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← NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION

Form 990 for tax year 2023

Filed by NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION.

Totals

Total revenue
$1,204,662
Total expenses
$880,082
Contributions and grants received
$1,175,294
Grants paid
$0
Program service revenue
$0
Investment income
$29,368
Other revenue
$0
Total assets, end of year
$1,597,960
Total liabilities, end of year
$3,747
Net assets or fund balances, end of year
$1,594,213
Program services expenses (Part IX)
$691,955
Management and general expenses
$104,319
Fundraising expenses
$83,808
Program service expenses (Part III)
$691,955

Program services were 78.6% 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

    $1,175,294

  • 1g · Noncash contributions included above

    $34,294

  • 3 · Investment income

    total $29,368 · related or exempt $29,368

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $589,708 · program services $535,093 · management and general $33,205 · fundraising $21,410

  • 9 · Other employee benefits

    total $11,588 · program services $10,515 · management and general $652 · fundraising $421

  • 10 · Payroll taxes

    total $37,298 · program services $33,844 · management and general $2,100 · fundraising $1,354

  • 11c · Fees: accounting

    total $17,440 · management and general $17,440

  • 11d · Fees: lobbying

    total $65,000 · program services $65,000

  • 11e · Fees: professional fundraising services

    total $60,000 · fundraising $60,000

  • 12 · Advertising and promotion

    total $11,695 · program services $11,695

  • 13 · Office expenses

    total $11,952 · management and general $11,617 · fundraising $335

  • 16 · Occupancy

    total $34,294 · management and general $34,294

  • 17 · Travel

    total $17,470 · program services $17,470

  • 19 · Conferences, conventions and meetings

    total $14,292 · program services $14,292

  • 23 · Insurance

    total $1,439 · management and general $1,439

  • 24a · Other expenses: OTHER EXPENSES

    total $7,906 · program services $4,046 · management and general $3,572 · fundraising $288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,274,065 · end of year $1,597,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,432 · end of year $2,308

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,439

  • 27 · Net assets without donor restrictions

    beginning of year $1,223,669 · end of year $1,354,559

  • 28 · Net assets with donor restrictions

    beginning of year $45,964 · end of year $239,654

Mission and programs · 2023

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 & FIGURES GUIDE AND ACCOMPANYING EDUCATION DATA SETS (WWW.NCEDFACTS.ORG). WE ALSO RESEARCH, PREPARE, AND PUBLISH BRIEFS ON RELEVANT RESEARCH, PROGRAMS, AND POLICIES THAT CAN ELEVATE EDUCATION PRACTICES IN NORTH CAROLINA. WE SHARE THIS INFORMATION BOTH DIRECTLY WITH EDUCATION STAKEHOLDERS AND WIDELY THROUGH SOCIAL MEDIA.

    Expenses $452,579

  • 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. MOTIVATED BY OUR BELIEF IN THE IMPORTANCE OF SYSTEMS CHANGE, BEST NC HAS CONVENED REGULAR CONVERSATIONS AROUND ELEVATING EDUCATORS FOR STUDENT SUCCESS, SETTING HIGH STANDARDS AND MEANINGFUL ACCOUNTABILITY, AND MORE.

    Expenses $239,376

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ann S Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Neil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Martineau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Barnhill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Walter McDowell III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    8

  • Sara Spencer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Will Sutton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arthur Pope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chuck Purvis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John R Belk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brenda Berg

    CEO & DIRECTOR

    Total calculated
    $304,055
    From this org
    $298,093
    From related orgs
    $0
    Other
    $5,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,093
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,962
    Filer's total
    $304,055

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
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202422189349300822

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