DO GREATER FOUNDATION INC

EIN: 823722201 501(c)(3) Youth Development

CHARLOTTE, NC

Total Revenue
$1,444,483
Total Expenses
$1,015,736
Total Assets
$1,958,254
Net Assets
$1,955,935
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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
2017
Legal Domicile
NC
Principal Officer
WILLIAM R MCNEELY JR
Phone
7049755615
Tax Period
2024-01-01 to 2024-12-31

DO GREATER FOUNDATION INC, founded in 2017, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $429K, a strong 30% operating margin.

Mission

Do Greater Charlotte is a non-profit empowering communities to do greater by providing tools and technology, spaces and community for youth in underserved communities to build their creative confidence and turn their ideas into future opportunities. We do it through a platform that facilitates creative collisions with youth and the creative community by providing training in design, entrepreneurship and creative technology.

Program Service Accomplishments

Program 1
Expenses: $628,126

Do Greater Charlotte is committed to empowering youth and young adults by providing immersive training in innovation, entrepreneurship, and creative trades. In 2022, we launched the Do Greater...

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Do Greater Charlotte is committed to empowering youth and young adults by providing immersive training in innovation, entrepreneurship, and creative trades. In 2022, we launched the Do Greater Charlotte Creative Lab, an 8,000 square foot innovation and training hub located in Charlotte?s historic West Side. This space serves as a dynamic engine for upward mobility, intentionally designed to provide access to the tools, mentors, and real-world experiences often missing in under-resourced communities. Since opening the Lab, we have served over 1200 youth and 5000 creative entrepreneurs and adults through our in-house programs, workshops, cohort-based trainings, and open lab experiences. Our programs are tailored to support individuals ages 13 to 24 as they develop the skills, confidence, and creative capacity to thrive in the digital economy. The Creative Lab functions as a multi-purpose learning and innovation center, offering: 1-Entrepreneurship training through our Start Upward Programs. 2-Digital creative and technical skills development in media production, marketing, design, and technology 3-Workforce development support including career readiness and job placement pipelines 4-Small business support services for underestimated and early-stage entrepreneurs We continue to grow our impact through partnerships with local schools, nonprofit organizations, and industry leaders to ensure that Charlotte?s next generation of creators and entrepreneurs can access the opportunity, mentorship, and economic connections they need to do greater.

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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 $1,199,340
Program Service Revenue $243,143
Investment Income $0
Other Revenue $2,000
TOTAL REVENUE $1,444,483

Expense Breakdown

Grants Paid $0
Salaries & Benefits $395,746
Fundraising Expenses $46,259
Program Expenses $628,126
Other Expenses $619,990
TOTAL EXPENSES $1,015,736

Year-over-Year Comparison

2024 2023 Change
Revenue $1,444,483 $875,780 +0.6%
Expenses $1,015,736 $545,944 +0.9%
Net Income $428,747 $329,836 +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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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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
8
Volunteers
55

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
3
$60,000
Total Directors
10
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM R MCNEELY JR CEO 40.00
Officer Director
$60,000 $0 $60,000
DEALVA WILSON Director 1.00
Director
$0 $0 $0
CLIFF MCNEELY Director 1.00
Director
$0 $0 $0
GARRETT TICHY Director 1.00
Director
$0 $0 $0
BRYAN STRUGIES Director 1.00
Director
$0 $0 $0
SIVILAY XAYASAENE Director 1.00
Director
$0 $0 $0
DAVID BUTLER Director 1.00
Director
$0 $0 $0
Bruce Bellamy Chairman 1.00
Officer Director
$0 $0 $0
Julia Jackson Vice President 1.00
Officer Director
$0 $0 $0
Kory Jeter Director 1.00
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
2024 $1,444,483 $1,015,736 $1,958,254 $428,747
2023 $875,780 $545,944 $1,527,245 $329,836
2022 $654,165 $259,865 $1,197,353 $394,300
2021 $781,077 $60,899 $803,053 $720,178
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