Education Foundation Inc Of Caldwell County
- Assets
- $6.0m
- Revenue
- $406.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Lenoir, NC
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 56-1659608
Organization Overview
Education Foundation Inc Of Caldwell County is located in Lenoir, NC. The organization was established in 1989. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Education Foundation Inc Of Caldwell County employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation Inc Of Caldwell County 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, Education Foundation Inc Of Caldwell County generated $406.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $477.1k 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
STUDENT & TEACHER SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS,SCHOLARSHIPS,ALLOCATIONS:ABC TEACHER AWARDS GRANTS,SCHOLARSHIPS,ALLOCATIONS:APPLES FOR TEACHERS GRANTS,SCHOLARSHIPS,ALLOCATIONS:ASSOCIATE OF THE YEAR GRANTS,SCHOLARSHIPS,ALLOCATIONS:B. DEVERICK SCHOLARSHIP GRANTS,SCHOLARSHIPS,ALLOCATIONS:BATTLE OF THE BOOKS GRANTS,SCHOLARSHIPS,ALLOCATIONS:BERNHARDT CREATIVE BEGINNINGS GRANTS,SCHOLARSHIPS,ALLOCATIONS:CALDWELL LITTLE READ GRANTS,SCHOLARSHIPS,ALLOCATIONS:CAREER CENTER HOUSE FUNDS:CAREER CENTER HOUSE #7 GRANTS,SCHOLARSHIPS,ALLOCATIONS:CAREER CENTER HOUSE FUNDS:CAREER CENTER LOAN EXPENSE GRANTS,SCHOLARSHIPS,ALLOCATIONS:CAREER CENTER HOUSE FUNDS:OTHER GRANTS,SCHOLARSHIPS,ALLOCATIONS:COMMUNITY EDUCATION GRANTS GRANTS,SCHOLARSHIPS,ALLOCATIONS:COWART FAMILY SCHOLARSHIP GRANTS,SCHOLARSHIPS,ALLOCATIONS:FIRST ROBOTICS GRANTS,SCHOLARSHIPS,ALLOCATIONS:FOUNDATION OTHER GRANTS,SCHOLARSHIPS,ALLOCATIONS:GREEN COMMISSION SCHOLARSHIP GRANTS,SCHOLARSHIPS,ALLOCATIONS:JACK ROBBINS SCHOLARSHIP GRANTS,SCHOLARSHIPS,ALLOCATIONS:MARVIN COURTNEY SCHOLARSHIP GRANTS,SCHOLARSHIPS,ALLOCATIONS:MOLLIE GRACE DALTON GRANTS,SCHOLARSHIPS,ALLOCATIONS:OCS BUS BUSINESS:FUEL EXPENSE GRANTS,SCHOLARSHIPS,ALLOCATIONS:OTHER GRANTS,SCHOLARSHIPS,ALLOCATIONS:SAFE KIDS:BIKE SAFETY GRANTS,SCHOLARSHIPS,ALLOCATIONS:SAFE KIDS:CHILD SEAT SAFETY GRANTS,SCHOLARSHIPS,ALLOCATIONS:SAFE KIDS:OTHER GRANTS,SCHOLARSHIPS,ALLOCATIONS:SAFETY FAIR GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:BATON GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:COLLETTSVILLE GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:DAVENPORT A+ GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:DUDLEY SHOALS ELEM. GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:EARLY COLLEGE GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:GAMEWELL ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:GAMEWELL MIDDLE GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:GRANITE FALLS ELEMTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:GRANITE FALLS MIDDLE GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:HAPPY VALLEY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:HIBRITEN HIGH GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:HORIZONS ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:HUDSON ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:HUDSON MIDDLE GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:KINGS CREEK GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:LOWER CREEK ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:SAWMILLS ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:SOUTH CALDWELL HIGH GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:VALMEAD ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:WEST CALDWELL HIGH GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:WEST LENOIR ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:WHITNEL ELEMENTARY GRANTS,SCHOLARSHIPS,ALLOCATIONS:STUDENT ACTIVITY SCHOLARSHIP FD:WILLIAM LENOIR MIDDLE GRANTS,SCHOLARSHIPS,ALLOCATIONS:TEACHERS SUPPLEMENTAL FUND GRANTS,SCHOLARSHIPS,ALLOCATIONS:TOM MCNEEL SCHOLARSHIP GRANTS,SCHOLARSHIPS,ALLOCATIONS:VOLUNTEER OF THE YEAR:EDUCATOR OF THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Irwin VP Admin | OfficerTrustee | 2 | $0 |
Mark Farmer Vp, Finance | OfficerTrustee | 2 | $0 |
Mrs Terri Garrou Vp, Grants/scholarships | OfficerTrustee | 2 | $0 |
Chase Keller Vp, Operations | OfficerTrustee | 2 | $0 |
Pat Pritchard Vp, Programs | OfficerTrustee | 2 | $0 |
Mark Transou President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,321 |
| Noncash contributions included in lines 1a–1f | $9,265 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,841 |
| Total Program Service Revenue | $0 |
| Investment income | $235,886 |
| 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 | $406,727 |
| 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. | $118,704 |
| Compensation of current officers, directors, key employees. | $59,352 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,893 |
| 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 | $3,981 |
| Information technology | $1,951 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,441 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,668 |
| Insurance | $15,096 |
| All other expenses | $270,503 |
| Total functional expenses | $477,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,700 |
| Savings and temporary cash investments | $4,737,855 |
| 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 | $0 |
| Net Land, buildings, and equipment | $805,549 |
| Investments—publicly traded securities | $191,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,950,118 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,646,040 |
| Net assets with donor restrictions | $4,304,078 |
| 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 | $5,950,118 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Education Foundation Inc Of Caldwell County has recieved totaling $25,849.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $23,349 |
La-Z-Boy Foundation Monroe, MI PURPOSE: EDUCATION-LIBRARIES | $2,500 |
Endowment Analysis
| Beg. Balance | $2,076,913 |
| Ending Balance | $2,076,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Metro Atlanta Collaborative Inc Atlanta, GA | $93,266,962 | $86,228,529 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
University System Of Georgia Foundation Inc Atlanta, GA | $572,651,205 | $27,479,908 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Atlanta Neighborhood Charter School Inc Atlanta, GA | $8,677,734 | $16,201,042 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |