Southeast Raleigh Community Learning Center INC EIN 46-1378079

Southeast Raleigh Community Learning Center INC

EIN  46-1378079 Public charity (501(c)(3)) Raleigh, NC Founded 2016
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Builds partnerships to improve learning environments for youth and families in Southeast Raleigh.
Leadership
Wanda M McCargo · Executive Director
Money in and out
$28K revenue, $11K expenses
Bottom line
36% program efficiency

Builds partnerships to improve learning environments for youth and families in Southeast Raleigh. For fiscal year 2025 it reported $28K in revenue, $11K in expenses, and $25K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$28K
Pt VIII · Ln 12
Total expenses
$11K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $17K
Where spending went · Part IX cols B–D
Program services $0.36 Management & general $0.64
Program efficiency
36%
of spending reaches programs▼ -48% vs prior filing year
Operating runway
27.8mo
months of highly liquid reserves at operating expense rate▲ ×12 vs prior filing year
Surplus margin
+61%
revenue over expenses, this year▲ +264% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$28K
FY2025▼ -91%
Expenses
$11K
FY2025▼ -96%
Total assets
$25K
FY2025▼ -52%
Total liabilities
$0
FY2025
Total revenue
$28K
Pt VIII · Ln 12
Total expenses
$11K
Pt IX · Ln 25
Net assets
$25K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$25K
Program-expense ratioPt IX · col B36%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2025.
01

Provided afterschool instructional support designed to continue the learning experience. Primary focus on underserved at-risk students - professional education support staff

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSoutheast Raleigh Community Learning Center INC
EINHdr · item D46-1378079
Principal addressHdr · item CRaleigh, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2016
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFMay 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Wanda M McCargo’s $16K as Executive Director is at the 49th percentile of top reported officer pay among 113 <$100K youth development 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
Wanda M McCargo$16,500$21,198$21,919$21,581
Tracey Gregg$14,680

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.

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Statement of Revenue

Part VIII
Contributions & grants$20K · 71%
Investment income$8K · 29%
Contributions & grants71%$20K
Investment income29%$8K
— government grantsLn 1e$20K
Total revenueLn 12$28K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.36 Management & general $0.64
Program services36%$4K
Management & general64%$7K
Total functional expensesLn 25$11K

Balance Sheet

Part X · end of year
CashLn 1$25K
Total assetsLn 16$25K
Total liabilitiesLn 26$0
Total net assetsLn 32$25K
Months of cash on handcomputed27.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $25K · Operating expenses/yr $11K
27.8 months
Where the money goes
Program services
Program services $4K · Total expenses $11K
36%
Management & General
Management & general $7K · Total expenses $11K
64%
Fundraising
Fundraising $0 · Total expenses $11K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $20K · Total revenue $28K
71%
Government reliance
Government grants $20K · Total revenue $28K
71%
Earned-income share
Program service revenue $0 · Total revenue $28K
0%
Investment reliance
Investment income $8K · Total revenue $28K
+29%
Program self-sufficiency
Program service revenue $0 · Total expenses $11K
0%
Growth & trend
Revenue growth (YoY)
This year $28K · Prior year $315K
-91%
Revenue CAGR
FY2020 $236K · FY2025 $28K
-35%
Net-asset trend (YoY)
End of year $25K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $28K · Expenses $11K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $25K
Net-asset ratio
Net assets $25K · Total assets $25K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $25K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Wanda M McCargo · Reported title Executive Director · Highest reported compensation $0 · Total expenses $11K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6K · Total expenses $11K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 36%
Overhead ratio 64%
Revenue growth -91%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$28K revenue · viewing · ⤓ 990 PDF
FY2024$315K revenue · ⤓ 990 PDF
FY2023$315K revenue · ⤓ 990 PDF
FY2022$261K revenue · ⤓ 990 PDF
FY2021$312K revenue · ⤓ 990 PDF
FY2020$236K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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