Civic Intelligence

The Helps Education Fund Inc

990 • Fiscal year 2019 • EIN 45-2046989

Jun 01, 2018 to May 31, 2019 • Filed on Apr 15, 2020

405 Carolina CircleDurham, NC 27707

(919) 889-2798

Siviq Scores

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

Liabilities / Assets

79th percentile

0.25x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • NTEE B90 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.08x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • NTEE B90 • <$500k nonprofits • Source year 2019

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2019 filings • NTEE B90 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$62,375

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2019 filings • NTEE B90 • <$500k nonprofits • Source year 2019

Asset Growth

98th percentile

1411%

Faster asset growth than 98% of similar nonprofits.

2019 filings • NTEE B90 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

496%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • NTEE B90 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$108,988

Up $101,776 (+1411%) from 2018

Net Assets

Up

$82,245

Up $75,033 (+1040%) from 2018

Liabilities

Up

$26,743

Up $26,743 from 2018

Revenue

Up

$333,355

Up $277,408 (+496%) from 2018

Expenses

Up

$258,322

Up $179,623 (+228%) from 2018

Net Income

Up

$75,033

Up $97,785 (+430%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $49,034Liabilities 2013: $1922013Assets 2014: $52,637Liabilities 2014: $0Net Assets 2014: $52,6372014Assets 2015: $76,390Liabilities 2015: $0Net Assets 2015: $76,3902015Assets 2016: $48,525Liabilities 2016: $0Net Assets 2016: $48,5252016Assets 2017: $29,964Liabilities 2017: $0Net Assets 2017: $29,9642017Assets 2018: $7,212Liabilities 2018: $0Net Assets 2018: $7,2122018Assets 2019: $108,988Liabilities 2019: $26,743Net Assets 2019: $82,2452019Assets 2020: $384,383Liabilities 2020: $158,987Net Assets 2020: $225,3962020Assets 2021: $905,138Liabilities 2021: $253,154Net Assets 2021: $651,9842021Assets 2022: $1,198,335Liabilities 2022: $97,863Net Assets 2022: $1,100,4722022Assets 2023: $1,583,526Liabilities 2023: $102,345Net Assets 2023: $1,481,1812023

Highlighted filing

2019

Assets$108,988
Liabilities$26,743
Net Assets$82,245

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $88,555Expenses 2013: $65,524Net Income 2013: $23,0312013Revenue 2014: $350,439Expenses 2014: $346,914Net Income 2014: $3,5252014Revenue 2015: $55,573Expenses 2015: $30,452Net Income 2015: $25,1212015Revenue 2016: $70,970Expenses 2016: $98,835Net Income 2016: -$27,8652016Revenue 2017: $54,636Expenses 2017: $73,197Net Income 2017: -$18,5612017Revenue 2018: $55,947Expenses 2018: $78,699Net Income 2018: -$22,7522018Revenue 2019: $333,355Expenses 2019: $258,322Net Income 2019: $75,0332019Revenue 2020: $669,971Expenses 2020: $526,820Net Income 2020: $143,1512020Revenue 2021: $1,151,493Expenses 2021: $752,089Net Income 2021: $399,4042021Revenue 2022: $2,093,612Expenses 2022: $1,645,124Net Income 2022: $448,4882022Revenue 2023: $2,668,726Expenses 2023: $2,288,017Net Income 2023: $380,7092023

Highlighted filing

2019

Revenue$333,355
Expenses$258,322
Net Income$75,033
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 15, 2020
Return Version
2018v3.1
Gross Receipts
$333,355
Mission and Program Overview

Mission

With a focus on improving educational equity and promoting a more just society, helpseducation fund provides evidence-based programs and services that are free or low-cost andmeaningfully advance student learning.

Helps education fund connects research with practice and engages teachers, parents, and volunteers to improve student learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,458$72,285▲ $66,827
Cash and Non-Interest-Bearing Accounts$1,754$32,861▲ $31,107
Accounts Receivable-$2,500-
Prepaid Expenses and Deferred Charges-$1,342-
Total Assets$7,212$108,988▲ $101,776
Liabilities
Deferred Revenue-$21,543-
Accounts Payable and Accrued Expenses-$5,200-
Total Liabilities$0$26,743▲ $26,743
Net Assets / Fund Balance
Unrestricted Net Assets$7,212$82,245▲ $75,033
Total Net Assets Fund Balance$7,212$82,245▲ $75,033
Total Liabilities and Net Assets / Fund Balance$7,212$108,988▲ $101,776
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth LeveneExecutive DirectorFT$57,375$5,000$62,375

Board Members and Trustees

NameTitle
Edwin JeffordsBoard Chair
Megan BennettVice Chair
Anam LohdiBoard Member
John BegenyDirector of Programs and Rese
Patrick ShearonSecretary
Will RikeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,531
Program Service Revenue
$318,809
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$75,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$159,992
Other Expenses$94,330
Total Fundraising Expense$4,234
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,329--$82,329
Current Officers, Directors, Trustees, and Key Employees$52,917$9,922$3,307$66,146
Fees for Services Management$18,919$8,499$50$27,468
Travel$18,999--$18,999
Payroll Taxes$10,397$840$280$11,517
Conferences and Meetings$8,438$3,001-$11,439
Office Expenses$4,023$1,605$512$6,140
Information Technology-$4,527-$4,527
Insurance$4,099$256$85$4,440
Grants to Domestic Orgs$4,000--$4,000
Occupancy$1,407$1,323-$2,730
Fees for Services Accounting-$1,415-$1,415
Other Expenses$1,290$3,879-$1,290
Total Functional Expenses$218,426$35,662$4,234$258,322
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

This form 990 has been reviewed by the organizations officers, key employees and members of the board to ensure the accuracy and effectiveness of the form in conveying the organizations mission, activities, accomplishments, finances, compensation and business relationships and transactions.

Conflict of interest policy compliance Part VI line 12C

The organization has a conflict of interest policy that addresses the consideration of potential conflicts of interest by the board of directors, committee members, key employees, and their relatives. As per the policy, such persons must make disclosure of any potential conflicts of interest.

CEO executive director top management comp Part VI line 15A

Salary is approved by the board of directors using publicly listed statewide salary averages in the not for profit sector.

Governing documents etc available to public Part VI line 19

Form 990 is made available for review on guidestar.org. All other governing documents are made available for review by request.

Filing and Contact Details

Filer

Filer Name
The Helps Education Fund Inc
EIN
45-2046989
Address
405 CAROLINA CIRCLE, DURHAM, NC 27707

Signing Officer

Name
Will Rike
Title
Treasurer
Phone
9198892798
Signed
2020-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Levene
Formed
2011
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
16
Volunteers
220

Preparer

Firm
Whittington CPAs PLLC
Address
235 Crosscreek Lane, Angier, NC 27501
Preparer
Heather D Whittington CPA
Phone
9197015306
Supplemental Narrative

Additional Explanations

General explanation attachment

Mission statement:the helps education fund connects research with practice and engages teachers, parents, and volunteers to improve student learning.in the 2017-2018 fiscal year, the helps education fund was able to donate the following services to support educators in providing effective academic interventions to students. These services included; trainings and consultation services valued at $14,935, curriculum materials valued at $465, and intervention and implementation services valued at $104,015. Metropolitan organization of volunteers for empowering students(moves): moves is designed to effectively and efficiently place volunteers trained in helps and/or ampps into schools so that students can benefit from these evidence-based interventions. Helps early literacy practice strategies (helps): helps is designed to enhance educators ability to improve students reading fluency. Parents and schools together to enhance learning (pastel): pastel is designed to assist parents with using research-based reading activities in the home for children birth 6th grade, to support reading.

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IRS990/ProgSrvcAccomActy2Grp/Desc0HELPS (HELPING EARLY LITERACY WITH PRACTICE STRATEGIES) IS AN EVIDENCE-BASED, RESEARCH-VALIDATED READING FLUENCY PROGRAM DEVELOPED BY DR. JOHN BEGENY OF NORTH CAROLINA STATE UNIVERSITY. HELPS IS A RECOMMENDED INTERVENTION IN THE EDUCATIONAL PRACTICE GUIDE FOR K-3 FOUNDATIONAL LITERACY SKILLS PUBLISHED BY THE U.S. DEPARTMENT OF EDUCATIONS WHAT WORKS CLEARINGHOUSE. FIVE RANDOMIZED CONTROLLED STUDIES HAVE DEMONSTRATED HELPS EFFICACY - WHEN MANY READING INTERVENTIONS HAVE NOT BEEN SCIENTIFICALLY EVALUATED. FOR THE LITERACY PROGRAMS THAT HAVE BEEN EVALUATED, THE TYPICAL PROGRAM WILL PROVIDE READING GAINS FOR 3 OUT OF 100 CHILDREN. THROUGH RIGOROUS COMPARISON STUDIES, HELPS SHOWS IMPROVEMENT WITH FLUENCY AND COMPREHENSION FOR 35 OUT OF 100 PARTICIPANTS. STUDENTS RECEIVE THREE, 10-15 MINUTE SCRIPTED HELPS TUTORING SESSIONS EACH WEEK BY A TRAINED TEACHER OR TUTOR. THIS STRUCTURE ALLOWS HELPS ONE-ON-ONE AND/OR SMALL GROUP PROGRAM TO FEASIBILITY FIT WITHIN SCHOOLS INTERVENTION BLOCKS (OR OTHER TIMES DURING THE DAY). HELPS IS IDEAL FOR STUDENTS WHO HAVE MASTERED A MINIMUM LEVEL OF PHONICS BUT DONT READ WITH ENOUGH SPEED OR ACCURACY TO FULLY COMPREHEND WHAT THEY ARE READING.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PASTEL (PARENTS AND SCHOOLS TOGETHER TO ENHANCE LEARNING) PROGRAM PROVIDES PARENTS/CAREGIVERS WITH 65 ACTIVITIES THEY CAN USE TO IMPROVE LITERACY AND PRE-LITERACY SKILLS OF CHILDREN FROM BIRTH TO AGE 12. PASTEL ACTIVITIES ARE FUND, EASY-TO-USE, AND EVIDENCE-BASED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS FORM 990 HAS BEEN REVIEWED BY THE ORGANIZATIONS OFFICERS, KEY EMPLOYEES AND MEMBERS OF THE BOARD TO ENSURE THE ACCURACY AND EFFECTIVENESS OF THE FORM IN CONVEYING THE ORGANIZATIONS MISSION, ACTIVITIES, ACCOMPLISHMENTS, FINANCES, COMPENSATION AND BUSINESS RELATIONSHIPS AND TRANSACTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT ADDRESSES THE CONSIDERATION OF POTENTIAL CONFLICTS OF INTEREST BY THE BOARD OF DIRECTORS, COMMITTEE MEMBERS, KEY EMPLOYEES, AND THEIR RELATIVES. AS PER THE POLICY, SUCH PERSONS MUST MAKE DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY IS APPROVED BY THE BOARD OF DIRECTORS USING PUBLICLY LISTED STATEWIDE SALARY AVERAGES IN THE NOT FOR PROFIT SECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS MADE AVAILABLE FOR REVIEW ON GUIDESTAR.ORG. ALL OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR REVIEW BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISSION STATEMENT:THE HELPS EDUCATION FUND CONNECTS RESEARCH WITH PRACTICE AND ENGAGES TEACHERS, PARENTS, AND VOLUNTEERS TO IMPROVE STUDENT LEARNING.IN THE 2017-2018 FISCAL YEAR, THE HELPS EDUCATION FUND WAS ABLE TO DONATE THE FOLLOWING SERVICES TO SUPPORT EDUCATORS IN PROVIDING EFFECTIVE ACADEMIC INTERVENTIONS TO STUDENTS. THESE SERVICES INCLUDED; TRAININGS AND CONSULTATION SERVICES VALUED AT $14,935, CURRICULUM MATERIALS VALUED AT $465, AND INTERVENTION AND IMPLEMENTATION SERVICES VALUED AT $104,015. METROPOLITAN ORGANIZATION OF VOLUNTEERS FOR EMPOWERING STUDENTS(MOVES): MOVES IS DESIGNED TO EFFECTIVELY AND EFFICIENTLY PLACE VOLUNTEERS TRAINED IN HELPS AND/OR AMPPS INTO SCHOOLS SO THAT STUDENTS CAN BENEFIT FROM THESE EVIDENCE-BASED INTERVENTIONS. HELPS EARLY LITERACY PRACTICE STRATEGIES (HELPS): HELPS IS DESIGNED TO ENHANCE EDUCATORS ABILITY TO IMPROVE STUDENTS READING FLUENCY. PARENTS AND SCHOOLS TOGETHER TO ENHANCE LEARNING (PASTEL): PASTEL IS DESIGNED TO ASSIST PARENTS WITH USING RESEARCH-BASED READING ACTIVITIES IN THE HOME FOR CHILDREN BIRTH 6TH GRADE, TO SUPPORT READING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0WILL RIKE
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE HELPS EDUCATION FUND INC
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