Civic Intelligence

Wilkes Education Foundation Inc.

990 • Fiscal year 2014 • EIN 58-1652979

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 15, 2015

613 Cherry StreetNorth Wilkesboro, NC 28659

(336) 838-3175

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

65th percentile

9.4%

Higher net margin than 65% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

59th percentile

5.5%

Faster asset growth than 59% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

66th percentile

14%

Faster revenue growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$804,284

Up $41,637 (+5.5%) from 2013

Net Assets

Up

$804,284

Up $41,637 (+5.5%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$69,832

Up $8,616 (+14%) from 2013

Expenses

Up

$63,254

Up $4,692 (+8.0%) from 2013

Net Income

Up

$6,578

Up $3,924 (+148%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $716,976Liabilities 2010: $0Net Assets 2010: $716,9762010Assets 2011: $731,335Liabilities 2011: $0Net Assets 2011: $731,3352011Assets 2012: $769,302Liabilities 2012: $0Net Assets 2012: $769,3022012Assets 2013: $762,647Liabilities 2013: $0Net Assets 2013: $762,6472013Assets 2014: $804,284Liabilities 2014: $0Net Assets 2014: $804,2842014Assets 2015: $1,222,800Liabilities 2015: $0Net Assets 2015: $1,222,8002015Assets 2016: $1,218,652Liabilities 2016: $0Net Assets 2016: $1,218,6522016Assets 2017: $1,278,292Liabilities 2017: $0Net Assets 2017: $1,278,2922017Assets 2018: $1,365,838Liabilities 2018: $0Net Assets 2018: $1,365,8382018Assets 2019: $1,511,184Liabilities 2019: $0Net Assets 2019: $1,511,1842019Assets 2020: $1,587,280Liabilities 2020: $0Net Assets 2020: $1,587,2802020Assets 2021: $2,146,594Liabilities 2021: $0Net Assets 2021: $2,146,5942021Assets 2022: $1,700,492Liabilities 2022: $0Net Assets 2022: $1,700,4922022Assets 2023: $1,798,030Liabilities 2023: $0Net Assets 2023: $1,798,0302023Assets 2024: $1,858,962Liabilities 2024: $0Net Assets 2024: $1,858,9622024

Highlighted filing

2014

Assets$804,284
Liabilities$0
Net Assets$804,284

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $55,7902010Expenses 2011: $45,0902011Expenses 2012: $62,5502012Revenue 2013: $61,216Expenses 2013: $58,562Net Income 2013: $2,6542013Revenue 2014: $69,832Expenses 2014: $63,254Net Income 2014: $6,5782014Revenue 2015: $564,462Expenses 2015: $79,832Net Income 2015: $484,6302015Revenue 2016: $42,059Expenses 2016: $108,669Net Income 2016: -$66,6102016Revenue 2017: $63,279Expenses 2017: $129,799Net Income 2017: -$66,5202017Revenue 2018: $344,064Expenses 2018: $128,038Net Income 2018: $216,0262018Revenue 2019: $101,430Expenses 2019: $143,667Net Income 2019: -$42,2372019Revenue 2020: $146,582Expenses 2020: $120,673Net Income 2020: $25,9092020Revenue 2021: $645,067Expenses 2021: $171,588Net Income 2021: $473,4792021Revenue 2022: $111,873Expenses 2022: $214,479Net Income 2022: -$102,6062022Revenue 2023: $118,900Expenses 2023: $176,752Net Income 2023: -$57,8522023Revenue 2024: $146,753Expenses 2024: $164,851Net Income 2024: -$18,0982024

Highlighted filing

2014

Revenue$69,832
Expenses$63,254
Net Income$6,578
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 15, 2015
Return Version
2014v5.0
Gross Receipts
$449,749
Mission and Program Overview

Mission

To assist educational functions

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$762,647$804,284▲ $41,637
Investments in Publicly Traded Securities$747,885$796,600▲ $48,715
Savings and Temporary Cash Investments$14,762$7,684▼ $7,078
Total Assets$762,647$804,284▲ $41,637
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$762,647$804,284▲ $41,637
Total Liabilities and Net Assets / Fund Balance$762,647$804,284▲ $41,637
Compensation and Service Providers

Board Members and Trustees

NameTitle
Danny HolmanPresident
Arnold LakeyDirector
Bert GreeneDirector
Bob HegeDirector
Cathy HuieDirector
Charles BentleyDirector
David McneillDirector
Gordon BurnsDirector
James MotsingerDirector
Keith BentleyDirector
Larry StoneDirector
Marcia ReynoldsDirector
Marsh LyallDirector
Peggy Martin HalschDirector
Ron PearsonDirector
Vaughn HayesDirector
Wanda HutchinsonAdministrato
Bill MyersAsst. Treasu
Charles ParkerSecretary
Jody HambyTreasurer
Lee BentleyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$24,770
Program Service Revenue
$0
Investment Income
$48,565
Other Revenue
$-3,503
All Other Contributions
$1,652
Change in Net Assets
$6,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$57,250
Other Expenses$6,004
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$33,138--$33,138
Grants to Domestic Individuals$24,112--$24,112
Insurance-$1,929-$1,929
Fees for Services Accounting-$1,000-$1,000
Other Expenses-$33-$33
Total Functional Expenses$57,250$6,004$0$63,254
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wilkes County SchoolsNorth Wilkesboro, NCGovEducation$23,138
Wcc Endowment CorporationWilkesboro, NC501c3Scholarships$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,763
Fundraising Gross Income$4,260
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$27,378$4,260$7,763$-3,503
Total Events$27,378$4,260$7,763$-3,503
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
Backup withholding compliance
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
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, Page 6, Part VI, Line 11B

A copy of the form 990 is distributed to the board members at the quarterly meeting. After a review of the form 990, the board approves the return for filing.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wilkes Education Foundation Inc
EIN
58-1652979
Phone
3368383175
Address
613 CHERRY STREET, NORTH WILKESBORO, NC 28659

Signing Officer

Name
Jody R Hamby
Title
Treasurer
Phone
3368383175
Signed
2015-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danny Holman
Formed
1985
Legal Domicile
Nc
Voting Board Members
21
Independent Board Members
21
Employees
0

Preparer

Firm
Benson Blevins & Associates Pllc
Address
302 9TH ST PO BOX 1026, NORTH WILKESBORO, NC 28659-4106
Preparer
Charles E Kolstad
Phone
3368383175
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Unrealized (apprec)/depreciation 35,058 rounding 1 .

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IRS990/OtherExpensesGrp/TotalAmt295
IRS990/OtherExpensesGrp/TotalAmt333
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DANNY HOLMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION PROVIDED SCHOLARSHIPS TO LOCAL STUDENTS TO FURTHER THEIR EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024112
IRS990/ProgSrvcAccomActy2Grp/GrantAmt024112
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt024260
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt052443
IRS990/PYInvestmentIncomeAmt041756
IRS990/PYOtherExpensesAmt06119
IRS990/PYOtherRevenueAmt0-4800
IRS990/PYRevenuesLessExpensesAmt02654
IRS990/PYTotalExpensesAmt058562
IRS990/PYTotalRevenueAmt061216
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt06578
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0762647
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0804284
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014762
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07684
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt024770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt024260
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt029552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt027360
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt018490
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0124432
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039272
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt036666
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt033471
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037384
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034728
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0181521
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt011200
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.38620
IRS990ScheduleA/PublicSupportPY170Pct00.38970
IRS990ScheduleA/PublicSupportTotal170Amt0118170
IRS990ScheduleA/SubstantialContributorsTotAmt06262
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt024770
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt024260
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt029552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt027360
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt018490
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0124432
IRS990ScheduleA/TotalSupportAmt0305953
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt023118
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt023118
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07763
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027378
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027378
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04260
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt04260
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3503
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07763
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07763
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt024112
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/RecipientTable/CashGrantAmt023138
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WILKES COUNTY SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1WCC ENDOWMENT CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0566001133
IRS990ScheduleI/RecipientTable/RecipientEIN1237338790
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0613 CHERRY STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1DRAWER 120 COLLEGIATE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NORTH WILKESBORO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1WILKESBORO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028659
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128697
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS TO TEACHERS WITHIN THE WILKES COUNTY SCHOOL SYSTEM ARE MONITORED IN THE SUBSEQUENT YEAR OF THE GRANT. A REPRESENTATIVE OF THE ORGANIZATION MAKES A SITE VISIT TO DISCUSS THE USE OF GRANT FUNDS WITH THE RECIPIENT. A DEMONSTRATION OF THE PROGRAM FUNDED BY THE GRANT USUALLY TAKES PLACE. THIS PROVIDES THE ORGANIZATION WITH FEEDBACK USED TO JUDGE THE SUCESS OR FAILURE OF THE GRANT AND WHETHER TO CONTINUE SUCH A GRANT IN THE IN THE FUTURE. GRANTS TO WCC ENDOWMENT CORPORATION. REPRESENTATIVE FROM COLLEGE GIVES REPORT ON USE OF SCHOLARSHIP FUNDS TO THE BOARD ON AN ANNUAL BASIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS DISTRIBUTED TO THE BOARD MEMBERS AT THE QUARTERLY MEETING. AFTER A REVIEW OF THE FORM 990, THE BOARD APPROVES THE RETURN FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNREALIZED (APPREC)/DEPRECIATION 35,058 ROUNDING 1 .
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0762647
IRS990/TotalAssetsEOYAmt0804284
IRS990/TotalAssetsGrp/BOYAmt0762647
IRS990/TotalAssetsGrp/EOYAmt0804284
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt024770
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06004
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt057250
IRS990/TotalFunctionalExpensesGrp/TotalAmt063254

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.00$1.86$0.15$0.16$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.00$1.80$0.12$0.18$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.00$1.70$0.11$0.21$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$0.00$2.15$0.65$0.17$0.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.00$1.59$0.15$0.12$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.00$1.51$0.10$0.14$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$0.34$0.13$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.06$0.13$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.00$1.22$0.04$0.11$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.56$0.08$0.48
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.07$0.06$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.06$0.06$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.00$0.77$0.06
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.00$0.73$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $500k-$1M nonprofits