Civic Intelligence

The Davidson County Education Foundation Inc

990 • Fiscal year 2023 • EIN 58-2008178

Jul 01, 2022 to Jun 30, 2023 • Filed on Jun 09, 2024

PO Box 444Lexington, NC 27293-0444

(336) 905-0976

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • NTEE T30 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.00x

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

2023 filings • NTEE T30 • $500k-$1M nonprofits • Source year 2023

Net Margin

86th percentile

49%

Higher net margin than 86% of similar nonprofits.

2023 filings • NTEE T30 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$5,800

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2023 filings • NTEE T30 • $500k-$1M nonprofits • Source year 2023

Asset Growth

58th percentile

7.4%

Faster asset growth than 58% of similar nonprofits.

2023 filings • NTEE T30 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-11%

Faster revenue growth than 32% of similar nonprofits.

2023 filings • NTEE T30 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$640,683

Flat from 2023

Net Assets

Flat

$640,683

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Flat

$63,733

Flat from 2023

Expenses

Flat

$32,687

Flat from 2023

Net Income

Flat

$31,046

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $556,953Liabilities 2011: $0Net Assets 2011: $556,9532011Assets 2012: $540,211Liabilities 2012: $0Net Assets 2012: $540,2112012Assets 2013: $528,787Liabilities 2013: $0Net Assets 2013: $528,7872013Assets 2014: $489,881Liabilities 2014: $0Net Assets 2014: $489,8812014Assets 2015: $484,981Liabilities 2015: $0Net Assets 2015: $484,9812015Assets 2016: $475,247Liabilities 2016: $0Net Assets 2016: $475,2472016Assets 2017: $498,831Liabilities 2017: $0Net Assets 2017: $498,8312017Assets 2018: $518,431Liabilities 2018: $0Net Assets 2018: $518,4312018Assets 2019: $524,554Liabilities 2019: $0Net Assets 2019: $524,5542019Assets 2020: $632,498Liabilities 2020: $0Net Assets 2020: $632,4982020Assets 2021: $667,595Liabilities 2021: $0Net Assets 2021: $667,5952021Assets 2022: $596,384Liabilities 2022: $0Net Assets 2022: $596,3842022Assets 2023: $640,683Liabilities 2023: $0Net Assets 2023: $640,6832023Assets 2023: $640,683Liabilities 2023: $0Net Assets 2023: $640,6832023Assets 2024: $665,357Liabilities 2024: $0Net Assets 2024: $665,3572024

Highlighted filing

2023

Assets$640,683
Liabilities$0
Net Assets$640,683

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $17,526Expenses 2011: $44,723Net Income 2011: -$27,1972011Revenue 2012: $29,842Expenses 2012: $42,376Net Income 2012: -$12,5342012Revenue 2013: $27,338Expenses 2013: $54,625Net Income 2013: -$27,2872013Revenue 2014: $31,076Expenses 2014: $86,273Net Income 2014: -$55,1972014Revenue 2015: $36,281Expenses 2015: $41,181Net Income 2015: -$4,9002015Revenue 2016: $37,731Expenses 2016: $47,465Net Income 2016: -$9,7342016Revenue 2017: $75,047Expenses 2017: $51,463Net Income 2017: $23,5842017Revenue 2018: $71,914Expenses 2018: $52,314Net Income 2018: $19,6002018Revenue 2019: $62,449Expenses 2019: $56,326Net Income 2019: $6,1232019Revenue 2020: $128,123Expenses 2020: $20,179Net Income 2020: $107,9442020Revenue 2021: $109,310Expenses 2021: $74,213Net Income 2021: $35,0972021Revenue 2022: $71,253Expenses 2022: $142,464Net Income 2022: -$71,2112022Revenue 2023: $63,733Expenses 2023: $32,687Net Income 2023: $31,0462023Revenue 2023: $63,733Expenses 2023: $32,687Net Income 2023: $31,0462023Revenue 2024: $118,414Expenses 2024: $97,286Net Income 2024: $21,1282024

Highlighted filing

2023

Revenue$63,733
Expenses$32,687
Net Income$31,046
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jun 9, 2024
Return Version
2022v5.0
Gross Receipts
$407,844
Mission and Program Overview

Mission

The Davidson County Education Foundation is a non-profit, volunteer organization dedicated to the enrichment of educational opportunities in Davidson County. Our mission is to provide and support innovative programs that benefit the students of Davidson County.

The davidson county education foundation is a non-profit, volunteer organization dedicated to the enrichment of the educational opportunities in davidson county. Our mission is to provide and support innovative programs that benefit the students of davidson county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$596,384$640,683▲ $44,299
Investments in Publicly Traded Securities$280,161$306,477▲ $26,316
Savings and Temporary Cash Investments$275,890$243,191▼ $32,699
Cash and Non-Interest-Bearing Accounts$40,333$91,015▲ $50,682
Total Assets$596,384$640,683▲ $44,299
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$596,384$640,683▲ $44,299
Total Liabilities and Net Assets / Fund Balance$596,384$640,683▲ $44,299
Compensation and Service Providers

Employees

NameTitleBaseTotal
Laura KoontsAdmin. Direc$5,800$5,800

Board Members and Trustees

NameTitle
Margaret KingPresident
Alan FradyDirector
Brad GrimesDirector
Carla CarrickDirector
Dan TricaricoDirector
Jean MorrisonDirector
Johnathan BrownDirector
Kimberly ThompsonDirector
Linda MckayDirector
Londa PicketDirector
Mark HutsonDirector
Randall ParksDirector
Stephanie HallDirector
Susan HuneycuttDirector
Tonya RaganDirector
Kathy KoontsCo-treasurer
Tedman MyersCo-treasurer
Alan BeckEx-officio M
Dr Emily LipeEx-officio M
Tamera HolcombEx-offico Me
Kathy OliverSecretary
Teresa HuffmanVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$44,752
Program Service Revenue
$5,580
Investment Income
$13,401
Other Revenue
$0
All Other Contributions
$44,752
Change in Net Assets
$31,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,887
Grants and Similar Amounts Paid$5,800
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,800--$5,800
Fees for Services Management$5,580--$5,580
All Other Expenses$2,672--$2,672
Insurance$2,387--$2,387
Advertising$1,303--$1,303
Other Expenses$987--$987
Fees for Services Accounting$400--$400
Total Functional Expenses$32,687$0$0$32,687
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
The Davidson County Education
EIN
58-2008178
Phone
3369050976
Address
PO BOX 444, LEXINGTON, NC 27293-0444

Signing Officer

Name
Tedman Myers
Title
Co-treasurer
Phone
3369050976
Signed
2024-06-09

Organization Details

Principal Officer
Margaret King
Formed
1991
Voting Board Members
22
Independent Board Members
22
Employees
0

Preparer

Firm
Myers & Myers Pllc
Address
PO BOX 1205, LEXINGTON, NC 27293
Preparer
Tedman Myers CPA
Phone
3362485205
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The davidson county education foundation is a non-profit, volunteer organization dedicated to the enrichment of the educational opportunities in davidson county. Our mission is to provide and support innovative programs that benefit the students of davidson county.

Form 990, Part XI, Line 9

Increase to report investments at cost 13,253

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IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt013253
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1SCHOLARSHIP DISBURSEMENTS
IRS990/OtherExpensesGrp/Desc2TEACHER MINI GRANT DISB
IRS990/OtherExpensesGrp/Desc3STORAGE UNIT
IRS990/OtherExpensesGrp/ProgramServicesAmt08158
IRS990/OtherExpensesGrp/ProgramServicesAmt13000
IRS990/OtherExpensesGrp/ProgramServicesAmt22400
IRS990/OtherExpensesGrp/ProgramServicesAmt3987
IRS990/OtherExpensesGrp/TotalAmt08158
IRS990/OtherExpensesGrp/TotalAmt13000
IRS990/OtherExpensesGrp/TotalAmt22400
IRS990/OtherExpensesGrp/TotalAmt3987
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARGARET KING
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05580
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED MINI-GRANTS TO TEACHERS AND PRINCIPALS AND COMMUNITY IMPACT GRANTS TO STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02800
IRS990/ProgSrvcAccomActy2Grp/GrantAmt02800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt068787
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt048300
IRS990/PYInvestmentIncomeAmt02466
IRS990/PYOtherExpensesAmt089214
IRS990/PYRevenuesLessExpensesAmt0-71211
IRS990/PYSalariesCompEmpBnftPaidAmt04950
IRS990/PYTotalExpensesAmt0142464
IRS990/PYTotalRevenueAmt071253
IRS990/ReconcilationRevenueExpnssAmt031046
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05580
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0596384
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0640683
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0275890
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0243191
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt050332
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt068787
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt040456
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0121820
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt036633
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0318028
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03708
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02466
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06303
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt025816
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt043312
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt09288
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09288
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03708
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06303
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt025816
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt043312
IRS990ScheduleA/InvestmentIncomeCYPct00.12000
IRS990ScheduleA/InvestmentIncomePYPct00.14000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88310
IRS990ScheduleA/PublicSupportPY509Pct00.85650
IRS990ScheduleA/PublicSupportTotal509Amt0327316
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt059620
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt068787
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt040456
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0121820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt036633
IRS990ScheduleA/Total509Grp/TotalAmt0327316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt063328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt071253
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt045475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0128123
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt062449
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0370628
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0400
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt22400
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COMMUNITY IMPACT GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS FOR STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2MINI GRANTS FOR TEACHERS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt13
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt28
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DAVIDSON COUNTY EDUCATION FOUNDATION IS A NON-PROFIT, VOLUNTEER ORGANIZATION DEDICATED TO THE ENRICHMENT OF THE EDUCATIONAL OPPORTUNITIES IN DAVIDSON COUNTY. OUR MISSION IS TO PROVIDE AND SUPPORT INNOVATIVE PROGRAMS THAT BENEFIT THE STUDENTS OF DAVIDSON COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INCREASE TO REPORT INVESTMENTS AT COST 13,253
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0596384
IRS990/TotalAssetsEOYAmt0640683
IRS990/TotalAssetsGrp/BOYAmt0596384
IRS990/TotalAssetsGrp/EOYAmt0640683
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt044752
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032687
IRS990/TotalFunctionalExpensesGrp/TotalAmt032687
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0596384
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0640683
IRS990/TotalProgramServiceExpensesAmt032687
IRS990/TotalProgramServiceRevenueAmt05580
IRS990/TotalReportableCompFromOrgAmt05800
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018981
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt063733
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0596384

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.65$0.00$6.65$1.18$0.97$0.21
2023Detailed filing. Detailed filing data is available for this year.$6.41$0.00$6.41$0.64$0.33$0.31
2023Summary only. Only limited summary data is available for this year.$6.41$0.00$6.41$0.64$0.33$0.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$0.00$5.96$0.71$1.42$0.71
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$0.00$6.68$1.09$0.74$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.32$0.00$6.32$1.28$0.20$1.08
2019Summary only. Only limited summary data is available for this year.$5.25$0.00$5.25$0.62$0.56$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$0.00$5.18$0.72$0.52$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.00$4.99$0.75$0.51$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$0.38$0.47$0.10
2015Detailed filing. Detailed filing data is available for this year.$4.85$0.00$4.85$0.36$0.41$0.05
2014Summary only. Only limited summary data is available for this year.$4.90$0.00$4.90$0.31$0.86$0.55
2013Summary only. Only limited summary data is available for this year.$5.29$0.00$5.29$0.27$0.55$0.27
2012Summary only. Only limited summary data is available for this year.$5.40$0.00$5.40$0.30$0.42$0.13
2011Summary only. Only limited summary data is available for this year.$5.57$0.00$5.57$0.18$0.45$0.27