North Carolina Public Interest Research Group Educ Fund Inc

Nonprofit profile at a glance

EIN
562152392
IRS 990 coverage
2020–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
Raleigh, NC, USA
Phone
9198332070
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$198,075
Expenses
$107,653
Assets
$721,353
Liabilities
$92,378

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

Leadership & pay

3 people listed

Executive titles in this filing

  • Leigh-Anne Cole (President, Secretary, Director)
  • Marites Valasquez (Vice President, Treasurer, Director)

Highest reported compensation

  • Anna Solverson (Director): $47,414 total reported compensation
  • Leigh-Anne Cole (President, Secretary, Director): $2,371 total reported compensation

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

Overview

Mission

The purpose for which this corporation is organized is: To act on behalf of the public interest by means of charitable, educational, or any other activities within the meaning of Section 501(c)(3) of the Internal Revenue Code. Within these general purposes, the specific purposes include research and public education in the following areas: consumer protection, health and safety, environmental protection and preservation, energy policy and transportation, promotion of democratic processes, corporate and governmental accountability, and other issues of concern to the people of North Carolina and elsewhere.

What it reported doing in 2024

Researching and influencing public policy: staff engage in non-legislative activities including research, education, and policy development to stop the pollution of single-use plastics, promote consumer protection by strengthening regulations around product safety and working to give citizens the right to repair their own devices.

Operating model

Revenue model
Donor-supported. 100% 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 revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 92
  • Accountability: 52
  • Sustainability: 72
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 35.5%; rating input score 36
  • Program expense ratio: 65.3%; rating input score 65
  • Fundraising efficiency: $323.12 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 33.3%; rating input score 33; 15th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 45.7%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 6.7; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: -9.6% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -21% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 35.5% of revenue deployed · 65.3% of spending went to programs
  • Governance: 1 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $70K in reported program spending
  • Leadership: top reported pay $47K · 3 people listed
  • Consistency: 42 of 42 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 20 filed related-organization links
  • 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 36/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.