To support and enhance the education of k through 12 students in Lee County NC public schools.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $38K a year · 19% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
25 mo
of spending, in cash
Plus $1.5M in investments, Pt X · Ln 11–13
Looks good: 24.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$384K
+108% vs prior year
Spent
$157K
To programs
86%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$384K
FY2024▲ +108%
Tap a bar for its year
Revenue by fiscal year
FY2020$104K
FY2021$196K
FY2022$130K
FY2023$185K
FY2024$384K
Expenses
$157K
FY2024▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$175K
FY2022$91K
FY2023$214K
FY2024$157K
Net assets
$1.8M
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$1.8M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2003.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $135K Management & general 14% · $22K

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

16 people listed on the 990; $4K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$4,500Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Vicki O Haislip’s $4K as Executive Director is at the 4th percentile of top reported officer pay among 1612 $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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Vicki O Haislip$4,500$4,500$6,000$6,000

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 Lee County Educational Foundation 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 15aNo

Programs and updates

Enhances K-12 public school education in Lee County, NC.

Questions for Lee County Educational Foundation

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Your first name shows with your question. Lee County Educational Foundation answers here, for everyone.

Provided by the organization

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2 programs · $135K · in their own filed words · FY2024
01

Grant to lee county public schools for the mcswain team teaching awards. The top ten teaching teams in the district at each LEVEL/SUBJECT that a NC eog test is given receives the award. Over 40 teachers received monetary awards for their role on a winning team for the 2023-2024 school year.

$126Kprogram expense
02

The TSLCTF, sloan scholars, is an attempt to support homegrown teachers in lee county and to address the teacher shortages our county, along with the rest of the state, faces. It's a scholarship, in the form of a forgivable loan, available to high school seniors who attend lee county schools' high schools.

$9Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $553K · 2020–2024
Lee County Public SchoolsFY2024$125,000
Lee County Public SchoolsFY2023$50,000
Lee County Public SchoolsFY2022$69,000
Lee County Public SchoolsFY2021$150,000
Lee County Public SchoolsFY2020$150,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$384K
Ln 12
Gifts and grantsLn 1h$254K
Investment incomeLn 3$130K
Money outPt IX
$157K
Ln 25
Programscol B$135K
Managementcol C$22K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$324K
Total assetsLn 16$1.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$254K
Investment incomeLn 3$130K
Gains on assetsLn 7$91K
Total revenueLn 12$384K
Assets in detailPt X, end of year
SavingsLn 2$324K
Cash and savings togetherLn 1–2$324K
InvestmentsLn 11–13$1.5M
Total assetsLn 16$1.8M
LiabilitiesLn 26$0
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$139K$324K
InvestmentsLn 11–13$1.4M$1.5M
Total assetsLn 16$1.5M$1.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$135K$135K
Management feesLn 11a$4K$4K
Accounting feesLn 11c$69$69
Investment management feesLn 11f$12K$12K
Office expensesLn 13$424$424
Information technologyLn 14$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$310$310
Total functional expensesLn 25$157K$135K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $384K$157K$227K$1.8M 990 PDF
FY2023 $185K$214K−$29K$1.5M 990 PDF
FY2022 $130K$91K$39K$1.4M 990 PDF
FY2021 $196K$175K$21K$1.5M 990 PDF
FY2020 $104K$172K−$68K$1.4M 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 FY2024 990 (6 parts)
Part I · Summary $383,704 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $141,460$254,159
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $43,071$129,545
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $184,531$383,704
I-13 Grants and similar amounts paidPrior year $194,194$134,836
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,597$21,998
I-18 Total expensesPrior year $213,791$156,834
I-19 Revenue less expensesPrior year −$29,260$226,870
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $383,704 across 5 lines filed
VIII-1f All other contributions, gifts and grants$254,159
VIII-1h Total contributions, gifts and grants$254,159
VIII-3 Investment incomeExcluded from tax $38,660$38,660
VIII-7 Net gain or loss on sales of assetsExcluded from tax $90,885$90,885
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $129,545$383,704
Part IX · Statement of functional expenses $156,834 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $134,836$134,836
IX-11a Management feesManagement $4,500$4,500
IX-11c Accounting feesManagement $69$69
IX-11f Investment management feesManagement $12,172$12,172
IX-13 Office expensesManagement $424$424
IX-14 Information technologyManagement $3,380$3,380
IX-23 InsuranceManagement $1,143$1,143
IX-24 Other expenses (24a–d)Management $310$310
IX-25 Total functional expensesPrograms $134,836 · Management $21,998 · Fundraising $0$156,834
Part X · Balance sheet $1,782,322 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $139,019$324,193
X-3 Pledges and grants receivableStart of year $5,612$5,612
X-12 Other securitiesStart of year $1,373,930$1,452,517
X-16 Total assetsStart of year $1,518,561$1,782,322
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,518,561$1,782,322
X-33 Total liabilities and net assetsStart of year $1,518,561$1,782,322
Part XI · Reconciliation of net assets $1,782,322 net assets at year end
XI-1 Total revenue$383,704
XI-2 Total expenses$156,834
XI-3 Revenue less expenses$226,870
XI-4 Net assets at start of year$1,518,561
XI-5 Net unrealized gains (losses) on investments$36,891
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,782,322

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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