The Educational Center FY2020 filing

Charlotte, NCUnknown exempt organizationEIN 43-0652626Revenue $48K in FY2020

On file with the IRSeducationalcenter.orgPo Box 11892 · Charlotte, NC

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Network of educators. The organization's mission is to equip people to become interpreters of life, able to decipher the meaning of their own experience.

93¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $61K a year · 114% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 58% of spending
Concern: pay to officers and key staff is 58% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
Spent
$119K
To programs
93%
Net assets
$351K
By yearFY2020–FY2022
Revenue
$48K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$48K
FY2021$83K
FY2022$30K
Expenses
$119K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$119K
FY2021$103K
FY2022$121K
Net assets
$351K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$351K
FY2021$304K
FY2022$213K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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% · $110K Management & general 7% · $9K

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

10 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
Educational Staff
$69,500Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
VP and Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Melissa Thomas$74,500$70,500$69,500

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 The Educational Center 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

Empowers people to understand their life experiences and find personal meaning.

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Provided by the organization

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1 program · $110K · in their own filed words · FY2020
01

Develop educational courses, purchase materials for resale to religious and education institutions, and provide consultation for such institutions.

$110Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Fees for servicesLn 2g$27K
Investment incomeLn 3$18K
Gifts and grantsLn 1h$3K
Money outPt IX
$119K
Ln 25
Programscol B$110K
Managementcol C$9K
Owns and owesPt X
$351K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$353K
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$27K
Investment incomeLn 3$18K
Gains on assetsLn 7$13K
Total revenueLn 12$48K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$16K
Cash and savings togetherLn 1–2$84K
InvestmentsLn 11–13$208K
Land, buildings, equipmentLn 10c$55K
Total assetsLn 16$353K
LiabilitiesLn 26$2K
Net assetsLn 32$351K
OperationsPt I, VI
EmployeesI 51
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$51K$84K
InvestmentsLn 11–13$308K$208K
Land, buildings, equipmentLn 10c$55K$55K
Total assetsLn 16$421K$353K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$419K$351K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$70K$70K$0$0
Pension plan contributionsLn 8$7K$7K$0$0
Other employee benefitsLn 9$12K$12K$0$0
Payroll taxesLn 10$5K$5K$0$0
Accounting feesLn 11c$6$0$6$0
Advertising and promotionLn 12$508$508$0$0
Information technologyLn 14$563$0$563$0
OccupancyLn 16$8K$4K$4K$0
Other expenses (24a–d)Ln 24$10K$10K$0$0
All other expensesLn 24e$6K$2K$4K$0
Total functional expensesLn 25$119K$110K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $30K$121K−$91K$213K 990 PDF
FY2021 $83K$103K−$20K$304K 990 PDF
FY2020 Viewing $48K$119K−$71K$351K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $47,726 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,560$3,050
I-9 Program service revenuePrior year $25,566$26,636
I-10 Investment incomePrior year $13,168$18,040
I-11 Other revenue$0
I-12 Total revenuePrior year $42,294$47,726
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,434$93,703
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $21,455$25,504
I-18 Total expensesPrior year $112,889$119,207
I-19 Revenue less expensesPrior year −$70,595−$71,481
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
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
Part VIII · Statement of revenue $47,726 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,050
VIII-1h Total contributions, gifts and grants$3,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$26,636
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$5,536
VIII-7 Net gain or loss on sales of assetsRelated to mission $12,504 · Unrelated business $0 · Excluded from tax $0$12,504
VIII-12 Total revenueRelated to mission $44,676 · Unrelated business $0 · Excluded from tax $0$47,726
Part IX · Statement of functional expenses $119,207 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $69,500 · Management $0 · Fundraising $0$69,500
IX-8 Pension plan contributionsPrograms $6,950 · Management $0 · Fundraising $0$6,950
IX-9 Other employee benefitsPrograms $11,897 · Management $0 · Fundraising $0$11,897
IX-10 Payroll taxesPrograms $5,356 · Management $0 · Fundraising $0$5,356
IX-11c Accounting feesPrograms $0 · Management $6 · Fundraising $0$6
IX-12 Advertising and promotionPrograms $508 · Management $0 · Fundraising $0$508
IX-14 Information technologyPrograms $0 · Management $563 · Fundraising $0$563
IX-16 OccupancyPrograms $4,230 · Management $4,230 · Fundraising $0$8,460
IX-24 Other expenses (24a–d)Programs $10,143 · Management $0 · Fundraising $0$10,143
IX-24e All other expensesPrograms $1,835 · Management $3,989 · Fundraising $0$5,824
IX-25 Total functional expensesPrograms $110,419 · Management $8,788 · Fundraising $0$119,207
Part X · Balance sheet $352,942 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $33,688$68,331
X-2 Savings and temporary cash investmentsStart of year $17,185$15,970
X-8 Inventories for sale or useStart of year $5,057$5,057
X-10c Land, buildings and equipment, netStart of year $55,200$55,200
X-11 Publicly traded securitiesStart of year $308,078$208,384
X-16 Total assetsStart of year $421,043$352,942
X-17 Accounts payable and accrued expensesStart of year $2,420$1,748
X-26 Total liabilitiesStart of year $2,420$1,748
X-27 Net assets without donor restrictionsStart of year $93,360$126,840
X-28 Net assets with donor restrictionsStart of year $325,263$224,354
X-32 Total net assets or fund balancesStart of year $418,623$351,194
X-33 Total liabilities and net assetsStart of year $421,043$352,942
Part XI · Reconciliation of net assets $351,194 net assets at year end
XI-1 Total revenue$47,726
XI-2 Total expenses$119,207
XI-3 Revenue less expenses−$71,481
XI-4 Net assets at start of year$418,623
XI-10 Net assets at end of year$351,194

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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