Lucille Hunter Gt-aig Magnet Elementary Foundation
Nonprofit profile at a glance
- EIN
- 822443047
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Raleigh, NC, USA
- Phone
- 9198567676
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $125,558
- Expenses
- $21,699
- Assets
- $244,169
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JANIE MORGAN (PRESIDENT)
People named in this filing
- JANIE MORGAN (PRESIDENT)
- CHRISTINE VANCE (VICE PRESIDE)
- KELLY WOOD (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
Teacher support & fund teacher positions
What it reported doing in 2024
Provide funds to hunter elementary gt/aig magnet school to prevent loss of teaching positions especially for arts, enrichment, aig and intervention.
Operating model
- Revenue model
- Other-operating. 76% of the money available for current operations came from other operating 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 2
- Transparency & Controls: 82
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.5%; rating input score 1
- Program expense ratio: 4.4%; rating input score 4
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 82.7%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 11.25; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -15.7% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 32.8% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 32.7% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 1.5% of revenue deployed · 4.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $950 in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 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.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- High — Financial Efficiency: Program expense ratio scored 4/100.
- High — Growth: Program expense growth scored 0/100.