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Nonprofit · EIN 13-4264393

LEE COUNTY EDUCATIONAL FOUNDATION

Tax-exempt · SANFORD, NC 27331

Financials

$384K$157K2024
Revenue Expenses · by fiscal year end
Financials of LEE COUNTY EDUCATIONAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$383,704$156,834$226,870$1,782,322$0$1,782,322
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$254,159
Program service revenue
$0
Investment income
$129,545
Net gain from sales of assets
$90,885
Other revenue
$0

Expenses

Grants and similar amounts paid
$134,836
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$69
Program services (functional)
$134,836
Management and general (functional)
$21,998

Balance sheet and other

Total assets, start of year
$1,518,561
Total assets, end of year
$1,782,322
Total liabilities, end of year
$0
Net assets, end of year
$1,782,322
Gross receipts
$943,802
Employees
0
Volunteers
0
Year formed
2003
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
VICKI O HAISLIPEXECUTIVE DIRECTOR
Officer
1$4,500
GEORGE R PERKINS JRBOARD MEMBER
Trustee or director
1$0
W KEL NORMANNBOARD MEMBER
Trustee or director
1$0
DENNIS A WICKERBOARD MEMBER
Trustee or director
1$0
ROB PATTERSONBOARD MEMBER
Trustee or director
1$0
CHARLIE L WELBORNBOARD MEMBER/TREASURER
Trustee or director, Officer
1$0
T CHESTER MANN IIIBOARD MEMBER
Trustee or director
1$0
KIRK J BRADLEYBOARD MEMBER
Trustee or director
1$0
TEMPLE SLOAN JRBOARD MEMBER
Trustee or director
1$0
WILLIAM E HORNER IIIBOARD MEMBER
Trustee or director
1$0
JAMES C KELLY JRBOARD MEMBER
Trustee or director
1$0
SUSAN W KELLERBOARD MEMBER/CHAIRMAN
Trustee or director, Officer
1$0
SHAY P BENTONBOARD MEMBER
Trustee or director
1$0
LISA CHAPMANBOARD MEMBER
Trustee or director
1$0
BOB JOYCEBOARD MEMBER
Trustee or director
1$0
1 more people on this return
NameTitleHours / weekCompensation
FRANK PROCTORBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 98, SANFORD, NC 27331-0098
Principal officer (990 for 2024)
SUSAN W KELLER, 2030 WINDMILL DRIVE, SANFORD, NC 27330
Signed the 990
CHARLIE L WELBORN, TREASURER
Phone
(919) 708-2545
Return prepared by
DMJPS PLLC

Mission

TO SUPPORT AND ENHANCE THE EDUCATION OF K THROUGH 12 STUDENTS IN LEE COUNTY NC PUBLIC SCHOOLS.

990 for the year ended December 31, 2024

Program accomplishments

  • GRANT TO LEE COUNTY PUBLIC SCHOOLS FOR THE MCSWAIN TEAM TEACHING AWARDS. THE TOP TEN TEACHING TEAMS IN THE DISTRICT AT EACH LEVEL/SUBJECT THAT A NC EOG TEST IS GIVEN RECEIVES THE AWARD. OVER 40 TEACHERS RECEIVED MONETARY AWARDS FOR THEIR ROLE ON A WINNING TEAM FOR THE 2023-2024 SCHOOL YEAR.
    Expenses $125,742 · grants $125,742 · revenue $50,000
  • THE TSLCTF, SLOAN SCHOLARS, IS AN ATTEMPT TO SUPPORT HOMEGROWN TEACHERS IN LEE COUNTY AND TO ADDRESS THE TEACHER SHORTAGES OUR COUNTY, ALONG WITH THE REST OF THE STATE, FACES. IT'S A SCHOLARSHIP, IN THE FORM OF A FORGIVABLE LOAN, AVAILABLE TO HIGH SCHOOL SENIORS WHO ATTEND LEE COUNTY SCHOOLS' HIGH SCHOOLS. THE LOAN WILL BE FORGIVEN AFTER THE CANDIDATES SUCCESSFULLY TEACH IN LCS FOR FOUR YEARS. THE APPLICATION INCLUDES SHORT ESSAY QUESTIONS AND AN IN-PERSON INTERVIEW. WINNERS RECEIVE $36,000 OVER A FOUR-YEAR PERIOD TO HELP WITH COLLEGE COSTS. WE CAN AWARD UP TO TWO WINNERS A YEAR.
    Expenses $9,094 · grants $9,094 · revenue $9,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-4264393
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B112)
Assets (IRS master file)
$1,782,322
Income (IRS master file)
$943,802

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$184,531$213,791$1,518,561IRS
990December 2022$130,463$91,294$1,356,609IRS
990December 2021–––IRS
990December 2020–––IRS
990April 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about LEE COUNTY EDUCATIONAL FOUNDATION

What is the EIN of LEE COUNTY EDUCATIONAL FOUNDATION?
The employer identification number (EIN) of LEE COUNTY EDUCATIONAL FOUNDATION is 13-4264393.
Is LEE COUNTY EDUCATIONAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to LEE COUNTY EDUCATIONAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LEE COUNTY EDUCATIONAL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LEE COUNTY EDUCATIONAL FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LEE COUNTY EDUCATIONAL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LEE COUNTY EDUCATIONAL FOUNDATION?
The 990 for the year ended December 31, 2024 names SUSAN W KELLER.
Who are the officers and directors of LEE COUNTY EDUCATIONAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $4,500 (VICKI O HAISLIP, EXECUTIVE DIRECTOR).
How much revenue does LEE COUNTY EDUCATIONAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $383,704, expenses of $156,834 and total assets of $1,782,322 at year end.

Other nonprofits in SANFORD

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