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Nonprofiteer
← LEE COUNTY EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by LEE COUNTY EDUCATIONAL FOUNDATION.

Totals

Total revenue
$184,531
Total expenses
$213,791
Contributions and grants received
$141,460
Grants paid
$194,194
Program service revenue
$0
Investment income
$43,071
Other revenue
$0
Total assets, end of year
$1,518,561
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,518,561
Program services expenses (Part IX)
$194,194
Management and general expenses
$19,597
Fundraising expenses
$0
Program service expenses (Part III)
$194,194

Program services were 90.8% 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

    $141,460

  • 3 · Investment income

    total $33,344 · excluded $33,344

  • 7a · Gross sales of assets other than inventory

    securities $103,624

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

    securities $93,897

  • 7c · Gain or loss

    securities $9,727

  • 7d · Net gain or loss

    total $9,727 · excluded $9,727

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $194,194 · program services $194,194

  • 11a · Fees: management

    total $4,500 · management and general $4,500

  • 11f · Fees: investment management

    total $8,230 · management and general $8,230

  • 13 · Office expenses

    total $873 · management and general $873

  • 14 · Information technology

    total $4,538 · management and general $4,538

  • 23 · Insurance

    total $1,143 · management and general $1,143

  • 24a · Other expenses: FOREIGN TAXES

    total $263 · management and general $263

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $129,581 · end of year $139,019

  • 3 · Pledges and grants receivable

    beginning of year $5,612 · end of year $5,612

  • 12 · Investments: other securities

    beginning of year $1,221,416 · end of year $1,373,930

  • 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 $1,356,609 · end of year $1,518,561

Mission and programs · 2023

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 2022-2023 SCHOOL YEAR.

    Expenses $51,194 · Grants $51,194 · Revenue $75,000

  • THE DURABLE SKILLS PROJECT WAS PROVIDED TO APPROXIMATELY 120 STUDENTS AT EACH OF THE THREE TRADITIONAL MIDDLE SCHOOLS IN LEE COUNTY. IT WAS A COMBINED PROJECT WITH BOYS AND GIRLS CLUB OF LEE COUNTY, LEE COUNTY SCHOOLS, AND THE LEE COUNTY EDUCATION FOUNDATION. THE INTENT OF THE PROJECT IS TO PROVIDE THE SELECTED STUDENTS, WHO ARE CHOSEN BY THEIR RESPECTIVE SCHOOLS, WITH INSTRUCTION AND GUIDANCE ON THE IMPORTANCE OF DURABLE SKILLS, OR "SOFT SKILLS" AS THEY ARE OFTEN REFERRED TO. THE FIRST YEAR RESULTED IN VERY IMPRESSIVE GAINS IN ACHIEVEMENT AND ATTENDANCE. SINCE THIS PROJECT RELIES ON THE STAFF FROM BOYS AND GIRLS CLUB TO PROVIDE THE INSTRUCTION, WE WERE NOT ABLE TO CONTINUE IT DUE TO PERSONNEL ISSUES AT THE BOYS AND GIRLS CLUB.

    Expenses $143,000 · Grants $143,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George R Perkins Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • W Kel Normann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dennis A Wicker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlie L Welborn

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • T Chester Mann III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kirk J Bradley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Temple Sloan Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William E Horner III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James C Kelly Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan W Keller

    BOARD MEMBER/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Shay P Benton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • S Wilson Cox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Chapman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Joyce

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Proctor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vicki 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

    $50,000

    THE PURPOSE OF THE $50,000.00 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 $50,000.00.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349316017

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