Chatham Education Foundation
- Assets
- $219.4k
- Revenue
- $247.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Pittsboro, NC
- Founding
- 01/1993
- Data as of
- 08/2021
- 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 08/2021, 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 08/2021, Chatham Education Foundation generated $247.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $194.8k during the year ending 08/2021. While expenses have increased by 11.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
THE CHATHAM EDUCATION FOUNDATION AWARDS CLASSROOM GRANTS, TEACHER PROFESSIONAL DEVELOPMENT SCHOLARSHIPS, STUDENT SCHOLARSHIPS, BOOKS TO STUDENTS IN NEED, AND FINANCIALLY SUPPORTS CHATHAM COUNTY SCHOOLS DISTRICT IDENTIFIED PROGRAMS THAT MEET THE NEEDS OF OUR STUDENTS TO INCREASE GROWTH, ACHIEVEMENT AND EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHATHAM EDUCATION FOUNDATION AWARDED 18 CREATIVE TEACHING GRANTS TO CHATHAM COUNTY CLASSROOMS, PURCHASED BOOKS FOR OUR LOCAL BOOKMOBILE, PURCHASED SOFTWARE TO HELP RISING 9TH GRADERS WHO WERE NOT MATH PROFICIENT, LED A COUNTYWIDE COLLABORATIVE DEDICATED TO 3RD GRADE LITERACY PROFICIENCY, ADVOCATED FOR FULLY FUNDED PUBLIC SCHOOLS AND DONATED OVER 14,000 BOOKS TO STUDENTS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Detzi Executive Dir. | Officer | 20 | $42,000 |
Courtney Cabe Treasurer | OfficerTrustee | 2 | $0 |
Mary Kolek Chairman | OfficerTrustee | 2 | $0 |
Sarah Whitney Secretary | OfficerTrustee | 2 | $0 |
Gina Bacheler Board Member | Trustee | 2 | $0 |
Karen Barbee Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,895 |
| Membership dues | $0 |
| Fundraising events | $52,826 |
| Related organizations | $0 |
| Government grants | $16,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,578 |
| Total Program Service Revenue | $0 |
| Investment income | $552 |
| 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 | $247,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,914 |
| 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. | $42,000 |
| Compensation of current officers, directors, key employees. | $7,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,018 |
| 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 | $8,850 |
| Advertising and promotion | $2,061 |
| Office expenses | $975 |
| 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 | $0 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286 |
| Insurance | $2,545 |
| All other expenses | $1,328 |
| Total functional expenses | $194,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,150 |
| 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 | $145 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,506 |
| Total assets | $219,404 |
| 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 | $120,517 |
| Net assets with donor restrictions | $98,887 |
| 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 | $219,404 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Chatham Education Foundation has recieved totaling $62,004.
| Awarding Organization | Amount |
|---|---|
The Oak Foundation Usa New York City, NY PURPOSE: TO LAUNCH CHATHAM COUNTY KINDERGARTEN READINESS CAMP SO THAT LOW-INCOME STUDENTS IN NORTH CAROLINA, THE UNITED STATES CAN GAIN ADDITIONAL SKILLS TO HELP CLOSE THE ACHIEVEMENT GAP BEFORE ATTENDING PUBLIC SCHOOL. CHATHAM EDUCATION FOUNDATION SEEKS TO OPEN DOORS TO EDUCATIONAL AND PERSONAL GROWTH FOR ALL STUDENTS IN CHATHAM COUNTY SCHOOLS IN NORTH CAROLINA. | $26,208 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $15,800 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $10,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
Huisking Foundation Inc Pittsboro, NC PURPOSE: EDU OPPORTUNITIES FOR STUDENTS | $4,400 |
Silverback Foundation Inc Chapel Hill, NC PURPOSE: EDUCATION ADVANCEMENT | $500 |
Endowment Analysis
| Beg. Balance | $11,850 |
| Earnings | -$426 |
| Admin Expense | $300 |
| Net Contributions | $150 |
| Grants | $600 |
| Ending Balance | $10,674 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |