North Carolina Business Leaders For Education
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Cary, NC
- Founding
- 12/2013
- Data as of
- 03/2024
- 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 03/2024, Best NC employed 5 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 03/2024, Best NC generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $880.1k during the year ending 03/2024. While expenses have increased by 0.2% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
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 & FIGURES GUIDE AND ACCOMPANYING EDUCATION DATA SETS (WWW.NCEDFACTS.ORG). WE ALSO RESEARCH, PREPARE, AND PUBLISH BRIEFS ON RELEVANT RESEARCH, PROGRAMS, AND POLICIES THAT CAN ELEVATE EDUCATION PRACTICES IN NORTH CAROLINA. 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. MOTIVATED BY OUR BELIEF IN THE IMPORTANCE OF SYSTEMS CHANGE, BEST NC HAS CONVENED REGULAR CONVERSATIONS AROUND ELEVATING EDUCATORS FOR STUDENT SUCCESS, SETTING HIGH STANDARDS AND MEANINGFUL ACCOUNTABILITY, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann S Nelson Director | Trustee | 1 | $0 |
David Neil Director | Trustee | 1 | $0 |
Jennifer Martineau Director | Trustee | 1 | $0 |
Bob Barnhill Director | Trustee | 1 | $0 |
J Walter Mcdowell III Chairman | OfficerTrustee | 8 | $0 |
Sara Spencer Director | Trustee | 1 | $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 | $1,175,294 |
| Noncash contributions included in lines 1a–1f | $34,294 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,175,294 |
| Total Program Service Revenue | $0 |
| Investment income | $29,368 |
| 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 | $1,204,662 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,588 |
| Payroll taxes | $37,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,440 |
| Fees for services: Lobbying | $65,000 |
| Fees for services: Fundraising | $60,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,695 |
| Office expenses | $11,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,294 |
| Travel | $17,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,439 |
| All other expenses | $7,906 |
| Total functional expenses | $880,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,597,960 |
| 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 | $1,597,960 |
| Accounts payable and accrued expenses | $2,308 |
| 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 | $1,439 |
| Total liabilities | $3,747 |
| Net assets without donor restrictions | $1,354,559 |
| Net assets with donor restrictions | $239,654 |
| 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 | $1,597,960 |