Wake County Smart Start INC FY2021 filing

Tax-deductible

Raleigh, NC501(c)(3)Since 1994EducationEIN 56-1949415

Wake county smart start works to ensure that young children, birth to 5, are prepared for success.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$465K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
5 of 5
years in the black
Looks good: no deficit in the last 5 filings.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
94%
of spending
Looks good: 94% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$465K
to officers and key staff · 2% of spending
Looks good: leaders' pay is 2% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
2 mo
of spending, in cash
Worth a look: 1.7 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
2
named funders · $9.1M
Worth a look: 2 funders name it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$296K
liabilities
Looks good: debts are 10% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
16
independent of 24 voting board members
Looks good: 16 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$20.1M
Spent
$19.6M
To programs
94%
Net assets
$2.6M
By yearFY2021–FY2025
Revenue
$20.1M
FY2021
Revenue by fiscal year
FY2021$20.1M
FY2022$19.7M
FY2023$22.9M
FY2024$25.1M
FY2025$27.9M
Expenses
$19.6M
FY2021
Expenses by fiscal year
FY2021$19.6M
FY2022$19.3M
FY2023$22.4M
FY2024$25.0M
FY2025$27.2M
Net assets
$2.6M
FY2021
Net assets by fiscal year
FY2021$2.6M
FY2022$3.0M
FY2023$3.5M
FY2024$3.6M
FY2025$4.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CWake County Smart Start INC
EINHdr · item D56-1949415
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1996
Year of formationHdr · item L1994
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CRaleigh, NC
NTEE classificationIRS BMFEducation (B210)
WebsiteHdr · item Jwww.wakesmartstart.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program services94%$18.5M
Management & general5%$976K
Fundraising1%$144K
Total functional expensesLn 25$19.6M

Financial health

Is it on solid ground?

Program efficiency
94%
of spending reaches programs
Operating runway
1.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$2.9M
FY2021
Total assets by fiscal year
FY2021$2.9M
FY2022$3.4M
FY2023$4.3M
FY2024$4.0M
FY2025$4.4M
Total liabilities
$296K
FY2021
Total liabilities by fiscal year
FY2021$296K
FY2022$392K
FY2023$797K
FY2024$401K
FY2025$200K
Revenue less expensesPt I · Ln 19$490K
Total assetsPt X · Ln 16$2.9M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1$2.8M
Total assetsLn 16$2.9M
Total liabilitiesLn 26$296K
Total net assetsLn 32$2.6M
Months of cash on handcomputed1.7

Statement of Revenue

Part VIII
Contributions & grants100%$20.1M
Program service revenue$9K
Investment income$4K
Other revenue$17K
— government grantsLn 1e$19.4M
Total revenueLn 12$20.1M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $19.6M
1.7 months
Where the money goes
Program services
Program services $18.5M · Total expenses $19.6M
94%
Management & General
Management & general $976K · Total expenses $19.6M
5%
Fundraising
Fundraising $144K · Total expenses $19.6M
0.7%
Cost to raise $1
Fundraising expense $144K · Solicited contributions $678K
$0.21 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $20.1M · Total revenue $20.1M
100%
Government reliance
Government grants $19.4M · Total revenue $20.1M
96%
Earned-income share
Program service revenue $9K · Total revenue $20.1M
0.04%
Investment reliance
Investment income $4K · Total revenue $20.1M
+0.02%
Program self-sufficiency
Program service revenue $9K · Total expenses $19.6M
0.05%
Growth & trend
Revenue growth (YoY)
This year $20.1M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20.1M · Expenses $19.6M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $2.9M
—
Net-asset ratio
Net assets $2.6M · Total assets $2.9M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gayle Headon · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $125K · Total expenses $19.6M
0.6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.4M · Total expenses $19.6M
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 5%——
Fundraising cost ratio 0.7%——
Legal fee ratio <0.01%——
Accounting fee ratio 0.03%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$125,297Pt VII · Sec A
Director of Programs Thr: 3/1/21
$121,470Pt VII · Sec A
Director of Finance
$117,325Pt VII · Sec A
Director
$100,448Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Gayle Headen’s $156K as Executive Director is at the 18th percentile of top reported officer pay among 3683 $10–100M education 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Gayle Headon—$172,449$133,966$131,037$125,297
Gayle Headen$155,915————
Gary Carr$151,239$149,291$121,111$116,957$117,325
Anna Troutman————$121,470
Carol C Orji$115,142$105,171———
Angie Welsh——$50,550$100,931$100,448
Sherry Heuser——$8,350$7,850—

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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Governance & Policies

Part VI
  • 24Voting board membersPt VI · Ln 1a
  • 16Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides early education and developmental support to children under five to ensure they are prepared for success in pre-K and kindergarten.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $18.2M of program spending, described in the organization's own filed words · FY2020.
01

NC pre-kindergarten programthe NC pre-kindergarten program is designed to provide high quality educational experiences to enhance school readiness for eligible four-year-olds. Children in pre-k attend a full school day, full school year program.

$14.0Mprogram expense
02

Family SUPPORT/HEALTH and safetywake county smart start funds family support, as well as health and safety activities that benefit families and children in wake county. Family supports include parenting skills training, ongoing parent education, family literacy initiatives, transportation, community outreach and case management.

$3.8Mprogram expense
03

Child care education and qualityin wake county, 26% percent of the birth to five population attended regulated child care. Because a child's experiences in the first five years are of such a critical nature, wake county smart start works to ensure that quality child care is both accessible and available to families who need it.

$486Kprogram 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
Total grants receivedfrom 2 funders$9.1M
Grants paid · 199 grants · $89.3M · 2020–2024
Childcare Network INCFY2024$3,082,694
Wake County Public SchoolsFY2024$2,684,556
Creative Schools INCFY2024$1,303,892
Bright Beginnings of Cary INCFY2024$1,222,922
Primary Beginnings Child DevelopmentFY2024$1,066,440
The Happy Face PreschoolFY2024$880,446
Academically Based ChildFY2024$797,586
Kids First Academy INCFY2024$759,528
Abc Land INC IIFY2024$728,374
Telamon CorporationNC · FY2024$680,820
Wake County Human ServicesFY2024$665,510
Wanda's Little Hands Educational CenterFY2024$661,730
A Safe Place Child Enrichment Center INCFY2024$588,438
Early Preschool & Learning Center LLCFY2024$559,640
Little Hands 'n' Feet Child Care Center INCFY2024$522,868
Kindercare Learning CenterFY2024$442,270
See all 199 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $27.9M$27.2M+11% 990 PDF
FY2024 $25.1M$25.0M+10% 990 PDF
FY2023 $22.9M$22.4M+17% 990 PDF
FY2022 $19.7M$19.3M-2% 990 PDF
FY2021 Viewing $20.1M$19.6M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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