Hertford County Educational Foundation Inc
- Assets
- $2.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 66
- Location
- Ahoskie, NC
- Founding
- 04/1970
- Data as of
- 06/2021
- EIN
- 56-0953943
Organization Overview
Hertford County Educational Foundation Inc is located in Ahoskie, NC. The organization was established in 1970. 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 06/2021, Hertford County Educational Foundation Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hertford County Educational Foundation 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, Hertford County Educational Foundation Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SCHOOL IS TO DEVELOP THE TOTAL STUDENT ACADEMICALLY, SOCIALLY, PHYSICALLY, AESTETICALLY AND MORALLY. THIS IS ACHEIVED BY PROVIDING A CHALLENGING CURRICULUM, COMMUNITY SERVICE, ATHLETICS PROGRAM, AND FINE ARTS PROGRAM. THE EMPHASIS IN TEACHING IS ON THE PILLARS OF CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROCEEDS ARE FOR THE PURPOSE OF OPERATING AN ACCREDITED PRIMARY SCHOOL FOR GRADES PRE - K - 12. THERE ARE APPROXIMATELY 270 STUDENTS BEING SERVED.
ALL PROCEEDS ARE FOR THE PURPOSE OF OPERATING AN ACCREDITED PRIMARY SCHOOL FOR GRADES PRE-K - 12. APPROXIMATELY 270 STUDENTS ARE SERVED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Boyd Chairman | Officer | $0 | |
Brent Pierce Vice Chair | Officer | $0 | |
Cyndi Chamblee Treasurer | Officer | $0 | |
John P Revelle Jr Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,954 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,954 |
| Total Program Service Revenue | $1,691,135 |
| Investment income | $19,820 |
| 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 | $2,106,941 |
| 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 | $1,375,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,207 |
| Payroll taxes | $104,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,524 |
| Fees for services: Other | $256,137 |
| Advertising and promotion | $7,411 |
| Office expenses | $3,179 |
| Information technology | $42,142 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,965 |
| All other expenses | $106,160 |
| Total functional expenses | $1,962,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,736 |
| Savings and temporary cash investments | $348,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,277 |
| 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 | $820,633 |
| Investments—publicly traded securities | $1,140,539 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,900 |
| Total assets | $2,393,394 |
| Accounts payable and accrued expenses | $29,734 |
| Grants payable | $0 |
| Deferred revenue | $72,743 |
| 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 | $70,000 |
| Other liabilities | $0 |
| Total liabilities | $172,477 |
| Net assets without donor restrictions | $2,220,917 |
| Net assets with donor restrictions | $0 |
| 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 | $2,393,394 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hertford County Educational Foundation Inc has recieved totaling $43,200.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $42,710 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $490 |