Civic Intelligence

The Governor Morehead Foundation

EIN 58-1873970 • 501(c)3 • Raleigh, NC

Pub. 78 Eligible990-N Coverage

Profile

The foundation supported students during 2023 by providing funds for the following programs: attendance at model united nations conferences in chapel hill, nc;funding for summer camp activities at camp abilities;senior ski trip;student school supplies, funding for interactive playground.

7413 Six Forks Road Box 207Raleigh, NC 27615

govenormoreheadfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$102,475

Up $14,208 (+16%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$102,475

Up $14,208 (+16%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin86th percentile

Revenue

Down

$43,356

Down $71,554 (-62%) from 2023

Expenses

Down

$26,828

Down $51,070 (-66%) from 2023

Net Income

Down

$16,528

Down $20,484 (-55%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2023: $88,267Liabilities 2023: $0Net Assets 2023: $88,2672023Assets 2024: $102,475Liabilities 2024: $0Net Assets 2024: $102,4752024

Highlighted filing

2024

Assets$102,475
Liabilities$0
Net Assets$102,475
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2023: $114,910Expenses 2023: $77,898Net Income 2023: $37,0122023Revenue 2024: $43,356Expenses 2024: $26,828Net Income 2024: $16,5282024

Highlighted filing

2024

Revenue$43,356
Expenses$26,828
Net Income$16,528
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$102,475
Liabilities
$0
Net assets
$102,475
Revenue
$43,356
Expenses
$26,828
Net income
$16,528
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$0.43$0.27$0.17
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$1.15$0.78$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 1, 2025
Return Version
2024v5.0
Gross Receipts
$43,356
Mission and Program Overview

Mission

The foundation supported students during 2023 by providing funds for the following programs: attendance at model united nations conferences in chapel hill, nc;funding for summer camp activities at camp abilities;senior ski trip;student school supplies, funding for interactive playground.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,207$75,412▲ $14,205
Savings and Temporary Cash Investments$27,060$27,063▲ $3
Total Assets$88,267$102,475▲ $14,208
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$88,267$94,637▲ $6,370
Net Assets With Donor Restrictions-$7,838-
Total Net Assets Fund Balance$88,267$102,475▲ $14,208
Total Liabilities and Net Assets / Fund Balance$88,267$102,475▲ $14,208
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Francisco ChavezPresident/ch
Rod PooleVice Chairma
Michael PerkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,350
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$0
All Other Contributions
$43,350
Change in Net Assets
$16,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,828
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$23,317--$23,317
Other Expenses$3,511--$3,511
Total Functional Expenses$26,828$0$0$26,828
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Govenor Morehead Foundation Inc
EIN
58-1873970
Phone
9197490862
Address
7413 SIX FORKS ROAD BOX 207, RALEIGH, NC 27615

Signing Officer

Name
Michael Perkins
Title
Treasurer
Phone
9197490862
Signed
2025-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Perkins
Voting Board Members
14
Independent Board Members
0
Employees
0

Preparer

Firm
Josh Ferrin CPA
Address
508 SAINT LUCIA CT, HOLLY SPRINGS, NC 27540-9328
Preparer
Josh C Ferrin
Phone
9196013557
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The foundation supported students during 2023 by providing funds for the following programs: attendance at model united nations conferences in chapel hill, nc;funding for summer camp activities at camp abilities;senior ski trip;student school supplies, funding for interactive playground.”

Form 990, Page 2, Part III, Line 4D

“The foundation supported students during 2023 by providing funds for the following programs: attendance at model united nations conferences in chapel hill, nc;funding for summer camp activities at camp abilities;senior ski trip;student school supplies, funding for interactive playground.”

Form 990, Part IX, Line 11G

“Program service 20,453 0 0 admin 2,864 0 0 total 23,317 0 0”

Form 990, Part XI, Line 9

“PRIOR ADJ -2,320”

Raw XML Appendix250 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION SUPPORTED STUDENTS DURING 2023 BY PROVIDING FUNDS FOR THE FOLLOWING PROGRAMS: ATTENDANCE AT MODEL UNITED NATIONS CONFERENCES IN CHAPEL HILL, NC;FUNDING FOR SUMMER CAMP ACTIVITIES AT CAMP ABILITIES;SENIOR SKI TRIP;STUDENT SCHOOL SUPPLIES, FUNDING FOR INTERACTIVE PLAYGROUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROGRAM SERVICE 20,453 0 0 ADMIN 2,864 0 0 TOTAL 23,317 0 0
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ReturnHeader/TaxPeriodEndDt02024-12-31
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