Cape Fear Tutoring Inc
- Assets
- $2.5m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Wilmington, NC
- Founding
- 09/1985
- Data as of
- 09/2023
- EIN
- 56-1388019
Organization Overview
Cape Fear Tutoring Inc is located in Wilmington, NC. The organization was established in 1985. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Cape Fear Tutoring Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Fear Tutoring 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 09/2023, Cape Fear Tutoring Inc generated $18.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $18.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NON-PROFIT ORGANIZATION PROVIDING TUTORING SERVICES TO CHILDREN AND ADULTS, AND SPONSORING DAYCARE HOMES AND CENTERS IN THE USDA'S CHILD AND ADULT CARE FOOD PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAY CARE HOMES AND CENTERS WERE ABLE TO PARTICIPATE IN THE CHILD AND ADULT FOOD PROGRAM UNDER OUR SPONSORSHIP. ALSO CHILDREN AND ADULTS RECEIVED ONE - ON - ONE TUTORING AND EDUCATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindwood A Bird President | OfficerTrustee | 4 | $0 |
Cheryl Lachowicz Secretary | OfficerTrustee | 4 | $0 |
Michael Stoiko MD Director | Trustee | 4 | $0 |
Adam Jones Director | Trustee | 4 | $0 |
Leslie Antos Director | Trustee | 4 | $0 |
Kathy Dikeman CEO | Officer | 40 | $175,651 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,524,020 |
| 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 | $2,524,020 |
| Total Program Service Revenue | $15,657,377 |
| 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 | $18,181,397 |
| 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. | $427,424 |
| Compensation of current officers, directors, key employees. | $243,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,194,763 |
| Pension plan accruals and contributions | $200,000 |
| Other employee benefits | $208,159 |
| Payroll taxes | $125,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $23,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,762 |
| Travel | $17,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,382 |
| Insurance | $7,172 |
| All other expenses | $0 |
| Total functional expenses | $18,168,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,784,228 |
| 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 | $10,145 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $135,466 |
| Total assets | $2,526,803 |
| Accounts payable and accrued expenses | $1,692,039 |
| 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 | $337,180 |
| Total liabilities | $2,029,219 |
| Net assets without donor restrictions | $497,584 |
| 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 | $2,526,803 |