Form 990 for tax year 2024
Filed by WILKES EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $146,753
- Total expenses
- $164,851
- Contributions and grants received
- $37,640
- Grants paid
- $144,438
- Program service revenue
- $0
- Investment income
- $114,172
- Other revenue
- -$5,059
- Total assets, end of year
- $1,858,962
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,858,962
- Program services expenses (Part IX)
- $156,813
- Management and general expenses
- $8,038
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $156,813
Program services were 95.1% 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.
-
1c · Fundraising events
$36,540
-
1f · All other contributions, gifts and grants
$1,100
-
3 · Investment income
total $46,683 · excluded $46,683
-
7a · Gross sales of assets other than inventory
securities $248,308 · other assets $27,330
-
7b · Less cost or other basis and sales expenses
securities $208,149
-
7c · Gain or loss
securities $40,159 · other assets $27,330
-
7d · Net gain or loss
total $67,489 · related or exempt $40,159 · excluded $27,330
-
8a · Fundraising events: gross income
$4,224
-
8a · Fundraising events: contributions included on line 1c
$36,540
-
8b · Fundraising events: direct expenses
$10,000
-
8c · Net income from fundraising events
total -$5,776 · excluded -$5,776
-
11a · Other revenue: GRANT REFUNDS
total $717 · related or exempt $717
-
11e · Other revenue, total
$717
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $39,938 · program services $39,938
-
2 · Grants to domestic individuals
total $104,500 · program services $104,500
-
11c · Fees: accounting
total $4,598 · management and general $4,598
-
23 · Insurance
total $1,739 · management and general $1,739
-
24a · Other expenses: MANAGEMENT FEES
total $12,375 · program services $12,375
-
24b · Other expenses: FOREIGN TAXES PAID
total $643 · management and general $643
-
24c · Other expenses: BANK CHARGES
total $571 · management and general $571
-
24d · Other expenses: MISCELLANEOUS
total $487 · management and general $487
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,095 · end of year $39,816
-
2 · Savings and temporary cash investments
beginning of year $139 · end of year $136
-
11 · Investments: publicly traded securities
beginning of year $1,755,796 · end of year $1,819,010
-
31 · Retained earnings, endowment or other funds
beginning of year $1,798,030 · end of year $1,858,962
Mission and programs · 2024
Mission
TO ASSIST EDUCATIONAL FUNCTIONS
-
THE ORGANIZATION PROVIDED GRANTS TO SCHOOLS IN WILKES COUNTY, NC FOR VARIOUS PROGRAMS IN NEED OF SUPPLIES AND MATERIALS.
Expenses $52,313 · Grants $39,938
-
THE ORGANIZATION PROVIDED SCHOLARSHIPS TO LOCAL STUDENTS TO FURTHER THEIR EDUCATION.
Expenses $104,500 · Grants $104,500
As filed on the 2024 return.
Listed in Part VII
-
James MotsingerJAMES MOTSINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jackie MalloryJACKIE MALLORY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Loretta ShumateLORETTA SHUMATE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jody HambyJODY HAMBY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Bill MyersBILL MYERS
ASST. TREASU
- Total calculated
- $0
- Hours/week
- 1
-
Gordon BurnsGORDON BURNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcia ReynoldsMARCIA REYNOLDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Danny HolmanDANNY HOLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marsh LyallMARSH LYALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peggy Martin HalschPEGGY MARTIN HALSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David McNeillDAVID MCNEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lee BentleyLEE BENTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arnold LakeyARNOLD LAKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy HuieCATHY HUIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Louise CanterMARY LOUISE CANTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
June HegeJUNE HEGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandie ClineSANDIE CLINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles WootenCHARLES WOOTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bert YoungBERT YOUNG
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Brook BiddyBROOK BIDDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mark ByrdDR MARK BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie PerryJAMIE PERRY
DIRECTOR
- Total calculated
- $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
-
GRANTS
$39,938
EDUCATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543039349302514
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