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Cagc Foundation Inc

EIN 56-1604530 · Charlotte, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair53 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO SERVE THE CONSTRUCTION INDUSTRY BY FINANCIALLY SUPPORTING EXCELLENT WORKFORCE DEVELOPMENT AND RESEARCH PROGRAMS, ACTIVITIES, AND SERVICES IN THE CAROLINAS.

Income
$1.6 million
Spending
$1.6 million
Spent on programs
96%
Reserves
4.1 months of spending
Largest source of income
government grants, 75%
Employees
0
Volunteers
18
Highest pay
$404,918, secretary

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 53 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 4.1 months of spending.

  • Debt

    5 of 20

    It owes 68% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    5 of 15

    Income fell 11% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100.

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $1.5 million spent. BUILD YOUR CAREER (BYC) PROGRAM TO GET MORE PEOPLE AWARE OF CONSTRUCTION CAREER OPPORTUNITIES BY LAUNCHING EDUCATION EFFORTS ON THE MIDDLE SCHOOL AND HIGH SCHOOLLEVELS, AS WELL AS IN COMMUNITY COLLEGES, AND WITH INDIVIDUALS WANTINGTO CHANGE CAREERS. 14,000 STUDENTS LEARNED THAT THERE IS A GREATVARIETY OF JOBS IN THIS GREAT INDUSTRY AND THAT CONSTRUCTION IS NOTJUST ERECTING BUILDINGS, IT ALSO INVOLVES CONSTRUCTING BRIDGES,HIGHWAYS AND UTILITIES AS WELL.
  2. $19,994 spent. EDUCATION AND TRAINING - CAROLINAS AGC FOUNDATION OFFERS PROGRESSIVE TRAINING OPPORTUNITIES FOR CONSTRUCTION TRADE CRAFTSMEN, CONSTRUCTION SUPERVISORS, AND EXECUTIVE MANAGEMENT. THE FOUNDATION IS AN ACCREDITED TRAINING SPONSOR FOR THE NATIONAL CENTER FOR CONSTRUCTION EDUCATION AND RESEARCH (NCCER). AS A SPONSOR THE FOUNDATION OFFERS THE NCCER INSTRUCTOR CERTIFICATION TRAINING PROGRAM. CERTIFIED INSTRUCTORS ARE QUALIFIED TO TEACH NCCER CONTREN LEARNING SERIES CURRICULUM. THISCURRICULUM IS MODULE BASED AND TEACHES STUDENTS KNOWLEDGE AND SKILLS ASSOCIATED WITH TASKS RELATED TO A VARIETY OF CRAFT TRADES. TRAINING IS CONDUCTED IN COMMUNITY COLLEGES, TECHNICAL SCHOOLS, HIGH SCHOOLS, AND WITHIN INDIVIDUAL CONSTRUCTION COMPANIES IN NC AND SC. THE FOUNDATION IS AN ACCREDITED ASSESSMENT CENTER FOR NCCER. THE FOUNDATION OFFERS NCCER CERTIFICATION ASSESSMENTS FOR JOURNEY LEVEL CRAFTSMEN IN A VARIETY OF CRAFT TRADES. UPON SUCCESSFUL COMPLETION, CRAFTSMENRECEIVE CERTIFICATION CREDENTIALS FROM NCCER. THE FOUNDATION OFFERS A VARIETY OF SUPERVISORY AND MANAGEMENT CONTINUING EDUCATION OPPORTUNITIES. EDUCATIONAL OFFERINGS ARE DETERMINED FROM CAGC'S MEMBER INPUT AND CHANGE BASED ON THE CHANGING NEEDS OF THE INDUSTRY. THE FOUNDATION OFFERS THESE COURSES TO CAGC'S GENERAL MEMBERSHIP AND AS PRIVATE OFFERINGS TO MEMBER FIRMS. THE FOUNDATION'S PUBLIC OFFERINGS ARE AVAILABLE TO NON CAGC MEMBERS BASED ON SPACE AVAILABILITY. THE FOUNDATION IS COMMITTED TO PROVIDING HIGH QUALITY EDUCATION SERVICES FOR THE BENEFIT OF ITS MEMBERSHIP AND THE CONSTRUCTION INDUSTRY IN A COST EFFECTIVE MANNER TO HELP MAKE ATTENDEES SKILLED AND VALUED REPRESENTATIVES OF THE CONSTRUCTION INDUSTRY.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Chg Foundation (Chula Vista, CA), EIN 33-0586911. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.