Western North Carolina Regional Education Foundation
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Asheville, NC
- Founding
- 09/2009
- Data as of
- 06/2022
- EIN
- 26-2885036
Organization Overview
Western North Carolina Regional Education Foundation is located in Asheville, NC. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Western North Carolina Regional Education Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western North Carolina Regional Education Foundation 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, Western North Carolina Regional Education Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 37.8% 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.
Since 2021, Western North Carolina Regional Education Foundation has awarded 21 individual grants totaling $350,623. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TOGETHER FOR THE CHILDREN OF WESTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
THE STEM TECH CONFERENCE, WRESA PROFESSIONAL DEVELOPMENT, SMART TANK AND PD ASSISTED IN INCREASING THE SCIENCE, TECHNOLOGY, ENGINEERING, MATH AND ENTREPRENEURIAL APPLICATIONS WITHIN THE SCHOOLS FROM KINDERGARTEN THROUGH TWELFTH GRADE. THE PROFESSIONAL DEVELOPMENT INCLUDED ENTREPRENEURSHIP LESSON INFUSION AND STEM CLASS/LESSON ENHANCEMENT/ENRICHMENT. ADDITIONALLY, THESE FUNDS PROVIDED COST RECOVERY OF THE BOOKKEEPING, RECORD KEEPING, EVALUATION, COORDINATION AND REPORTING BY WRESA FOR THE GRANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Webster Executive Dir. | OfficerTrustee | 40 | $102,917 |
Sonna Lyda Chairman | OfficerTrustee | 3.1 | $0 |
Susanne Swanger Vice President | OfficerTrustee | 0.1 | $0 |
Beverly Payne Secretary | OfficerTrustee | 0.1 | $0 |
Aaron Greene Treasurer | OfficerTrustee | 0.1 | $0 |
Dale Carpenter Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $478,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $613,973 |
| Total Program Service Revenue | $934,329 |
| Investment income | $108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,548,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,242 |
| Grants and other assistance to domestic individuals. | $49,930 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,917 |
| Compensation of current officers, directors, key employees. | $25,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,268 |
| Pension plan accruals and contributions | $5,839 |
| Other employee benefits | $2,385 |
| Payroll taxes | $30,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $494,534 |
| Advertising and promotion | $0 |
| Office expenses | $31,336 |
| Information technology | $18,723 |
| Royalties | $0 |
| Occupancy | $81,283 |
| Travel | $6,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,912 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,058 |
| All other expenses | $939 |
| Total functional expenses | $1,337,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,185,854 |
| Savings and temporary cash investments | $91,712 |
| Pledges and grants receivable | $60,000 |
| Accounts receivable, net | $215,220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $150 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,552,936 |
| Accounts payable and accrued expenses | $9,088 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,088 |
| Net assets without donor restrictions | $1,259,348 |
| Net assets with donor restrictions | $284,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,552,936 |
Grants Awarded
Over the last fiscal year, Western North Carolina Regional Education Foundation has awarded $112,242 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS UNDER 5000 | | | $37,637 |
MACON COUNTY SCHOOLS PURPOSE: Educational Support | $22,061 |
JACKSON COUNTY SCHOOLS PURPOSE: Educational Support | $11,576 |
GRAHAM COUNTY SCHOOLS PURPOSE: Educational Support | $9,555 |
Cherokee, NC PURPOSE: Educational Support | $8,655 |
CHEROKEE COUNTY SCHOOLS PURPOSE: Educational Support | $8,482 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western North Carolina Regional Education Foundation has recieved totaling $95,300.
| Awarding Organization | Amount |
|---|---|
Wnc Bridge Foundation Asheville, NC PURPOSE: IMPACT GRANT | $95,300 |