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← PARENTS FOR EDUCATIONAL FREEDOM IN NORTH CAROLINA INC

Form 990 for tax year 2024

Filed by PARENTS FOR EDUCATIONAL FREEDOM IN NORTH CAROLINA INC.

Totals

Total revenue
$1,317,920
Total expenses
$1,258,950
Contributions and grants received
$914,692
Grants paid
$0
Program service revenue
$348,736
Investment income
$24,492
Other revenue
$30,000
Total assets, end of year
$869,974
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$869,974
Program services expenses (Part IX)
$1,046,684
Management and general expenses
$212,266
Fundraising expenses
$0
Program service expenses (Part III)
$1,046,684

Program services were 83.1% 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.

  • 1f · All other contributions, gifts and grants

    $914,692

  • 2a · Program service revenue: Service Fee

    total $348,736 · related or exempt $348,736

  • 3 · Investment income

    total $24,492 · excluded $24,492

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Facility Sharing

    total $30,000 · related or exempt $30,000

  • 11e · Other revenue, total

    $30,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $199,704 · program services $153,704 · management and general $46,000

  • 7 · Other salaries and wages

    total $464,506 · program services $404,506 · management and general $60,000

  • 8 · Pension plan contributions

    total $15,212 · program services $12,712 · management and general $2,500

  • 9 · Other employee benefits

    total $84,222 · program services $66,689 · management and general $17,533

  • 10 · Payroll taxes

    total $49,384 · program services $41,936 · management and general $7,448

  • 11b · Fees: legal

    total $287 · management and general $287

  • 11c · Fees: accounting

    total $45,900 · management and general $45,900

  • 11g · Fees: other

    total $95,094 · program services $95,094

  • 12 · Advertising and promotion

    total $114,380 · program services $114,380

  • 13 · Office expenses

    total $25,157 · program services $21,135 · management and general $4,022

  • 14 · Information technology

    total $66,765 · program services $66,165 · management and general $600

  • 16 · Occupancy

    total $55,257 · program services $44,257 · management and general $11,000

  • 17 · Travel

    total $20,541 · program services $16,451 · management and general $4,090

  • 19 · Conferences, conventions and meetings

    total $9,655 · program services $9,655

  • 22 · Depreciation, depletion and amortization

    total $2,483 · management and general $2,483

  • 23 · Insurance

    total $3,113 · management and general $3,113

  • 24a · Other expenses: Meals & Entertainment

    total $7,290 · management and general $7,290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $169,708 · end of year $342,652

  • 2 · Savings and temporary cash investments

    beginning of year $524,881 · end of year $514,082

  • 4 · Accounts receivable

    beginning of year $112,060 · end of year $5,388

  • 10a · Land, buildings and equipment: cost or other basis

    $69,076

  • 10b · Land, buildings and equipment: accumulated depreciation

    $61,224

  • 10c · Land, buildings and equipment, net

    beginning of year $4,355 · end of year $7,852

  • 27 · Net assets without donor restrictions

    beginning of year $811,004 · end of year $869,974

Mission and programs · 2024

Mission

Parents for Educational Freedom in NC advocates for quality educational options through parental school choice. Our mission is to ENGAGE at the grassroots level, EDUCATE NC about the options in our state, and EMPOWER families to have a voice in their childrens education.

  • Managed a family support assistance effort and a scholarship education program for parents and students interested in participating in the K-12 Scholarship Programs administered by the NCSEAA. PEFNC engaged nearly 25,000 parents one-on-one (email, phone, text) in 2024 and led the way for a record-breaking 72,000 applications in early 2024. Secured an increase in the award amount of North Carolinas Opportunity Scholarship Program from $7,468 per school year to $7,686 for Tier 1 families.

    Expenses $1,046,684

As filed on the 2024 return.

Listed in Part VII

  • Michael B Long

    President

    Total calculated
    $271,004
    From this org
    $199,704
    From related orgs
    $25,520
    Other
    $45,780
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $179,704 + $25,520 related
    Bonus
    $20,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $45,780
    Filer's total
    $245,484 + $25,520 related

  • Brian R Jodice

    Vice President

    Total calculated
    $139,218
    From this org
    $127,327
    From related orgs
    $0
    Other
    $11,891
    Hours/week
    40

  • Joe Young

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joel Ford

    Director

    Total calculated
    $0
    Hours/week
    1

  • Phil Strach

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rick Adams

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Lesa Howard

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Avila

    Treasurer

    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. 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

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
1 February 2025
IRS schema version
2024v5.0
Source object
202530629349301863

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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