Our mission is to make great ideas in education come to life by funding initiatives that enhance the experiences of students and teachers in Dare County

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $49K a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$164K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$563K
+0.4% vs prior year
Spent
$518K
To programs
93%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$563K
FY2025+0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$453K
FY2021$443K
FY2022$470K
FY2023$495K
FY2024$561K
FY2025$563K
Expenses
$518K
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$388K
FY2021$353K
FY2022$435K
FY2023$487K
FY2024$511K
FY2025$518K
Net assets
$2.6M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.4M
FY2022$2.5M
FY2023$2.5M
FY2024$2.5M
FY2025$2.6M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $482K Management & general 5% · $25K Fundraising 2% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Barbara Davidson’s $65K as Executive Director is at the 57th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Barbara Davidson$65,000$60,459$50,064—
Amy Sasscer———$57,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dare County Education Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds innovative educational projects to improve student and teacher experiences.

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Provided by the organization

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3 programs · $456K · in their own filed words · FY2024
01

Provide affordable housing for teachers and / or other Dare County Schools employees through 36 rental units managed by the organization.

$381Kprogram expense
02

Provides grants to Dare County Schools for educator-driven projects that fall outside of school budgets.

$45Kprogram expense
03

Provides need-based college scholarships to low-income, high achieving, and AVID-enrolled students in Dare County Schools.

$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$25K
Grants paid · 22 grants · $825K · 2019–2024
Unitemized GrantFY2024$45,120
Dare County SchoolsFY2024$45,120
Unitemized GrantFY2024$30,000
Unitemized GrantFY2024$26,408
Unitemized GrantFY2023$59,518
Dare County SchoolsFY2023$59,518
Unitemized GrantFY2023$38,889
Unitemized GrantFY2023$30,610
Unitemized GrantFY2022$74,445
Unitemized GrantFY2022$60,454
Dare County SchoolsFY2022$60,454
Unitemized GrantFY2022$20,666
Unitemized GrantFY2021$58,730
Dare County SchoolsFY2021$58,730
Unitemized GrantFY2021$22,500
Unitemized GrantFY2021$19,690
Unitemized GrantFY2020$24,395
Unitemized GrantFY2020$17,895
See all 22 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$563K
Ln 12
Fees for servicesLn 2g$400K
Gifts and grantsLn 1h$120K
Other incomeLn 4–11$30K
Money outPt IX
$518K
Ln 25
Programscol B$482K
Managementcol C$25K
Fundraisingcol D$10K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$429K
Total assetsLn 16$2.8M
LiabilitiesLn 26$164K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120K
Noncash giftsLn 1g$615
Fees for servicesLn 2g$400K
Investment incomeLn 3$14K
Other incomeLn 4–11$30K
Total revenueLn 12$563K
Assets in detailPt X, end of year
CashLn 1$429K
Cash and savings togetherLn 1–2$429K
InvestmentsLn 11–13$138K
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$2.8M
LiabilitiesLn 26$164K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$401K$429K
InvestmentsLn 11–13$126K$138K
Land, buildings, equipmentLn 10c$2.3M$2.2M
Total assetsLn 16$2.8M$2.8M
LiabilitiesLn 26$297K$164K
Net assetsLn 32$2.5M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$45K$45K
Grants to domestic individualsLn 2$56K$56K
Other salaries and wagesLn 7$87K$69K$9K$9K
Payroll taxesLn 10$7K$5K$662$662
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$215$215
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$4K$4K
Information technologyLn 14$9K$9K
TravelLn 17$1K$1K
InterestLn 20$832$666$83$83
Depreciation, depletion and amortizationLn 22$93K$93K
InsuranceLn 23$4K$3K$362$362
Other expenses (24a–d)Ln 24$202K$199K$3K$177
All other expensesLn 24e$473$160$293$20
Total functional expensesLn 25$518K$482K$25K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $563K$518K$46K$2.6M 990 PDF
FY2024 $561K$511K$50K$2.5M 990 PDF
FY2023 $495K$487K$8K$2.5M 990 PDF
FY2022 $470K$435K$35K$2.5M 990 PDF
FY2021 $443K$353K$90K$2.4M 990 PDF
FY2020 $453K$388K$65K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $563,272 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $107,890$119,648
I-9 Program service revenuePrior year $425,870$399,626
I-10 Investment incomePrior year $10,666$14,127
I-11 Other revenuePrior year $16,543$29,871
I-12 Total revenuePrior year $560,969$563,272
I-13 Grants and similar amounts paidPrior year $129,517$101,528
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $108,609$93,181
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $272,871$322,799
I-18 Total expensesPrior year $510,997$517,508
I-19 Revenue less expensesPrior year $49,972$45,764
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $563,272 across 7 lines filed
VIII-1f All other contributions, gifts and grants$119,648
VIII-1g Noncash contributions (included above)$615
VIII-1h Total contributions, gifts and grants$119,648
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $399,626$399,626
VIII-3 Investment incomeExcluded from tax $14,127$14,127
VIII-8 Net income from fundraising eventsExcluded from tax $29,871$29,871
VIII-12 Total revenueRelated to mission $399,626 · Unrelated business $0 · Excluded from tax $43,998$563,272
Part IX · Statement of functional expenses $517,508 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $45,120$45,120
IX-2 Grants to domestic individualsPrograms $56,408$56,408
IX-7 Other salaries and wagesPrograms $69,247 · Management $8,656 · Fundraising $8,656$86,559
IX-10 Payroll taxesPrograms $5,298 · Management $662 · Fundraising $662$6,622
IX-11c Accounting feesManagement $7,000$7,000
IX-11g Other fees for servicesManagement $215$215
IX-12 Advertising and promotionPrograms $1,592$1,592
IX-13 Office expensesManagement $3,712$3,712
IX-14 Information technologyPrograms $8,989$8,989
IX-17 TravelManagement $1,373$1,373
IX-20 InterestPrograms $666 · Management $83 · Fundraising $83$832
IX-22 Depreciation, depletion and amortizationPrograms $92,593$92,593
IX-23 InsurancePrograms $2,896 · Management $362 · Fundraising $362$3,620
IX-24 Other expenses (24a–d)Programs $199,475 · Management $2,748 · Fundraising $177$202,400
IX-24e All other expensesPrograms $160 · Management $293 · Fundraising $20$473
IX-25 Total functional expensesPrograms $482,444 · Management $25,104 · Fundraising $9,960$517,508
Part X · Balance sheet $2,752,477 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $401,073$429,050
X-4 Accounts receivableStart of year $22,903$1,916
X-9 Prepaid expenses and deferred chargesStart of year $11,145$5,660
X-10c Land, buildings and equipment, netStart of year $2,270,646$2,178,053
X-11 Publicly traded securitiesStart of year $125,700$137,798
X-16 Total assetsStart of year $2,831,467$2,752,477
X-17 Accounts payable and accrued expensesStart of year $36,997$28,688
X-26 Total liabilitiesStart of year $297,095$163,939
X-27 Net assets without donor restrictionsStart of year $2,366,910$2,403,053
X-28 Net assets with donor restrictionsStart of year $167,462$185,485
X-32 Total net assets or fund balancesStart of year $2,534,372$2,588,538
X-33 Total liabilities and net assetsStart of year $2,831,467$2,752,477
Part XI · Reconciliation of net assets $2,588,538 net assets at year end
XI-1 Total revenue$563,272
XI-2 Total expenses$517,508
XI-3 Revenue less expenses$45,764
XI-4 Net assets at start of year$2,534,372
XI-5 Net unrealized gains (losses) on investments$8,402
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,588,538

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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