Pleasant Grove Foundation Inc
- Assets
- $99.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 80-0759915
Organization Overview
Pleasant Grove Foundation Inc is located in Cary, NC. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pleasant Grove 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, Pleasant Grove Foundation Inc generated $75.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $78.5k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES GUIDANCE AND OVERSIGHT IN ADDITION TO BEING THE FISCAL AGENT FOR THE DREAM ACADEMY (DA), WHICH HAS 110 REGISTERED STUDENTS. THE DA PROVIDES MONTHLY TRAINING SESSIONS, COLLEGE TOURS, AND TOURING TRIPS FOR 4TH THROUGH 12TH GRADE STUDENTS ALONG WITH ASSISTANCE FOR COLLEGE STUDENTS WHO ARE ALUMNI OF THE DA PROGRAM. IT HAS MAINTAINED FOR 6 YEARS A GREATER THAN 90% GRADUATION RATE AND COLLEGE PLACEMENT, AND IT HAS PRODUCED 2 MOREHEAD-CAIN SCHOLARS. THE PROGRAM ALSO CONDUCTS SUMMER ENRICHMENT AND STEM PROGRAMS FOR 60 STUDENTS AT CARY ACADEMY.
THE ORGANIZATION PROVIDES GUIDANCE AND OVERSIGHT IN ADDITION TO BEING THE FISCAL AGENT FOR THE DREAM ACADEMY (DA), WHICH HAS 110 REGISTERED STUDENTS. THE DA PROVIDES MONTHLY TRAINING SESSIONS, COLLEGE TOURS, AND TOURING TRIPS FOR 4TH THROUGH 12TH GRADE STUDENTS ALONG WITH ASSISTANCE FOR COLLEGE STUDENTS WHO ARE ALUMNI OF THE DA PROGRAM. IT HAS MAINTAINED FOR 6 YEARS A GREATER THAN 90% GRADUATION RATE AND COLLEGE PLACEMENT, AND IT HAS PRODUCED 2 MOREHEAD-CAIN SCHOLARS. THE PROGRAM ALSO CONDUCTS SUMMER ENRICHMENT AND STEM PROGRAMS FOR 60 STUDENTS AT CARY ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe J Johnson President | 30 | $0 | |
Dr Evelyn L Lewis Vice Preside | 3 | $0 | |
Charles Thompson Secretary | 5 | $0 | |
Howard Lem Treasurer | 5 | $0 | |
Valda Chauncey Board Member | 4 | $0 | |
Dr Rose Cornelious Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,238 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,117 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,355 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $6,970 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $46,890 |
| Occupancy, rent, utilities, and maintenance | $7,315 |
| Printing, publications, postage, and shipping | $230 |
| Other expenses | $17,074 |
| Total expenses | $78,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,409 |
| Other assets | $0 |
| Total assets | $99,036 |
| Total liabilities | $900 |
| Net assets or fund balances | $98,136 |