Form 990 for tax year 2022
Filed by NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION.
Totals
- Total revenue
- $821,251
- Total expenses
- $798,220
- Contributions and grants received
- $821,251
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,274,065
- Total liabilities, end of year
- $4,432
- Net assets or fund balances, end of year
- $1,269,633
- Program services expenses (Part IX)
- $710,403
- Management and general expenses
- $76,809
- Fundraising expenses
- $11,008
- Program service expenses (Part III)
- $710,403
Program services were 89.0% 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
$821,251
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $275,604 · program services $254,875 · management and general $10,365 · fundraising $10,364
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $267,307 · program services $247,203 · management and general $20,104
-
8 · Pension plan contributions
total $9,167 · program services $8,477 · management and general $690
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $34,251 · program services $31,675 · management and general $1,932 · fundraising $644
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $16,561 · management and general $16,561
-
11d · Fees: lobbying
total $60,000 · program services $60,000
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $69,037 · program services $68,911 · management and general $126
-
12 · Advertising and promotion
total $14,804 · program services $9,025 · management and general $5,779
-
13 · Office expenses
total $8,646 · management and general $8,646
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $8,600 · program services $5,587 · management and general $3,013
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $12,849 · program services $12,391 · management and general $458
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $5,676 · program services $4,518 · management and general $1,158
-
24a · Other expenses: LAUNCH
total $6,615 · program services $6,615
-
24b · Other expenses: Dues and subscriptions
total $5,250 · management and general $5,250
-
24c · Other expenses: Meals and entertainment
total $1,705 · program services $362 · management and general $1,343
-
24d · Other expenses: Staff development
total $1,186 · management and general $1,186
-
24e · All other expenses
total $962 · program services $764 · management and general $198
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,247,428 · end of year $1,274,065
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $826 · end of year $4,432
-
27 · Net assets without donor restrictions
beginning of year $1,236,602 · end of year $1,223,669
-
28 · Net assets with donor restrictions
beginning of year $10,000 · end of year $45,964
Mission and programs · 2022
Mission
The mission of North Carolina Business Leaders for Education (DBA BEST NC)is to unite an engaged and informed business perspective to dramatically transform and improve North Carolina's education system. Our goal is for every student to graduate with the knowledge, skills and behaviors to succeed in a competitive global economy.
Activities or mission (Part I)
Dramatically transform and improve education in North Carolina.
-
Research/Communications: Motivated by best practices and solid research, BEST NC believes that curating and sharing data and information broadly with education stakeholders will lead to better conversations and ideas. Our primary communication resource is the NC Education Facts and Figures Guide and accompanying education data sets (www.ncedfacts.org). We share this information both directly with education stakeholders and widely through social media.
Expenses $516,868
-
State vision/Collaboration: BEST NC believes that North Carolina is uniquely positioned to lead the nation in developing and implementing transformative education strategies. With that goal in mind, we regularly convene education stakeholders to develop specific, actionable strategies toward a shared education vision. Motivated by the excellence education vision (www.excellencenc.org) that was created in collaboration with hundreds of stakeholders, BEST NC has convened regular conversations around elevating educators for student success, setting high standards and meaningful accountability, and creating clear pathways from birth to 3rd grade reading.
Expenses $193,535
As filed on the 2022 return.
Listed in Part VII
-
Brenda Berg
Pres/CEO
- Total calculated
- $275,604
- From this org
- $273,851
- From related orgs
- $0
- Other
- $1,753
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $273,851
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $1,753
- Filer's total
- $275,604
-
Bob Barnhill
Director
- Total calculated
- $0
- Hours/week
- 1
-
Zach Clayton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pat Riley
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Neill
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anna Spangler Nelson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Arthur Pope
Director
- Total calculated
- $0
- Hours/week
- 1
-
Will Sutton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chuck Purvis
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Belk
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard Williams
Board Advisor
- Total calculated
- $0
- Hours/week
- 1
-
J Walter McDowell III
Chair & Treas
- 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 · 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323069349300127
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