Wake Education Partnership

Tax-deductible

Raleigh, NC501(c)(3)Since 1983EducationEIN 58-1518182Revenue $1.8M in FY2025

On file with the IRSwakeed.org1816 Capital Blvd, 27604-2145 · Raleigh, NCTax-exempt since Sep 1983Publicly supported charity — 170(b)(1)(A)(vi)

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To engage, inform, and mobilize the business community and community-at-large in collaboration with the Wake county public school system to provide every student with excellent educational opportunities, highly effective teachers, and strong leaders.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 1,200 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
1 of 5
filings with a surplus
Average deficit $51K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$169K
to officers and key staff · 9% of spending
Top officer’s pay higher than 73% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $284K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$396K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
37
of 38 voting members
Looks good: 37 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-7% vs prior year
Spent
$2.0M
To programs
68%
Net assets
$3.3M
By yearFY2021–FY2025
Revenue
$1.8M
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$538K
FY2022$589K
FY2023$1.2M
FY2024$2.0M
FY2025$1.8M
Expenses
$2.0M
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2021$658K
FY2022$849K
FY2023$1.3M
FY2024$1.6M
FY2025$2.0M
Net assets
$3.3M
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.3M
FY2022$3.0M
FY2023$2.9M
FY2024$3.4M
FY2025$3.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1983.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.3M Management & general 27% · $535K Fundraising 5% · $97K

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

38 people listed on the 990; $169K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$168,860Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Keith Poston’s $169K as President is at the 73rd percentile of top reported officer pay among 3395 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Keith Poston$168,860$162,199$148,687$137,546$112,781

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.

See Wake Education Partnership 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 15aYes

Programs and updates

Connects businesses and communities to create excellent schools in Wake County.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2024
01

Wakeed partnership's TOOLS4SCHOOLS store provides free classroom supplies for the nearly 11,000 teachers in the wake county public school system to ensure that all students have the supplies they need to focus on learning.

$1.0Mprogram expense
02

The coach bob pittard scholarship fund is available to those graduating seniors from apex high school and green hope high school, located in wake county who, during their high school years, earned a varsity letter for participation in a full season in a varsity sport.

$292Kprogram expense
03

Events

$12Kprogram expense

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 15 funders →
Grants paid · 5 grants · $775K · 2020–2024
Unitemized GrantFY2024$87,500
Unitemized GrantFY2023$175,000
Unitemized GrantFY2022$175,000
Unitemized GrantFY2021$175,000
Unitemized GrantFY2020$162,500

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$361K
Other incomeLn 4–11$88K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.3M
Managementcol C$535K
Fundraisingcol D$97K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$144K
Total assetsLn 16$3.7M
LiabilitiesLn 26$396K
PeoplePt VI, VII
38
listed · VII A
PaidVII A1
Voting boardVI 1a38
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$361K
Other incomeLn 4–11$88K
Gains on assetsLn 7$241K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$118K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$144K
InvestmentsLn 11–13$3.0M
Land, buildings, equipmentLn 10c$302K
Other assetsLn 15$20K
Total assetsLn 16$3.7M
LiabilitiesLn 26$396K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 59
VolunteersI 61,200
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$296K$144K
InvestmentsLn 11–13$2.9M$3.0M
Land, buildings, equipmentLn 10c$339K$302K
Total assetsLn 16$3.8M$3.7M
LiabilitiesLn 26$356K$396K
Net assetsLn 32$3.4M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$330K$330K
Pay of current officers, directors and key staffLn 5$169K$84K$68K$17K
Other salaries and wagesLn 7$422K$267K$79K$75K
Other employee benefitsLn 9$95K$19K$72K$5K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$309K$147K$162K
Office expensesLn 13$21K$1K$20K
OccupancyLn 16$102$102
TravelLn 17$9K$3K$5K
Conferences, conventions and meetingsLn 19$28K$10K$18K$66
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$47K$47K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$493K$460K$33K
All other expensesLn 24e$5K$2K$3K
Total functional expensesLn 25$2.0M$1.3M$535K$97K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.8M$2.0M−$135K$3.3M 990 PDF
FY2024 $2.0M$1.6M$347K$3.4M 990 PDF
FY2023 $1.2M$1.3M−$86K$2.9M 990 PDF
FY2022 $589K$849K−$260K$3.0M 990 PDF
FY2021 $538K$658K−$121K$3.3M 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 FY2025 990 (6 parts)
Part I · Summary $1,820,694 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,656,448$1,371,630
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $294,759$360,895
I-11 Other revenuePrior year $762$88,169
I-12 Total revenuePrior year $1,951,969$1,820,694
I-13 Grants and similar amounts paidPrior year $273,391$330,215
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $702,748$686,136
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $629,069$939,675
I-18 Total expensesPrior year $1,605,208$1,956,026
I-19 Revenue less expensesPrior year $346,761−$135,332
Part VI · Governance 37 of 38 board members independent, no flags
VI-1a Voting members of the governing body38
VI-1b Independent voting members37
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,820,694 across 7 lines filed
VIII-1f All other contributions, gifts and grants$1,371,630
VIII-1h Total contributions, gifts and grants$1,371,630
VIII-3 Investment incomeExcluded from tax $120,043$120,043
VIII-7 Net gain or loss on sales of assetsRelated to mission $240,852$240,852
VIII-8 Net income from fundraising eventsExcluded from tax $26,337$26,337
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $61,832$61,832
VIII-12 Total revenueRelated to mission $302,684 · Unrelated business $0 · Excluded from tax $146,380$1,820,694
Part IX · Statement of functional expenses $1,956,026 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $330,215$330,215
IX-5 Pay of current officers, directors and key staffPrograms $84,430 · Management $67,544 · Fundraising $16,886$168,860
IX-7 Other salaries and wagesPrograms $267,380 · Management $79,355 · Fundraising $75,364$422,099
IX-9 Other employee benefitsPrograms $18,651 · Management $71,954 · Fundraising $4,572$95,177
IX-11f Investment management feesManagement $14,702$14,702
IX-11g Other fees for servicesPrograms $147,068 · Management $162,327$309,395
IX-13 Office expensesPrograms $1,042 · Management $20,219$21,261
IX-16 OccupancyManagement $102$102
IX-17 TravelPrograms $3,152 · Management $5,356$8,508
IX-19 Conferences, conventions and meetingsPrograms $9,876 · Management $18,330 · Fundraising $66$28,272
IX-20 InterestManagement $3,578$3,578
IX-22 Depreciation, depletion and amortizationManagement $46,999$46,999
IX-23 InsuranceManagement $8,837$8,837
IX-24 Other expenses (24a–d)Programs $459,648 · Management $33,118$492,766
IX-24e All other expensesPrograms $2,434 · Management $2,821$5,255
IX-25 Total functional expensesPrograms $1,323,896 · Management $535,242 · Fundraising $96,888$1,956,026
Part X · Balance sheet $3,686,401 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $269,300$117,808
X-2 Savings and temporary cash investmentsStart of year $26,662$26,343
X-3 Pledges and grants receivableStart of year $97,570$86,007
X-8 Inventories for sale or useStart of year $153,257$130,808
X-9 Prepaid expenses and deferred chargesStart of year $31,562$17,471
X-10c Land, buildings and equipment, netStart of year $339,188$302,243
X-11 Publicly traded securitiesStart of year $2,859,700$2,985,750
X-15 Other assetsStart of year $4,127$19,971
X-16 Total assetsStart of year $3,781,366$3,686,401
X-17 Accounts payable and accrued expensesStart of year $246,073$351,049
X-19 Deferred revenueStart of year $26,250$36,500
X-25 Other liabilitiesStart of year $80,478$8,652
X-26 Total liabilitiesStart of year $355,834$396,201
X-27 Net assets without donor restrictionsStart of year −$197,477−$762,418
X-28 Net assets with donor restrictionsStart of year $3,623,009$4,052,618
X-32 Total net assets or fund balancesStart of year $3,425,532$3,290,200
X-33 Total liabilities and net assetsStart of year $3,781,366$3,686,401
Part XI · Reconciliation of net assets $3,290,200 net assets at year end
XI-1 Total revenue$1,820,694
XI-2 Total expenses$1,956,026
XI-3 Revenue less expenses−$135,332
XI-4 Net assets at start of year$3,425,532
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,290,200

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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