Form 990 for tax year 2022
Filed by PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $50,147
- Total expenses
- $262,937
- Contributions and grants received
- $44,155
- Grants paid
- $25,000
- Program service revenue
- $340
- Investment income
- $2,205
- Other revenue
- $3,447
- Total assets, end of year
- $607,142
- Total liabilities, end of year
- $65
- Net assets or fund balances, end of year
- $607,077
- Program services expenses (Part IX)
- $246,374
- Management and general expenses
- $16,563
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $246,374
Program services were 93.7% 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
$44,155
-
2a · Program service revenue: FUTURE CITY
total $340 · related or exempt $340
-
3 · Investment income
total $20,241 · excluded $20,241
-
7a · Gross sales of assets other than inventory
securities $22,891
-
7b · Less cost or other basis and sales expenses
securities $40,927
-
7c · Gain or loss
securities -$18,036
-
7d · Net gain or loss
total -$18,036 · excluded -$18,036
-
8a · Fundraising events: gross income
$11,557
-
8b · Fundraising events: direct expenses
$8,163
-
8c · Net income from fundraising events
total $3,394
-
11a · Other revenue: MISC INCOME
total $53 · related or exempt $53
-
11e · Other revenue, total
$53
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,000 · program services $1,000
-
2 · Grants to domestic individuals
total $24,000 · program services $24,000
-
11a · Fees: management
total $6,772 · program services $549 · management and general $6,223
-
11b · Fees: legal
total $52 · management and general $52
-
11c · Fees: accounting
total $6,550 · program services $675 · management and general $5,875
-
11f · Fees: investment management
total $7,156 · program services $7,156
-
11g · Fees: other
total $68,550 · program services $68,550
-
12 · Advertising and promotion
total $63,247 · program services $63,247
-
13 · Office expenses
total $4,448 · program services $4,176 · management and general $272
-
14 · Information technology
total $150 · program services $150
-
16 · Occupancy
total $31,052 · program services $31,052
-
17 · Travel
total $5,943 · program services $5,943
-
19 · Conferences, conventions and meetings
total $15 · program services $15
-
23 · Insurance
total $1,955 · management and general $1,955
-
24a · Other expenses: FOOD/CATERING
total $22,466 · program services $22,466
-
24b · Other expenses: AWARDS
total $12,301 · program services $12,301
-
24c · Other expenses: GIFTS
total $3,914 · program services $3,914
-
24d · Other expenses: BANK FEES
total $2,193 · program services $10 · management and general $2,183
-
24e · All other expenses
total $1,173 · program services $1,170 · management and general $3
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $231,616 · end of year $22,473
-
2 · Savings and temporary cash investments
end of year $18,352
-
9 · Prepaid expenses and deferred charges
beginning of year $443
-
11 · Investments: publicly traded securities
beginning of year $537,816 · end of year $566,317
-
17 · Accounts payable and accrued expenses
beginning of year $117 · end of year $65
-
27 · Net assets without donor restrictions
beginning of year $347,862 · end of year $262,118
-
28 · Net assets with donor restrictions
beginning of year $421,896 · end of year $344,959
Mission and programs · 2022
Mission
TO PROMOTE THE ENGINEERING PROFESSION
-
TO PROVIDE STATE MATHCOUNTS CONTESTS TO ENCOURAGE JOUNIOR HIGH SCHOOL STUDENTS TO PURSUE ENGINEERING AND OTHER MATH RELATED CAREERS.
Expenses $26,274 · Revenue $340
-
TO PROVIDE SCHOLARSHIPS TO ASPIRING HIGH SCHOOL AND COLLEGE STUDENTS WHO WITH TO PURSUE ENGINEERING DEGREES
Expenses $31,156 · Grants $24,000
-
TO PROVIDE SUPPORT FOR STATEWIDE AND CHAPTER EDUCATIONAL ACTIVITIES IN FUTURE CITY,ENGINEERS WEEK, STEM HIGH SCHOOLS, STEM TEACHER CONTUINING EDUCATION, AND OTHER RELATED ACTIVITES.
Expenses $188,944 · Grants $1,000
As filed on the 2022 return.
Listed in Part VII
-
Carl BonnerCARL BONNER
DIRECTOR
- Total calculated
- $7,500
- From this org
- $7,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Todd RouseTODD ROUSE
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Charlie TownsendCHARLIE TOWNSEND
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Tommy SherardTOMMY SHERARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Grant LivengoodGRANT LIVENGOOD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Bill JenkinsBILL JENKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mark SmithMARK SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431669349301533
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