Duplin County Education Foundation
- Assets
- $1.5m
- Revenue
- $215.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Kenansville, NC
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 58-1586278
Organization Overview
Duplin County Education Foundation is located in Kenansville, NC. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duplin County 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 12/2021, Duplin County Education Foundation generated $215.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $64.5k during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO PLAN TO PURSUE POST SECONDARY STUDIES. AWARDS RANGE FROM SINGLE ONE-TIME PAYMENTS OF $250 UP TO 4 YR SCHOLARSHIPS FOR $1,250 PER YEAR FOR 4 YEARS.
RECOGNITION AND AWARDS ARE PROVIDED TO STUDENTS WHO DEMONSTRATE ACADEMIC EXCELLENCE AND TEACHERS AND PRINCIPALS WHO DEMONSTRATE EXCELLENT LEADERSHIP AND INSTRUCTIONAL EFFORTS. RECOGNITION/AWARDS INCLUDE BANQUET OR RECEPTION, TROPHIES, PLAQUES AND CERTIFICATES OF ACHIEVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elana Blizzard Board Member | Officer | 0 | $0 |
Brad Lee Board Member | Officer | 0 | $0 |
Elizabeth Barger Board Member | Officer | 0 | $0 |
Dawn Smith Ex-Officio Student Support Services | Officer | 1 | $0 |
Keli Wilson Board Member | Officer | 0 | $0 |
Heather Lanier Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,060 |
| Total Program Service Revenue | $0 |
| Investment income | $62,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,687 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $64,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,450 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,341,834 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,468,284 |
| 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 | $1,468,284 |
| 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 | $1,468,284 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Duplin County Education Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Thomas S Kenan Iii Foundation Inc Chapel Hill, NC PURPOSE: OPERATIONS | $2,000 |
Southern Bank Foundation Mount Olive, NC PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Scago Educational Facilities Corporation For Pickens School Dis Easley, SC | $211,994,412 | $9,218,813 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Securing Assets For Education Moncks Corner, SC | $221,693,651 | $7,774,514 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |