Cabarrus County Education Foundation Inc.

“The tax return was amended to remove a contribution that had been improperly accrued at the time of the original tax filing. This decreased the organizations revenue by 30,000. In addition the payroll expense needed to be decreaed due to the effects of the employee retention tax credit, this decreased the expenses by 12,000. The net effect of these changes is a reduction in net income of 18,000, which changes line 18 from an excess of 6,455 to a deficit of 11,545.”

“Expenses advertising & social media 651 marketing event 845 supplies 1,317 payment processing fees 1,586 website expenses 1,933 computer hardware 2,179 software expense 78 mileage reimbursement 402 meals 300 workers comp 627 other insurance 403 filing fee 52 staff development 304 new teacher orientation 3,356 staff hiring 114 reading mentor program 11,474 career connections day 8,116 dues and subscriptions 1,874 miscellaneous 342 total 35,953”

“Accounts receivable 0 745 ertc payroll tax credit receivable 0 12,000 total 0 12,745”

“Accounts payable and accrued expenses 347 887 payroll tax liabilities 2,847 3,004 eidl loan 60,000 56,916 ppp loan 10,058 0”

“Plant the seeds for our future workforce and create tomorrow's leaders by providing experiential learning experiences for students in cabarrus county schools that build critical life skills.”

“Reading + mentoring 4 success program strives to create a love for reading in students. A three-fold approach is utilized: encourage pleasure reading by implementing a reading incentive plan. Build students' at-home libraries so they have access to reading materials anytime. Provide striving readers one-on-one reading mentoring to build reading skills so students achieve proficiency and gain confidence in their academic success.”

“Cabarrus county career connections day (c4) is an interactive hands-on career development day where students can explore potential careers, interact with local employers and hear dynamic speakers prepare them for the workforce. This event introduces students to internships, apprenticeships, summer employment, part-time and full-time employment opportunities.”

“Cabarrus county teacher of the year program honors those who positively impact their students, schools and communities alike and are teacher leaders at the school and district levels. Through this program, we seek to encourage those that stand out among their peers and inspire others to follow their lead. The four finalists and 1 winner receive cash awards, while each of cabarrus county schools' 44 schools' teacher of the year are recognized with a gift basket.”

“Superintendent choice art awards recognize the chosen piece of artwork from the elementary, middle and high school levels that will be displayed as part of the superintendents permanent art collection. Each level winner is given a monetary award for their selection of this honor. The foundation held a new teacher orientation breakfast for new teachers in cabarrus county. They also provided classroom grants of instructional materials and supplies.”