North Carolina Early Childhood Foundation Inc
- Assets
- $975.6k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Raleigh, NC
- Founding
- 06/2013
- Data as of
- 12/2023
- EIN
- 45-3971534
Organization Overview
North Carolina Early Childhood Foundation Inc is located in Raleigh, NC. The organization was established in 2013. 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 12/2023, North Carolina Early Childhood Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Early Childhood 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 12/2023, North Carolina Early Childhood Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $918.5k during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 9 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 MARSHAL NORTH CAROLINA'S GREAT PEOPLE, IDEAS, AND ACHIEVEMENTS TO ENSURE EQUITABLEACCESS TO OPPORTUNITY AND SUCCESS FOR EVERY CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING UNDERSTANDING:- EFFECTIVELY COMMUNICATING THE IMPORTANCE OF EARLY CHILDHOOD INVESTMENTS- CENTERING RACIAL EQUITY IN OUR WORK AND COMMUNICATING WHY IT IS CRITICAL TO CLOSE THE OPPORTUNITY GAP FOR CHILDREN OF COLOR IN THEIR EARLIEST YEARS- ENGAGING BUSINESS LEADERS AND ELECTED OFFICIALS TO CHAMPION EARLY CARE AND EDUCATION- LIFTING UP COMMUNITY AND FAMILY VOICES TO GUIDE DECISION MAKINGSPEARHEADING COLLABORATION:- CONVENING STATE AND LOCAL HEALTH, EDUCATION, FAMILY, BUSINESS, AND POLICY LEADERS, TO BUILD STRONG ALIGNMENT ACROSS EARLY CHILDHOOD SYSTEMS AND ACTIVELY FOSTER DISCUSSION, DIALOGUE, AND COLLABORATION- ENCOURAGING ACCOUNTABILITYADVANCING POLICIES:- PROVIDING POLICY ANALYSIS, RESOURCES AND DATA- INSPIRING INNOVATION AND ACTION FOR CHANGE- CONNECTING AND CLARIFYING THE COMPLEX LANDSCAPE OF POLICIES, PROGRAMS, RESEARCH, AND STATE AGENCY AGENDAS THAT IMPACT CHILDREN AND FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary F Grant Executive Drector | OfficerTrustee | 40 | $117,075 |
Patti Gillenwater Chair | OfficerTrustee | 0.6 | $0 |
Rashidah Lopez-Morgan Vice Chair | OfficerTrustee | 0.3 | $0 |
Kelli Ovies Secretary | OfficerTrustee | 0.4 | $0 |
Harold G Sellars Treasurer | OfficerTrustee | 0.4 | $0 |
Dr Margaret Annunziata Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $771,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $984,512 |
| Total Program Service Revenue | $24,020 |
| Investment income | $37 |
| 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 | $1,029,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,838 |
| Grants and other assistance to domestic individuals. | $13,563 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,358 |
| Compensation of current officers, directors, key employees. | $74,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,924 |
| Pension plan accruals and contributions | $25,440 |
| Other employee benefits | $23,056 |
| Payroll taxes | $38,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,847 |
| Fees for services: Accounting | $12,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $238,261 |
| Advertising and promotion | $9,030 |
| Office expenses | $9,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,979 |
| Travel | $20,457 |
| 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 | $949 |
| Insurance | $2,256 |
| All other expenses | $0 |
| Total functional expenses | $918,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,390 |
| Savings and temporary cash investments | $414,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $511,945 |
| 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 | $3,954 |
| Net Land, buildings, and equipment | $1,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $975,617 |
| Accounts payable and accrued expenses | $38,315 |
| 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 | $38,315 |
| Net assets without donor restrictions | $21,396 |
| Net assets with donor restrictions | $915,906 |
| 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 | $975,617 |
Grants Awarded
Over the last fiscal year, North Carolina Early Childhood Foundation Inc has awarded $16,838 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EMPOWERED PARENTS IN COMMUNITY PURPOSE: CANDL COALITION LEADERSHIP PARTICIPATION | $6,557 |
NATIONAL BLACK CHILD DEVELOPMENT INSTITUTE - CAROLINAS PURPOSE: CANDL COALITION LEADERSHIP PARTICIPATION | $10,281 |