Pitt County Educational Foundation Inc
- Assets
- $1.2m
- Revenue
- $262.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 56-1540991
Organization Overview
Pitt County Educational Foundation Inc is located in Greenville, NC. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Pitt 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 12/2021, Pitt County Educational Foundation Inc generated $262.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $173.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORMING OUR COMMUNITY THROUGH EXCELLENCE IN PITT COUNTY PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PITT COUNTY EDUCATIONAL FOUNDATION, INC. AWARDS NUMEROUS SCHOLARSHIPS TO STUDENTS OF PITT COUNTY SCHOOLS EACH YEAR TO ASSIST WITH HIGHER EDUCATIONAL ENDEAVORS. THE FOUNDATION ALSO PROVIDES VARIOUS AWARDS FOR STUDENT RECOGNITIONS. IN ADDITION, THE FOUNDATION SUPPORTS DIFFERENT PROGRAMS OF PITT COUNTY SCHOOLS WHICH BENEFIT AND ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENTS OF PITT COUNTY SCHOOLS.
PITT COUNTY EDUCATIONAL FOUNDATION, INC. PROVIDES FOR THE ADVANCEMENT OF TEACHER/EDUCATOR INITIATIVES THROUGH INTERACTION WITH LOCAL BUSINESSES, MINI-GRANT FUNDING, TRAINING, AWARDS AND RECOGNITIONS, ETC.
THE FOUNDATION ASSISTS OTHER AGENCIES/ORGANIZATIONS WHICH ARE ESTABLISHED TO ENHANCE THE QUALITY OF EDUCATION PROVIDED BY PITT COUNTY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Kulikowski Chairman | OfficerTrustee | 1.5 | $0 |
Van Smith Vice-Chairma | OfficerTrustee | 1 | $0 |
Debra Baggett Treasurer | Officer | 1 | $0 |
Elizabeth N Ulffers Exec Directo | Officer | 30 | $0 |
Ethan Lenker Director | Trustee | 0.5 | $0 |
Patricia Clark Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,982 |
| Related organizations | $21,202 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,532 |
| Noncash contributions included in lines 1a–1f | $22,735 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,716 |
| Total Program Service Revenue | $1,400 |
| Investment income | $438 |
| 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 | $262,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,629 |
| Grants and other assistance to domestic individuals. | $88,378 |
| 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 | $0 |
| Fees for services: Legal | $425 |
| Fees for services: Accounting | $11,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,889 |
| Office expenses | $95 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,555 |
| Total functional expenses | $173,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,238 |
| Savings and temporary cash investments | $1,176,003 |
| 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 | $5,350 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,194,591 |
| Accounts payable and accrued expenses | $86,142 |
| 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 | $86,142 |
| Net assets without donor restrictions | $30,254 |
| Net assets with donor restrictions | $1,078,195 |
| 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 | $1,194,591 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Pitt County Educational Foundation Inc has recieved totaling $92,830.
| Awarding Organization | Amount |
|---|---|
Tuw Mamie R Perkins Char Primary Raleigh, NC PURPOSE: 501C3 PURPOSES | $34,912 |
Mrcharity Inc Greenville, NC PURPOSE: EDUCATIONAL ASSISTANCE | $30,320 |
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $20,500 |
Community Foundation Of Nc East Inc Greenville, NC PURPOSE: General Support | $7,028 |
Pfizer Foundation Inc New York, NY PURPOSE: ANNUAL GIVING CAMPAIGN | $70 |
Endowment Analysis
| Beg. Balance | $528,357 |
| Earnings | $336 |
| Admin Expense | $3,470 |
| Other Expense | $4,096 |
| Ending Balance | $521,127 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |