North Carolina Educational Scholarship Fund Inc.

990EZ • Fiscal year 2016 • EIN 20-2227646

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization Profile N/A

P O Box 40598Raleigh, NC 27629

(919) 846-6973

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

-4.7%

Higher net margin than 30% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE B • <$500k nonprofits • Source year 2016

-3.9%

Faster asset growth than 35% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Annualized from 2015 to 2016

-21%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • NTEE B • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

$76,433

Down $3,072 (-3.9%) from 2015

Net Assets

Down

$76,433

Down $3,072 (-3.9%) from 2015

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin30th percentile

Revenue

Down

$65,714

Down $17,527 (-21%) from 2015

Expenses

$68,787

Up $31,731 (+86%) from 2015

Net Income

Down

-$3,073

Down $49,258 (-107%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2016

Assets$76,433

Liabilities-

Net Assets$76,433

Open 2016 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2016

Revenue$65,714

Expenses$68,787

Net Income-$3,073

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: Nov 14, 2017
Return Version: 2016v3.0
Gross Receipts: $72,925

Mission and Program Overview

Mission

To fund academic scholarships for the young people in the state of north carolina to pursue post-secondary education trade and technical studies, undergraduate studies and graduate studies.

To solicit, establish, maintain, and award scholarships to north carolina students in order that they may pursue post-secondary education including, but not limited to, trade and technical studies, undergraduate studies, graduate studies, and/or education at the professional school level.

Program Services

Description	Grants	Expenses
TO FUND ACADEMIC SCHOLARSHIPS FOR THE YOUNG PEOPLE IN THE STATE OF NORTH CAROLINA TO PURSUE POST-SECONDARY EDUCATION TRADE AND TECHNICAL STUDIES, UNDERGRADUATE STUDIES AND GRADUATE STUDIES.	$55,991	$63,872
TO FUND ACADEMIC SCHOLARSHIPS FOR THE YOUNG PEOPLE IN THE STATE OF NORTH CAROLINA TO PURSUE POST-SECONDARY EDUCATION TRADE AND TECHNICAL STUDIES,UNDERGRADUATE STUDIES AND GRADUATE STUDIES.	-	$3,833

Compensation and Service Providers

Top Officer Pay83rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
L MCNEIL CHESTNUT	President	-	$0	-	-
DAVID CLEGG	Director	-	$0	-	-
BETH KNOX	Director	-	$0	-	-
WAYNE HICKS	Director	-	$0	-	-
DANA STEPHENSON DIXON	Director	-	$0	-	-

Fundraising, Events, and Gaming

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Golf Tournament	$9,110	$9,110	$1,413	$7,697
Cabaret Show	$5,560	$5,560	$5,059	$501
Total Events	$14,670	$14,670	$6,472	$8,198

Filing and Contact Details

Filer

Filer Name: North Carolina Educational
EIN: 20-2227646
Address: P O BOX 40598, RALEIGH, NC 27629

Signing Officer

Name: L Mcneil Chestnut
Title: President
Signed: 2017-11-14
Discuss with paid preparer: Yes

Preparer

Firm: Plc Rouse Norton Pllc
Address: 7701 SIX FORKS RD STE 100, RALEIGH, NC 27615
Preparer: Melanie Lilley
Phone: 9198411000

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“55,991 0 0”

Form 990-ez, Part I, Line 16

“Expenses bank service charges 26 new checks 132 miss nc programs 7,475 total 7,633”

Form 990-ez, Part III

“To solicit, establish, maintain, and award scholarships to north carolina students in order that they may pursue post-secondary education including, but not limited to, trade and technical studies, undergraduate studies, graduate studies, and/or education at the professional school level.”

Form 990-ez, Part III, Line 31

“To fund academic scholarships for the young people in the state of north carolina to pursue post-secondary education trade and technical studies,undergraduate studies and graduate studies.”

Raw XML Appendix164 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	DAVID CLEGG
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	WAYNE HICKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	DANA STEPHENSON DIXON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	DIRECTOR
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	7633
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TO SOLICIT, ESTABLISH, MAINTAIN, AND AWARD SCHOLARSHIPS TO NORTH CAROLINA STUDENTS IN ORDER THAT THEY MAY PURSUE POST-SECONDARY EDUCATION INCLUDING, BUT NOT LIMITED TO, TRADE AND TECHNICAL STUDIES, UNDERGRADUATE STUDIES, GRADUATE STUDIES, AND/OR EDUCATION AT THE PROFESSIONAL SCHOOL LEVEL.
IRS990EZ/PrintingPublicationsPostageAmt	0	617
IRS990EZ/ProgramServiceRevenueAmt	0	2000
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	TO FUND ACADEMIC SCHOLARSHIPS FOR THE YOUNG PEOPLE IN THE STATE OF NORTH CAROLINA TO PURSUE POST-SECONDARY EDUCATION TRADE AND TECHNICAL STUDIES, UNDERGRADUATE STUDIES AND GRADUATE STUDIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	TO FUND ACADEMIC SCHOLARSHIPS FOR THE YOUNG PEOPLE IN THE STATE OF NORTH CAROLINA TO PURSUE POST-SECONDARY EDUCATION TRADE AND TECHNICAL STUDIES,UNDERGRADUATE STUDIES AND GRADUATE STUDIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	55991
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	63872
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	1	3833
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	7211
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	7809
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	68787
IRS990EZ/TotalProgramServiceExpensesAmt	0	67705
IRS990EZ/TotalRevenueAmt	0	65714
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt	0	OTHER 17,561
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc	0	PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	55851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	67669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	123520
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	54
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	11
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	65
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	17074
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt	0	2000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt	0	15561
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	17561
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.75550
IRS990ScheduleA/PublicSupportPY170Pct	0	0.81290
IRS990ScheduleA/PublicSupportTotal170Amt	0	106635
IRS990ScheduleA/SubstantialContributorsTotAmt	0	16885
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	55851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	67669
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	123520
IRS990ScheduleA/TotalSupportAmt	0	141146
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt	0	6472
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm	0	GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm	0	CABARET SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt	0	9110
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt	0	8198
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt	0	5059
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	55,991 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES BANK SERVICE CHARGES 26 NEW CHECKS 132 MISS NC PROGRAMS 7,475 TOTAL 7,633
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	TO SOLICIT, ESTABLISH, MAINTAIN, AND AWARD SCHOLARSHIPS TO NORTH CAROLINA STUDENTS IN ORDER THAT THEY MAY PURSUE POST-SECONDARY EDUCATION INCLUDING, BUT NOT LIMITED TO, TRADE AND TECHNICAL STUDIES, UNDERGRADUATE STUDIES, GRADUATE STUDIES, AND/OR EDUCATION AT THE PROFESSIONAL SCHOOL LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	TO FUND ACADEMIC SCHOLARSHIPS FOR THE YOUNG PEOPLE IN THE STATE OF NORTH CAROLINA TO PURSUE POST-SECONDARY EDUCATION TRADE AND TECHNICAL STUDIES,UNDERGRADUATE STUDIES AND GRADUATE STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	L MCNEIL CHESTNUT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	NORTH CAROLINA EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt	0	SCHOLARSHIP FUND INC
ReturnHeader/Filer/BusinessNameControlTxt	0	NORT
ReturnHeader/Filer/EIN	0	202227646
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	P O BOX 40598
ReturnHeader/Filer/USAddress/CityNm	0	RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	562034483
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	PLC ROUSE NORTON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	7701 SIX FORKS RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	27615
ReturnHeader/PreparerPersonGrp/PhoneNum	0	9198411000
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	MELANIE LILLEY
ReturnHeader/ReturnTs	0	2017-11-14T16:14:08-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-01-01
ReturnHeader/TaxPeriodEndDt	0	2016-12-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $76,433
Liabilities: -
Net assets: $76,433
Revenue: $65,714
Expenses: $68,787
Net income: -$3,073

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2023Summary only. Only limited summary data is available for this year.	$1.91	$0.00		$1.37	$1.09	$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.63		$1.63	$1.06	$1.03	$0.03
2021Detailed filing. Detailed filing data is available for this year.	$1.60		$1.60	$0.69	$0.81	$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.72		$1.72	$1.07	$0.38	$0.69
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.02		$1.02	$1.23	$1.38	$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.17		$1.17	$1.18	$0.93	$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.93		$0.93	$0.82	$0.66	$0.16
2016Detailed filing. Detailed filing data is available for this year.	$0.76		$0.76	$0.66	$0.69	$0.03
2015Detailed filing. Detailed filing data is available for this year.	$0.80		$0.80	$0.83	$0.37	$0.46