Forsyth Education Partnership FY2024 filing

Winston Salem, NC · Public foundation / grantmaker · Since 1992 · Foundations & Grantmakers

✓ Tax-deductible
Revenue
$249K
+97% vs prior year
Spent
$171K
To programs
99%
Net assets
$343K
By yearFY2020–FY2024
Revenue
$249K
FY2024▲ +97%
Revenue by fiscal year
FY2020$199K
FY2021$148K
FY2022$103K
FY2023$126K
FY2024$249K
FY2024$183K
Expenses
$171K
FY2024▲ +1%
Expenses by fiscal year
FY2020$172K
FY2021$142K
FY2022$166K
FY2023$170K
FY2024$171K
FY2024$206K
Net assets
$343K
FY2024▲ +29%
Net assets by fiscal year
FY2020$366K
FY2021$372K
FY2022$309K
FY2023$266K
FY2024$343K
FY2024$320K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

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 FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CForsyth Education Partnership
EINHdr · item D58-2000660
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1992
Year of formationHdr · item L1992
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWinston Salem, NC
NTEE classificationIRS BMFFoundations & Grantmakers (T31Z)
WebsiteHdr · item Jforsytheducatorpartnership.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 $0.99 Management & general $0.01
Program services99%$170K
Management & general1%$2K
Total functional expensesLn 25$171K

Financial health

Is it on solid ground?

Program efficiency
99%
of spending reaches programs
Surplus margin
+31%
revenue over expenses, this year
Revenue trend
+6%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$344K
FY2024▲ +29%
Total assets by fiscal year
FY2020$366K
FY2021$373K
FY2022$310K
FY2023$266K
FY2024$344K
FY2024$322K
Total liabilities
$421
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$900
FY2022$781
FY2023$0
FY2024$421
FY2024$2K
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$344K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$49K
Total assetsLn 16$344K
Total liabilitiesLn 26$421
Total net assetsLn 32$343K
Months of cash on handcomputed3.4

Statement of Revenue

Part VIII
Contributions & grants100%$249K
Program service revenue$109
Total revenueLn 12$249K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $49K · Operating expenses (Pt IX) $171K · Less non-cash grants $220K · Cash operating expenses/yr −$49K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $170K · Total expenses $171K
99%
Management & General
Management & general $2K · Total expenses $171K
0.9%
Fundraising
Fundraising $0 · Total expenses $171K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $159K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $249K · Total revenue $249K
100%
Government reliance
Government grants $0 · Total revenue $249K
0%
Earned-income share
Program service revenue $109 · Total revenue $249K
0.04%
Investment reliance
Investment income $0 · Total revenue $249K
0%
Program self-sufficiency
Program service revenue $109 · Total expenses $171K
0.06%
Growth & trend
Revenue growth (YoY)
This year $249K · Prior year $126K
+97%
Revenue CAGR
FY2019 $199K · FY2023 $249K
+6%
Net-asset trend (YoY)
End of year $343K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $249K · Expenses $171K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $344K
—
Net-asset ratio
Net assets $343K · Total assets $344K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $344K
0%
People & payroll
Highest Reported Total Compensation
Individual Nancy Matthews · Reported title Board Member · Highest reported compensation $0 · Total expenses $171K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $171K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0.9%——
Fundraising cost ratio 0%——
Revenue growth 97%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.02%——
Fundraising fee ratio 0%——

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 (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Educator Warehouse
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Forsyth Education Partnership executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent 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 free classroom supplies, grants for innovative ideas, and recognition for new teachers in Winston-Salem schools.

Provided by the organization

This section is blank until Forsyth Education Partnership claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $168K of program spending, described in the organization's own filed words · FY2023.
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.

$163Kprogram 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.

$4Kprogram 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.

$683program 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 · FY2023
Total grants receivedfrom 2 funders$11K
Grants paid · 1 grant · $24K · 2019–2019
Winston Salem Forsyth County SchoolsFY2019$24,355

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Viewing $249K$171K+97% 990 PDF
FY2023 $126K$170K+22% 990 PDF
FY2022 $103K$166K-30% 990 PDF
FY2021 $148K$142K-25% 990 PDF
FY2020 $199K$172K 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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