North Carolina Business Leaders For Education
- Assets
- $1.2m
- Revenue
- $899.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Cary, NC
- Founding
- 12/2013
- Data as of
- 03/2022
- EIN
- 46-2988453
Organization Overview
North Carolina Business Leaders For Education, operating under the name Best Nc, is located in Cary, NC. The organization was established in 2013. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 03/2022, Best NC employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best NC 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 03/2022, Best NC generated $899.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $929.7k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DRAMATICALLY TRANSFORM AND IMPROVE EDUCATION IN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH/COMMUNICATIONS: MOTIVATED BY BEST PRACTICES AND SOLID RESEARCH, BEST NC BELIEVES THAT CURATING AND SHARING DATA AND INFORMATION BROADLY WITH EDUCATION STAKEHOLDERS WILL LEAD TO BETTER CONVERSATIONS AND IDEAS. OUR PRIMARY COMMUNICATION RESOURCE IS THE NC EDUCATION FACTS AND FIGURES GUIDE AND ACCOMPANYING EDUCATION DATA SETS (WWW.NCEDFACTS.ORG). WE SHARE THIS INFORMATION BOTH DIRECTLY WITH EDUCATION STAKEHOLDERS AND WIDELY THROUGH SOCIAL MEDIA.
STATE VISION/COLLABORATION: BEST NC BELIEVES THAT NORTH CAROLINA IS UNIQUELY POSITIONED TO LEAD THE NATION IN DEVELOPING AND IMPLEMENTING TRANSFORMATIVE EDUCATION STRATEGIES. WITH THAT GOAL IN MIND, WE REGULARLY CONVENE EDUCATION STAKEHOLDERS TO DEVELOP SPECIFIC, ACTIONABLE STRATEGIES TOWARD A SHARED EDUCATION VISION. MOTIVATED BY THE EXCELLENCE EDUCATION VISION (WWW.EXCELLENCENC.ORG) THAT WAS CREATED IN COLLABORATION WITH HUNDREDS OF STAKEHOLDERS, BEST NC HAS CONVENED REGULAR CONVERSATIONS AROUND ELEVATING EDUCATORS FOR STUDENT SUCCESS, SETTING HIGH STANDARDS AND MEANINGFUL ACCOUNTABILITY, AND CREATING CLEAR PATHWAYS FROM BIRTH TO 3RD GRADE READING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Berg Pres/ceo | OfficerTrustee | 40 | $276,972 |
Pat Riley Director | OfficerTrustee | 0.5 | $0 |
J Walter Mcdowell III Chair & Treas | OfficerTrustee | 0.5 | $0 |
Bob Barnhill Director | Trustee | 0.5 | $0 |
Zach Clayton Director | Trustee | 0.5 | $0 |
Arthur Pope Director | Trustee | 0.5 | $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 | $899,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,114 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $899,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,600 |
| Compensation of current officers, directors, key employees. | $10,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,118 |
| Pension plan accruals and contributions | $9,363 |
| Other employee benefits | $0 |
| Payroll taxes | $35,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $14,993 |
| Fees for services: Lobbying | $50,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,773 |
| Advertising and promotion | $8,625 |
| Office expenses | $8,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,655 |
| All other expenses | $1,163 |
| Total functional expenses | $929,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,247,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $1,247,428 |
| Accounts payable and accrued expenses | $826 |
| 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 | $826 |
| Net assets without donor restrictions | $1,236,602 |
| Net assets with donor restrictions | $10,000 |
| 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 | $1,247,428 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that North Carolina Business Leaders For Education has recieved totaling $372,724.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION; PUBLIC AWARENESS AND ANALYSIS | $106,891 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $57,000 |
Barnhill Family Foundation Wilmington, DE PURPOSE: BEST NC | $50,000 |
Belk Foundation Charlotte, NC PURPOSE: GENERAL OPERATING SUPPORT OF FOR BEST NC, A NONPROFIT, NON-PARTISAN COALITION OF BUSINESS LEADERS COMMITTED TO TRANSFORMING NORTH CAROLINA EDUCATION THROUGH STATE POLICY AND ADVOCACY | $35,000 |
John Wesley Hanes And Anna Hodgin Hanes Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $25,000 |
Childtrust Foundation Raleigh, NC PURPOSE: TO IMPORVE NORTH CAROLINA'S EDUCATION SYSTEM THROUGH POLICY AND ADVOCACY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
South Carolina Connections Academy Inc Columbia, SC | $14,632,201 | $47,709,935 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
South Carolina Learns Greenville, SC | $20,739,195 | $35,702,373 |
South Carolina Virtual Charter School West Columbia, SC | $14,646,057 | $37,851,009 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |