Cabarrus County Education Foundation Inc

Nonprofit profile at a glance

EIN
562226529
IRS 990-EZ coverage
2016–2024
Forms available
Form 990-EZ 2024, Form 990-N 2013
Location
Concord, NC, USA
Phone
7049069803
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$169,403
Expenses
$178,122
Assets
$48,127
Liabilities
$83,745

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

People named in this filing

  • TROY SELBERG (CHAIR)
  • BOBBY JONES (VICE CHAIR)
  • CHRISTOPHER PARKER (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Plant the seeds for our future workforce and create tomorrow's leaders by providing experiantial learning experiences for students in cabarrus county schools that build critical life skills.

What it reported doing in 2024

STEM CONNECT empowers the next generation with the tools they need to thrive in a dynamic world through providing experiential learning opportunities for students. These opportunities bridge the gap between theoretical knowledge and real-world applications, equipping students with the skills and adaptability necessary to thrive in tomorrow's industries. By engaging learners in hands-on experiences, experiential learning cultivates critical thinking, problem-solving and teamwork, which are essential attributes sought by employers in the 21st century.

Operating model

Revenue model
Donor-supported. 67% of the money available for current operations came from contributions and gifts.
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 program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 100
  • Sustainability: 25
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.3%; rating input score 42
  • Program expense ratio: 40.2%; rating input score 40

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5.1%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 1.74; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 7.3% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 11.5% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: -5.9% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 42.3% of revenue deployed · 40.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $72K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 40/100.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.