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Bertie Educational Foundation INC FY2023 filing

Tax-deductible

Merry Hill, NC501(c)(3)EducationEIN 56-0905835Revenue $2.0M in FY2023

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.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
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
$410K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
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
$2.0M
+11% vs prior year
Spent
$1.6M
To programs
72%
Net assets
$997K
By yearFY2020–FY2025
Revenue
$2.0M
FY2023▲ +11%
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
$1.6M
FY2023▲ +13%
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
$997K
FY2023▲ +54%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

72 cents of each dollar spent went to programs.

Program services 72% · $1.2M Management & general 25% · $406K Fundraising 3% · $51K

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 (FY2022); the FY2023 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 · $1.2M · in their own filed words · FY2022
01

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

$992Kprogram expense
02

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

$171Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$189K
Investment incomeLn 3$389
Money outPt IX
$1.6M
Ln 25
Programscol B$1.2M
Managementcol C$406K
Fundraisingcol D$51K
Owns and owesPt X
$997K
net assets · Ln 32
Cash and savingsLn 1–2$881K
Total assetsLn 16$1.4M
LiabilitiesLn 26$410K
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$189K
Fundraising eventsLn 1c$134K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$389
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$463K
SavingsLn 2$418K
Cash and savings togetherLn 1–2$881K
Land, buildings, equipmentLn 10c$509K
Total assetsLn 16$1.4M
LiabilitiesLn 26$410K
Net assetsLn 32$997K
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 FY23End FY23
Cash and savingsLn 1–2$648K$881K
Land, buildings, equipmentLn 10c$429K$509K
Total assetsLn 16$1.1M$1.4M
LiabilitiesLn 26$452K$410K
Net assetsLn 32$646K$997K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$776K$668K$108K
Pension plan contributionsLn 8$458$458
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$70K$70K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$24K$24K
Information technologyLn 14$20K$20K
OccupancyLn 16$162K$162K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$42K$41K$710
InsuranceLn 23$41K$41K
Other expenses (24a–d)Ln 24$337K$337K
All other expensesLn 24e$125K$42K$32K$51K
Total functional expensesLn 25$1.6M$1.2M$406K$51K

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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $1,970,077 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $280,779$189,479
I-9 Program service revenuePrior year $1,490,230$1,780,209
I-10 Investment incomePrior year $41$389
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,771,050$1,970,077
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 $814,471$851,595
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $614,691$768,411
I-18 Total expensesPrior year $1,429,162$1,620,006
I-19 Revenue less expensesPrior year $341,888$350,071
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 $1,970,077 across 7 lines filed
Lines not itemized here account for $124,481 of total revenue; see the IRS return.
VIII-1c Fundraising events$134,363
VIII-1f All other contributions, gifts and grants$55,116
VIII-1h Total contributions, gifts and grants$189,479
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $1,655,728$1,655,728
VIII-3 Investment incomeExcluded from tax $389$389
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,780,598$1,970,077
Part IX · Statement of functional expenses $1,620,006 across 14 lines filed
IX-7 Other salaries and wagesPrograms $668,243 · Management $108,130$776,373
IX-8 Pension plan contributionsManagement $458$458
IX-9 Other employee benefitsPrograms $4,836$4,836
IX-10 Payroll taxesPrograms $69,928$69,928
IX-11c Accounting feesManagement $6,470$6,470
IX-12 Advertising and promotionManagement $2,770$2,770
IX-13 Office expensesManagement $24,223$24,223
IX-14 Information technologyManagement $19,867$19,867
IX-16 OccupancyManagement $161,850$161,850
IX-20 InterestManagement $8,594$8,594
IX-22 Depreciation, depletion and amortizationPrograms $41,005 · Management $710$41,715
IX-23 InsuranceManagement $40,846$40,846
IX-24 Other expenses (24a–d)Programs $336,955$336,955
IX-24e All other expensesPrograms $41,779 · Management $31,874 · Fundraising $51,468$125,121
IX-25 Total functional expensesPrograms $1,162,746 · Management $405,792 · Fundraising $51,468$1,620,006
Part X · Balance sheet $1,406,525 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $239,132$462,874
X-2 Savings and temporary cash investmentsStart of year $408,662$418,251
X-4 Accounts receivableStart of year $19,083$14,958
X-10c Land, buildings and equipment, netStart of year $428,624$508,668
X-14 Intangible assetsStart of year $2,484$1,774
X-16 Total assetsStart of year $1,097,985$1,406,525
X-17 Accounts payable and accrued expensesStart of year $7,862$9,261
X-19 Deferred revenueStart of year $130,558$118,258
X-26 Total liabilitiesStart of year $451,716$409,650
X-27 Net assets without donor restrictionsStart of year $646,269$996,875
X-32 Total net assets or fund balancesStart of year $646,269$996,875
X-33 Total liabilities and net assetsStart of year $1,097,985$1,406,525
Part XI · Reconciliation of net assets $996,875 net assets at year end
XI-1 Total revenue$1,970,077
XI-2 Total expenses$1,620,006
XI-3 Revenue less expenses$350,071
XI-4 Net assets at start of year$646,269
XI-9 Other changes in net assets$535
XI-10 Net assets at end of year$996,875

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

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