Skip to content

North Carolina · Nonprofit

2040 Foundation Inc

2040 Foundation Inc (North Carolina) receives grants from 1 organization whose IRS filings report $4,825,000 to it, the largest being CLEARPATH FOUNDATION INC ($4,825,000). 1 of them have funded it in more than one year.

Revenue FY2024
$805k
Funders on record
1
Grants received
$4.8M
Net assets
$91M
1/1 repeat funderspeak grant-dependency 20%
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($784k) Expenses 100 ($12M) Net assets 100 ($164M)2018 Revenue 685 ($5.4M) Expenses 112 ($14M) Net assets 87 ($143M)2019 Revenue -51 ($-396101) Expenses 118 ($14M) Net assets 94 ($154M)2020 Revenue 1702 ($13M) Expenses 182 ($22M) Net assets 89 ($146M)2021 Revenue 299 ($2.3M) Expenses 171 ($21M) Net assets 80 ($132M)2022 Revenue -54 ($-421090) Expenses 141 ($17M) Net assets 66 ($108M)2023 Revenue 50 ($393k) Expenses 135 ($17M) Net assets 61 ($100M)2024 Revenue 103 ($805k) Expenses 120 ($15M) Net assets 55 ($91M)
'17'18'19'20'21'22'23'24
Revenue (103)Expenses (120)Net assets (55)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

0% of 2040 Foundation Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (87% for the typical peer).

This organization
Typical peer · 7,816 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 8 of the last 8 reported years ran a deficit.

−$11M
’17
−$8.4M
’18
−$15M
’19
−$9.0M
’20
−$19M
’21
−$18M
’22
−$16M
’23
−$14M
’24
0.6
months of
reserve
02Who funds it

Who funds it, year by year

2018 → 2019: the base held at 1 funder, grant income rose $1.1M → $3.7M.

Funder
'18
'19
total
funders
1
1

From the IRS filings of 2040 Foundation Inc’s funders (the co-funder graph). Association, not causation.

Where its funders are

100% of 2040 Foundation Inc's grant income comes from North Carolina funders.

NC

In-state vs out-of-state, by year

’18
’19
North Carolina out of state home

Funder states come from each funder’s own filing.

03Its place in the field

Against its field

2040 Foundation Inc's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin−1725% · bottom quartile
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)0% · below the median

this organization peer median middle 50% of peers· 7,105 philanthropy nonprofits $100k–$1M, FY2024

Organizations like 2040 Foundation Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

90% of spending goes to programs.

Program 90%Management 10%Fundraising 0%

Governance

5
board members
60%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

NC

Part of a family of 6 related entities

  • Spark Holdings LLC · disregarded
  • Clearpath Inc · exempt
  • National Christian Charitable Foundation Inc · exempt
  • 1st Street Foundation Inc · exempt
  • Clearpath Action for Conservative Clean Energy Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for 2040 Foundation Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds 2040 Foundation Inc?
2040 Foundation Inc (North Carolina) receives grants from 1 organization whose IRS filings report $4,825,000 to it, the largest being CLEARPATH FOUNDATION INC ($4,825,000). 1 of them have funded it in more than one year.
How many funders does 2040 Foundation Inc have?
IRS filings report 1 organization giving $4,825,000 in grants to 2040 Foundation Inc, 1 of which have funded it in more than one year.
Who is the largest funder of 2040 Foundation Inc?
CLEARPATH FOUNDATION INC is the largest funder on record, with $4,825,000 in grants. The full list of funders is on this page.
How can an organization like 2040 Foundation Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. What this page cannot tell you · view filing