Form 990 for tax year 2022
Filed by JOHNSTON COUNTY EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $70,786
- Total expenses
- $163,930
- Contributions and grants received
- $54,773
- Grants paid
- $99,221
- Program service revenue
- $0
- Investment income
- -$18,010
- Other revenue
- $34,023
- Total assets, end of year
- $1,067,509
- Total liabilities, end of year
- $3,508
- Net assets or fund balances, end of year
- $1,064,001
- Program services expenses (Part IX)
- $117,130
- Management and general expenses
- $28,363
- Fundraising expenses
- $18,437
- Program service expenses (Part III)
- $117,130
Program services were 71.5% 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
$54,773
-
3 · Investment income
total $22,859 · excluded $22,859
-
7a · Gross sales of assets other than inventory
securities $771,500
-
7b · Less cost or other basis and sales expenses
securities $812,359 · other assets $10
-
7c · Gain or loss
securities -$40,859 · other assets -$10
-
7d · Net gain or loss
total -$40,869 · related or exempt -$40,869
-
8a · Fundraising events: gross income
$70,798
-
8b · Fundraising events: direct expenses
$36,775
-
8c · Net income from fundraising events
total $34,023
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $99,221 · program services $99,221
-
7 · Other salaries and wages
total $32,652 · program services $13,060 · management and general $3,184 · fundraising $16,408
-
10 · Payroll taxes
total $2,498 · program services $899 · management and general $260 · fundraising $1,339
-
11c · Fees: accounting
total $8,650 · management and general $8,650
-
11f · Fees: investment management
total $10,376 · management and general $10,376
-
12 · Advertising and promotion
total $2,045 · program services $818 · management and general $1,227
-
13 · Office expenses
total $1,393 · program services $558 · management and general $145 · fundraising $690
-
14 · Information technology
total $2,354 · program services $942 · management and general $1,412
-
17 · Travel
total $1,328 · program services $531 · management and general $797
-
19 · Conferences, conventions and meetings
total $26 · management and general $26
-
20 · Interest
total $7 · program services $3 · management and general $4
-
22 · Depreciation, depletion and amortization
total $504 · program services $202 · management and general $302
-
23 · Insurance
total $632 · management and general $632
-
24a · Other expenses: COMMUNICATION
total $960 · program services $384 · management and general $576
-
24b · Other expenses: DUES & MEMBERSHIPS
total $901 · program services $360 · management and general $541
-
24c · Other expenses: MISCELLANEOUS
total $383 · program services $152 · management and general $231
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $93,617 · end of year $545,919
-
4 · Accounts receivable
end of year $163
-
10a · Land, buildings and equipment: cost or other basis
$2,519
-
10b · Land, buildings and equipment: accumulated depreciation
$1,805
-
10c · Land, buildings and equipment, net
beginning of year $1,228 · end of year $714
-
11 · Investments: publicly traded securities
beginning of year $945,689 · end of year $520,713
-
17 · Accounts payable and accrued expenses
beginning of year $4,558 · end of year $3,508
-
27 · Net assets without donor restrictions
beginning of year $379,414 · end of year $454,914
-
28 · Net assets with donor restrictions
beginning of year $656,562 · end of year $609,087
Mission and programs · 2022
Mission
TO PROVIDE ADDITIONAL FUNDING TO PUBLIC SCHOOLS IN JOHNSTON COUNTY.
-
TO SUPPORT AND CREATE PROGRAMS THAT EXPAND THE QUALITY OF EDUCATION. FIVE GRANTS WERE AWARDED IN FISCAL YEAR ENDING JUNE 30, 2022.
Expenses $10,591 · Grants $3,271
-
TO ENHANCE PUBLIC EDUCATION THROUGH FINANCIAL AND HUMAN RESOURCES FROM THE PRIVATE SECTOR. FOURTY NINE SCHOLARSHIPS WERE AWARDED IN FISCAL YEAR ENDING JUNE 30,2022.
Expenses $106,539 · Grants $95,950
As filed on the 2022 return.
Listed in Part VII
-
Landis BullockLANDIS BULLOCK
DIRECTOR
- Total calculated
- $0
-
Doug CockrellDOUG COCKRELL
DIRECTOR
- Total calculated
- $0
-
Dr Johna FaulconerDR JOHNA FAULCONER
DIRECTOR
- Total calculated
- $0
-
Jason GipeJASON GIPE
DIRECTOR
- Total calculated
- $0
-
Dr Nicholas KingDR NICHOLAS KING
COA
- Total calculated
- $0
-
Heather MoserHEATHER MOSER
SHOWCASE CHA
- Total calculated
- $0
-
Blair NarronBLAIR NARRON
DIRECTOR
- Total calculated
- $0
-
Stephanie NorrisSTEPHANIE NORRIS
PRESIDENT EL
- Total calculated
- $0
-
Jenna PaytonJENNA PAYTON
DIRECTOR
- Total calculated
- $0
-
Terri SessomsTERRI SESSOMS
DIRECTOR
- Total calculated
- $0
-
Anita TartANITA TART
DIRECTOR
- Total calculated
- $0
-
Vanessa WatsonVANESSA WATSON
DIRECTOR
- Total calculated
- $0
-
Eric BrownleeERIC BROWNLEE
BOARD CHAIR
- Total calculated
- $0
-
Loretta ByrdLORETTA BYRD
TREASURER
- Total calculated
- $0
-
Darla PeedinDARLA PEEDIN
EXECUTIVE DI
- Total calculated
- $0
-
Amy TaylorAMY TAYLOR
PAST PRESIDE
- 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
- 2022
- Filed
- 15 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430609349301623
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