Thomas Jefferson Community Education Foundation Inc

Organization Overview

Thomas Jefferson Community Education Foundation Inc is located in Rutherfordton, NC. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Jefferson Community Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Thomas Jefferson Community Education Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION OWNS REAL ESTATE THAT IS LEASED TO THOMAS JEFFERSON CLASSICAL ACADEMY AND THE FOUNDATION ALSO RAISES FUNDS TO HELP SUPPORT THE SCHOOL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PURCHASED THE HIGH SCHOOL AND GRAMMAR SCHOOL CAMPUSES TO HOUSE THE OPERATIONS OF THOMAS JEFFERSON CLASSICAL ACADEMY, INC. THE FACILITIES ARE LEASED TO THE SCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Karin Cook
Chair
$0
Andy Francis
Director
$0
Sally Harbin
Director
$0
Paul Foley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$41,098
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$41,098
Total Program Service Revenue$1,112,637
Investment income $178
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $10,662
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,173,760

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