Watauga Education Foundation Inc

Nonprofit profile at a glance

EIN
581863113
IRS 990-EZ coverage
2018–2024
Forms available
Form 990 2017, Form 990-EZ 2024
Location
Boone, NC, USA
Phone
8282647190
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$106,347
Expenses
$71,050
Assets
$56,790
Liabilities
$0

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

Leadership & pay

12 people listed

People named in this filing

  • JANA DUKE (BOARD MEMBER)
  • ADAM JACKSON (BOARD MEMBER)
  • CHRISTY LOMBARDOZZI (BOARD MEMBER)

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

Benefit watauga county nc schools

What it reported doing in 2024

Grants were awarded to various special projects within the watauga county school system

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 100
  • Sustainability: 72
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.8%; rating input score 59
  • Program expense ratio: 87.7%; rating input score 88

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: 33.2%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.8; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 16% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: -11% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 58.8% of revenue deployed · 87.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $62K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2018 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.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.