North Carolina School For The Deaf At Morganton Foundation Inc
- Assets
- $2.4m
- Revenue
- $354.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 58-1995092
Organization Overview
North Carolina School For The Deaf At Morganton Foundation Inc is located in Morganton, NC. The organization was established in 1992. 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. North Carolina School For The Deaf At Morganton 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, North Carolina School For The Deaf At Morganton Foundation Inc generated $354.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $299.1k 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
TO SERVE AS A NONPROFIT ORGANIZATION OPERATED FOR THE CHARITABLE AND EDUCATIONAL PURPOSES FOR THE DEAF
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURE AND DISTRIBUTE CONTRIBUTIONS FOR THE BENEFIT OF THE STUDENTS OF THE NORTH CAROLINA SCHOOL FOR THE DEAF AND PROVIDE FUNDS THAT ENRICH THE QUALITY OF EDUCATIONAL PROGRAMS AT NORTH CAROLINA SCHOOL FOR THE DEAF.
TO SERVE AS A CONDUIT FOR SECURING AND DISTRIBUTING FUNDS FOR THE BUILDING AND LEASE OF THE SENIOR DEAF AND BLIND COMMUNITY, LLC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickie White Vice Preside | OfficerTrustee | $0 | |
Dotty Kirksey President | OfficerTrustee | 5 | $0 |
Jennifer Wright Treasurer | OfficerTrustee | 5 | $0 |
Ashley Ambrose Secretary | OfficerTrustee | 5 | $0 |
Linda B Lindsey Director | Trustee | $0 | |
Barbara Palmento Director | Trustee | $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 | $115,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,606 |
| Total Program Service Revenue | $220,569 |
| Investment income | $3,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $879 |
| Net Income from Fundraising Events | $13,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,372 |
| 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 | $21,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,562 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $12,513 |
| Office expenses | $2,083 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,208 |
| Travel | $10,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $600 |
| Interest | $51,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,463 |
| Insurance | $12,361 |
| All other expenses | $918 |
| Total functional expenses | $299,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $233,095 |
| 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 | $2,053,167 |
| Investments—publicly traded securities | $126,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,823 |
| Total assets | $2,423,902 |
| Accounts payable and accrued expenses | $685 |
| 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 | $1,032,547 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,010 |
| Total liabilities | $1,051,242 |
| Net assets without donor restrictions | $1,261,522 |
| Net assets with donor restrictions | $111,138 |
| 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 | $2,423,902 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina School For The Deaf At Morganton Foundation Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Grace Episcopal Church Foundation Morganton, NC PURPOSE: RESIDENTIALHOUSING | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |