Parents For Educational Freedom In North Carolina Inc
- Assets
- $777.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Raleigh, NC
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 20-2754466
Organization Overview
Parents For Educational Freedom In North Carolina Inc is located in Raleigh, NC. The organization was established in 2006. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Parents For Educational Freedom In North Carolina Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parents For Educational Freedom In North Carolina Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Parents For Educational Freedom In North Carolina Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PARENTS FOR EDUCATIONAL FREEDOM IN NC ADVOCATES FOR QUALITY EDUCATIONAL OPTIONS THROUGH PARENTAL SCHOOL CHOICE. OUR MISSION IS TO ENGAGE AT THE GRASSROOTS LEVEL, EDUCATE NC ABOUT THE OPTIONS IN OUR STATE, AND EMPOWER FAMILIES TO HAVE A VOICE IN THEIR CHILDRENS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURED A $500,000 CONTRACT WITH THE NORTH CAROLINA STATE EDUCATION ASSISTANCE AUTHORITY (NCSEAA) FOR ADMINISTERING A FAMILY SUPPORT ASSISTANCE EFFORT AND A SCHOLARSHIP EDUCATION PROGRAM FOR PARENTS AND STUDENTS INTERESTED IN PARTICIPATING IN THE K-12 SCHOLARSHIP PROGRAMS ADMINISTERED BY THE AUTHORITY.SECURED AN INCREASE IN THE AWARD AMOUNT OF THE OPPORTUNITY SCHOLARSHIP PROGRAM FROM $5,928/SCHOOL YEAR TO $6,168.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Long President | Officer | 40 | $157,973 |
Brian R Jodice Vice President | Officer | 40 | $111,930 |
Rita Haire Vice Chair | OfficerTrustee | 1 | $0 |
Rick Adams Chair | OfficerTrustee | 1 | $0 |
John Bryson Treasurer | OfficerTrustee | 1 | $0 |
Lesa Howard Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mid West Communication Group Llc Marketingadv | 12/30/21 | $200,418 |
Go Big Media Inc Marketingadv | 12/30/21 | $103,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $870,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $970,688 |
| Total Program Service Revenue | $128,807 |
| Investment income | $1,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,468 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,211,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,432 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,172 |
| Pension plan accruals and contributions | $15,349 |
| Other employee benefits | $74,584 |
| Payroll taxes | $45,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $606 |
| Fees for services: Accounting | $51,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,226 |
| Advertising and promotion | $205,937 |
| Office expenses | $19,563 |
| Information technology | $1,686 |
| Royalties | $0 |
| Occupancy | $65,055 |
| Travel | $23,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $779 |
| Insurance | $3,987 |
| All other expenses | $5,280 |
| Total functional expenses | $1,294,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,568 |
| Savings and temporary cash investments | $523,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,550 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,909 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $777,909 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $777,909 |
Grants Awarded
Over the last fiscal year, Parents For Educational Freedom In North Carolina Inc has awarded $50,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Murphy, NC PURPOSE: Program Support-Material Purchases | $6,000 |
Fletcher, NC PURPOSE: Program Support-Equipment Purchases | $5,500 |
Charlotte, NC PURPOSE: Program Support-Equipment Purchases | $5,000 |
State Road, NC PURPOSE: Program Support-Equipment Purchases | $5,000 |
Lexington, NC PURPOSE: Program Support-Equipment Purchases | $5,000 |
Southern Pines, NC PURPOSE: Program Support-Equipment Purchases | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Parents For Educational Freedom In North Carolina Inc has recieved totaling $720,025.
| Awarding Organization | Amount |
|---|---|
American Federation For Children Growth Fund Inc Columbia, MD PURPOSE: EDUCATIONAL CHOICE EFFORTS IN NC | $635,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $60,000 |
Edchoice Inc Indianapolis, IN PURPOSE: SEE PART IV | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |
Georgia Charter Schools Association Inc Atlanta, GA | $3,275,551 | $3,963,375 |
Tennessee School Boards Association Nashville, TN | $6,082,451 | $2,785,185 |
South Carolina Universities Research And Education Foundation Aiken, SC | $556,555 | $2,208,324 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $426,843 | $2,213,711 |