Form 990 for tax year 2022

Totals

Total revenue

$225,003

Total expenses

$410,465

Contributions and grants received

$225,000

Grants paid

$100,000

Program service revenue

$0

Investment income

$3

Other revenue

$0

Total assets, end of year

$17,065

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$17,065

Program services expenses (Part IX)

$356,072

Management and general expenses

$54,393

Fundraising expenses

$0

Program service expenses (Part III)

$356,072

Program services were 86.7% 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.

Mission and programs · 2022

• Major school choice expansion as the North Carolina General Assembly was able to pass a bi-partisan budget that includes our school choice priorities, including: Scholarship maximum increases from a flat $4,200 to 90% of the States public school per pupil spending for a full-time student (45% for part-time students), which is approximately $5,900. As public school per pupil spending increases each year, so would the scholarship amount. Increases income requirements from 150% to 175% of the amount required for the student to qualify for free and reduced lunchincome for a family of four increases from approximately $73,000/year to approximately $85,000/year. Increases the states yearly appropriation from $10 million per year to $15 million per year until the 2031-2032 school year. The State may contract with a nonprofit to provide outreach and assistance to families as they navigate the scholarship process.

  Expenses $356,072 · Grants $225,000

• Public Charter Schools $1.1 million for charters that accepted students after the second ADM count. Fast track replication process for some charter schools. Planning year will not be required for these schools. $4.9 million total for the biennium to implement mobile panic alarm capability in all public K-12 and charter schools. $2.5 million for Transportation Grant Program for charter schools with 50%+ FRL, reimbursement up to 65% costs. Charter schools get water and sewer requirements for municipalities. Extended virtual charter school program.

• Special Needs Scholarship Grant Programs Increases funding for the Disabilities Grant by $5.95M and increases funding for the ESA program by $9.65M for the 2021-22 school year. Combines the Children with Disabilities Grant and Education Savings Account program into one program: NC Personal Education Student Accounts for Children with Disabilities, with over $31.6M for 2022-23. Implements forward funding and guarantees an additional $1M each year through 2032-33.

As filed on the 2022 return.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Parents for Edu Freedom In NC

  $100,000

  For operational assistance to affiliate

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Parents for Edu Freedom in NC

  501c3 · Promote Edu Choices for Parents in NC · NC

Provenance

Return type

form_990

Tax year

2022

Filed

26 January 2023

IRS schema version

2022v4.1

Source object

202330589349300808

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