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.
91¢ 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

FY2023 · 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
91%
of spending
Looks good: 91% 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 · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $1.4M in investments, Pt X · Ln 11–13
Looks good: 7.8 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
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185K
+41% vs prior year
Spent
$214K
To programs
91%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$185K
FY2023▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$104K
FY2021$196K
FY2022$130K
FY2023$185K
FY2024$384K
Expenses
$214K
FY2023▲ +134%
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$175K
FY2022$91K
FY2023$214K
FY2024$157K
Net assets
$1.5M
FY2023▲ +12%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

91 cents of each dollar spent went to programs.

Program services 91% · $194K Management & general 9% · $20K

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

17 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.

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Provided by the organization

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2 programs · $194K · in their own filed words · FY2023
01

The durable skills project was provided to approximately 120 students at each of the three traditional middle schools in lee county. It was a combined project with boys and girls club of lee county, lee county schools, and the lee county education foundation.

$143Kprogram expense
02

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 2022-2023 school year.

$51Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$185K
Ln 12
Gifts and grantsLn 1h$141K
Investment incomeLn 3$43K
Money outPt IX
$214K
Ln 25
Programscol B$194K
Managementcol C$20K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$139K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Investment incomeLn 3$43K
Gains on assetsLn 7$10K
Total revenueLn 12$185K
Assets in detailPt X, end of year
SavingsLn 2$139K
Cash and savings togetherLn 1–2$139K
InvestmentsLn 11–13$1.4M
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
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 FY23End FY23
Cash and savingsLn 1–2$130K$139K
InvestmentsLn 11–13$1.2M$1.4M
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$194K$194K
Management feesLn 11a$4K$4K
Investment management feesLn 11f$8K$8K
Office expensesLn 13$873$873
Information technologyLn 14$5K$5K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$313$313
Total functional expensesLn 25$214K$194K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $384K$157K$227K$1.8M 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $184,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $159,550$141,460
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$29,087$43,071
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $130,463$184,531
I-13 Grants and similar amounts paidPrior year $70,112$194,194
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 $21,182$19,597
I-18 Total expensesPrior year $91,294$213,791
I-19 Revenue less expensesPrior year $39,169−$29,260
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $184,531 across 5 lines filed
VIII-1f All other contributions, gifts and grants$141,460
VIII-1h Total contributions, gifts and grants$141,460
VIII-3 Investment incomeExcluded from tax $33,344$33,344
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,727$9,727
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $43,071$184,531
Part IX · Statement of functional expenses $213,791 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $194,194$194,194
IX-11a Management feesManagement $4,500$4,500
IX-11f Investment management feesManagement $8,230$8,230
IX-13 Office expensesManagement $873$873
IX-14 Information technologyManagement $4,538$4,538
IX-23 InsuranceManagement $1,143$1,143
IX-24 Other expenses (24a–d)Management $313$313
IX-25 Total functional expensesPrograms $194,194 · Management $19,597 · Fundraising $0$213,791
Part X · Balance sheet $1,518,561 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $129,581$139,019
X-3 Pledges and grants receivableStart of year $5,612$5,612
X-12 Other securitiesStart of year $1,221,416$1,373,930
X-16 Total assetsStart of year $1,356,609$1,518,561
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,356,609$1,518,561
X-33 Total liabilities and net assetsStart of year $1,356,609$1,518,561
Part XI · Reconciliation of net assets $1,518,561 net assets at year end
XI-1 Total revenue$184,531
XI-2 Total expenses$213,791
XI-3 Revenue less expenses−$29,260
XI-4 Net assets at start of year$1,356,609
XI-5 Net unrealized gains (losses) on investments$191,212
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,518,561

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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