Glow Nc Inc
- Assets
- $15.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Wilmington, NC
- Founding
- 09/2016
- Data as of
- 06/2021
- EIN
- 47-3629354
Organization Overview
Glow Nc Inc is located in Wilmington, NC. The organization was established in 2016. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glow NC 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 06/2021, Glow NC Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS AND DEVELOPING PROGRAMS IN SUPPORT OF THE TRANSPORTATION, FACILITY, FOOD SERVICES, ENRICHMENT AND COLLEGE PREPAREDNESS OF PUBLIC CHARTER SCHOOLS WITHIN NORTH CAROLINA AND AFFILIATED WITH THE YONG WOMEN'S LEADERSHIP NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF, AND FUNDRAISING FOR, THE SCHOOL SUPPORT AND ENRICHMENT PROGRAMS THAT ARE ESSENTIAL TO STUDENT AND SCHOOL SUCCESS. THESE PROGRAMS INCLUDE COLLEGE COUNSELING, PROFESSIONAL DEVELOPMENT FOR FACULTY, MENTORING, ATHLETICS, THE ARTS, TRANSPORTATION, FOOD SERVICE AND FACILITIES MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Spiers Chair | OfficerTrustee | 1 | $0 |
Joanne Rockness Treasurer | OfficerTrustee | 1 | $0 |
Deloris Rhodes Secretary | OfficerTrustee | 1 | $0 |
Teresa Huffmon Vice Chair | OfficerTrustee | 1 | $0 |
Judy Girard Director | Trustee | 1 | $0 |
Margee Herring Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $370,927 |
| Related organizations | $51,852 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,319,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,772,211 |
| Total Program Service Revenue | $77,000 |
| Investment income | $65,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,462 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,069,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| 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 | $92,914 |
| Pension plan accruals and contributions | $1,957 |
| Other employee benefits | $0 |
| Payroll taxes | $2,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,134 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43 |
| Office expenses | $7,301 |
| Information technology | $4,300 |
| Royalties | $0 |
| Occupancy | $5,403 |
| Travel | $912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,277 |
| Insurance | $6,624 |
| All other expenses | $982 |
| Total functional expenses | $1,013,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,658,266 |
| Savings and temporary cash investments | $3,209,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,443 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,622,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $338,179 |
| Investments—publicly traded securities | $2,025,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,024,712 |
| Total assets | $15,878,873 |
| Accounts payable and accrued expenses | $24,745 |
| Grants payable | $0 |
| Deferred revenue | $33,250 |
| 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 | $57,995 |
| Net assets without donor restrictions | $15,620,878 |
| Net assets with donor restrictions | $200,000 |
| 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 | $15,878,873 |
Grants Awarded
Over the last fiscal year, Glow Nc Inc has awarded $993,125 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wilmington, NC PURPOSE: SUPPORT | $886,564 |
Wilmington, NC PURPOSE: FUND SCHOOL PROGRAM | $106,561 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Glow Nc Inc has recieved totaling $1,386,426.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $1,128,820 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $175,000 |
Bruce Barclay Cameron Foundation Inc Wilmington, NC PURPOSE: Education-Underpriviledged Girls | $50,000 |
Gregg And Freddy Goldenberg Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |