Pitt County Educational Foundation INC

Tax-deductible

Greenville, NC501(c)(3)EIN 56-1540991

Transforming our community through excellence in pitt county public education.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 75 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 $27K a year · 9% 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $64K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$232K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$366K
+18% vs prior year
Spent
$376K
To programs
93%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$366K
FY2024▲ +18%
Revenue by fiscal year
FY2020$283K
FY2021$262K
FY2022$269K
FY2023$311K
FY2024$366K
Expenses
$376K
FY2024▲ +29%
Expenses by fiscal year
FY2020$215K
FY2021$174K
FY2022$303K
FY2023$290K
FY2024$376K
Net assets
$1.2M
FY2024▲ +3%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1987.

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% · $349K Management & general 7% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation
Pcs Superint
$0Pt VII · Sec A
Pcs Superint
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Teacher of T
$0Pt VII · Sec A
Vice-Chairma
$0Pt VII · Sec A
See Pitt County 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

Improving public education in Pitt County to strengthen the community.

Provided by the organization

This section is blank until Pitt County Educational Foundation INC claims this page.

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3 program services account for $349K of program spending, described in the organization's own filed words · FY2024.
01

Pitt county educational foundation, inc. Awards numerous scholarships to students of pitt county schools each year to assist with higher educational endeavors. The foundation also provides various awards for student recognitions.

$197Kprogram expense
02

The foundation assists other AGENCIES/ORGANIZATIONS which are established to enhance the quality of education provided by pitt county schools.

$79Kprogram expense
03

Pitt county educational foundation, inc. Provides for the advancement of TEACHER/EDUCATOR initiatives through interaction with local businesses, mini-grant funding, training, awards and recognitions, etc.

$74Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 28 grants · $430K · 2020–2024
Unitemized GrantFY2024$64,186
Unitemized GrantFY2024$18,883
Unitemized GrantFY2024$3,837
Unitemized GrantFY2024$2,075
Unitemized GrantFY2024$406
Unitemized GrantFY2023$72,222
Unitemized GrantFY2023$5,302
Unitemized GrantFY2023$4,181
Unitemized GrantFY2023$1,750
Unitemized GrantFY2023$425
Unitemized GrantFY2022$67,540
Unitemized GrantFY2022$4,764
Unitemized GrantFY2022$3,368
Unitemized GrantFY2022$500
Unitemized GrantFY2022$375
Unitemized GrantFY2021$65,936
Unitemized GrantFY2021$10,000
Unitemized GrantFY2021$5,675
See all 28 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$366K
Ln 12
Gifts and grantsLn 1h$293K
Investment incomeLn 3$46K
Fees for servicesLn 2g$24K
Money outPt IX
$376K
Ln 25
Programscol B$349K
Managementcol C$27K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$606K
Total assetsLn 16$1.4M
LiabilitiesLn 26$232K
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$293K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$24K
Investment incomeLn 3$46K
Other incomeLn 4–11$3K
Total revenueLn 12$366K
Assets in detailPt X, end of year
CashLn 1$137K
SavingsLn 2$469K
Cash and savings togetherLn 1–2$606K
InvestmentsLn 11–13$793K
Total assetsLn 16$1.4M
LiabilitiesLn 26$232K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
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 FY24End FY24
Cash and savingsLn 1–2$445K$606K
InvestmentsLn 11–13$808K$793K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$127K$232K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Grants to domestic individualsLn 2$89K$89K
Accounting feesLn 11c$15K$15K
Investment management feesLn 11f$3K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$1$1
TravelLn 17$60K$59K$647
Conferences, conventions and meetingsLn 19$11K$11K
Other expenses (24a–d)Ln 24$144K$144K
All other expensesLn 24e$14K$6K$8K
Total functional expensesLn 25$376K$349K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $366K$376K−$10K$1.2M 990 PDF
FY2023 $311K$290K$21K$1.1M 990 PDF
FY2022 $269K$303K−$35K$1.0M 990 PDF
FY2021 $262K$174K$88K$1.1M 990 PDF
FY2020 $283K$215K$69K$1.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $366,328 across 10 lines filed
VIII-1a Federated campaigns$2,856
VIII-1c Fundraising events$2,373
VIII-1d Related organizations$84,797
VIII-1f All other contributions, gifts and grants$203,197
VIII-1g Noncash contributions (included above)$16,005
VIII-1h Total contributions, gifts and grants$293,223
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,920$23,920
VIII-3 Investment incomeExcluded from tax $45,971$45,971
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,214$3,214
VIII-12 Total revenueRelated to mission $27,134 · Excluded from tax $45,971$366,328
Part IX · Statement of functional expenses $375,846 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $37,719$37,719
IX-2 Grants to domestic individualsPrograms $89,387$89,387
IX-11c Accounting feesManagement $14,955$14,955
IX-11f Investment management feesManagement $3,154$3,154
IX-12 Advertising and promotionPrograms $2,676$2,676
IX-13 Office expensesManagement $1$1
IX-17 TravelPrograms $58,864 · Management $647$59,511
IX-19 Conferences, conventions and meetingsPrograms $11,189$11,189
IX-24 Other expenses (24a–d)Programs $143,628$143,628
IX-24e All other expensesPrograms $5,775 · Management $7,851$13,626
IX-25 Total functional expensesPrograms $349,238 · Management $26,608 · Fundraising $0$375,846
Part X · Balance sheet $1,398,507 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $18,750$136,907
X-2 Savings and temporary cash investmentsStart of year $425,758$468,947
X-11 Publicly traded securitiesStart of year $306,180$347,303
X-12 Other securitiesStart of year $501,688$445,350
X-16 Total assetsStart of year $1,254,416$1,398,507
X-17 Accounts payable and accrued expensesStart of year $127,245$232,170
X-26 Total liabilitiesStart of year $127,245$232,170
X-27 Net assets without donor restrictionsStart of year $76,005$155,453
X-28 Net assets with donor restrictionsStart of year $1,051,166$1,010,884
X-32 Total net assets or fund balancesStart of year $1,127,171$1,166,337
X-33 Total liabilities and net assetsStart of year $1,254,416$1,398,507
Part XI · Reconciliation of net assets $1,166,337 net assets at year end
XI-1 Total revenue$366,328
XI-2 Total expenses$375,846
XI-3 Revenue less expenses−$9,518
XI-4 Net assets at start of year$1,127,171
XI-9 Other changes in net assets$48,684
XI-10 Net assets at end of year$1,166,337

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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