Chatham Education Foundation
- Assets
- $315.5k
- Revenue
- $251.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Pittsboro, NC
- Founding
- 01/1993
- Data as of
- 08/2023
- EIN
- 56-1796990
Organization Overview
Chatham Education Foundation is located in Pittsboro, NC. The organization was established in 1993. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Chatham Education Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chatham Education 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 08/2023, Chatham Education Foundation generated $251.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $276.3k during the year ending 08/2023. 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
THE MISSION OF THE CHATHAM EDUCATION FOUNDATION (CEF) IS TO ENGAGE OUR COMMMUNITY AS PUBLIC SCHOOL ADVOCATES AND TO RAISE FUNDS AND RESOURCES TO SUPPORT INNOVATION AND EDUCATION EXCELLENCE IN THE CHATHAM COUNTY SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHATHAM EDUCATION FOUNDATION DONATED NEW HIGH INTEREST BOOKS TO STUDENTS LIVING IN LOW-INCOME COMMUNITIES AS WELL AS DONATED GENTLY USED BOOKS TO OUR COMMUNITY. CHATHAM EDUCATION FOUNDATION FUNDED 17 CREATIVE TEACHING GRANTS TOTALING OVER $12.000 TO PUT INNOVATIVE, ENGAGING RESOURCES INTO CLASSROOMS THROUGHOUT CHATHAM COUNTY. CHATHAM EDUCATION FOUNDATION FUNDED $40,000 TO AVID:PROVEN ACHIEVEMENT LIFELONG ADVANTAGE PROGRAM TO CHATHAM COUNTY SHCOOLS. CHATHAM EDUCATION FOUNDATION CONTINUES TO LEAD A COUNTYWIDE COLLABORATIVE DEDICATED TO INCREASING THE NUMBER OF THIRD-GRADERS WHO ARE READING PROFICIENTLY.
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 |
|---|---|---|---|
Jaime Detzi Executive Director | Officer | 28 | $48,410 |
Candi Mckay Board Member | Trustee | 2 | $0 |
Sarah Mccormack Board Member | Trustee | 2 | $0 |
John Jett Board Member | Trustee | 2 | $0 |
Selina Lopez Board Member | Trustee | 2 | $0 |
Kathie Russell Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,852 |
| Membership dues | $0 |
| Fundraising events | $127,768 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,787 |
| Total Program Service Revenue | $0 |
| Investment income | $327 |
| 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 | $251,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,616 |
| 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. | $48,410 |
| Compensation of current officers, directors, key employees. | $8,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,385 |
| 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 | $9,375 |
| Advertising and promotion | $7,052 |
| Office expenses | $1,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $675 |
| 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 | $270 |
| Insurance | $3,380 |
| All other expenses | $2,059 |
| Total functional expenses | $276,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,498 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $58,723 |
| 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 | $878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,389 |
| Total assets | $315,488 |
| 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 | $185,582 |
| Net assets with donor restrictions | $129,906 |
| 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 | $315,488 |