Professional Engineers Of North Carolina-Educational Foundation
- Assets
- $769.9k
- Revenue
- $278.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 06/1985
- Data as of
- 06/2022
- EIN
- 56-1437097
Organization Overview
Professional Engineers Of North Carolina-Educational Foundation is located in Raleigh, NC. The organization was established in 1985. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Engineers Of North Carolina-Educational Foundation 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 06/2022, Professional Engineers Of North Carolina-Educational Foundation generated $278.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $59.6k during the year ending 06/2022. 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 PROMOTE THE ENGINEERING PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE STATE MATHCOUNTS CONTESTS TO ENCOURAGE JOUNIOR HIGH SCHOOL STUDENTS TO PURSUE ENGINEERING AND OTHER MATH RELATED CAREERS.
TO PROVIDE SCHOLARSHIPS TO ASPIRING HIGH SCHOOL AND COLLEGE STUDENTS WHO WITH TO PURSUE ENGINEERING DEGREES
TO PROVIDE SUPPORT FOR STATEWIDE AND CHAPTER EDUCATIONAL ACTIVITIES IN FUTURE CITY,ENGINEERS WEEK, STEM HIGH SCHOOLS, STEM TEACHER CONTUINING EDUCATION, AND OTHER RELATED ACTIVITES.
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 |
|---|---|---|---|
Carl Bonner President | OfficerTrustee | 1 | $0 |
Todd Rouse Treasurer | OfficerTrustee | 1 | $0 |
Jon Dorofi Secretary | OfficerTrustee | 1 | $0 |
Tommy Sherard Director | Trustee | 0.5 | $0 |
Grant Livengood Director | Trustee | 0.5 | $0 |
Jonathan Ham Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,558 |
| Total Program Service Revenue | $9,470 |
| Investment income | $26,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,400 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,121 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,851 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $459 |
| Information technology | $585 |
| Royalties | $0 |
| Occupancy | $1,030 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,452 |
| All other expenses | $385 |
| Total functional expenses | $59,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,616 |
| 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 | $443 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $537,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $769,875 |
| Accounts payable and accrued expenses | $117 |
| 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 | $0 |
| Total liabilities | $117 |
| Net assets without donor restrictions | $347,862 |
| Net assets with donor restrictions | $421,896 |
| 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 | $769,875 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Professional Engineers Of North Carolina-Educational Foundation has recieved totaling $5,420.
| Awarding Organization | Amount |
|---|---|
Mathcounts Foundation Alexandria, VA PURPOSE: State Registration Fee Reimbursements | $5,320 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $100 |
Endowment Analysis
| Beg. Balance | $210,678 |
| Earnings | -$82,203 |
| Admin Expense | $5,518 |
| Net Contributions | $1,000 |
| Other Expense | -$156,897 |
| Grants | $6,800 |
| Ending Balance | $274,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mathcounts Foundation Alexandria, VA | $6,563,497 | $3,956,274 |
The Alice Aycock Poe Center For Health Education Raleigh, NC | $3,180,130 | $3,315,126 |
Midlands Technical College Foundation Inc Columbia, SC | $15,711,907 | $2,395,413 |
Kids Advocacy Coalition Inc Tifton, GA | $832,983 | $743,380 |
Professional Engineers Of North Carolina-Educational Foundation Raleigh, NC | $769,875 | $278,326 |