Union County Public Education Foundation
- Assets
- $246.1k
- Revenue
- $261.8k
- Investments
- $62.4k
- Employees
- 1
- Location
- Monroe, NC
- Founding
- 07/2011
- Data as of
- 06/2023
- EIN
- 27-4620790
Organization Overview
Union County Public Education Foundation is located in Monroe, NC. The organization was established in 2011. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union County Public Education Foundation 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 06/2023, Union County Public Education Foundation generated $261.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $194.3k during the year ending 06/2023. While expenses have increased by 8.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND PROVIDE NEEDED FUNDING FOR PUBLIC EDUCATION IN UNION COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT PUBLIC EDUCATION IN UNION COUNTY
TO SUPPORT PUBLIC EDUCATION IN UNION COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret Alexander Chairman | Officer | $0 | |
Kelly Barnhardt Board Member | Officer | $0 | |
Brian Von Bergen Board Member | Officer | $0 | |
Ellie Bragg Board Member | Officer | $0 | |
Holli Breeden Board Member | Officer | $0 | |
Amanda Cameron Board Member | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,940 |
| Noncash contributions included in lines 1a–1f | $11,496 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,940 |
| Total Program Service Revenue | $0 |
| Investment income | $1,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,748 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,888 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,144 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,809 |
| Payroll taxes | $603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,452 |
| Office expenses | $6,554 |
| Information technology | $12,000 |
| Royalties | $0 |
| Occupancy | $11,168 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $203 |
| All other expenses | $13,241 |
| Total functional expenses | $194,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,314 |
| Savings and temporary cash investments | $46,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $171 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,603 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $62,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,140 |
| 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 | $2 |
| Total liabilities | $2 |
| Net assets without donor restrictions | $246,138 |
| 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 | $246,140 |
Grants Awarded
Over the last fiscal year, Union County Public Education Foundation has awarded $34,638 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LIFT GRANT PURPOSE: LIFT GRANT | $14,909 |
POY AND TOY GRANTS PURPOSE: POY AND TOY GRANT | $8,362 |
GROW GRANT PURPOSE: GROW GRANT | $11,367 |