Education Now FY2020 filing

Raleigh, NCUnknown exempt organizationEIN 84-4365153

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To promote public policy that advances educational and economic opportunity for the citizens of North Carolina, with an emphasis on education, affordable health care and broad based economic development.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.4M
To programs
95%
Net assets
$49K
By yearFY2020–FY2021
Revenue
$1.5M
FY2020
Revenue by fiscal year
FY2020$1.5M
FY2021$252K
Expenses
$1.4M
FY2020
Expenses by fiscal year
FY2020$1.4M
FY2021$300K
Net assets
$49K
FY2020
Net assets by fiscal year
FY2020$49K
FY2021$0

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.4M Management & general 2% · $24K Fundraising 3% · $43K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Chair, Board of Directors
$0Pt VII · Sec A
Director and Treasurer
$0Pt VII · Sec A
Director and Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Education Now 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 15aNo

Programs and updates

Advocates for policies boosting education, healthcare, and economic growth in North Carolina.

Provided by the organization

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1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2020.
01

The organization promotes its public philosophy through advertisements directed to the citizens of NC. The organization produced and distributed 22 pieces of direct mail to over 700,000 households.

$1.4Mprogram 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 · funders on record
Grants received · FY2020
Hopewell FundFY2020$250K
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Managementcol C$24K
Fundraisingcol D$43K
Owns and owesPt X
$49K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$49K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Total assetsLn 16$49K
LiabilitiesLn 26$0
Net assetsLn 32$49K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$49K
Total assetsLn 16$0$49K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$49K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$100K$50K$10K$40K
Payroll taxesLn 10$7K$4K$748$3K
Legal feesLn 11b$15K$4K$11K
Accounting feesLn 11c$1K$1K
Other expenses (24a–d)Ln 24$1.3M$1.3M$1K$293
Total functional expensesLn 25$1.4M$1.4M$24K$43K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $252K$300K−$49K$0 990 PDF
FY2020 Viewing $1.5M$1.4M$49K$49K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $1,489,718 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,489,718
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,489,718
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,489,718
Part IX · Statement of functional expenses $1,440,812 across 5 lines filed
IX-7 Other salaries and wagesPrograms $50,000 · Management $10,000 · Fundraising $40,000$100,000
IX-10 Payroll taxesPrograms $3,742 · Management $748 · Fundraising $2,993$7,483
IX-11b Legal feesPrograms $4,115 · Management $10,885$15,000
IX-11c Accounting feesManagement $1,404$1,404
IX-24 Other expenses (24a–d)Programs $1,315,213 · Management $1,419 · Fundraising $293$1,316,925
IX-25 Total functional expensesPrograms $1,373,070 · Management $24,456 · Fundraising $43,286$1,440,812
Part X · Balance sheet $48,906 assets, 5 lines filed
X-1 Cash, non-interest-bearing$48,906
X-16 Total assetsStart of year $0$48,906
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$48,906
X-33 Total liabilities and net assetsStart of year $0$48,906
Part XI · Reconciliation of net assets $48,906 net assets at year end
XI-1 Total revenue$1,489,718
XI-2 Total expenses$1,440,812
XI-3 Revenue less expenses$48,906
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$48,906

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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