Cresset Academy Educational Foundation
- Assets
- $202.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 04/1999
- Data as of
- 05/2024
- EIN
- 56-2073623
Organization Overview
Cresset Academy Educational Foundation is located in Durham, NC. The organization was established in 1999. 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. Cresset Academy Educational 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 05/2024, Cresset Academy Educational Foundation generated $173.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $126.5k during the year ending 05/2024. While expenses have increased by 14.2% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AN ENDOWMENT PROGRAM FOR THE LONG-TERM SUPPORT OF THE SCHOOL TO CRESSET BAPTIST CHURCH AND CRESSET ACADEMY FOR STUDENT SCHOLARSHIPS, ENHANCEMENT OF THE PHYSICAL FACILITIES AND OTHER PROJECTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ty Green Chair | 5 | $0 | |
Lawrence Vuelta Vice Chair | 5 | $0 | |
Nathaniel Fry Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,923 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,083 |
| Gain or Loss | $238 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $173,244 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,154 |
| Total expenses | $126,512 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,533 |
| Other assets | $0 |
| Total assets | $202,358 |
| Total liabilities | $201,892 |
| Net assets or fund balances | $466 |