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The Kaizen Foundation of North Carolina Inc

EIN 87-2330270 · Monroe, NC

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

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceWeak41 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The Kaizen Foundation of NC is a 501(c)(3) tax-exempt organization based in the greater Charlotte area. We are a community-based organization that is committed to advancing financial literacy and upward mobility. TKFNC supports the financial education efforts of its partners and affiliates, brings together the financial literacy community to foster cooperation and collaboration. TKFNC raises the importance of financial literacy and the importance of effective financial education.

Income
$15,647
Spending
$16,255
Spent on programs
83%
Reserves
5.3 months of spending
Largest source of income
donations and private grants, 100%
Employees
1
Volunteers
54
Highest pay
$15,000, executive dir.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 41 out of 100. Higher than 18% of charities in its peer group (human services, under $250k).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give 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.

  • 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, 2025, 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 (1)
  1. $13,405 spent. The Kaizen Foundation of North Carolina has made meaningful progress in expanding access to practical financial education, coaching, and targeted support for individuals and families facing economic instability. Through the Kaizen Literacy Program, TKFNC served 247 Literacy Partners, held 34 financial literacy classes, and provided 21 counseling hours, helping participants strengthen their financial knowledge, decision-making, and confidence. This impact was made possible through strong community support and volunteer engagement. TKFNC mobilized 54 volunteers, contributing 84.5 fundraising volunteer hours to support program growth and sustainability. These efforts helped raise $8,500 in fundraising dollars, including $3,000 designated for targeted financial assistance to help reduce barriers for participants working toward greater stability. In addition to community fundraising, TKFNC secured $34,950 in grant funding to expand evidence-informed financial literacy, coaching, and support services across North Carolina. These accomplishments reflect TKFNCs growing capacity to address financial inequities through practical education, individualized counseling, and trusted community-based partnerships that promote long-term financial success.

Source: Form 990 for the year ending December 31, 2025, 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 October 13, 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 October 13, 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 October 13, 2026.

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

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

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

    Recognized by the IRS since March 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 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.