Civic Intelligence

Wake Education Partnership

990 • Fiscal year 2015 • EIN 58-1518182

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 12, 2016

706 Hillsborough StreetRaleigh, NC 27603

(919) 821-7609

Siviq Scores

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

Liabilities / Assets

77th percentile

0.32x

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

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.08x

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

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Net Margin

25th percentile

-6.4%

Higher net margin than 25% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$149,087

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2015 filings • NTEE B • $500k-$1M nonprofits • Source year 2015

Asset Growth

44th percentile

-0.2%

Faster asset growth than 44% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

61st percentile

7.9%

Faster revenue growth than 61% of similar nonprofits.

2015 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$172,612

Down $368 (-0.2%) from 2014

Net Assets

Down

$117,511

Down $37,814 (-24%) from 2014

Liabilities

Up

$55,101

Up $37,446 (+212%) from 2014

Revenue

Up

$726,216

Up $53,453 (+7.9%) from 2014

Expenses

Up

$772,992

Up $125,476 (+19%) from 2014

Net Income

Down

-$46,776

Down $72,023 (-285%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $288,380Liabilities 2011: $75,111Net Assets 2011: $213,2692011Assets 2012: $243,432Liabilities 2012: $105,556Net Assets 2012: $137,8762012Assets 2013: $220,480Liabilities 2013: $90,402Net Assets 2013: $130,0782013Assets 2014: $172,980Liabilities 2014: $17,655Net Assets 2014: $155,3252014Assets 2015: $172,612Liabilities 2015: $55,101Net Assets 2015: $117,5112015Assets 2016: $222,044Liabilities 2016: $109,917Net Assets 2016: $112,1272016Assets 2017: $2,671,540Liabilities 2017: $102,500Net Assets 2017: $2,569,0402017Assets 2018: $2,773,761Liabilities 2018: $138,498Net Assets 2018: $2,635,2632018Assets 2019: $2,756,110Liabilities 2019: $239,370Net Assets 2019: $2,516,7402019Assets 2020: $2,803,904Liabilities 2020: $239,429Net Assets 2020: $2,564,4752020Assets 2021: $3,463,245Liabilities 2021: $186,715Net Assets 2021: $3,276,5302021Assets 2022: $3,277,721Liabilities 2022: $261,195Net Assets 2022: $3,016,5262022Assets 2023: $3,265,124Liabilities 2023: $334,400Net Assets 2023: $2,930,7242023Assets 2024: $3,781,366Liabilities 2024: $355,834Net Assets 2024: $3,425,5322024

Highlighted filing

2015

Assets$172,612
Liabilities$55,101
Net Assets$117,511

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $697,2472011Expenses 2012: $747,3072012Revenue 2013: $724,652Expenses 2013: $739,060Net Income 2013: -$14,4082013Revenue 2014: $672,763Expenses 2014: $647,516Net Income 2014: $25,2472014Revenue 2015: $726,216Expenses 2015: $772,992Net Income 2015: -$46,7762015Revenue 2016: $671,059Expenses 2016: $676,443Net Income 2016: -$5,3842016Revenue 2017: $3,063,785Expenses 2017: $644,093Net Income 2017: $2,419,6922017Revenue 2018: $755,999Expenses 2018: $743,219Net Income 2018: $12,7802018Revenue 2019: $626,765Expenses 2019: $812,009Net Income 2019: -$185,2442019Revenue 2020: $538,962Expenses 2020: $716,483Net Income 2020: -$177,5212020Revenue 2021: $537,630Expenses 2021: $658,404Net Income 2021: -$120,7742021Revenue 2022: $589,411Expenses 2022: $849,415Net Income 2022: -$260,0042022Revenue 2023: $1,248,871Expenses 2023: $1,334,673Net Income 2023: -$85,8022023Revenue 2024: $1,951,969Expenses 2024: $1,605,208Net Income 2024: $346,7612024

Highlighted filing

2015

Revenue$726,216
Expenses$772,992
Net Income-$46,776
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 12, 2016
Return Version
2014v6.0
Gross Receipts
$741,243
Mission and Program Overview

Mission

Helping business leaders, elected officials and educators work toward the common goal of increasing student performance measured against world-class academic standards. Focus areas: promoting best instructional practices, connecting education resources and engaging leaders to create an environment for learning and academic excellence in wake county.

Independent nonprofit dedicated to making world class schools possible in wake county through business and community involvement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$129,442$72,812▼ $56,630
Cash and Non-Interest-Bearing Accounts$10,549$53,564▲ $43,015
Prepaid Expenses and Deferred Charges$17,430$19,309▲ $1,879
Pledges and Grants Receivable$6,107$13,326▲ $7,219
Land, Buildings, and Equipment, Net$8,255$11,090▲ $2,835
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$172,980$172,612▼ $368
Other Assets Total$1,197$2,511▲ $1,314
Liabilities
Accounts Payable and Accrued Expenses$17,655$55,101▲ $37,446
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$17,655$55,101▲ $37,446
Net Assets / Fund Balance
Temporarily Rstr Net Assets$79,294$96,308▲ $17,014
Unrestricted Net Assets$76,031$21,203▼ $54,828
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$155,325$117,511▼ $37,814
Total Liabilities and Net Assets / Fund Balance$172,980$172,612▼ $368

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,133$71,544$80,677
Other Land Buildings$1,957$35,510$37,467
Leasehold Improvements-$15,958$15,958
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
C Steve ParrottPresidentFT$129,800$19,287$149,087
Heather CampbellFinance DirectorPT$18,000-$18,000

Board Members and Trustees

NameTitle
Robert HatleyLeadership Council Chair
Allison ReidDirector
Andrew KriemanDirector
CHRISTINA O'NEILLDirector
Cara GreeningDirector
Caroline MccullenDirector
Christopher BellDirector
Damon DishmanDirector
Dana YeganianDirector
Don EspositoDirector
Doug SprecherDirector
Douglas HornbergerDirector
E Gordon Brown JrDirector
Gary GreeneDirector
Gary LewisDirector
James E Brown JrDirector
Jason LemonsDirector
Jason MooneyhamDirector
Jay WisseDirector
Jeffrey BaneDirector
Jennifer PittmanDirector
Jim HartmannDirector
Jim MerrillDirector
Katherine PeeleDirector
Marcus SmithDirector
Marion RobinsonDirector
Mathias BishopDirector
Melissa BuscherDirector
Mitch LowerDirector
Monica BarnesDirector
Natalie PerkinsDirector
Rita JermanDirector
Robert BuhlerDirector
Robin CostelloDirector
Russell KillenDirector
Scott DudaDirector
Sharon ChavisDirector
Sharon D GuptonDirector
Steven SleeDirector
Walter TippettDirector
Ann GoodnightLeadership Council
Ben GoldsteinLeadership Council
Caroline SullivanLeadership Council
Christine KushnerLeadership Council
David T ClancyLeadership Council
Dudley E FloodLeadership Council
Frank a Daniels JrLeadership Council
G Smedes YorkLeadership Council
Harvey SchmittLeadership Council
Hayden J SilverLeadership Council
J Blount WilliamsLeadership Council
James H MaynardLeadership Council
James WestLeadership Council
Jessica HolmesLeadership Council
John JerniganLeadership Council
John MabeLeadership Council
Kenneth G ReeceLeadership Council
Lynne G GarrisonLeadership Council
Marty ClaytonLeadership Council
Patti GillenwaterLeadership Council
Richard DaughertyLeadership Council
Richard UrquhartLeadership Council
Robert L JonesLeadership Council
Sandy FainLeadership Council
Thomas B OxholmLeadership Council
Virginia ParkerLeadership Council
Wade M SmithLeadership Council
William Graham JrLeadership Council
Revenue and Support

Revenue Composition

Contributions and Grants
$642,079
Program Service Revenue
$0
Investment Income
$653
Other Revenue
$83,484
All Other Contributions
$642,079
Change in Net Assets
$-46,776

Audited Revenue Reconciliation

Revenue per Audited Statements
$726,216
Revenue Not Reported on Form 990
$144,583
Total Revenue per Audited Statements
$870,799
Total Revenue per Form 990
$726,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$480,809
Other Expenses$201,501
Total Fundraising Expense$157,088
Grants and Similar Amounts Paid$90,682
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,153$8,696$74,619$248,468
Current Officers, Directors, Trustees, and Key Employees$112,840$11,890$23,070$147,800
Grants to Domestic Individuals$90,532--$90,532
Occupancy$37,933$5,170$12,551$55,654
Other Employee Benefits$31,978$1,892$21,150$55,020
Fees for Services Other$40,915$5,065$8,435$54,415
Payroll Taxes$20,711$1,535$7,275$29,521
Office Expenses$9,897$3,370$3,273$16,540
Depreciation Depletion$4,176$569$1,383$6,128
Conferences and Meetings$1,444$324$595$2,363
Other Expenses$2$1,074$491$1,567
Travel$1,199$20$190$1,409
All Other Expenses$623--$623
Interest-$355-$355
Grants to Domestic Orgs$150--$150
Total Functional Expenses$573,617$42,287$157,088$772,992

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$908,613
Expenses per Audited Statements$772,992
Total Expenses per Form 990$772,992
Expenses Not Reported on Form 990$135,621
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$85,911
Fundraising Direct Expenses$15,027
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Stars of Educat$77,110$77,110$15,027$62,083
Other$8,801$8,801-$8,801
Total Events$85,911$85,911$15,027$70,884
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Compensation Review- Form 990, Part VI, Section B, Question 15

Review is performed by the board of directors chair using comparable non-profit executive salaries in the area and is shared with the executive committee for any decisions as to base salary and bonuses. The president reviews staff salaries also considering market rate for similar positions.

Public Documents Available-form 990, Part VI, Section C, Question 19

The organization's public documents are available upon request.

990 Review-form 990, Part VI, Section B, Line 11B

A draft copy is sent to the Finance Chair and the Finance Committee for review before the final copy is submitted. The board members receive an electronic copy before submission.

Family/business Relationship-form 990, Part VI, Section A, Line 2

Relationship: same org. First name last name organization employer j. Blount williams alfred williams & company employee gordon brown alfred williams & company -- employer james maynard investors management corp employee richard urquhart, iii investors management corp

Conflict of Interest Policy-form 990, Part VI, Section B, Line 12C

Each board member reviews the policy annually and signs a statement disclosing if conflicts exist. Members understand they can recuse themselves from any vote where a conflict exists.

Filing and Contact Details

Filer

Filer Name
Wake Education Partnership
EIN
58-1518182
In Care Of
% HEATHER CAMPBELL
Phone
9198217609
Address
706 HILLSBOROUGH STREET, RALEIGH, NC 27603

Signing Officer

Name
C Steve Parrott
Title
President
Phone
9198217609
Signed
2016-02-12
Discuss with paid preparer
Yes

Organization Details

Formed
1983
Legal Domicile
Nc
Voting Board Members
35
Independent Board Members
35
Employees
8
Volunteers
62

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Michelle W Lemanski
Phone
9197878212
Supplemental Narrative

Additional Explanations

Other Program Services Descriptions-form 990, Part III, Line 4D

Chamber relations - staff works with multiple wake county chambers of commerce to provide timely and relevant education content to their members. In october 2014, wakeed president steve parrott and wcpss superintendent jim merrill launched the wake education advisory council comprised of leaders from the 12 wake county chambers of commerce along with wakeed leadership. The council meets quarterly to discuss "hot" topics in public education and to explore opportunities for chambers to work with wakeed and wcpss. Excellence in action - excellence in action uses evidence-based criteria to identify best educational practices in wake county public schools. Once best practices were confirmed, wakeed scheduled school site visits for small groups of business leaders and elected officials to these selected schools to engage with school adminstrators, teachers and students to better understand "what's working in the classroom(s)." the benefit generates resource and community support to replicate these practices throughout wake county public schools. Morrisville elementary school was selected where science specialist marcia ferreira has used two of wakeed's teacher innovation grants to support science instruction for all k-5th grade students. The first grant enabled her to equip a science lab for all students and the second helped her take science instruction beyond the classroom by supporting a butterfly garden for the entire school. Academically, morrisville elementary has shown increases in 5th grade science test scores and teachers are integrating science instruction and innovation across all grade levels. World cafe - together, wakeed and wcpss plan and execute an annual world cafe event that puts teachers and principals of wcpss stem and global network schools at the table with wake county business leaders. At this annual event, schools use focused networking time to brainstorm potential projects for classroom and school-wide engagement in stem and global studies. They discuss and explore potential school/business partnerships where business volunteers provide "time and talent" to supplement classroom instruction. 60 businesses and schools paired at biogen on january 6, 2015 to engage in discussion that led to engineering days, coding clubs, business field trips, professional speakers for classrooms, landscaping, mentoring, etc. Education forum - the annual education forum was conducted in partnership with the greater raleigh chamber of commerce. The morning event in may 2015 featured an important public education topic (teacher recruitment and retention) and gathered business leaders, elected officials, and educators to explore non-salary options for retaining our most effective educators. Barnett berry, the ceo for the center for teaching quality, presented an interactive keynote regarding these efforts and how other districts nationally and internationally are supporting the teacher experience. Stars of education - stars of education, presented by pnc, is the signature event for wakeed partnership. Each year we gather business, education and community leaders to celebrate public education and honor those who form the backbone of the largest school district in north carolina-wake county public school system (wcpss). Stars for the event include the winners of the prestigious vernon malone friend of education award and new inductees into the wcpss hall of fame. In addition, wakeed honors the recipients of teacher innovation grants. As our major fundraiser, stars of education forms the foundation for what we are able to accomplish each year in support of our overall mission and goals. Informing the community - an important role of wakeed is to inform the public, business leaders and elected officials about what works in schools and classrooms to promote academic growth. We also provide clear, independent commentary and review of education policy issues. In context and wakeedge publications are used as primary communications channels

Financial Statement Notes

Fundraising Direct Expenses

Direct expenses related to fundraising events reported on 990, part viii, line 8b= $15,027.

Uncertain Tax Positions-schedule D, Part X, Line 2

Management of the partnership does not believe the financial statements include any uncertain tax positions.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0CHRISTOPHER BELL
IRS990/Form990PartVIISectionAGrp/PersonNm1MATHIAS BISHOP
IRS990/Form990PartVIISectionAGrp/PersonNm2E GORDON BROWN JR
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBIN COSTELLO
IRS990/Form990PartVIISectionAGrp/PersonNm4MELISSA BUSCHER
IRS990/Form990PartVIISectionAGrp/PersonNm5DAMON DISHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6SCOTT DUDA
IRS990/Form990PartVIISectionAGrp/PersonNm7DON ESPOSITO
IRS990/Form990PartVIISectionAGrp/PersonNm8GARY GREENE
IRS990/Form990PartVIISectionAGrp/PersonNm9SHARON D GUPTON
IRS990/Form990PartVIISectionAGrp/PersonNm10RUSSELL KILLEN
IRS990/Form990PartVIISectionAGrp/PersonNm11JASON LEMONS
IRS990/Form990PartVIISectionAGrp/PersonNm12CAROLINE MCCULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm13JASON MOONEYHAM
IRS990/Form990PartVIISectionAGrp/PersonNm14KATHERINE PEELE
IRS990/Form990PartVIISectionAGrp/PersonNm15MARION ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm16WALTER TIPPETT
IRS990/Form990PartVIISectionAGrp/PersonNm17DOUG SPRECHER
IRS990/Form990PartVIISectionAGrp/PersonNm18JAY WISSE
IRS990/Form990PartVIISectionAGrp/PersonNm19DAVID T CLANCY
IRS990/Form990PartVIISectionAGrp/PersonNm20RICHARD DAUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm21DUDLEY E FLOOD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.78$0.36$3.43$1.95$1.61$0.35
2023Detailed filing. Detailed filing data is available for this year.$3.27$0.33$2.93$1.25$1.33$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.28$0.26$3.02$0.59$0.85$0.26
2021Detailed filing. Detailed filing data is available for this year.$3.46$0.19$3.28$0.54$0.66$0.12
2020Detailed filing. Detailed filing data is available for this year.$2.80$0.24$2.56$0.54$0.72$0.18
2019Detailed filing. Detailed filing data is available for this year.$2.76$0.24$2.52$0.63$0.81$0.19
2018Detailed filing. Detailed filing data is available for this year.$2.77$0.14$2.64$0.76$0.74$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.67$0.10$2.57$3.06$0.64$2.42
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.11$0.11$0.67$0.68$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.06$0.12$0.73$0.77$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.02$0.16$0.67$0.65$0.03
2013Summary only. Only limited summary data is available for this year.$0.22$0.09$0.13$0.72$0.74$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.11$0.14$0.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.08$0.21$0.70