Watauga Education Foundation Inc
- Assets
- $51.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 02/1990
- Data as of
- 06/2022
- EIN
- 58-1863113
Organization Overview
Watauga Education Foundation Inc is located in Boone, NC. The organization was established in 1990. 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. Watauga 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 06/2022, Watauga Education Foundation Inc generated $44.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $41.1k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
GRANTS WERE AWARDED TO VARIOUS SPECIAL PROJECTS WITHIN THE WATAUGA COUNTY SCHOOL SYSTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Carlson Board Member | 1 | $0 | |
Angela Allen Board Member | 1 | $0 | |
Dj Demoranville Board Member | 1 | $0 | |
Katie Greene Board Member | 1 | $0 | |
Mitch Marlowe Board Member | 1 | $0 | |
Candi Woodruff Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,510 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $262 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,772 |
| 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 | $2,492 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,685 |
| Total expenses | $41,146 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,363 |
| Other assets | $0 |
| Total assets | $51,363 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,363 |
Grants Awarded
Over the last fiscal year, Watauga Education Foundation Inc has awarded $50,917 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WATAUGA COUNTY SCHOOLS PURPOSE: SUPPORT SCHOOL | $20,917 |
NORTH CAROLINA COMMUNITY FOUNDATION PURPOSE: GENERAL | $30,000 |