Wilkes Education Foundation Inc

Organization Overview

Wilkes Education Foundation Inc is located in North Wilkesboro, NC. The organization was established in 1986. 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. Wilkes 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 12/2023, Wilkes Education Foundation Inc generated $118.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $176.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Wilkes Education Foundation Inc has awarded 16 individual grants totaling $309,614. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST EDUCATIONAL FUNCTIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED GRANTS TO SCHOOLS IN WILKES COUNTY, NC FOR VARIOUS PROGRAMS IN NEED OF SUPPLIES AND MATERIALS.


THE ORGANIZATION PROVIDED SCHOLARSHIPS TO LOCAL STUDENTS TO FURTHER THEIR EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
James Motsinger
President
$0
Jackie Mallory
Vice Preside
$0
Loretta Shumate
Secretary
$0
Jody Hamby
Treasurer
$0
Bill Myers
Asst. Treasu
$0
Gordon Burns
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$33,141
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,458
Noncash contributions included in lines 1a–1f $1,008
Total Revenue from Contributions, Gifts, Grants & Similar$44,599
Total Program Service Revenue$0
Investment income $37,969
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $37,147
Net Income from Fundraising Events -$4,392
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $118,900

Grants Awarded

Over the last fiscal year, Wilkes Education Foundation Inc has awarded $51,965 in support to 2 organizations.

Grant RecipientAmount

WILKES COUNTY SCHOOLS

PURPOSE: EDUCATION

$43,965

WILKES COMMUNITY COLLEGE FOUNDATION

PURPOSE: SCHOLARSHIPS

$8,000
View Grant Profile

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