Mitchell County Education Foundation Inc

Organization Overview

Mitchell County Education Foundation Inc is located in Spruce Pine, NC. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mitchell County Education Foundation 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 12/2021, Mitchell County Education Foundation Inc generated $154.2k in total revenue. All expenses for the organization totaled $36.9k during the year ending 12/2021. While expenses have increased by 22.3% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SCHOLARSHIP AND EDUCATION OPPORTUNITIES FOR THE LOCAL YOUTH

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTED SCHOLARSHIPS TO LOCAL YOUTH


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Board, Officers & Key Employees

Name (title)Compensation
Karen Phillips
Board Member
$0
Misty Silvers
Board Member
$0
Chad Calhoun
Ex Officio
$0
Zack Snyder
Treasurer
$0
John Wilson
Chairman
$0
Brittany Jarrett
Secretary
$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$101,700
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$101,700
Total Program Service Revenue$0
Investment income $52,538
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $154,238

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