Bertie Educational Foundation Inc
Nonprofit profile at a glance
- EIN
- 560905835
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Merry Hill, NC, USA
- Phone
- 2524824748
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $2,476,776
- Expenses
- $1,856,023
- Assets
- $2,361,499
- Liabilities
- $316,528
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- Jon Powell (Chair)
- Jonathan Lundy (Vice Chair)
- Alissa Cale (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lawrence Academy exists for the sole purpose of providing students with excellent teachers and coaches so students have the opportunities and challanges to maximize their educational experience.
What it reported doing in 2024
Student activities such as athletics, cheerleading, Beta Club, student council, yearbook, PTO, library, trips, etc.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51%; rating input score 51
- Program expense ratio: 68.1%; rating input score 68
- Fundraising efficiency: $3.95 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 25.1%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.27; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 51% of revenue deployed · 68.1% of spending went to programs
- Governance: 10 of 10 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- High — Financial Efficiency: Fundraising efficiency scored 12/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.