Form 990 for tax year 2023
Filed by CHARLOTTE LOCAL EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $771,610
- Total expenses
- $858,498
- Contributions and grants received
- $370,869
- Grants paid
- $0
- Program service revenue
- $106,936
- Investment income
- -$21,573
- Other revenue
- $315,378
- Total assets, end of year
- $2,813,008
- Total liabilities, end of year
- $6,700
- Net assets or fund balances, end of year
- $2,806,308
- Program services expenses (Part IX)
- $791,440
- Management and general expenses
- $41,722
- Fundraising expenses
- $25,336
- Program service expenses (Part III)
- $791,440
Program services were 92.2% 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
$370,869
-
1g · Noncash contributions included above
$9,060
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $106,936 · related or exempt $106,936
-
3 · Investment income
total $42,992 · related or exempt $42,992
-
7a · Gross sales of assets other than inventory
other assets -$64,565
-
7c · Gain or loss
other assets -$64,565
-
7d · Net gain or loss
total -$64,565 · related or exempt -$64,565
-
8a · Fundraising events: gross income
$5,412
-
8c · Net income from fundraising events
total $5,412 · excluded $5,412
-
11a · Other revenue: HURRICANE RELIEF
total $309,966 · related or exempt $309,966
-
11e · Other revenue, total
$309,966
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $196,302 · program services $185,388 · management and general $10,914
-
11c · Fees: accounting
total $10,828 · program services $5,025 · management and general $5,803
-
12 · Advertising and promotion
total $25,336 · fundraising $25,336
-
13 · Office expenses
total $17,759 · management and general $17,759
-
16 · Occupancy
total $9,060 · program services $7,660 · management and general $1,400
-
19 · Conferences, conventions and meetings
total $3,577 · management and general $3,577
-
23 · Insurance
total $2,269 · management and general $2,269
-
24a · Other expenses: HURRICANE RELIEF
total $352,657 · program services $352,657
-
24b · Other expenses: PROGRAM EXPENSES
total $159,001 · program services $159,001
-
24c · Other expenses: SCHOLARSHIPS USED
total $75,079 · program services $75,079
-
24d · Other expenses: TAKE STOCK PROGRAM
total $6,630 · program services $6,630
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $80,844 · end of year $51,484
-
4 · Accounts receivable
beginning of year $11,891 · end of year $12,620
-
8 · Inventories for sale or use
beginning of year $6,500 · end of year $6,500
-
9 · Prepaid expenses and deferred charges
beginning of year $727,727 · end of year $761,726
-
11 · Investments: publicly traded securities
beginning of year $1,914,347 · end of year $1,980,678
-
17 · Accounts payable and accrued expenses
beginning of year $40,234 · end of year $6,700
-
27 · Net assets without donor restrictions
beginning of year $285,822 · end of year $227,027
-
28 · Net assets with donor restrictions
beginning of year $2,415,253 · end of year $2,579,281
Mission and programs · 2023
Mission
EDUCATIONAL AND CHARITABLE - PRIMARILY WITH SUPPORT OF PUBLIC EDUCATION THROUGH GRANTS FOR CLASSROOM PROJECTS WITH TEACHER SUPPORT AND EMPLOYER RECOGNITION, AS WELL AS TAKE STOCK IN CHILDREN PROGRAM AND TEACHER SUPPLY DEPOT PROGRAM.
Activities or mission (Part I)
EDUCATIONAL AND CHARITABLE - PRIMARILY WITH SUPPORT OF PUBLIC EDUCATION THROUGH GRANTS FOR CLASSROOM PROJECTS WITH TEACHER SUPPORT AND EMPOLYER RECOGNITION, AS WELL AS TAKE STOCK IN CHILDREN PROGRAM AND TEACHER SUPPLY DEPOT PROGRAM.
-
TAKE STOCK IN CHILDREN PREPAID FLORIDA SCHOLARSHIPS
Expenses $791,440
-
EDUCATIONAL AND CLASSROOM PROGRAMS INCLUDING TEACHER SUPPLY DEPOT.
-
PUBLIC SCHOOL PROGRAMS AND EDUCATIONAL GRANTS
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa BairdLISA BAIRD
TREASURER
- Total calculated
- $0
-
Donna HollandDONNA HOLLAND
SECRETARY
- Total calculated
- $0
-
Candace KeloggCANDACE KELOGG
DIRECTOR
- Total calculated
- $0
-
Kreg MaheuKREG MAHEU
DIRECTOR
- Total calculated
- $0
-
Joe PaternoJOE PATERNO
DIRECTOR
- Total calculated
- $0
-
Sara A PerriSARA A PERRI
DIRECTOR
- Total calculated
- $0
-
Genevieve RamachandranGENEVIEVE RAMACHANDRAN
DIRECTOR
- Total calculated
- $0
-
Barbara RocheBARBARA ROCHE
PRESIDENT
- Total calculated
- $0
-
Robert SegurROBERT SEGUR
SCHOOL BD RE
- Total calculated
- $0
-
Ricardo TerrazasRICARDO TERRAZAS
DIRECTOR
- Total calculated
- $0
-
Mark VianelloMARK VIANELLO
SUPERINTENDE
- Total calculated
- $0
-
Daniel WashingtonDANIEL WASHINGTON
EXECUTIVE DI
- Total calculated
- $0
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
- 23 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540239349301304
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.