Evan Wolkofsky (Deputy Gen. Counsel & Vp)
  • Compensation: $0
  • Related: $159,243
  • Other: $36,981

    • Robin Barefoot (Assoc. Gen. Counsel & Vp)
  • Compensation: $0
  • Related: $130,090
  • Other: $19,055

    • Todd W Mansfield (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kieth Cockrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Poplin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marian Steele Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.none

    Where can I find the form 990 for Community Investments Foundation?

    The Community Investments Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.none

    Learn more at the official website: www.none

    Mission Statement of Community Investments Foundation

    Community Investments Foundation (CIF) is a unique entity that takes on the responsibility of managing and liquidating special assets, such as business interests, in order to generate funds for various charitable organizations. The organization plays a vital role in the community by creating opportunities for collaboration and planning, as it manages facilities that are open to all local non-profit organizations during business hours for their meetings and those of their constituencies.

    In simpler terms, Community Investments Foundation acts as a bridge, connecting donors with valuable assets and charitable causes. By managing these assets, CIF ensures their proper liquidation, ultimately resulting in financial support for numerous charitable organizations. This mission is not only a financial one, but also a community-focused one, as the organization provides valuable space for non-profits to engage, collaborate, and plan for the betterment of their respective causes and the community as a whole.

    By effectively managing these assets, CIF is able to contribute significantly to the non-profit sector and facilitate positive change in the community. The organization's approach not only generates much-needed funds but also fosters a collaborative and supportive environment where non-profits can come together, exchange ideas, and build partnerships. This, in turn, strengthens the non-profit sector and enhances its ability to address the various challenges and needs of the community.

    Impact

    This information is meant to be a general summary of Community Investments Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Community Investments Foundation has a significant impact by receiving and managing gifts of business interests or other unique assets, which are then liquidated to support various charitable organizations. Through its community engagement initiatives, the foundation provides grants to support community spaces for collaboration and planning. This space is accessible to all local nonprofit organizations for meetings and activities during business hours, fostering a sense of unity and cooperation among different charitable entities. The foundation's efforts in facilitating the distribution of resources contribute to the advancement of human services and other charitable causes in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,388,726
  • Program Service Revenue: $0
  • Gross Receipts: $21,035,292

    • Assets and Liabilities:
  • Total Assets: $85,159,904
  • Total Liabilities: $131,106
  • Net Assets: $85,028,798
  • Organization Details

    Founding Year

    2012

    Principal Officer

    Alyssa Federico

    Main Address

    220 N TRYON STREET, CHARLOTTE, NC, 28202

    Website

    www.none

    NTEE Category

    Code: P117 - Human services

    If you are a representative of Community Investments Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.