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← PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by PROFESSIONAL ENGINEERS OF NORTH CAROLINA-EDUCATIONAL FOUNDATION.

Totals

Total revenue
$280,313
Total expenses
$146,433
Contributions and grants received
$246,891
Grants paid
$13,000
Program service revenue
$0
Investment income
$33,859
Other revenue
-$437
Total assets, end of year
$789,151
Total liabilities, end of year
$13,310
Net assets or fund balances, end of year
$775,841
Program services expenses (Part IX)
$138,037
Management and general expenses
$8,396
Fundraising expenses
$0
Program service expenses (Part III)
$138,037

Program services were 94.3% 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.

  • 1e · Government grants (contributions)

    $200,000

  • 1f · All other contributions, gifts and grants

    $46,891

  • 3 · Investment income

    total $16,454 · excluded $16,454

  • 7a · Gross sales of assets other than inventory

    securities $17,405

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $17,405

  • 7d · Net gain or loss

    total $17,405 · excluded $17,405

  • 8a · Fundraising events: gross income

    $4,168

  • 8b · Fundraising events: direct expenses

    $4,605

  • 8c · Net income from fundraising events

    total -$437 · excluded -$437

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,000 · program services $13,000

  • 11a · Fees: management

    total $18,524 · program services $15,628 · management and general $2,896

  • 11b · Fees: legal

    total $15,229 · program services $15,229

  • 11c · Fees: accounting

    total $2,575 · management and general $2,575

  • 11f · Fees: investment management

    total $8,079 · program services $8,079

  • 11g · Fees: other

    total $24,060 · program services $24,060

  • 12 · Advertising and promotion

    total $23,485 · program services $23,485

  • 13 · Office expenses

    total $2,488 · program services $1,111 · management and general $1,377

  • 16 · Occupancy

    total $16,298 · program services $16,298

  • 17 · Travel

    total $15,140 · program services $15,140

  • 23 · Insurance

    total $1,531 · management and general $1,531

  • 24a · Other expenses: GIFTS

    total $5,782 · program services $5,782

  • 24b · Other expenses: EQUIP. RENTAL & MAINT.

    total $225 · program services $225

  • 24c · Other expenses: TAXES & LICENSES

    total $17 · management and general $17

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,473 · end of year $187,930

  • 2 · Savings and temporary cash investments

    beginning of year $18,352 · end of year $9,293

  • 4 · Accounts receivable

    end of year $3,600

  • 11 · Investments: publicly traded securities

    beginning of year $566,317 · end of year $588,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $65 · end of year $13,310

  • 27 · Net assets without donor restrictions

    beginning of year $262,118 · end of year $396,998

  • 28 · Net assets with donor restrictions

    beginning of year $344,959 · end of year $378,843

Mission and programs · 2023

Mission

TO PROMOTE THE ENGINEERING PROFESSION

  • TO PROVIDE STATE MATHCOUNTS CONTESTS TO ENCOURAGE JUNIOR HIGH SCHOOL STUDENTS TO PURSUE ENGINEERING AND OTHER MATH-RELATED CAREERS.

    Expenses $31,617

  • TO PROVIDE SCHOLARSHIPS TO ASPIRING HIGH SCHOOL AND COLLEGE STUDENTS WHO WISH TO PURSUE ENGINEERING DEGREES.

    Expenses $16,703 · Grants $13,000

  • TO PROVIDE SUPPORT FOR STATEWIDE AND CHAPTER EDUCATIONAL ACTIVITIES IN FUTURE CITY, ENGINEERS WEEK, STEM HIGH SCHOOLS, STEM TEACHER CONTINUING EDUCATION, AND OTHER RELATED ACTIVITES.

    Expenses $89,717

As filed on the 2023 return.

Listed in Part VII

  • Grant Livengood

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Charlie Townsend

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Todd Rouse

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Mark Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tommy Sherard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Bill Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Amit Sachan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Carl Bonner

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    3

  • Vanessa Laclair

    EXECUTIVE DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

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
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202511219349301231

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