Education Foundation Inc of Caldwell County
Nonprofit profile at a glance
- EIN
- 561659608
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Lenoir, NC, USA
- Phone
- 8287288407
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $631,858
- Expenses
- $429,950
- Assets
- $6,330,223
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- Pat Triplett (Executive Director)
- Ed Schultek (President)
- Pat Irwin (Past President 2024)
- David Eggers (Past President)
- Mark Transou (Past President)
- Renae Clark (Past President)
Highest reported compensation
- Pat Triplett (Executive Director): $53,431 total reported compensation
- Kathy McAteer (Office): $33,870 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Student & teacher scholarships
What it reported doing in 2024
Grants, Scholarships, Allocations: ABC Teacher Awards Grants, Scholarships, Allocations: Apples for Teachers Grants, Scholarships, Allocations: Associate of the Year Grants, Scholarships, Allocations: B. Deverick Scholarship Grants, Scholarships, Allocations: Battle of the Books Grants, Scholarships, Allocations: Bernhardt Creative Beginnings Grants, Scholarships, Allocations: Caldwell Little Read Grants, Scholarships, Allocations: Career Center House Funds: Career Center House #7 Grants, Scholarships, Allocations: Career Center House Funds: Career Center Loan Expense Grants, Scholarships, Allocations: Career Center House Funds: Other Grants, Scholarships, Allocations: Community Education Grants Grants, Scholarships, Allocations: Cowart Family Scholarship Grants, Scholarships, Allocations: First Robotics Grants, Scholarships, Allocations: Foundation other Grants, Scholarships, Allocations: Green Commission Scholarship Grants, Scholarships, Allocations: Jack Robbins Scholarship Grants, Scholarships, Allocations: Marvin Courtney Scholarship Grants, Scholarships, Allocations: Mollie Grace Dalton Grants, Scholarships, Allocations: OCS Bus Business: Fuel Expense Grants, Scholarships, Allocations: Other Grants, Scholarships, Allocations: Safe Kids: Bike Safety Grants, Scholarships, Allocations: Safe Kids: Child Seat Safety Grants, Scholarships, Allocations: Safe Kids: Other Grants, Scholarships, Allocations: Safety Fair Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Baton Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Collettsville Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Davenport A+ Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Dudley Shoals Elem. Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Early College Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Gamewell Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Gamewell Middle Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Granite Falls Elemtary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Granite Falls Middle Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Happy Valley Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Hibriten High Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Horizons Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Hudson Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Hudson Middle Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Kings Creek Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Lower Creek Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Sawmills Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: South Caldwell High Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Valmead Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: West Caldwell High Grants, Scholarships, Allocations: Student Activity Scholarship Fd: West Lenoir Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: Whitnel Elementary Grants, Scholarships, Allocations: Student Activity Scholarship Fd: William Lenoir Middle Grants, Scholarships, Allocations: Teachers Supplemental Fund Grants, Scholarships, Allocations: Tom McNeel Scholarship Grants, Scholarships, Allocations: Volunteer of the Year: Educator of the Year
Operating model
- Revenue model
- Investment-supported. 75% of the money available for current operations came from recurring investment income.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.3%; rating input score 66
- Program expense ratio: 77.7%; rating input score 78
- Fundraising efficiency: $182.78 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 32%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 14.72; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 20.3%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 1.3% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 4.9% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 66.3% of revenue deployed · 77.7% of spending went to programs
- Governance: 44 of 44 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $334K in reported program spending
- Leadership: top reported pay $53K · 34 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.