Charlotte Sports Foundation

EIN: 462059715 501(c)(3) Recreation & Sports

Charlotte, NC

Total Revenue
$23,265,919
Total Expenses
$21,682,601
Total Assets
$22,608,097
Net Assets
$19,328,665
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
Phone
7046444047
Tax Period
2023-04-01 to 2024-03-31

Charlotte Sports Foundation, founded in 2013, is a mid-sized nonprofit in the Recreation & Sports sector that reported $23.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $21.7M left a modest 7% surplus.

Mission

The Charlotte Sports Foundation is a non-profit, 501(c)(3) organization created in 2013 to provide leadership for sports-based initiatives that enhance the economy and quality of life in the Charlotte region. We provide unique events and business opportunities around professional, collegiate and amateur sporting events. Our efforts are intended to create a positive economic impact in the region as well as to enhance the quality of life.

Program Service Accomplishments

Program 1
Expenses: $13,975,234 Revenue: $9,256,742

CSE was formed to foster national amateur sports competition in the greater Charlotte-Mecklenburg County area and for other charitable purposes, including, but not limited to, maximizing the positive...

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CSE was formed to foster national amateur sports competition in the greater Charlotte-Mecklenburg County area and for other charitable purposes, including, but not limited to, maximizing the positive impact of the area's economy, national image and community pride by organizing and operating the neutral-site game ("NSG "NSG Event"), Jumpman Invitational ("Jumpman "Jumpman Event"), and Ally Tipoff ("Ally Tipoff Event") sanctioned by the NCAA. The 2023 NSG Event was held on September 2, 2023 in Charlotte, North Carolina. The participating teams were University of South Carolina and University of North Carolina at Chapel Hill. The 2022 NSG Event was held on September 3, 2022 in Charlotte, North Carolina. The participating teams were North Carolina Agricultural and Technical State University and North Carolina Central University. The 2023 Jumpman Event was held on December 19, 2023 and December 20, 2023 in Charlotte, North Carolina. The participating teams were University of North Carolina at Chapel Hill, University of Michigan, University of Oklahoma and the University of Florida. The 2022 Jumpman Event was held on December 20, 2022 in Charlotte, North Carolina. The participating teams were University of North Carolina at Chapel Hill, University of Michigan, University of Oklahoma and the University of Florida. The 2023 Ally Tipoff Event was held on November 9, 2023 in Charlotte, North Carolina. The participating teams were University of Iowa and the Virgina Polytechnic Institute and State University.

Program 2
Expenses: $4,610,774 Revenue: $5,781,357

CCFB was formed to foster national amateur sports competition in the greater Charlotte-Mecklenburg County area and for other charitable purposes, including, but not limited to, maximizing the...

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CCFB was formed to foster national amateur sports competition in the greater Charlotte-Mecklenburg County area and for other charitable purposes, including, but not limited to, maximizing the positive impact of the area's economy, national image and community pride by organizing and operating a Football Bowl Subdivision college football game (the "CCFB Event") sanctioned by the National Collegiate Athletic Association (the "NCAA"). The CCFB Event is generally presented in December of each year and is sponsored by a primary or title sponsor (the "CCFB Title Sponsor"). The CCFB Title Sponsor for the 2023 and 2022 CCFB Events was Duke's Mayonnaise. The 2023 and 2022 CCFB Events were held on December 27, 2023 and December 30, 2022, respectively, in Charlotte, North Carolina. The participating teams in the 2023 Event were University of North Carolina at Chapel Hill and West Virginia University. The participating teams in the 2022 Event were University of Maryland and North Carolina State University.

Program 3
Expenses: $1,415,290 Revenue: $1,529,118

CCF was formed to foster national amateur sports competition in the greater Charlotte-Mecklenburg County area and for other charitable purposes, including, but not limited to, maximizing the positive...

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CCF was formed to foster national amateur sports competition in the greater Charlotte-Mecklenburg County area and for other charitable purposes, including, but not limited to, maximizing the positive impact on the area's economy, national image and community pride by organizing and operating the Atlantic Coast Conference Football Championship Game (the "CCF Event"). The 2023 Event was held on December 2, 2023 in Charlotte, North Carolina. The participating teams were University of Louisville and the Florida State University. The 2022 Event was held on December 3, 2022 in Charlotte, North Carolina. The participating teams were Clemson University and the University of North Carolina at Chapel Hill.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,671,524
Program Service Revenue $16,567,217
Investment Income $450,019
Other Revenue $1,577,159
TOTAL REVENUE $23,265,919

Expense Breakdown

Grants Paid $14,232,016
Salaries & Benefits $2,047,871
Fundraising Expenses $157,619
Program Expenses $20,001,298
Other Expenses $5,402,714
TOTAL EXPENSES $21,682,601

Year-over-Year Comparison

2023 2022 Change
Revenue $23,265,919 $18,481,910 +0.3%
Expenses $21,682,601 $16,064,841 +0.3%
Net Income $1,583,318 $2,417,069 -0.3%
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
37
Independent Members
35
Employees
8
Volunteers
150

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
7
$783,895
Total Directors
39
$472,405
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Co-Chair of the Board 2.0
Officer Director
$0 $0 $0
N/A Executive Director 40.0
Officer Director
$413,375 $59,030 $472,405
N/A Co-Chair of the Board 40.0
Officer Director
$0 $0 $0
N/A Assistant Secretary 2.0
Officer Director
$0 $0 $0
N/A Vice President 2.0
Officer Director
$0 $0 $0
N/A Treasurer/Secretary 2.0
Officer Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Board Member 2.0
Director
$0 $0 $0
N/A Chief Operating Officer 40.0
Officer
$256,260 $55,230 $311,490
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 No data No data No data No data
2024 $23,265,919 $21,682,601 $22,608,097 $1,583,318
2023 $18,481,910 $16,064,841 $17,953,915 $2,417,069
2022 $23,218,983 $25,339,679 $17,242,160 $-2,120,696
2021 $17,786,465 $4,490,237 $18,202,027 $13,296,228
2020 $13,711,086 $17,344,026 $6,075,152 $-3,632,940
2019 $19,316,303 $19,804,438 $15,020,585 $-488,135
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