Nonprofit · EIN 46-2898190
SIGMAS OF CHARLOTTE FOUNDATION
Tax-exempt (reinstated) · CHARLOTTE, NC 28227
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $40,500 | $40,500 | $0 | $25,000 | – | $25,000 |
| December 31, 2023 | 990-EZ | $50,000 | $50,000 | $0 | $20,000 | – | $20,000 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,000
- Other revenue
- $35,500
Expenses
- Compensation of officers, directors and key employees
- $0
- Occupancy
- $39,676
- Printing, publications and postage
- $824
Balance sheet and other
- Total assets, start of year
- $25,000
- Total assets, end of year
- $25,000
- Total liabilities, end of year
- –
- Net assets, end of year
- $25,000
- Cash, savings and investments
- $5,000
- Gross receipts
- $40,500
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Reaves | ED & Chairman of Board | 20 | $0 |
| Sayeed Ullah | Investment Director | 10 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Reaves | ED & Chairman of Board | 20 | $0 |
| Sayeed Ullah | Investment Director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 8625 CROWN CRESCENT CT STE 110, CHARLOTTE, NC 28227-6794
- In care of
- % JOHN REAVES
- Mailing address (990-N for 2025)
- 8625 CROWN CRESCENT CT STE 110, CHARLOTTE NC 282276794
- Principal officer (990-N for 2025)
- John Reaves, 8625 Crown Crescent Court, Charlotte NC 28277
- Signed the 990-EZ
- John Reaves, ED Chairman of Board
Mission
The Sigmas of Charlotte Foundation is a federally recognized 501c 3 organization promoting excellence in the Charlotte community by unlocking the potential of men of color and disadvantaged citizens through social economic and educational development.
Program accomplishments
- 1. Health and Wellness Program Services Provided: Partnering with local organizations to design health education programs and seminars. Organizing physical fitness opportunities and activities. Providing mental health support and resources. Offering conflict resolution strategies to promote healthy outcomes in challenging situations. Number of Persons Benefited: Over 500 Black men and people of color participated in health education seminars and workshops in the last year. Approximately 300 individuals have engaged in fitness programs. Mental health support initiatives reached around 200 people providing them with access to counseling and support groups. Other Relevant Information: This program aims to address the health disparities affecting Black men and people of color in the Charlotte community. Through collaborative efforts with healthcare professionals and community leaders the program has seen significant improvements in health literacy and physical activity levels among pa
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 46-2898190
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B83)
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- August 16, 2017
- Reinstated
- Effective May 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: John Reaves | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $40,500 | $40,500 | $25,000 | XML |
| 990-N for 2023 Officer: John Reaves | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $50,000 | $50,000 | $20,000 | XML |
| 990-N for 2022 Officer: John Reaves | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2898190).
Questions about SIGMAS OF CHARLOTTE FOUNDATION
- What is the EIN of SIGMAS OF CHARLOTTE FOUNDATION?
- The employer identification number (EIN) of SIGMAS OF CHARLOTTE FOUNDATION is 46-2898190.
- Is SIGMAS OF CHARLOTTE FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to SIGMAS OF CHARLOTTE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SIGMAS OF CHARLOTTE FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SIGMAS OF CHARLOTTE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SIGMAS OF CHARLOTTE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of SIGMAS OF CHARLOTTE FOUNDATION?
- The 990-N for 2025 names John Reaves.
- Who are the officers and directors of SIGMAS OF CHARLOTTE FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does SIGMAS OF CHARLOTTE FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $40,500, expenses of $40,500 and total assets of $25,000 at year end.
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