North Carolina Association Of Educators Inc
- Assets
- $37.5m
- Revenue
- $38.8m
- Investments
- $0.0
- Employees
- 53
- Location
- Raleigh, NC
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 56-0948289
Organization Overview
North Carolina Association Of Educators Inc is located in Raleigh, NC. The organization was established in 1988. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, North Carolina Association Of Educators Inc employed 53 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. North Carolina Association Of Educators Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, North Carolina Association Of Educators Inc generated $38.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 60.6% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 8.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE VOICE OF EDUCATORS IN NORTH CAROLINA THAT UNITES, ORGANIZES, AND EMPOWERS MEMBERS TO BE ADVOCATES FOR EDUCATIONAL PROFESSIONALS,PUBLIC EDUCATION AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED EDUCATION PROFESSIONALS LOCATED THROUGHOUT THE STATE OF NC TO ADVANCE INTEREST OF EDUCATORS AND PROMOTE CAUSE OF EDUCATION IN STATE. HELD WORKSHOPS, CONFERENCES, ETC.
TO KEEP MEMBERS INFORMED AND TO GENERATE NEW IDEAS AND INNOVATIONS. THE ASSOCIATION SUPPORTS THREE REGIONAL OFFICES LOCATED THROUGHOUT THE STATE TO ASSIST EDUCATORS AND SERVE AS A LINK BETWEEN LOCAL UNITS AND THE STATE OFFICE.
THE ASSOCIATION PROVIDES LEGAL ASSISTANCE FOR MEMBERS INVOLVED IN EDUCATION RELATED LAWSUITS AND LOBBIES THE NORTH CAROLINA GENERAL ASSEMBLY TO PASS LEGISLATION THAT ENHANCE THE LIVES, CONDITIONS, AND DEVELOPMENT OF NORTH CAROLINA STUDENTS,TEACHERS,AND OTHER EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shana Peele Director | Trustee | 0.5 | $0 |
Eyanna Lessane Director | Trustee | 0.5 | $0 |
Justin Parmenter Director | Trustee | 0.5 | $0 |
Michelle Jordan Director | Trustee | 0.5 | $0 |
Cherie Feemster Director | Trustee | 0.5 | $0 |
April Lee Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,602,800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,292,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,895,024 |
| Total Program Service Revenue | $0 |
| Investment income | $21,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$48,986 |
| Net Gain/Loss on Asset Sales | $32,935,196 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,819,599 |
| 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. | $839,141 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,257,221 |
| Pension plan accruals and contributions | $689,795 |
| Other employee benefits | $652,122 |
| Payroll taxes | $257,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,951 |
| Fees for services: Accounting | $141,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $590,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $373,316 |
| Travel | $163,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,175 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,983,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,069,104 |
| Savings and temporary cash investments | $243,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $930,814 |
| 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 | $225,163 |
| Net Land, buildings, and equipment | $17,622 |
| Investments—publicly traded securities | $33,054,573 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,823 |
| Total assets | $37,548,115 |
| Accounts payable and accrued expenses | $1,628,355 |
| Grants payable | $0 |
| Deferred revenue | $39,419 |
| 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 | $1,667,774 |
| Net assets without donor restrictions | $34,808,736 |
| Net assets with donor restrictions | $1,071,605 |
| 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 | $37,548,115 |