Greater Cabarrus Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE GREATER CABARRUS FOUNDATION IS DEDICATED TO INITIATING AND EXPANDING PHILANTHROPIC EFFORTS TO SUPPORT LOCAL NONPROFIT AGENCIES AND DRIVE POSITIVE CHANGE ACROSS CABARRUS COUNTY. WE LEVERAGE OUR DEEP UNDERSTANDING OF OUR COMMUNITY, COMBINED WITH OUR FLEXIBILITY AND RESPONSIVENESS, TO SERVE AS A CRUCIAL PARTNER IN COMMUNITY DEVELOPMENT THROUGH OUR THREE PRIMARY FUNCTIONS: FUNDRAISING, GRANTMAKING, AND CAPACITY BUILDING THROUGH COLLABORATION.
- Income
- $5.8 million
- Spending
- $712,602
- Spent on programs
- 67%
- Reserves
- 78 months of spending
- Largest source of income
- donations and private grants, 98%
- Employees
- 2
- Volunteers
- 11
- Highest pay
- $130,000, president and ceo
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
Strong: 100 out of 100. Higher than 79% of charities in its peer group (philanthropy, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 78.0 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 88% of income.
Income trend
15 of 15Income rose 1588% on the year before.
Spending floor
15 of 1567% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 40% of charities in its peer group (philanthropy, $1m to $10m).
Independent board
25 of 257 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports 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 (3)
- $477,118 spent. 1. FUNDRAISING AND RESOURCE DEVELOPMENTWE COLLABORATE CLOSELY WITH COMMUNITY INVESTORS TO UNDERSTAND THEIR PASSIONS AND INTENTIONS, DIRECTING GIFTS TO ADDRESS THE EXACT PURPOSES THEY HAVE IDENTIFIED. BY POOLING FINANCIAL CONTRIBUTIONS, WE MAXIMIZE RESOURCES TO TACKLE CRITICAL COMMUNITY NEEDS AND ESTABLISH PERMANENT FUNDS WHICH ENSURE LONG-TERM SUSTAINABILITY.
- 2. GRANTMAKINGWE UTILIZE OUR KNOWLEDGE OF COMMUNITY NEEDS TO STRENGTHEN THE ECOSYSTEM OF NONPROFIT AGENCIES IN CABARRUS COUNTY. OUR GRANTMAKING FOCUSES ON SUPPORTING AGENCIES AND INITIATIVES THAT ADDRESS KEY PREDICTORS OF HEALTH AND WELLBEING, INCLUDING HOUSING, FOOD, HEALTHCARE, SAFE ENVIRONMENTS, EDUCATION, EMPLOYMENT, AND INDEPENDENT LIVING. WE PROVIDE INCREASED AND LONG-TERM SUPPORT THROUGH VARIOUS GRANTMAKING PROGRAMS, INCLUDING DONOR-ADVISED FUNDS AND A PERMANENT COMMUNITY ENDOWMENT FUND.
- 3. CAPACITY BUILDING THROUGH COLLABORATIONWE BRING TOGETHER DIVERSE PUBLIC AND PRIVATE STAKEHOLDERS AGENCIES, BUSINESSES, GOVERNMENT ENTITIES, DONORS, AND COMMUNITY MEMBERS TO COLLABORATE ON SOLUTIONS AND INITIATIVES THAT ADDRESS THE MOST PRESSING NEEDS IN OUR COMMUNITY AND HELP BUILD THE ORGANIZATIONAL CAPACITY OF THOSE AGENCIES WHICH PROVIDE VALUABLE SERVICES TO THEIR CLIENTS. GUIDED BY THE COMMUNITY NEEDS ASSESSMENT PRODUCED BY THE CABARRUS HEALTH ALLIANCE, WE ENSURE OUR EFFORTS ARE ALIGNED WITH BOTH CURRENT AND FUTURE COMMUNITY NEEDS
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
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.
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.
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.
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.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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.
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