Wake Education Partnership is located in Raleigh, NC. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Wake Education Partnership employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wake Education Partnership 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, Wake Education Partnership generated $589.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $849.4k 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
INDEPENDENT NONPROFIT DEDICATED TO MAKING WORLD CLASS SCHOOLS POSSIBLE IN WAKE COUNTY THROUGH BUSINESS AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS - WAKEED PARTNERSHIP WORKS CLOSELY WITH THE SCHOOL DISTRICT, BUSINESS PARTNERS, AND COMMUNITY LEADERS TO HELP COORDINATE EFFORTS AND PROVIDE RESOURCES TO IMPROVE EARLY LITERACY SKILLS. THE ORGANIZATION HELPS TEACHERS EXPAND THEIR HORIZONS AND BE BETTER EQUIPPED TO PREPARE STUDENTS FOR CAREERS OF TOMORROW. WITHOUT OUR PROGRAMS, A HUGE GAP IN PROFESSIONAL DEVELOPMENT WOULD EXIST IN WAKE COUNTY.WAKEED'S SUMMERSTEM AND LINK PROGRAM TACKLES THAT NEED BY EXPANDING TEACHERS' KNOWLEDGE AND EXPERIENCE WITH SKILLS AND CAREERS IN HIGH DEMAND IN OUR REGION TODAY. EACH SUMMER OUR BUSINESS PARTNERS HOST TEACHERS IN CAREER IMMERSION EXPERIENCES IN LEADING COMPANIES THROUGHOUT THE TRIANGLE, PROFESSIONAL DEVELOPMENT THAT IS CEU CERTIFIED BY WAKE COUNTY PUBLIC SCHOOLS. THEN DURING THE SCHOOL YEAR TEACHERS CREATE PROJECT-BASED LEARNING (PBL) UNITS TO IMPLEMENT THEIR EXPERIENCES IN THE CLASSROOM, CONNECTING STUDENTS WITH THE KNOWLEDGE AND SKILLS THAT ARE NECESSARY TO SUCCEED IN STEM CAREERS AND SHARE THEM WITH OTHER TEACHERS ACROSS THE SYSTEM.OUR COMPANION LINK PROGRAM PAIRS INDIVIDUAL SCHOOLS AND BUSINESSES TO BRING INNOVATIVE IDEAS TO THE CLASSROOM. PARTNERS IDENTIFY, DESIGN, AND IMPLEMENT A YEAR-LONG PROJECT THAT ALIGNS WITH THE SCHOOL'S GOALS AND THE BUSINESS' EXPERTISE, CONNECTING BUSINESS AND COMMUNITY RESOURCES WITH THE SCHOOLS AND CREATING OPPORTUNITIES FOR STUDENTS TO RECEIVE A REAL-WORLD EDUCATIONAL EXPERIENCE.IN THE LAST 3 YEARS:* 5,980 STUDENTS DIRECTLY IMPACTED BY SUMMERSTEM TEACHERS; AND THROUGH EXPANDED PBL UNIT APPLICATIONS* 12,980 STUDENTS IMPACTED INDIRECTLY THROUGH OBSERVATION OF PBL OUTCOMES* 350 EDUCATORS PRESENTED PBL AND/OR PROJECT FROM SUMMERSTEM PARTICIPANTS
GRANTS - GRANTS RECOGNIZE, HONOR AND AWARD FUNDING THAT INCENTIVIZES INNOVATIVE CLASSROOM INSTRUCTION AND COLLABORATION AMONG AND ACROSS SUBJECT AREAS AND GRADE LEVELS. THESE GRANTS PROVIDE A FOUNDATION FOR ESTABLISHING BEST EDUCATIONAL PRACTICES THAT CAN BE REPLICATED SYSTEMICALLY IN WAKE COUNTY. ACADEMIC IMPROVEMENT IS BASED ON AND MEASURED AGAINST SMART GOALS GENERATED BY THE INDIVIDUAL TEACHER OR PROFESSIONAL LEARNING TEAM FOR EACH GRANT.
RESEARCH & ADVOCACY - WAKEED WORKS TO INFLUENCE AND CHAMPION COMMUNITY DISCUSSION AND ACTIONS BY ELECTED LEADERS REGARDING CRITICAL EDUCATION POLICY ISSUES. THIS INCLUDES EMPHASIZING THE ECONOMIC IMPACT OF AN EXCELLENT PUBLIC SCHOOL SYSTEM. WAKEED WORKED WITH MEMBERS OF THE WAKE COUNTY LEGISLATIVE DELEGATION AND COMMUNITY PARTNERS TO ADVOCATE FOR INCREASES IN TEACHER AND ADMINISTRATOR COMPENSATION, FUNDING FOR A TEACHER CAREER PATHWAY PROGRAM, FLEXIBILITY IN IMPLEMENTING THE NEW K-3 CLASS-SIZE MANDATES, AND FUNDING FOR PROGRAM ENHANCEMENT TEACHERS. WAKEED WORKED WITH THE WAKE COUNTY BOARD OF COMMISSIONERS TO RESOLVE BUDGETARY GAPS IN THEIR RECOMMENDED SCHOOL FUNDING VERSUS THE PROPOSED BUDGET SUBMITTED BY THE BOARD OF EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Duda Director | Trustee | 2 | $0 |
Gary Greene Director | Trustee | 2 | $0 |
Sharon D Gupton Director | Trustee | 2 | $0 |
Marion Robinson Director | Trustee | 2 | $0 |
Walter Tippett Director | Trustee | 2 | $0 |
John Hummel Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $93,561 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $779,421 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $872,982 |
Total Program Service Revenue | $0 |
Investment income | $155,897 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$462,071 |
Net Income from Fundraising Events | -$51,926 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $589,411 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $175,791 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $137,546 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $94,077 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $59,482 |
Payroll taxes | $0 |
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 | $15,580 |
Fees for services: Other | $67,379 |
Advertising and promotion | $0 |
Office expenses | $6,617 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $67,146 |
Travel | $1,720 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,320 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,023 |
Insurance | $3,577 |
All other expenses | $0 |
Total functional expenses | $849,415 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $128,742 |
Savings and temporary cash investments | $300,687 |
Pledges and grants receivable | $87,850 |
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 | $7,414 |
Prepaid expenses and deferred charges | $12,396 |
Net Land, buildings, and equipment | $7,230 |
Investments—publicly traded securities | $2,624,099 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $109,303 |
Total assets | $3,277,721 |
Accounts payable and accrued expenses | $208,143 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $23,052 |
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 | $30,000 |
Total liabilities | $261,195 |
Net assets without donor restrictions | $49,856 |
Net assets with donor restrictions | $2,966,670 |
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 | $3,277,721 |