Allegro Foundation Inc

EIN: 200221482 501(c)(3) Education

Charlotte, NC

Total Revenue
$1,471,125
Total Expenses
$1,099,367
Total Assets
$2,059,636
Net Assets
$2,008,464
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
Pat Farmer
Phone
7044125229
Tax Period
2024-10-01 to 2025-09-30

Allegro Foundation Inc, founded in 1991, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $372K, a strong 25% operating margin.

Mission

Allegro Foundation is a 501(c)(3) non-profit organization that combines movement instruction with educational and medical expertise, creating new techniques to teach children with disabilities and enhance their quality of life.

Program Service Accomplishments

Program 1
Expenses: $976,668

Allegro Foundation, as a Champion for Children with Disabilities, combines movement instruction with medical and educational expertise, creating new techniques to teach children with disabilities and...

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Allegro Foundation, as a Champion for Children with Disabilities, combines movement instruction with medical and educational expertise, creating new techniques to teach children with disabilities and enhance their quality of life.

Program 2

Throughout FY2024, Allegro Foundation taught more than 800 children with disabilities using approximately 300 volunteers in Charlotte, North Carolina and Fort Mill, SC. The Foundation uses an...

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Throughout FY2024, Allegro Foundation taught more than 800 children with disabilities using approximately 300 volunteers in Charlotte, North Carolina and Fort Mill, SC. The Foundation uses an innovative set of educational principles and movement techniques to invoke measurable academic learning. Allegro Foundation does not discriminate against any type of disability in its more than 50 FREE Movements Education programs on-site at public elementary schools, preschools, summer camps, and after- school community outreach locations.

Program 3

Allegro's movement education instruction evidenced immense growth in cognitive, physical, and social development in all enrolled students with disabilities. Measurement of gross and fine motor skills...

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Allegro's movement education instruction evidenced immense growth in cognitive, physical, and social development in all enrolled students with disabilities. Measurement of gross and fine motor skills indicated growing flexibility and muscle strength gained through Allegro's movement education techniques, while targeted instruction produced significant gains in both receptive and expressive language. Overall, attention span for all students increased by an average of 153%, while Allegro's emphasis on bilateral coordination increased multi-hemispheric neural activity, engaging both sides of our students' brains simultaneously for a more complete learning experience.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,425,008
Program Service Revenue $0
Investment Income $46,117
Other Revenue $0
TOTAL REVENUE $1,471,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $414,715
Fundraising Expenses $0
Program Expenses $976,668
Other Expenses $684,652
TOTAL EXPENSES $1,099,367

Year-over-Year Comparison

2024 2023 Change
Revenue $1,471,125 $1,353,110 +0.1%
Expenses $1,099,367 $1,079,723 +0.0%
Net Income $371,758 $273,387 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
6
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$138,000
Total Directors
11
$138,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathy Buckley Secretary/Board Memb 3.00
Officer Director
$0 $0 $0
Jane Fastje COO/Program/Edu Dir 3.00
Officer Director
$0 $0 $0
Donnell Woolford Board Member 3.00
Director
$0 $0 $0
Stephen Walker Treasurer/Board Memb 3.00
Officer Director
$0 $0 $0
Pat Farmer Founder/Pres/Mov Dir 50.00
Officer Director
$138,000 $0 $138,000
Priscilla Perry Board Member 3.00
Director
$0 $0 $0
Jason Schugel Board Chairman 3.00
Officer Director
$0 $0 $0
Turner Dayton Board Member 3.00
Director
$0 $0 $0
Hadley Pacheco Esq Board Member 3.00
Director
$0 $0 $0
Elaine Pacicco MD Board Member 3.00
Director
$0 $0 $0
Tim Partridge Board Member 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,471,125 $1,099,367 $2,059,636 $371,758
2024 $1,353,110 $1,079,723 $1,724,723 $273,387
2023 $1,316,734 $999,498 $1,504,589 $317,236
2022 $1,309,454 $962,212 $1,059,716 $347,242
2021 $594,777 $601,866 $729,879 $-7,089
2020 $939,981 $680,141 $721,917 $259,840
2019 $1,136,106 $1,002,707 $476,681 $133,399
2018 $1,086,953 $1,025,390 $347,953 $61,563
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