East Wake Education Foundation
- Assets
- $321.8k
- Revenue
- $190.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Wendell, NC
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 56-1825860
Organization Overview
East Wake Education Foundation is located in Wendell, NC. The organization was established in 1994. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2022, East Wake Education Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Wake 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 06/2022, East Wake Education Foundation generated $190.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $175.3k during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN FROM BIRTH THROUGH AGE FIVE THE OPPORTUNITY TO ARRIVE AT SCHOOL AGE HEALTHY AND READY TO LEARN AT NO COST TO THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FREE PRESCHOOL AND EDUCATIONAL OUTREACH SERVICES AND PROGRAMS TO CHILDREN FROM BIRTH THROUGH AGE FIVE AND THEIR PARENTS AND CAREGIVERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon White Executive Di | Officer | 40 | $46,433 |
Mark Swan President | OfficerTrustee | 1.5 | $0 |
Lesia Mckenzie Vice Preside | OfficerTrustee | 1.5 | $0 |
Dan Thorpe Treasurer | OfficerTrustee | 1.5 | $0 |
Sam Gray Director | Trustee | 1 | $0 |
Ginna Gray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,765 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,209 |
| 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. | $46,433 |
| Compensation of current officers, directors, key employees. | $9,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,872 |
| Pension plan accruals and contributions | $2,213 |
| Other employee benefits | $0 |
| Payroll taxes | $7,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,783 |
| Advertising and promotion | $1,587 |
| Office expenses | $5,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,639 |
| Travel | $1,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,932 |
| Insurance | $2,621 |
| All other expenses | $68 |
| Total functional expenses | $175,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,581 |
| 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 | $0 |
| Net Land, buildings, and equipment | $173,734 |
| Investments—publicly traded securities | $41,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,756 |
| Accounts payable and accrued expenses | $2,485 |
| 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 | $2,485 |
| Net assets without donor restrictions | $319,271 |
| Net assets with donor restrictions | $0 |
| 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 | $321,756 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that East Wake Education Foundation has recieved totaling $145,719.
| Awarding Organization | Amount |
|---|---|
John Rex Endowment Raleigh, NC PURPOSE: CAPACITY BUILDING | $80,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $25,000 |
John Rex Endowment Raleigh, NC PURPOSE: F.A.C.E.S (FAMILY AND CHILD ENRICHMENT CENTER) | $22,138 |
Childtrust Foundation Raleigh, NC PURPOSE: ADVOCATE FOR AREA SCHOOLS IN EASTERN WAKE COUNTY. | $15,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $3,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $81 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monarch Albemarle, NC | $37,536,351 | $92,387,705 |
Lutheran Family Services Of Virginia Inc Roanoke, VA | $21,862,417 | $39,175,791 |
Lutheran Family Services In The Carolinas Inc Salisbury, NC | $8,144,497 | $24,137,672 |
Jewish Family & Career Services Inc Atlanta, GA | $12,287,389 | $17,564,180 |
Clayton County Community Services Authority Inc Forest Park, GA | $3,675,143 | $13,405,367 |
Family Resource Agency Inc Cleveland, TN | $1,737,951 | $12,329,517 |
Agape Child And Family Services Inc Memphis, TN | $4,822,758 | $10,716,983 |
Family Service Of The Piedmont Inc Jamestown, NC | $2,937,225 | $9,785,018 |
Murphy-Harpst Childrens Centers Inc Cedartown, GA | $8,054,234 | $10,353,326 |
Family And Childrens Service Nashville, TN | $12,864,767 | $8,385,396 |
Safe Alliance Inc Charlotte, NC | $10,001,861 | $8,368,823 |
Families First Inc Atlanta, GA | $16,902,074 | $9,104,630 |