Civic Intelligence

Wade Edwards Foundation

990 • Fiscal year 2021 • EIN 56-1970957

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 08, 2022

Organization ProfileN/A
714 Saint Marys StreetRaleigh, NC 27605

(919) 856-9233

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

19th percentile

-20%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$95,082

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 55.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

27th percentile

-8.6%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-44%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$352,265

Down $33,218 (-8.6%) from 2020

Net Assets

Down

$348,242

Down $34,478 (-9.0%) from 2020

Liabilities

Up

$4,023

Up $1,260 (+46%) from 2020

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin19th percentile

Revenue

Down

$172,379

Down $132,979 (-44%) from 2020

Expenses

Up

$206,857

Up $51,268 (+33%) from 2020

Net Income

Down

-$34,478

Down $184,247 (-123%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$600K$400K$200K$0Assets 2011: $398,176Liabilities 2011: $1,3092011Assets 2012: $425,345Liabilities 2012: $21,2392012Assets 2013: $362,354Liabilities 2013: $3,6182013Assets 2014: $293,780Liabilities 2014: $3,9702014Assets 2015: $237,463Liabilities 2015: $6,647Net Assets 2015: $230,8162015Assets 2016: $249,412Liabilities 2016: $5,103Net Assets 2016: $244,3092016Assets 2017: $207,505Liabilities 2017: $6,115Net Assets 2017: $201,3902017Assets 2018: $259,192Liabilities 2018: $2,826Net Assets 2018: $256,3662018Assets 2019: $240,851Liabilities 2019: $7,900Net Assets 2019: $232,9512019Assets 2020: $385,483Liabilities 2020: $2,763Net Assets 2020: $382,7202020Assets 2021: $352,265Liabilities 2021: $4,023Net Assets 2021: $348,2422021Assets 2022: $353,071Liabilities 2022: $54,730Net Assets 2022: $298,3412022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$352,265
Liabilities$4,023
Net Assets$348,242
Open 2021 Filing

Operations Trend

Revenue Growth19th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $94,221Expenses 2011: $47,341Net Income 2011: $46,8802011Revenue 2012: $74,619Expenses 2012: $67,380Net Income 2012: $7,2392012Revenue 2013: $73,750Expenses 2013: $119,122Net Income 2013: -$45,3722013Revenue 2014: $90,743Expenses 2014: $159,667Net Income 2014: -$68,9242014Revenue 2015: $98,839Expenses 2015: $157,833Net Income 2015: -$58,9942015Revenue 2016: $152,185Expenses 2016: $138,692Net Income 2016: $13,4932016Revenue 2017: $128,246Expenses 2017: $171,165Net Income 2017: -$42,9192017Revenue 2018: $194,935Expenses 2018: $139,959Net Income 2018: $54,9762018Revenue 2019: $136,692Expenses 2019: $160,107Net Income 2019: -$23,4152019Revenue 2020: $305,358Expenses 2020: $155,589Net Income 2020: $149,7692020Revenue 2021: $172,379Expenses 2021: $206,857Net Income 2021: -$34,4782021Revenue 2022: $118,344Expenses 2022: $168,245Net Income 2022: -$49,9012022Revenue 2023: $119,476Expenses 2023: $417,817Net Income 2023: -$298,3412023

Highlighted filing

2021

Revenue$172,379
Expenses$206,857
Net Income-$34,478
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 8, 2022
Return Version
2021v4.0
Gross Receipts
$173,812
Mission and Program Overview

Mission

Maintain an after-school learning lab offering high school students assistance through the use of technology.

To empower the high school community by providing opportunities for achievement, enrichment and service, enabling life-long academic, professional and personal success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$133,068$138,182▲ $5,114
Land, Buildings, and Equipment, Net$99,477$100,901▲ $1,424
Cash and Non-Interest-Bearing Accounts$67,729$83,521▲ $15,792
Pledges and Grants Receivable$80,000$28,237▼ $51,763
Prepaid Expenses and Deferred Charges$1,209$1,324▲ $115
Accounts Receivable$4,000$100▼ $3,900
Total Assets$385,483$352,265▼ $33,218
Liabilities
Accounts Payable and Accrued Expenses$2,763$4,023▲ $1,260
Total Liabilities$2,763$4,023▲ $1,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$297,720$312,242▲ $14,522
Net Assets With Donor Restrictions$85,000$36,000▼ $49,000
Total Net Assets Fund Balance$382,720$348,242▼ $34,478
Total Liabilities and Net Assets / Fund Balance$385,483$352,265▼ $33,218

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,229$35,160$80,389
Leasehold Improvements$29,449$21,890$51,339
Other Land Buildings$26,223$22,824$49,047
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Betsey McfarlandExecutive DiFT$95,082$95,082

Board Members and Trustees

NameTitle
Ruth HeuerChair
Hillary EmerVice Chair
Beth GulewichTrustee
Catherine E EdwardsTrustee
Collin LearyTrustee
Dakia DavisTrustee
Debra RezelliTrustee
Ina NykoTrustee
Muhammed IbrahimTrustee
Valerie SmithTrustee
Victoria VojnovichTrustee
Leigh DauchertSecretary
Christina CapoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,987
Program Service Revenue
$3,150
Investment Income
$125
Other Revenue
$2,117
All Other Contributions
$88,091
Change in Net Assets
$-34,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$192,525
Total Fundraising Expense$15,740
Salaries, Compensation, and Employee Benefits$14,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$52,432-$14,575$67,007
Occupancy$42,000--$42,000
Depreciation Depletion$21,576--$21,576
Other Employee Benefits$12,366$983$983$14,332
Fees for Services Accounting-$10,302-$10,302
Information Technology$6,518$446-$6,964
Insurance$1,259$2,710$39$4,008
Other Expenses$1,783$1,845-$1,845
All Other Expenses$417$794$53$1,264
Office Expenses$425$447-$872
Advertising--$90$90
Conferences and Meetings-$55-$55
Total Functional Expenses$172,913$18,204$15,740$206,857
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,433
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

“The organization's board of directors receives a copy of the 990 and reviews and accepts prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The organization's conflict of interest policy is provided to board members to review. Board members are asked to sign an annual disclosure statement regarding any conflicts.”

Form 990, Page 6, Part VI, Line 15A

“The organization's board of directors annually determines the executive director's compensation with the approved budget. Executive director's compensation, including benefits, is based on comparable information from similar organizations.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request in writing.”

Filing and Contact Details

Filer

Filer Name
Wade Edwards Foundation
EIN
56-1970957
Phone
9198569233
Address
714 SAINT MARYS STREET, RALEIGH, NC 27605

Signing Officer

Name
Betsey Mcfarland
Title
Executive Director
Phone
9198569233
Signed
2022-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruth Heuer
Formed
1996
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
55

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract consultants 52,432 0 14,575”

Raw XML AppendixShowing 400 of 505 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02763
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04023
IRS990/AccountsReceivableGrp/BOYAmt04000
IRS990/AccountsReceivableGrp/EOYAmt0100
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO EMPOWER THE HIGH SCHOOL COMMUNITY BY PROVIDING OPPORTUNITIES FOR ACHIEVEMENT, ENRICHMENT AND SERVICE, ENABLING LIFE-LONG ACADEMIC, PROFESSIONAL AND PERSONAL SUCCESS.
IRS990/AdvertisingGrp/FundraisingAmt090
IRS990/AdvertisingGrp/TotalAmt090
IRS990/AllOtherContributionsAmt088091
IRS990/AllOtherExpensesGrp/FundraisingAmt053
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0794
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0417
IRS990/AllOtherExpensesGrp/TotalAmt01264
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0WADE EDWARDS FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum09198569233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0714 ST MARYS STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027605
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt067729
IRS990/CashNonInterestBearingGrp/EOYAmt083521
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt055
IRS990/ConferencesMeetingsGrp/TotalAmt055
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt012242
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0166987
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0125
IRS990/CYOtherExpensesAmt0192525
IRS990/CYOtherRevenueAmt02117
IRS990/CYProgramServiceRevenueAmt03150
IRS990/CYRevenuesLessExpensesAmt0-34478
IRS990/CYSalariesCompEmpBnftPaidAmt014332
IRS990/CYTotalExpensesAmt0206857
IRS990/CYTotalFundraisingExpenseAmt015740
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0172379
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt021576
IRS990/DepreciationDepletionGrp/TotalAmt021576
IRS990/Desc0THE WADE EDWARDS FOUNDATION OFFERS AFTER SCHOOL ACADEMIC SUPPORT, POST- SECONDARY PLANNING AND SUMMER TECHNOLOGY AND ENRICHMENT PROGRAMS TO WAKE COUNTY HIGH SCHOOL STUDENTS. PROGRAMMING INCLUDES ACCESS TO THE COMPUTER LAB, POSITIVE YOUTH DEVELOPMENT WORKSHOPS AND COMMUNITY SERVICE PROGRAMS. THE FOUNDATION FILLS A CRITICAL GAP FOR HIGH SCHOOL STUDENTS WITH FEW OPPORTUNITIES AVAILABLE TO THEM IN THE COMMUNITY. OUR CORE SERVICES INCLUDE TUTORING AND ACADEMIC ASSISTANCE, POST-SECONDARY PLANNING, ACT/SAT TEST PREP, WORK-FORCE DEVELOPMENT SKILL BUILDING, AND OPPORTUNITIES FOR COMMUNITY SERVICE. IN ADDITION, OUR HI-TECH TEENS PROGRAM OFFERS MONTHLY WORKSHOPS ON STEM SUBJECTS. DURING THE 2021-2022 SCHOOL YEAR THE WADE EDWARDS FOUNDATION SERVED OVER 200 STUDENTS FROM 16 DIFFERENT HIGH SCHOOLS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt085000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt036000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0172913
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010302
IRS990/FeesForServicesAccountingGrp/TotalAmt010302
IRS990/FeesForServicesOtherGrp/FundraisingAmt014575
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt052432
IRS990/FeesForServicesOtherGrp/TotalAmt067007
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt09827
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0BETSEY MCFARLAND
IRS990/Form990PartVIISectionAGrp/PersonNm1RUTH HEUER
IRS990/Form990PartVIISectionAGrp/PersonNm2HILLARY EMER
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTINA CAPO
IRS990/Form990PartVIISectionAGrp/PersonNm4LEIGH DAUCHERT
IRS990/Form990PartVIISectionAGrp/PersonNm5DAKIA DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm6CATHERINE E EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm7BETH GULEWICH
IRS990/Form990PartVIISectionAGrp/PersonNm8MUHAMMED IBRAHIM
IRS990/Form990PartVIISectionAGrp/PersonNm9COLLIN LEARY
IRS990/Form990PartVIISectionAGrp/PersonNm10INA NYKO
IRS990/Form990PartVIISectionAGrp/PersonNm11DEBRA REZELLI
IRS990/Form990PartVIISectionAGrp/PersonNm12VALERIE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm13VICTORIA VOJNOVICH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt085255
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt012242
IRS990/FundraisingDirectExpensesAmt01433
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0173812
IRS990/GrossRentsGrp/RealAmt03550
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0446
IRS990/InformationTechnologyGrp/ProgramServicesAmt06518
IRS990/InformationTechnologyGrp/TotalAmt06964
IRS990/InsuranceGrp/FundraisingAmt039
IRS990/InsuranceGrp/ManagementAndGeneralAmt02710
IRS990/InsuranceGrp/ProgramServicesAmt01259
IRS990/InsuranceGrp/TotalAmt04008
IRS990/InvestmentIncomeGrp/ExclusionAmt0125
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0125
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt079874
IRS990/LandBldgEquipBasisNetGrp/BOYAmt099477
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0100901
IRS990/LandBldgEquipCostOrOtherBssAmt0180775
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO EMPOWER THE HIGH SCHOOL COMMUNITY BY PROVIDING OPPORTUNITIES FOR ACHIEVEMENT, ENRICHMENT AND SERVICE, ENABLING LIFE-LONG ACADEMIC, PROFESSIONAL AND PERSONAL SUCCESS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0382720
IRS990/NetAssetsOrFundBalancesEOYAmt0348242
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-1433
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1433
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt03550
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03550
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0297720
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0312242
IRS990/NoncashContributionsAmt023000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt042000
IRS990/OccupancyGrp/TotalAmt042000
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0447
IRS990/OfficeExpensesGrp/ProgramServicesAmt0425
IRS990/OfficeExpensesGrp/TotalAmt0872
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0983
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0983
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012366
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014332
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0424
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21845
IRS990/OtherExpensesGrp/ProgramServicesAmt032475
IRS990/OtherExpensesGrp/ProgramServicesAmt11662
IRS990/OtherExpensesGrp/ProgramServicesAmt21783
IRS990/OtherExpensesGrp/TotalAmt032475
IRS990/OtherExpensesGrp/TotalAmt12086
IRS990/OtherExpensesGrp/TotalAmt21981
IRS990/OtherExpensesGrp/TotalAmt31845
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt080000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028237
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01209
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01324
IRS990/PrincipalOfficerNm0RUTH HEUER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0ACT/SAT PREP
IRS990/ProgramServiceRevenueGrp/Desc1SUMMER PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02455
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1695
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02455
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1695
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0297796
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0675
IRS990/PYOtherExpensesAmt0141293
IRS990/PYOtherRevenueAmt0239
IRS990/PYProgramServiceRevenueAmt06648
IRS990/PYRevenuesLessExpensesAmt0149769
IRS990/PYSalariesCompEmpBnftPaidAmt014296
IRS990/PYTotalExpensesAmt0155589
IRS990/PYTotalRevenueAmt0305358
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-34478
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt066654
IRS990/RentalIncomeOrLossGrp/RealAmt03550
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03150
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0133068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0138182
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0166987
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0196283
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0104110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0147023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt091032
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0705435
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03675
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08311
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07727
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025706
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt067031
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.38860
IRS990ScheduleA/PublicSupportPY170Pct00.33890
IRS990ScheduleA/PublicSupportTotal170Amt0284128
IRS990ScheduleA/SubstantialContributorsTotAmt0421307
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0166987
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0196283
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0104110
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0147023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt091032
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0705435
IRS990ScheduleA/TotalSupportAmt0731141
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt045229
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035160
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080389
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029449
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021890
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt051339
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026223
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022824
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt049047
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0100901
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS RECEIVES A COPY OF THE 990 AND REVIEWS AND ACCEPTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO BOARD MEMBERS TO REVIEW. BOARD MEMBERS ARE ASKED TO SIGN AN ANNUAL DISCLOSURE STATEMENT REGARDING ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD OF DIRECTORS ANNUALLY DETERMINES THE EXECUTIVE DIRECTOR'S COMPENSATION WITH THE APPROVED BUDGET. EXECUTIVE DIRECTOR'S COMPENSATION, INCLUDING BENEFITS, IS BASED ON COMPARABLE INFORMATION FROM SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN WRITING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT CONSULTANTS 52,432 0 14,575
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0562054851
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0LEASE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0714 ST MARY'S STREET LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt08825 WESTGATE PARK DR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd027617
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LUCIUS WADE EDWARDS PRIVATE FOUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562026070
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DONOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0714 ST MARYS STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027605

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$352,265
Liabilities
$4,023
Net assets
$348,242
Revenue
$172,379
Expenses
$206,857
Net income
-$34,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.19$4.18$2.98
2022Detailed filing. Detailed filing data is available for this year.$3.53$0.55$2.98$1.18$1.68$0.50
2021Detailed filing. Detailed filing data is available for this year.$3.52$0.04$3.48$1.72$2.07$0.34
2020Detailed filing. Detailed filing data is available for this year.$3.85$0.03$3.83$3.05$1.56$1.50
2019Detailed filing. Detailed filing data is available for this year.$2.41$0.08$2.33$1.37$1.60$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.59$0.03$2.56$1.95$1.40$0.55
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.06$2.01$1.28$1.71$0.43
2016Detailed filing. Detailed filing data is available for this year.$2.49$0.05$2.44$1.52$1.39$0.13
2015Summary only. Only limited summary data is available for this year.$2.37$0.07$2.31$0.99$1.58$0.59
2014Summary only. Only limited summary data is available for this year.$2.94$0.04$0.91$1.60$0.69
2013Summary only. Only limited summary data is available for this year.$3.62$0.04$0.74$1.19$0.45
2012Summary only. Only limited summary data is available for this year.$4.25$0.21$0.75$0.67$0.07
2011Summary only. Only limited summary data is available for this year.$3.98$0.01$0.94$0.47$0.47