QUEENS UNIVERSITY OF CHARLOTTE ENDOWMENT

EIN: 472298734 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$2,368,471
Total Expenses
$8,919,537
Total Assets
$166,265,915
Net Assets
$166,265,915
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NC
Principal Officer
ALYSSA FEDERICO
Phone
7049734500
Tax Period
2023-07-01 to 2024-06-30

QUEENS UNIVERSITY OF CHARLOTTE ENDOWMENT, founded in 2014, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $8.9M exceeded revenue, resulting in a 277% operating deficit.

Mission

THE ENDOWMENT WILL PERFORM THE ENDOWMENT FUNCTIONS AND CARRY OUT THE PURPOSES OF QUEENS UNIVERSITY OF CHARLOTTE AND FOUNDATION FOR THE CAROLINAS WITH RESPECT TO THE QUEENS UNIVERSITY OF CHARLOTTE.

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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 $2,496,550
Program Service Revenue $0
Investment Income $-128,079
Other Revenue $0
TOTAL REVENUE $2,368,471

Expense Breakdown

Grants Paid $8,239,512
Salaries & Benefits $0
Fundraising Expenses $47,670
Program Expenses $8,549,875
Other Expenses $680,025
TOTAL EXPENSES $8,919,537

Year-over-Year Comparison

2023 2022 Change
Revenue $2,368,471 $3,459,786 -0.3%
Expenses $8,919,537 $13,945,020 -0.4%
Net Income $-6,551,066 $-10,485,234 -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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$1,361,545
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
L WATTS HAMRICK III CHAIR 0.50
Officer Director
$0 $0 $0
DONNA DEAN DIRECTOR 0.50
Director
$0 $0 $0
ROB ENGEL DIRECTOR 0.50
Director
$0 $0 $0
SAAD EHTISHAM DIRECTOR 0.50
Director
$0 $0 $0
HOOPER HARDISON DIRECTOR 0.50
Director
$0 $0 $0
ERIC MCCARTHY CFA DIRECTOR 0.50
Director
$0 $0 $0
SUSAN MCCONNELL DIRECTOR 0.50
Director
$0 $0 $0
MANUEL REY DIRECTOR 0.50
Director
$0 $0 $0
MARCIA TILLOTSON DIRECTOR 0.50
Director
$0 $0 $0
MARGI VAGELL DIRECTOR 0.50
Director
$0 $0 $0
DANIEL LUGO PRESIDENT 0.50
Officer
$0 $134,688 $758,643
ALYSSA FEDERICO SENIOR VP, FINANCE 0.50
Officer
$0 $45,780 $383,335
MATTHEW A PACKEY ASST SECRETARY (START 7/1/23) 0.50
Officer
$0 $21,071 $219,567
MARY ALICE BOYD ASST SECRETARY (THRU 6/30/23) 0.50
$0 $21,781 $162,562
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 $2,368,471 $8,919,537 $166,265,915 $-6,551,066
2023 $3,459,786 $13,945,020 $154,502,680 $-10,485,234
2022 $1,639,921 $13,203,639 $153,989,404 $-11,563,718
2021 $2,324,123 $3,524,204 $185,539,015 $-1,200,081
2020 $24,779,644 $12,009,575 $140,098,941 $12,770,069
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