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Bertie Educational Foundation INC FY2020 filing

Tax-deductible

Merry Hill, NC501(c)(3)EducationEIN 56-0905835Revenue $1.4M in FY2020

On file with the IRSlawrenceacademy.orgPo Box 70, 27957-0070 · Merry Hill, NCTax-exempt since Nov 1968School — 170(b)(1)(A)(ii)

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Lawrence Academy exists for the sole purpose of providing students with excellent teachers and coaches so students have the opportunities and challanges to maximize their educational experience.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 $348K a year · 18% 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $31K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$679K
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.4M
To programs
75%
Net assets
$51K
By yearFY2020–FY2025
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.8M
FY2023$2.0M
FY2024$2.2M
FY2025$2.5M
Expenses
$1.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.4M
FY2023$1.6M
FY2024$1.7M
FY2025$1.9M
Net assets
$51K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$51K
FY2021$306K
FY2022$646K
FY2023$997K
FY2024$1.4M
FY2025$2.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1968.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $1.0M Management & general 24% · $331K Fundraising 1% · $14K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Alissa Cale
Secretary
$0Pt VII · Sec A
Jonathan Lundy
Board Member
$0Pt VII · Sec A
Lloyd Jones
Treasurer
$0Pt VII · Sec A
Lyman Harrell
Board Member
$0Pt VII · Sec A
Brad Brown
Board Member
$0Pt VII · Sec A
Kerna Reynolds
Board Member
$0Pt VII · Sec A
See Bertie Educational 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 15aNo

Programs and updates

Provides students with excellent teachers and coaches to maximize their educational experience.

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Provided by the organization

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2 programs · $1.0M · in their own filed words · FY2019
01

Academic programs for kindergarten through 12th grade for Approximately 208 students.

$953Kprogram expense
02

Student activities such as athletics, cheerleading, Beta Club, student council, yearbook, PTO, library, trips, etc.

$74Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Southern Bank FoundationFY2024$25K
Raymond James Charitable Endowment FundFY2024$6K
Total grants receivedfrom 2 funders$31K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$90K
Investment incomeLn 3$76
Money outPt IX
$1.4M
Ln 25
Programscol B$1.0M
Managementcol C$331K
Fundraisingcol D$14K
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$232K
Total assetsLn 16$730K
LiabilitiesLn 26$679K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90K
Fundraising eventsLn 1c$44K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$76
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$149K
Cash and savings togetherLn 1–2$232K
Land, buildings, equipmentLn 10c$484K
Total assetsLn 16$730K
LiabilitiesLn 26$679K
Net assetsLn 32$51K
OperationsPt I, VI
EmployeesI 555
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$35K$232K
Land, buildings, equipmentLn 10c$514K$484K
Total assetsLn 16$604K$730K
LiabilitiesLn 26$626K$679K
Net assetsLn 32−$22K$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$814K$712K$102K
Pension plan contributionsLn 8$911$911
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$67K$58K$8K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$139$139
Office expensesLn 13$26K$26K
Information technologyLn 14$6K$6K
OccupancyLn 16$106K$106K
TravelLn 17$750$750
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$31K$30K$1K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$188K$188K
All other expensesLn 24e$83K$34K$36K$14K
Total functional expensesLn 25$1.4M$1.0M$331K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$1.9M$621K$2.0M 990 PDF
FY2024 $2.2M$1.7M$445K$1.4M 990 PDF
FY2023 $2.0M$1.6M$350K$997K 990 PDF
FY2022 $1.8M$1.4M$342K$646K 990 PDF
FY2021 $1.5M$1.3M$255K$306K 990 PDF
FY2020 Viewing $1.4M$1.4M$73K$51K 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 $1,443,456 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,190$90,291
I-9 Program service revenuePrior year $1,466,046$1,353,089
I-10 Investment incomePrior year $34$76
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,602,270$1,443,456
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $843,475$885,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $488,177$485,153
I-18 Total expensesPrior year $1,331,652$1,370,630
I-19 Revenue less expensesPrior year $270,618$72,826
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,443,456 across 7 lines filed
Lines not itemized here account for $134,087 of total revenue; see the IRS return.
VIII-1c Fundraising events$44,029
VIII-1f All other contributions, gifts and grants$46,262
VIII-1h Total contributions, gifts and grants$90,291
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $1,219,002$1,219,002
VIII-3 Investment incomeExcluded from tax $76$76
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,353,165$1,443,456
Part IX · Statement of functional expenses $1,370,630 across 15 lines filed
IX-7 Other salaries and wagesPrograms $711,994 · Management $102,055$814,049
IX-8 Pension plan contributionsManagement $911$911
IX-9 Other employee benefitsPrograms $3,952$3,952
IX-10 Payroll taxesPrograms $58,220 · Management $8,345$66,565
IX-11c Accounting feesManagement $3,123$3,123
IX-12 Advertising and promotionManagement $139$139
IX-13 Office expensesManagement $26,043$26,043
IX-14 Information technologyManagement $5,877$5,877
IX-16 OccupancyManagement $106,175$106,175
IX-17 TravelManagement $750$750
IX-20 InterestManagement $13,707$13,707
IX-22 Depreciation, depletion and amortizationPrograms $30,166 · Management $1,315$31,481
IX-23 InsuranceManagement $26,100$26,100
IX-24 Other expenses (24a–d)Programs $188,325$188,325
IX-24e All other expensesPrograms $33,800 · Management $35,993 · Fundraising $13,640$83,433
IX-25 Total functional expensesPrograms $1,026,457 · Management $330,533 · Fundraising $13,640$1,370,630
Part X · Balance sheet $729,741 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $14,589$82,628
X-2 Savings and temporary cash investmentsStart of year $20,825$148,990
X-4 Accounts receivableStart of year $53,262$13,785
X-10c Land, buildings and equipment, netStart of year $513,957$483,791
X-14 Intangible assetsStart of year $1,862$547
X-16 Total assetsStart of year $604,495$729,741
X-17 Accounts payable and accrued expensesStart of year $14,611$10,056
X-19 Deferred revenueStart of year $192,983$225,735
X-26 Total liabilitiesStart of year $626,398$678,817
X-27 Net assets without donor restrictionsStart of year −$21,903$50,924
X-32 Total net assets or fund balancesStart of year −$21,903$50,924
X-33 Total liabilities and net assetsStart of year $604,495$729,741
Part XI · Reconciliation of net assets $50,924 net assets at year end
XI-1 Total revenue$1,443,456
XI-2 Total expenses$1,370,630
XI-3 Revenue less expenses$72,826
XI-4 Net assets at start of year−$21,903
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$50,924

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

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