Watauga Education Foundation Inc
- Assets
- $49.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 02/1990
- Data as of
- 06/2021
- EIN
- 58-1863113
Organization Overview
Watauga Education Foundation Inc is located in Boone, NC. The organization was established in 1990. 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. Watauga 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 06/2021, Watauga Education Foundation Inc generated $42.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $35.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
GRANTS WERE AWARDED TO VARIOUS SPECIAL PROJECTS WITHIN THE WATAUGA COUNTY SCHOOL SYSTEM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Carlson Board Member | 1 | $0 | |
Kerstin Groover Board Member | 1 | $0 | |
Peaches Hash Board Member | 1 | $0 | |
Cassandra Steffen Board Member | 1 | $0 | |
Kim Reese Board Member | 1 | $0 | |
Angela Allen Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,740 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $270 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,340 |
| Other Revenue | $0 |
| Total Revenue | $42,350 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,068 |
| Total expenses | $35,829 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,176 |
| Other assets | $0 |
| Total assets | $49,249 |
| Total liabilities | $1,512 |
| Net assets or fund balances | $47,737 |
Grants Awarded
Over the last fiscal year, Watauga Education Foundation Inc has awarded $50,917 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA COMMUNITY FOUNDATION PURPOSE: GENERAL | $30,000 |
WATAUGA COUNTY SCHOOLS PURPOSE: SUPPORT SCHOOL | $20,917 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watauga Education Foundation Inc has recieved totaling $29,690.
| Awarding Organization | Amount |
|---|---|
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $29,690 |
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 |