Form 990 for tax year 2024
Filed by LEE COUNTY EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $383,704
- Total expenses
- $156,834
- Contributions and grants received
- $254,159
- Grants paid
- $134,836
- Program service revenue
- $0
- Investment income
- $129,545
- Other revenue
- $0
- Total assets, end of year
- $1,782,322
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,782,322
- Program services expenses (Part IX)
- $134,836
- Management and general expenses
- $21,998
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $134,836
Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$254,159
-
3 · Investment income
total $38,660 · excluded $38,660
-
7a · Gross sales of assets other than inventory
securities $650,983
-
7b · Less cost or other basis and sales expenses
securities $560,098
-
7c · Gain or loss
securities $90,885
-
7d · Net gain or loss
total $90,885 · excluded $90,885
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $134,836 · program services $134,836
-
11a · Fees: management
total $4,500 · management and general $4,500
-
11c · Fees: accounting
total $69 · management and general $69
-
11f · Fees: investment management
total $12,172 · management and general $12,172
-
13 · Office expenses
total $424 · management and general $424
-
14 · Information technology
total $3,380 · management and general $3,380
-
23 · Insurance
total $1,143 · management and general $1,143
-
24a · Other expenses: FOREIGN TAXES
total $220 · management and general $220
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $90 · management and general $90
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $139,019 · end of year $324,193
-
3 · Pledges and grants receivable
beginning of year $5,612 · end of year $5,612
-
12 · Investments: other securities
beginning of year $1,373,930 · end of year $1,452,517
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,518,561 · end of year $1,782,322
Mission and programs · 2024
Mission
TO SUPPORT AND ENHANCE THE EDUCATION OF K THROUGH 12 STUDENTS IN LEE COUNTY NC PUBLIC SCHOOLS.
-
GRANT TO LEE COUNTY PUBLIC SCHOOLS FOR THE MCSWAIN TEAM TEACHING AWARDS. THE TOP TEN TEACHING TEAMS IN THE DISTRICT AT EACH LEVEL/SUBJECT THAT A NC EOG TEST IS GIVEN RECEIVES THE AWARD. OVER 40 TEACHERS RECEIVED MONETARY AWARDS FOR THEIR ROLE ON A WINNING TEAM FOR THE 2023-2024 SCHOOL YEAR.
Expenses $125,742 · Grants $125,742 · Revenue $50,000
-
THE TSLCTF, SLOAN SCHOLARS, IS AN ATTEMPT TO SUPPORT HOMEGROWN TEACHERS IN LEE COUNTY AND TO ADDRESS THE TEACHER SHORTAGES OUR COUNTY, ALONG WITH THE REST OF THE STATE, FACES. IT'S A SCHOLARSHIP, IN THE FORM OF A FORGIVABLE LOAN, AVAILABLE TO HIGH SCHOOL SENIORS WHO ATTEND LEE COUNTY SCHOOLS' HIGH SCHOOLS. THE LOAN WILL BE FORGIVEN AFTER THE CANDIDATES SUCCESSFULLY TEACH IN LCS FOR FOUR YEARS. THE APPLICATION INCLUDES SHORT ESSAY QUESTIONS AND AN IN-PERSON INTERVIEW. WINNERS RECEIVE $36,000 OVER A FOUR-YEAR PERIOD TO HELP WITH COLLEGE COSTS. WE CAN AWARD UP TO TWO WINNERS A YEAR.
Expenses $9,094 · Grants $9,094 · Revenue $9,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
George R Perkins JrGEORGE R PERKINS JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
W Kel NormannW KEL NORMANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dennis A WickerDENNIS A WICKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rob PattersonROB PATTERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charlie L WelbornCHARLIE L WELBORN
BOARD MEMBER/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
T Chester Mann IIIT CHESTER MANN III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kirk J BradleyKIRK J BRADLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Temple Sloan JrTEMPLE SLOAN JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William E Horner IIIWILLIAM E HORNER III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James C Kelly JrJAMES C KELLY JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan W KellerSUSAN W KELLER
BOARD MEMBER/CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Shay P BentonSHAY P BENTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa ChapmanLISA CHAPMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob JoyceBOB JOYCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank ProctorFRANK PROCTOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vicki O HaislipVICKI O HAISLIP
EXECUTIVE DIRECTOR
- Total calculated
- $4,500
- From this org
- $4,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
LEE COUNTY PUBLIC SCHOOLS
$125,000
THE PURPOSE OF THE GRANT TO LEE COUNTY SCHOOLS IS TO FUND OUR FLAGSHIP PROJECT, HEAD OF CLASS. IT IS GIVEN EACH YEAR TO THE ELEMENTARY SCHOOL SHOWING THE MOST GROWTH BASED ON A MATRIX THAT HAS BEEN APPROVED BY OUR BOARD. EACH STAFF MEMBER AT THE WINNING SCHOOL RECEIVES A MONETARY AWARD FROM THE GRANT.
-
THE PURPOSE OF THE GRANT TO CENTRAL CAROLINA COMMUNITY COLLEGE FOUNDATION IS TO SUPPORT HOMEGROWN TEACHERS IN LEE COUNTY AND TO ADDRESS THE TEACHER SHORTAGES OUR COUNTY, ALONG WITH THE REST OF THE STATE, FACES. IT'S A SCHOLARSHIP, IN THE FORM OF A FORGIVABLE LOAN, AVAILABLE TO HIGH SCHOOL SENIORS WHO ATTEND LEE COUNTY SCHOOLS' HIGH SCHOOLS. THE LOAN WILL BE FORGIVEN AFTER THE CANDIDATES SUCCESSFULLY TEACH IN LCS FOR FOUR-YEARS. WINNERS RECEIVE $36,000 OVER A FOUR-YEAR PERIOD TO HELP WITH COLLEGE COSTS.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543029349300629
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