Wake Education Partnership FY2021 filing

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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.
74¢ of each $1 spent went to programs.
$113K 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
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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$113K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $3.1M in investments, Pt X · Ln 11–13
Looks good: 4.9 months of spending in cash; 3 or more.
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
$187K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 31 voting members
Looks good: 30 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$538K
Spent
$658K
To programs
74%
Net assets
$3.3M
By yearFY2021–FY2025
Revenue
$538K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$538K
FY2022$589K
FY2023$1.2M
FY2024$2.0M
FY2025$1.8M
Expenses
$658K
FY2021
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
FY2021
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 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) →

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

74 cents of each dollar spent went to programs.

Program services 74% · $486K Management & general 17% · $114K Fundraising 9% · $58K

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

32 people listed on the 990; $113K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$112,781Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 →

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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3 programs · $429K · in their own filed words · FY2020
01

Programs

Wakeed partnership works closely with the school district, business partners, and community leaders to help coordinate efforts and provide resources to improve early literacy skills. The organization helps teachers expand their horizons and be better equipped to prepare students for careers of tomorrow.

$193Kprogram expense
02

Grants

Grants recognize, honor and award funding that incentivizes innovative classroom instruction and collaboration among and across subject areas and grade levels. These grants provide a foundation for establishing best educational practices that can be replicated systemically in wake county.

$178Kprogram expense
03

Communications & Community Outreach

A significant role of wakeed is to inform the public, business leaders and elected officials about what works in schools and classrooms to promote academic growth. We also provide clear, independent commentary and review of education policy issues.

$58Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$538K
Ln 12
Gifts and grantsLn 1h$520K
Investment incomeLn 3$82K
Other incomeLn 4–11$17K
Money outPt IX
$658K
Ln 25
Programscol B$486K
Managementcol C$114K
Fundraisingcol D$58K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$3.5M
LiabilitiesLn 26$187K
PeoplePt VI, VII
32
listed · VII A
PaidVII A1
Voting boardVI 1a31
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$520K
Fundraising eventsLn 1c$67K
Investment incomeLn 3$82K
Other incomeLn 4–11$17K
Gains on assetsLn 7−$145K
Total revenueLn 12$538K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$236K
Cash and savings togetherLn 1–2$271K
InvestmentsLn 11–13$3.1M
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$2K
Total assetsLn 16$3.5M
LiabilitiesLn 26$187K
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
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$2.9M$2.9M$2.5M$2.5M$2.5M
Given inLn 1b$414K$2.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$103K$271K
InvestmentsLn 11–13$2.7M$3.1M
Land, buildings, equipmentLn 10c$13K$9K
Total assetsLn 16$2.8M$3.5M
LiabilitiesLn 26$239K$187K
Net assetsLn 32$2.6M$3.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$162K$162K
Pay of current officers, directors and key staffLn 5$113K$62K$23K$28K
Other salaries and wagesLn 7$157K$112K$41K$5K
Other employee benefitsLn 9$50K$32K$12K$6K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$41K$30K$4K$7K
Office expensesLn 13$9K$6K$2K$938
OccupancyLn 16$52K$34K$12K$6K
TravelLn 17$295$288$5$2
Conferences, conventions and meetingsLn 19$280$276$3$1
InterestLn 20$363$363
Depreciation, depletion and amortizationLn 22$3K$2K$725$375
InsuranceLn 23$3K$2K$587$304
Other expenses (24a–d)Ln 24$52K$43K$5K$4K
Total functional expensesLn 25$658K$486K$114K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 5, 2026 $1.8M$2.0M−$135K$3.3M 990 PDF
FY2024Filed with the IRS Aug 5, 2025 $2.0M$1.6M$347K$3.4M 990 PDF
FY2023Filed with the IRS May 13, 2024 $1.2M$1.3M−$86K$2.9M 990 PDF
FY2022Filed with the IRS May 9, 2023 $589K$849K−$260K$3.0M 990 PDF
FY2021 ViewingFiled with the IRS Dec 8, 2021 $538K$658K−$121K$3.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $537,630 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $850,167$520,467
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$217,912−$62,738
I-11 Other revenuePrior year −$93,293$79,901
I-12 Total revenuePrior year $538,962$537,630
I-13 Grants and similar amounts paidPrior year $152,500$162,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $336,876$320,074
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,107$175,830
I-18 Total expensesPrior year $716,483$658,404
I-19 Revenue less expensesPrior year −$177,521−$120,774
Part VI · Governance 30 of 31 board members independent, no flags
VI-1a Voting members of the governing body31
VI-1b Independent voting members30
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 $537,630 across 8 lines filed
VIII-1c Fundraising events$66,840
VIII-1f All other contributions, gifts and grants$453,627
VIII-1h Total contributions, gifts and grants$520,467
VIII-3 Investment incomeExcluded from tax $82,013$82,013
VIII-7 Net gain or loss on sales of assetsRelated to mission −$144,751−$144,751
VIII-8 Net income from fundraising eventsExcluded from tax −$50,214−$50,214
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $130,115$130,115
VIII-12 Total revenueRelated to mission −$14,636 · Unrelated business $0 · Excluded from tax $31,799$537,630
Part IX · Statement of functional expenses $658,404 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $162,500$162,500
IX-5 Pay of current officers, directors and key staffPrograms $62,030 · Management $22,556 · Fundraising $28,195$112,781
IX-7 Other salaries and wagesPrograms $111,721 · Management $40,690 · Fundraising $4,517$156,928
IX-9 Other employee benefitsPrograms $32,446 · Management $11,810 · Fundraising $6,109$50,365
IX-11f Investment management feesManagement $14,381$14,381
IX-11g Other fees for servicesPrograms $30,280 · Management $3,674 · Fundraising $7,373$41,327
IX-13 Office expensesPrograms $6,013 · Management $2,005 · Fundraising $938$8,956
IX-16 OccupancyPrograms $33,791 · Management $12,300 · Fundraising $6,362$52,453
IX-17 TravelPrograms $288 · Management $5 · Fundraising $2$295
IX-19 Conferences, conventions and meetingsPrograms $276 · Management $3 · Fundraising $1$280
IX-20 InterestManagement $363$363
IX-22 Depreciation, depletion and amortizationPrograms $1,992 · Management $725 · Fundraising $375$3,092
IX-23 InsurancePrograms $1,692 · Management $587 · Fundraising $304$2,583
IX-24 Other expenses (24a–d)Programs $43,277 · Management $4,625 · Fundraising $4,198$52,100
IX-25 Total functional expensesPrograms $486,306 · Management $113,724 · Fundraising $58,374$658,404
Part X · Balance sheet $3,463,245 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $4,669$34,298
X-2 Savings and temporary cash investmentsStart of year $98,557$236,351
X-3 Pledges and grants receivableStart of year $8,000$13,000
X-8 Inventories for sale or useStart of year $0$14,985
X-9 Prepaid expenses and deferred chargesStart of year $15,982$8,476
X-10c Land, buildings and equipment, netStart of year $12,647$9,237
X-11 Publicly traded securitiesStart of year $2,662,108$3,144,850
X-15 Other assetsStart of year $1,941$2,048
X-16 Total assetsStart of year $2,803,904$3,463,245
X-17 Accounts payable and accrued expensesStart of year $103,969$90,547
X-25 Other liabilitiesStart of year $135,460$74,200
X-26 Total liabilitiesStart of year $239,429$186,715
X-27 Net assets without donor restrictionsStart of year −$97,409$16,414
X-28 Net assets with donor restrictionsStart of year $2,661,884$3,260,116
X-32 Total net assets or fund balancesStart of year $2,564,475$3,276,530
X-33 Total liabilities and net assetsStart of year $2,803,904$3,463,245
Part XI · Reconciliation of net assets $3,276,530 net assets at year end
XI-1 Total revenue$537,630
XI-2 Total expenses$658,404
XI-3 Revenue less expenses−$120,774
XI-4 Net assets at start of year$2,564,475
XI-5 Net unrealized gains (losses) on investments$824,829
XI-6 Donated services and use of facilities$8,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,276,530

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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