Skip to content

North Carolina · Nonprofit

AJ FLETCHER FOUNDATION

AJ FLETCHER FOUNDATION (North Carolina) receives grants from 1 organization whose IRS filings report $50,000 to it, the largest being APPALACHIAN REGIONAL HEALTHCARE FOUNDATION INC ($50,000). 1 of them have funded it in more than one year.

Revenue FY2024
$12M
Funders on record
1
Grants received
$50k
Net assets
$279M
1/1 repeat funders
01What it does

What Aj Fletcher Foundation does

Mission

See schedule othe a.j. Fletcher foundation operates for the exclusive benefit of the fletcher academy, school of achievement, inc. And in furtherance of a purpose of the fletcher academy, a designated class of other charitable organizations. Through its grants, the foundation supports the fletcher academy and other public charities located in north carolina or serving north carolina residents that have as one of their purposes the care or support of the elderly, infirm or indigent, the promotion of education, artistic endeavors, communication arts, or public recreation or the fostering of religious faith.

As stated on its FY2024 Form 990.

Programs

  1. The 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.

    $2,675,000 spentof which $2,675,000 as grants
    29% of program spending
  2. 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.

    $6,646,622 spentof which $6,158,250 as grants
    71% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $9,321,622.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 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 = 20192019 Revenue 100 ($37M) Expenses 100 ($13M) Net assets 100 ($146M)2020 Revenue 214 ($78M) Expenses 168 ($22M) Net assets 106 ($155M)2021 Revenue 147 ($54M) Expenses 124 ($16M) Net assets 115 ($169M)2022 Revenue 282 ($103M) Expenses 62 ($8.0M) Net assets 165 ($240M)2023 Revenue 17 ($6.1M) Expenses 62 ($8.1M) Net assets 181 ($264M)2024 Revenue 33 ($12M) Expenses 79 ($10M) Net assets 191 ($279M)
201920202021202220232024
Revenue (33)Expenses (79)Net assets (191)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $169M to $240M (+42%).

$146M
$155M
$169M
$240M
$264M
$279M
201920202021202220232024
Total assetsTotal liabilities

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.

2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

0% of AJ FLETCHER FOUNDATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (80% for the typical peer).

This organization
Typical peer · 863 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 6 reported years ran a deficit.

$23M
’19
$56M
’20
$37M
’21
$95M
’22
−$2.0M
’23
$1.8M
’24
20
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

James F Goodmon

Chairman of the board

As listed on its FY2024 Form 990.

201920202021202220232024
Listed7779910
Joined·+0+0+2+0+1
No longer listed·00000
03Who funds it

Who funds it, year by year

2017 → 2018: the base held at 1 funder, grant income fell $50k → $0.

Funder
'17
'18
total
funders
1
1

From the IRS filings of AJ FLETCHER FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of AJ FLETCHER FOUNDATION's grant income comes from North Carolina funders.

NC

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

AJ FLETCHER FOUNDATION holds deeper cash reserves than three-quarters of the 828 philanthropy nonprofits its size.

Operating margin15% · below the median
Months of reserve19.8mo · top quartile
Revenue growth (annualized)−20% · bottom quartile

this organization peer median middle 50% of peers· 828 philanthropy nonprofits $10M–$100M, FY2024

Organizations like AJ FLETCHER FOUNDATION

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

05Profile & 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

7
board members
57%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 4 related entities

  • Camp Collaborative LLC · disregarded
  • Briggs Building Restoration LLC · disregarded
  • The Fletcher Academy · exempt
  • Capitol Holding Company Inc · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for AJ FLETCHER FOUNDATION: 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 AJ FLETCHER FOUNDATION?
AJ FLETCHER FOUNDATION (North Carolina) receives grants from 1 organization whose IRS filings report $50,000 to it, the largest being APPALACHIAN REGIONAL HEALTHCARE FOUNDATION INC ($50,000). 1 of them have funded it in more than one year.
How many funders does AJ FLETCHER FOUNDATION have?
IRS filings report 1 organization giving $50,000 in grants to AJ FLETCHER FOUNDATION, 1 of which have funded it in more than one year.
Who is the largest funder of AJ FLETCHER FOUNDATION?
APPALACHIAN REGIONAL HEALTHCARE FOUNDATION INC is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
How can an organization like AJ FLETCHER FOUNDATION 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 2019–2024), 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. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing