North Carolina Business Committee for Education Inc

What it reported doing in 2024

Work-based learning programs: ready, set, app is an annual app development competition that began in 2019 and was built in partnership with lenovo. This statewide initiative challenges nc high school stu-dents to create a mobile app to address a problem in their school or community. Ready, set, app focuses on three primary pillars: mobile app development, professional and per-sonal development, and growing interpersonal and soft skills. Students get the chance to develop skills in coding, graphic design, video editing, presenting, collaborating, and much more. Seed (southeastern economic and education development) summer pre- apprenticeship program for high school students and recent graduates with pathways in industrial systems & agriculture. Everyone charging forward program is a 30-million, 10-year siemens foundation initia-tive creating accessible career pathways in ev manufacturing and charging. It was launched to meet the growing demand for skilled workers in the rapidly expanding ev sector students@work is a career awareness program implemented by the gubernatorial proc-lamation that introduces nc middle school students to businesses and careers. Students are hosted (in person or virtually) by employers to learn about career pathways in real-world business environments. Career awareness is a critical first step in adding relevancy to aca-demics and positioning students to navigate career pathways successfully. Many students are unaware of the many careers available within their state, and students@work helps bridge this gap. Linking North Carolina with innovative talent (linc-it) is a collaborative model that supports autistic early career professionals in finding internships and jobs and addresses employers' need for diverse, educated talent. By leveraging funding from vocational rehabilitation, job coaching is provided for interns and their managers to support success in the workplace. Governor's educator discovery award provides professional development opportunities to exemplary and innovative educators by providing monetary support to cover the costs of participating in professional development. Each cycle, educators across the state submit applications, and after careful review, a few select teachers are awarded the 1,000 stipends. Navigator is an online site for nc educators to source work-based learning opportunities, including career profiles, guest speakers, internships, worksite tours, and apprenticeships. The platform allows employers to track school engagement and educators to track work-based learning experiences for their students. The service is offered at no cost to employers or schools.

Financial Efficiency

• Mission deployment rate: 80.7%; rating input score 81
• Program expense ratio: 93.8%; rating input score 94
• Fundraising efficiency: $371.73 raised per $1 spent on fundraising; rating input score 95; 95th 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: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 96.4%; rating input score 96; 26th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 14.1%; rating input score 69; 69th percentile among comparable filings
• Total-asset coverage ratio: 0.7; rating input score 26; 26th percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 49; 49th percentile among comparable filings
• Officer compensation ratio: Limited

Growth

• Program expense growth: 29.7% per year; rating input score 100; 92nd percentile among comparable filings
• Revenue growth: 24.5% per year; rating input score 100; 91st percentile among comparable filings
• Asset growth: 15.7% per year; rating input score 100; 76th percentile among comparable filings