Cabarrus County Education Foundation Inc
- Assets
- $132.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NC
- Founding
- 12/2001
- Data as of
- 06/2022
- EIN
- 56-2226529
Organization Overview
Cabarrus County Education Foundation Inc is located in Concord, NC. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabarrus County Education 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 06/2022, Cabarrus County Education Foundation Inc generated $108.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $120.4k during the year ending 06/2022. While expenses have increased by 6.8% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merl Hamilton Board Chair | 1 | $0 | |
Grace Mynatt Emeritus Fou | 1 | $0 | |
Jeanette Trexler Secretary | 1 | $0 | |
Otis Gillette Treasurer | 1 | $0 | |
Michael Burgner Vice Chair | 1 | $0 | |
Sara Heiser Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,851 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $218 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,747 |
| Other Revenue | $0 |
| Total Revenue | $108,816 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,768 |
| Professional fees and other payments to independent contractors | $30,636 |
| Occupancy, rent, utilities, and maintenance | $854 |
| Printing, publications, postage, and shipping | $202 |
| Other expenses | $35,953 |
| Total expenses | $120,361 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $119,364 |
| Other assets | $0 |
| Total assets | $132,109 |
| Total liabilities | $60,807 |
| Net assets or fund balances | $71,302 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Cabarrus County Education Foundation Inc has recieved totaling $718.
| Awarding Organization | Amount |
|---|---|
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $60 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of Greater Atlanta Inc Atlanta, GA | $335,156,066 | $46,977,032 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |
United Way Of Greater Richmond Richmond, VA | $16,886,120 | $22,666,995 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
United Way Of The Piedmont Inc Spartanburg, SC | $4,093,923 | $15,798,807 |
Bluecross Blueshield Of South Carolina Foundation Columbia, SC | $340,633,924 | $51,086,800 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
United Way Of Forsyth County Inc Winstonsalem, NC | $7,740,159 | $13,512,937 |