Civic Intelligence

Frances Lacy Elementary School Foundation

990 • Fiscal year 2020 • EIN 56-2272645

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization Profilewww.lacyfoundation.org
2001 Lake Boone TrailRaleigh, NC 27607

(919) 612-5085

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Net Margin

76th percentile

33%

Higher net margin than 76% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Asset Growth

80th percentile

43%

Faster asset growth than 80% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

20%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$250,736

Up $75,980 (+43%) from 2019

Net Assets

Up

$250,736

Up $75,980 (+43%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin76th percentile

Revenue

Up

$196,652

Up $32,390 (+20%) from 2019

Expenses

Down

$132,494

Down $24,133 (-15%) from 2019

Net Income

Up

$64,158

Up $56,523 (+740%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$400K$300K$200K$100K$0Assets 2011: $114,885Liabilities 2011: $02011Assets 2012: $140,671Liabilities 2012: $02012Assets 2013: $152,227Liabilities 2013: $02013Assets 2014: $175,001Liabilities 2014: $02014Assets 2015: $175,373Net Assets 2015: $175,3732015Assets 2016: $172,541Liabilities 2016: $0Net Assets 2016: $172,5412016Assets 2017: $176,202Liabilities 2017: $0Net Assets 2017: $176,2022017Assets 2018: $167,121Liabilities 2018: $0Net Assets 2018: $167,1212018Assets 2019: $174,756Liabilities 2019: $0Net Assets 2019: $174,7562019Assets 2020: $250,736Liabilities 2020: $0Net Assets 2020: $250,7362020Assets 2021: $330,508Liabilities 2021: $0Net Assets 2021: $330,5082021Assets 2022: $141,381Liabilities 2022: $0Net Assets 2022: $141,3812022Assets 2023: $130,915Liabilities 2023: $0Net Assets 2023: $130,9152023Assets 2024: $194,960Liabilities 2024: $0Net Assets 2024: $194,9602024Assets 2025: $186,972Liabilities 2025: $0Net Assets 2025: $186,9722025

Highlighted filing

2020

Assets$250,736
Liabilities$0
Net Assets$250,736
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $111,645Expenses 2011: $138,672Net Income 2011: -$27,0272011Revenue 2012: $139,867Expenses 2012: $114,081Net Income 2012: $25,7862012Revenue 2013: $153,980Expenses 2013: $142,424Net Income 2013: $11,5562013Revenue 2014: $172,356Expenses 2014: $149,582Net Income 2014: $22,7742014Revenue 2015: $151,351Expenses 2015: $150,979Net Income 2015: $3722015Revenue 2016: $182,564Expenses 2016: $185,116Net Income 2016: -$2,5522016Revenue 2017: $162,658Expenses 2017: $159,060Net Income 2017: $3,5982017Revenue 2018: $165,886Expenses 2018: $177,418Net Income 2018: -$11,5322018Revenue 2019: $164,262Expenses 2019: $156,627Net Income 2019: $7,6352019Revenue 2020: $196,652Expenses 2020: $132,494Net Income 2020: $64,1582020Revenue 2021: $262,570Expenses 2021: $206,308Net Income 2021: $56,2622021Revenue 2022: $293,646Expenses 2022: $500,251Net Income 2022: -$206,6052022Revenue 2023: $334,080Expenses 2023: $357,447Net Income 2023: -$23,3672023Revenue 2024: $371,485Expenses 2024: $343,081Net Income 2024: $28,4042024Revenue 2025: $338,823Expenses 2025: $359,572Net Income 2025: -$20,7492025

Highlighted filing

2020

Revenue$196,652
Expenses$132,494
Net Income$64,158
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$236,012
Mission and Program Overview

Mission

To provide for teachers and assistant teachers' salaries and benefits for additional positions outside of state budget to increase literacy and overall educational achievement goals at Frances Lacy Elementary School.

To enrich the educational experience for all Frances Lacy Elementary Students by funding assistant teachers and specialists' salaries that are out of the scope of the state budget.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$174,756$250,736▲ $75,980
Cash and Non-Interest-Bearing Accounts$147,549$190,619▲ $43,070
Investments Other Securities$26,358$21,709▼ $4,649
Savings and Temporary Cash Investments$849$0▼ $849
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$174,756$250,736▲ $75,980
Other Assets Total$0$38,408▲ $38,408
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$174,756$250,736▲ $75,980
Total Liabilities and Net Assets / Fund Balance$174,756$250,736▲ $75,980

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$38,408--
Other Securities$21,709--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$0$35,900▲ $2,825$0$38,408
2018$0$0→ $0$0-
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Allison CrumplerParty Chair
Kristen PatchParty Co-Chair
Gregg NewtonPresident
Emmett PerduePresident-Elect
Kimberly LayonVice President
Elizabeth SmithDirector
Mary Beth GinnDirector
Matt HoneycuttDirector
Sherri MillerPrincipal
Anna RoachPTA Liason
Anna MooreSecretary
Lucy AustinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$182,859
Program Service Revenue
$0
Investment Income
$7,345
Other Revenue
$6,448
All Other Contributions
$19,866
Change in Net Assets
$64,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$125,192
Other Expenses$7,302
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$125,192--$125,192
Advertising-$4,500-$4,500
Other Expenses-$1,604-$1,604
Insurance-$816-$816
Fees for Service Investment Mgmnt Fees-$382-$382
Total Functional Expenses$125,192$7,302$0$132,494
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,750
Fundraising Direct Expenses$39,302
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Lacy Live$208,743$45,750$7,524$38,226
Laps for Lacy$0---
Total Events$208,743$45,750$39,302$6,448
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
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“A review of current year Form 990 is reviewed, approved and then signed by the Treasurer.”

Form 990, Part VI, Section C, line 19

“Governing Documents, conflict of interest policy, and financial statements are available by request in writing to the board of directors.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Gregg Newton - 1429 Dogwood Lane, Raleigh, NC 27607.”

Filing and Contact Details

Filer

Filer Name
Frances Lacy Elementary Foundation
EIN
56-2272645
Phone
9196125085
Address
2001 Lake Boone Trail, Raleigh, NC 27607

Signing Officer

Name
Lucy Austin
Title
Treasurer
Phone
9196125085
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Gregg Newton
Formed
2001
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Heroux & Company LLP
Address
4700 Falls of Neuse Road Suite 110, Raleigh, NC 27609
Preparer
John P Heroux CPA
Phone
9197889570
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Added beginning balance of Endowment Fund to Balance Sheet assets 5,894.”

Financial Statement Notes

Part V, Line 4:

“The Marcia Alford Endowment is intended to be used as long-term planning and support for the Foundation. Currently the funding of additional teaching positions is the result of year to year fundraising efforts. With continued and sufficient growth of the Endowment, the hope is to have the ability to use this as an additional funding vehicle to provide support for one or more teaching positions every year.”

Raw XML AppendixShowing 400 of 439 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To enrich the educational experience for all Frances Lacy Elementary Students by funding assistant teachers and specialists' salaries that are out of the scope of the state budget.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt04500
IRS990/AdvertisingGrp/TotalAmt04500
IRS990/AllOtherContributionsAmt019866
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum09196125085
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02001 Lake Boone Trail
IRS990/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027607
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0147549
IRS990/CashNonInterestBearingGrp/EOYAmt0190619
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0162993
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0182859
IRS990/CYGrantsAndSimilarPaidAmt0125192
IRS990/CYInvestmentIncomeAmt07345
IRS990/CYOtherExpensesAmt07302
IRS990/CYOtherRevenueAmt06448
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt064158
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0132494
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0196652
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0Helped to staff assistant teachers, teaching specialists, and other classroom teachers at Frances Lacy Elementary, reducing student-to-teacher ratios and providing enhanced educational opportunities to all students.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0125192
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0382
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0382
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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/PersonNm0Gregg Newton
IRS990/Form990PartVIISectionAGrp/PersonNm1Elizabeth Smith
IRS990/Form990PartVIISectionAGrp/PersonNm2Sherri Miller
IRS990/Form990PartVIISectionAGrp/PersonNm3Kristen Patch
IRS990/Form990PartVIISectionAGrp/PersonNm4Lucy Austin
IRS990/Form990PartVIISectionAGrp/PersonNm5Emmett Perdue
IRS990/Form990PartVIISectionAGrp/PersonNm6Kimberly Layon
IRS990/Form990PartVIISectionAGrp/PersonNm7Anna Moore
IRS990/Form990PartVIISectionAGrp/PersonNm8Allison Crumpler
IRS990/Form990PartVIISectionAGrp/PersonNm9Mary Beth Ginn
IRS990/Form990PartVIISectionAGrp/PersonNm10Matt Honeycutt
IRS990/Form990PartVIISectionAGrp/PersonNm11Anna Roach
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/ReportableCompFromRltdOrgAmt00
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/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Principal
IRS990/Form990PartVIISectionAGrp/TitleTxt3Party Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5President-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Party Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11PTA Liason
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0162993
IRS990/FundraisingDirectExpensesAmt039302
IRS990/FundraisingGrossIncomeAmt045750
IRS990/GainOrLossGrp/OtherAmt0-58
IRS990/GainOrLossGrp/SecuritiesAmt06022
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt0125192
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0125192
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0125192
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06022
IRS990/GrossReceiptsAmt0236012
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0816
IRS990/InsuranceGrp/TotalAmt0816
IRS990/InvestmentExpenseAmt0382
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01381
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01381
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt026358
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt021709
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt058
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide for teachers and assistant teachers' salaries and benefits for additional positions outside of state budget to increase literacy and overall educational achievement goals at Frances Lacy Elementary School.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0174756
IRS990/NetAssetsOrFundBalancesEOYAmt0250736
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05964
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05964
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt06448
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt06448
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt05546
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt038408
IRS990/OtherChangesInNetAssetsAmt05894
IRS990/OtherExpensesGrp/Desc0Bank Service Charges
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01604
IRS990/OtherExpensesGrp/TotalAmt01604
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0J Gregg Newton
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0159501
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0145406
IRS990/PYInvestmentIncomeAmt0127
IRS990/PYOtherExpensesAmt011221
IRS990/PYOtherRevenueAmt04634
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt07635
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0156627
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0164262
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt064158
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0174756
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0250736
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0849
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0228609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0185940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0184916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0190631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0133389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0923485
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0923485
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0228609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0185940
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0184916
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0190631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0133389
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0923485
IRS990ScheduleA/TotalSupportAmt0923485
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0317
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt035900
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt038408
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02825
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt038408
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0The Marcia Alford Endowment Fund
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt021709
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Merrill Lynch Brokerage Account
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Marcia Alford Endowment is intended to be used as long-term planning and support for the Foundation. Currently the funding of additional teaching positions is the result of year to year fundraising efforts. With continued and sufficient growth of the Endowment, the hope is to have the ability to use this as an additional funding vehicle to provide support for one or more teaching positions every year.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt038408
IRS990ScheduleD/TotalBookValueSecuritiesAmt021709
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0162993
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0162993
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt039302
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03950
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03950
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Lacy Live
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Laps for Lacy
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt025740
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt025740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0208743
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0208743
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045750
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06448
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07524
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07524
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02088
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02088
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A review of current year Form 990 is reviewed, approved and then signed by the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing Documents, conflict of interest policy, and financial statements are available by request in writing to the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Gregg Newton - 1429 Dogwood Lane, Raleigh, NC 27607.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Added beginning balance of Endowment Fund to Balance Sheet assets 5,894.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VII Contact Addresses for Officers, Directors, Etc
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, line 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0125192
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Per Wake County Public School Sys
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Frances Lacy Elementary School
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0174756
IRS990/TotalAssetsEOYAmt0250736
IRS990/TotalAssetsGrp/BOYAmt0174756
IRS990/TotalAssetsGrp/EOYAmt0250736
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0182859
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07302
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0125192
IRS990/TotalFunctionalExpensesGrp/TotalAmt0132494
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0174756
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0250736
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0125192
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06448
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07345
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196652
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0174756
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0250736
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$250,736
Liabilities
$0
Net assets
$250,736
Revenue
$196,652
Expenses
$132,494
Net income
$64,158
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$3.39$3.60$0.21
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.00$1.95$3.71$3.43$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$3.34$3.57$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$2.94$5.00$2.07
2021Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$2.63$2.06$0.56
2020Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$1.97$1.32$0.64
2019Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$1.64$1.57$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$1.66$1.77$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$1.63$1.59$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$1.83$1.85$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.75$1.75$1.51$1.51$0.00
2014Summary only. Only limited summary data is available for this year.$1.75$0.00$1.72$1.50$0.23
2013Summary only. Only limited summary data is available for this year.$1.52$0.00$1.54$1.42$0.12
2012Summary only. Only limited summary data is available for this year.$1.41$0.00$1.40$1.14$0.26
2011Summary only. Only limited summary data is available for this year.$1.15$0.00$1.12$1.39$0.27