Forsyth Education Partnership EIN 58-2000660

Forsyth Education Partnership

EIN  58-2000660 Public foundation / grantmaker Winston Salem, NC Founded 1992
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides free classroom supplies, grants for innovative ideas, and recognition for new teachers in Winston-Salem schools.
Leadership
Karel Chandler · Educator Warehouse
Money in and out
$183K revenue, $206K expenses
Bottom line
99% program efficiency

Provides free classroom supplies, grants for innovative ideas, and recognition for new teachers in Winston-Salem schools. For fiscal year 2024 it reported $183K in revenue, $206K in expenses, and $320K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$206K
Pt IX · Ln 25
Net assets
$320K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs0% vs prior filing year
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year▼ -141% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$183K
FY2024▼ -27%
Expenses
$206K
FY2024▲ +20%
Total assets
$322K
FY2024▼ -6%
Total liabilities
$2K
FY2024▲ +392%
Total revenue
$183K
Pt VIII · Ln 12
Total expenses
$206K
Pt IX · Ln 25
Net assets
$320K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$322K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $202K of program spending, described in the organization's own filed words · FY2024.
01

Educator warehouse collects donations of office and classroom supplies and distributes them to educators in the Winston Salem Forsyth County School system for free. A point system is used to fairly allocate supplies to teachers that visit the warehouse.

$192Kprogram expense
02

Forsyth Education Partnership in collaboration with the Winston Salem Forsyth County School system, publicly recognized outstanding first year teachers by awarding them for their accomplishments.

$8Kprogram expense
03

Forsyth Education Partnership, in conjunction with Winston Salem Forsyth County School System, held a Poet Laureate Competition for students. It is an opportunity for students to fine tune their skills while rewarding them for their written, spoken-word and creative abilities.

$1Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForsyth Education Partnership
EINHdr · item D58-2000660
Principal addressHdr · item CWinston Salem, NC
WebsiteHdr · item Jforsytheducatorpartnership.org
Year of formationHdr · item L1992
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31Z)
Ruling yearIRS BMFAug 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Educator Warehouse
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$183K
Program service revenue$115
Total revenueLn 12$183K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$205K
Management & general1%$1K
Total functional expensesLn 25$206K

Balance Sheet

Part X · end of year
CashLn 1$50K
Total assetsLn 16$322K
Total liabilitiesLn 26$2K
Total net assetsLn 32$320K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50K · Operating expenses (Pt IX) $206K · Less non-cash grants $155K · Cash operating expenses/yr $50K
12.0 months
Where the money goes
Program services
Program services $205K · Total expenses $206K
99%
Management & General
Management & general $1K · Total expenses $206K
1%
Fundraising
Fundraising $0 · Total expenses $206K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $186K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $183K · Total revenue $183K
100%
Government reliance
Government grants $0 · Total revenue $183K
0%
Earned-income share
Program service revenue $115 · Total revenue $183K
0%
Investment reliance
Investment income $0 · Total revenue $183K
0%
Program self-sufficiency
Program service revenue $115 · Total expenses $206K
0%
Growth & trend
Revenue growth (YoY)
This year $183K · Prior year $249K
-27%
Revenue CAGR
FY2019 $199K · FY2024 $183K
-2%
Net-asset trend (YoY)
End of year $320K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $183K · Expenses $206K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $322K
Net-asset ratio
Net assets $320K · Total assets $322K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $322K
0%
People & payroll
Highest Reported Total Compensation
Individual Karel Chandler · Reported title Educator Warehouse · Highest reported compensation $0 · Total expenses $206K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $206K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Revenue growth -27%

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$11K
Grants paid · 1 grant · $24K · 2019–2019
Winston Salem Forsyth County SchoolsFY2019$24,355

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$249K revenue · ⤓ 990 PDF
FY2023$126K revenue · ⤓ 990 PDF
FY2022$103K revenue · ⤓ 990 PDF
FY2021$148K revenue · ⤓ 990 PDF
FY2020$199K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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