Civic Intelligence

Cabarrus County Education Foundation Inc.

990EZ • Fiscal year 2021 • EIN 56-2226529

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 19, 2021

PO Box 388Concord, NC 28026-0388

(704) 260-5608

Siviq Scores

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

Liabilities / Assets

94th percentile

0.47x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • NTEE T • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.71x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • NTEE T • <$500k nonprofits • Source year 2021

Net Margin

49th percentile

4.9%

Higher net margin than 49% of similar nonprofits.

2021 filings • NTEE T • <$500k nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2021 filings • NTEE T • <$500k nonprofits • Source year 2021

Asset Growth

88th percentile

75%

Faster asset growth than 88% of similar nonprofits.

2021 filings • NTEE T • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

10%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • NTEE T • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$156,099

Up $67,088 (+75%) from 2020

Net Assets

Up

$82,848

Up $6,057 (+7.9%) from 2020

Liabilities

Up

$73,251

Up $61,031 (+499%) from 2020

Revenue

Up

$102,952

Up $9,582 (+10%) from 2020

Expenses

Down

$97,894

Down $9,544 (-8.9%) from 2020

Net Income

Up

$5,058

Up $19,126 (+136%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2015: $147,512Liabilities 2015: $16,1532015Assets 2016: $133,370Liabilities 2016: $7342016Assets 2017: $101,590Liabilities 2017: $2,467Net Assets 2017: $99,1232017Assets 2018: $93,378Liabilities 2018: $2,1292018Assets 2019: $92,626Liabilities 2019: $1,767Net Assets 2019: $90,8592019Assets 2020: $89,011Liabilities 2020: $12,220Net Assets 2020: $76,7912020Assets 2021: $156,099Liabilities 2021: $73,251Net Assets 2021: $82,8482021Assets 2022: $150,109Liabilities 2022: $60,807Net Assets 2022: $89,3022022Assets 2023: $79,518Liabilities 2023: $65,2682023Assets 2024: $57,526Liabilities 2024: $87,021Net Assets 2024: -$29,4952024Assets 2025: $48,127Liabilities 2025: $83,745Net Assets 2025: -$35,6182025

Highlighted filing

2021

Assets$156,099
Liabilities$73,251
Net Assets$82,848

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $101,309Expenses 2015: $76,177Net Income 2015: $25,1322015Revenue 2016: $86,825Expenses 2016: $85,634Net Income 2016: $1,1912016Revenue 2017: $53,895Expenses 2017: $87,408Net Income 2017: -$33,5132017Revenue 2018: $76,994Expenses 2018: $84,868Net Income 2018: -$7,8742018Revenue 2019: $320,860Expenses 2019: $321,250Net Income 2019: -$3902019Revenue 2020: $93,370Expenses 2020: $107,438Net Income 2020: -$14,0682020Revenue 2021: $102,952Expenses 2021: $97,894Net Income 2021: $5,0582021Revenue 2022: $138,816Expenses 2022: $132,361Net Income 2022: $6,4552022Revenue 2023: $124,193Expenses 2023: $179,321Net Income 2023: -$55,1282023Revenue 2024: $137,768Expenses 2024: $181,513Net Income 2024: -$43,7452024Revenue 2025: $169,403Expenses 2025: $178,122Net Income 2025: -$8,7192025

Highlighted filing

2021

Revenue$102,952
Expenses$97,894
Net Income$5,058
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 19, 2021
Return Version
2020v4.0
Gross Receipts
$107,356
Mission and Program Overview

Mission

Support cabarrus county schools to create stimulating and engaging classrooms that inspire students to build their future.

Program Services

DescriptionGrantsExpenses
GRANTS ARE PROVIDED TO TEACHERS TO BRING HANDS-ON LEARNING IN A REAL-WORLD CONTEXT TO STUDENT LEARNING. STUDENTS BUILD TECHNICAL SKILLS, PRACTICE PROFESSIONAL SKILLS AND EXPLORE CAREERS. MONIES ARE USED FOR PROJECT SUPPLIES THAT ARE NOT FUNDED THROUGH NORMAL FUNDING SOURCES.$25,100$46,897
THE NC STATE TEACHING SCHOLAR PROGRAM IS A SPECIAL PARTNERSHIP DEVELOPED BETWEEN CABARRUS COUNTY SCHOOLS AND NC STATE UNIVERSITY TO RECRUIT TOP TEACHERS TO THE DISTRICT. REALIZING THAT MOST NEW TEACHERS ACCEPT POSITIONS WITH SCHOOL DISTRICTS WHERE THEY STUDENT TEACH AND REALIZING MOST EDUCATION MAJORS STUDENT TEACH IN CLOSE PROXIMITY TO THEIR COLLEGE, THIS PARTNERSHIP WORKS TO BRING TOP TALENT TO A BROADER SCOPE OF SCHOOL DISTRICTS.$5,000$5,000
THE FOUNDATION WORKS TO FUND INNOVATIVE AND CREATIVE TEACHING ACTIVITIES AND PROGRAMS, INSPIRE OUR EDUCATORS AND BUILD A COMMUNITY THAT SUPPORTS AND ADVOCATES FOR CABARRUS COUNTY SCHOOLS.$2,640$2,959
CCS TEACHER OF THE YEAR AWARD - PROVIDES CASH AWARDS TO 4 FINALISTS AND 1 WINNER. SUPERINTENDENT CHOICE ART AWARDS. PRINCIPAL APPRECIATION AWARDS.$2,896$2,896
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MERL HAMILTONPresident-$0--
GRACE MYNATTPast Preside-$0--
MICHAEL BURGNERVice Preside-$0--
JEANETTE TREXLERSecretary-$0--
OTIS GILLETTETreasurer-$0--
ANNA DOLLARBoard Member-$0--
SARA HEISERBoard Member-$0--
CORNELIA KERRBoard Member-$0--
DR CHRIS LOWDERBoard Member-$0--
GLENDA THOMASBoard Member-$0--
KELLY BUMGARDNERBoard Member-$0--
BOBBY JONESBoard Member-$0--
CARLA BLACKBoard Member-$0--
RONNYE BOONEBoard Member-$0--
TAMMY WHALEYBoard Member-$0--
GREG CRAWFORDBoard Member-$0--
KATE HIGHSMITHBoard Member-$0--
TROY SELBERGBoard Member-$0--
DENISE ADCOCKBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gift Catalog$19,657$19,657$4,279$15,378
Total Events$19,657$19,657$4,279$15,378
Filing and Contact Details

Filer

Filer Name
Cabarrus County Education
EIN
56-2226529
Phone
7042605608
Address
PO BOX 388, CONCORD, NC 28026-0388

Signing Officer

Name
Merl Hamilton
Title
President
Phone
7042605608
Signed
2021-11-19
Discuss with paid preparer
Yes

Preparer

Firm
Gordon Keeter & Co
Address
323 CODDLE MARKET DRIVE NW SUITE 11, CONCORD, NC 28027
Preparer
Heather Richter CPA
Phone
7047860171
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: cabarrus county schools address: 4401 old airport road concord, nc 28025 cash contribution: 25,100

Form 990-ez, Part I, Line 16

Expenses advertising & social media 50 supplies 213 paypal fees 631 bricks of honor 100 website expenses 2,022 mileage reimbursement 140 meals 35 dues 1,453 d&o 64 liability insurance 191 workers comp 1,087 filing fee 50 staff development 350 new teacher orientation 319 bank fees 100 total 6,805

Form 990-ez, Part I, Line 20

Prior period adj related to eidl advance 1,000

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 236 346 payroll tax liabilities 2,412 2,847 eidl loan 1,000 60,000 ppp loan 8,573 10,058

Form 990-ez, Part III

Support cabarrus county schools to create stimulating and engaging classrooms that inspire students to build their future.

Form 990-ez, Part III, Line 28

Grants are provided to teachers to bring hands-on learning in a real-world context to student learning. Students build technical skills, practice professional skills and explore careers. Monies are used for project supplies that are not funded through normal funding sources.

Form 990-ez, Part III, Line 30

The nc state teaching scholar program is a special partnership developed between cabarrus county schools and nc state university to recruit top teachers to the district. Realizing that most new teachers accept positions with school districts where they student teach and realizing most education majors student teach in close proximity to their college, this partnership works to bring top talent to a broader scope of school districts.

Form 990-ez, Part III, Line 31

The foundation works to fund innovative and creative teaching activities and programs, inspire our educators and build a community that supports and advocates for cabarrus county schools.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1CCS TEACHER OF THE YEAR AWARD - PROVIDES CASH AWARDS TO 4 FINALISTS AND 1 WINNER. SUPERINTENDENT CHOICE ART AWARDS. PRINCIPAL APPRECIATION AWARDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2THE NC STATE TEACHING SCHOLAR PROGRAM IS A SPECIAL PARTNERSHIP DEVELOPED BETWEEN CABARRUS COUNTY SCHOOLS AND NC STATE UNIVERSITY TO RECRUIT TOP TEACHERS TO THE DISTRICT. REALIZING THAT MOST NEW TEACHERS ACCEPT POSITIONS WITH SCHOOL DISTRICTS WHERE THEY STUDENT TEACH AND REALIZING MOST EDUCATION MAJORS STUDENT TEACH IN CLOSE PROXIMITY TO THEIR COLLEGE, THIS PARTNERSHIP WORKS TO BRING TOP TALENT TO A BROADER SCOPE OF SCHOOL DISTRICTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3THE FOUNDATION WORKS TO FUND INNOVATIVE AND CREATIVE TEACHING ACTIVITIES AND PROGRAMS, INSPIRE OUR EDUCATORS AND BUILD A COMMUNITY THAT SUPPORTS AND ADVOCATES FOR CABARRUS COUNTY SCHOOLS.
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019657
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019657
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: CABARRUS COUNTY SCHOOLS ADDRESS: 4401 OLD AIRPORT ROAD CONCORD, NC 28025 CASH CONTRIBUTION: 25,100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING & SOCIAL MEDIA 50 SUPPLIES 213 PAYPAL FEES 631 BRICKS OF HONOR 100 WEBSITE EXPENSES 2,022 MILEAGE REIMBURSEMENT 140 MEALS 35 DUES 1,453 D&O 64 LIABILITY INSURANCE 191 WORKERS COMP 1,087 FILING FEE 50 STAFF DEVELOPMENT 350 NEW TEACHER ORIENTATION 319 BANK FEES 100 TOTAL 6,805
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJ RELATED TO EIDL ADVANCE 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 236 346 PAYROLL TAX LIABILITIES 2,412 2,847 EIDL LOAN 1,000 60,000 PPP LOAN 8,573 10,058
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPPORT CABARRUS COUNTY SCHOOLS TO CREATE STIMULATING AND ENGAGING CLASSROOMS THAT INSPIRE STUDENTS TO BUILD THEIR FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GRANTS ARE PROVIDED TO TEACHERS TO BRING HANDS-ON LEARNING IN A REAL-WORLD CONTEXT TO STUDENT LEARNING. STUDENTS BUILD TECHNICAL SKILLS, PRACTICE PROFESSIONAL SKILLS AND EXPLORE CAREERS. MONIES ARE USED FOR PROJECT SUPPLIES THAT ARE NOT FUNDED THROUGH NORMAL FUNDING SOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE NC STATE TEACHING SCHOLAR PROGRAM IS A SPECIAL PARTNERSHIP DEVELOPED BETWEEN CABARRUS COUNTY SCHOOLS AND NC STATE UNIVERSITY TO RECRUIT TOP TEACHERS TO THE DISTRICT. REALIZING THAT MOST NEW TEACHERS ACCEPT POSITIONS WITH SCHOOL DISTRICTS WHERE THEY STUDENT TEACH AND REALIZING MOST EDUCATION MAJORS STUDENT TEACH IN CLOSE PROXIMITY TO THEIR COLLEGE, THIS PARTNERSHIP WORKS TO BRING TOP TALENT TO A BROADER SCOPE OF SCHOOL DISTRICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FOUNDATION WORKS TO FUND INNOVATIVE AND CREATIVE TEACHING ACTIVITIES AND PROGRAMS, INSPIRE OUR EDUCATORS AND BUILD A COMMUNITY THAT SUPPORTS AND ADVOCATES FOR CABARRUS COUNTY SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MERL HAMILTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CABARRUS COUNTY EDUCATION
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ReturnHeader/Filer/EIN0562226529
ReturnHeader/Filer/PhoneNum07042605608
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ReturnHeader/Filer/USAddress/CityNm0CONCORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028027
ReturnHeader/PreparerPersonGrp/PhoneNum07047860171
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEATHER RICHTER CPA
ReturnHeader/ReturnTs02021-12-21T13:43:27-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MERL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAMILTON
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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