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Aj Fletcher Foundation
Aj Fletcher Foundation reported $12.1 million in revenue and $10.3 million in expenses for calendar year 2024. Of every $100 it spent, $90.43 went to program services, $9.57 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 100.4% of the total. The highest compensation it reported for one person was $262,483 (V.P/ EXEC. DIR./ASST SECRE). 2 people received more than $100,000 in reportable compensation. Revenue fell 67% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $10MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MOther revenue was negative: −$50,578. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.4% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.6% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $262,483 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.55% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 2 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 324.9 | 56.6 |
| Independent voting board members Part VI 1a–1b | 4 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe a.j. Fletcher Foundation is a supporting organization for the fletcher academy school of achievement, inc., serving north carolina as an independent, co-educational day school with over 200 students in grades 1-12 with learning disabilities and/or attention deficit disorders. The academy helps these special students master basic academic and social skills while instilling in them a positive sense of their own responsibility for learning. The school is accredited by the southern association of independent schools and the southern association of colleges and schools
In keeping with its mission of supporting charitable organizations with certain purposes located in north carolina or serving north carolina residents, the a.j. Fletcher Foundation made grants totaling $6,158,250 to charitable organizations involved in the support of the elderly, infirm or indigent, in education, in artistic endeavors, in communication arts, in public recreation, and in fostering religious faith. See also schedule I, for a detailed list of all grants paid in 2024
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| V.P/ EXEC. DIR./ASST SECRE Officer, 40.00 hrs/week | $219,205 | $0 | $43,278 | $262,483 |
| DIRECTOR OF ENGAGMENT Highest compensated employee, 40.00 hrs/week | $111,019 | $0 | $11,102 | $122,121 |
2 people received more than $100,000 in reportable compensation from Aj Fletcher Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $262K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 55
Correct a figure or respond
Every number above is copied from Aj Fletcher Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Aj Fletcher Foundation, you can publish a response that is linked from this page.
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Of every $100 Aj Fletcher Foundation spent in 2024, $90.43 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Aj Fletcher Foundation's spending goes to programs?
In calendar year 2024, Aj Fletcher Foundation reported that 90.4% of its $10.3 million in expenses went to program services, 9.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Aj Fletcher Foundation pay its top executive?
The largest total compensation Aj Fletcher Foundation reported for one person in calendar year 2024 was $262,483, for the role of V.P/ EXEC. DIR./ASST SECRE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Aj Fletcher Foundation get its money?
Of $12.1 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Aj Fletcher Foundation a registered charity?
The IRS lists EIN 23-7423031 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533179349305773 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202412889349302001 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333139349302603 · read the filing
- 2021: Form 990 for calendar year 2021, object 202300449349300400 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143169349301004 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349310550 · read the filing
All filings for EIN 23-7423031: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.