Nonprofit · EIN 51-0602496
THE FOUNDATION FOR EDUCATION INC
Tax-exempt · DENVER, NC 28037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,740,725 | $2,121,492 | $1,619,233 | $36,564,606 | $31,164,053 | $5,400,553 |
| June 30, 2024 | 990 | $2,051,822 | $2,319,686 | -$267,864 | $37,833,482 | $34,052,161 | $3,781,321 |
| June 30, 2023 | 990 | $1,942,077 | $2,292,733 | -$350,656 | $36,575,024 | $32,525,839 | $4,049,185 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,774,776
- Program service revenue
- $1,909,647
- Investment income
- $56,302
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,665
- Depreciation
- $1,211,143
- Program services (functional)
- $2,113,156
- Management and general (functional)
- $8,336
Balance sheet and other
- Total assets, start of year
- $37,833,482
- Total assets, end of year
- $36,564,606
- Total liabilities, end of year
- $31,164,053
- Net assets, end of year
- $5,400,553
- Land, buildings and equipment
- $33,796,064
- Net assets without donor restrictions
- $5,400,553
- Gross receipts
- $3,740,725
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2006
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Christopher Wrenn | Treasurer Trustee or director, Officer | 1 | $0 |
| Cara Dowling | President Trustee or director, Officer | 1 | $0 |
| Allison Moody | Secretary Trustee or director, Officer | 1 | $0 |
| Thomas Brooks | Vice President Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Christopher Wrenn | Treasurer Trustee or director, Officer | 1 | $0 |
| Cara Dowling | President Trustee or director, Officer | 1 | $0 |
| Allison Moody | Secretary Trustee or director, Officer | 1 | $0 |
| Thomas Brooks | Vice President Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Christopher Wrenn | Treasurer Trustee or director, Officer | 1 | $0 |
| Cara Dowling | President Trustee or director, Officer | 1 | $0 |
| Allison Moody | Secretary Trustee or director, Officer | 1 | $0 |
| Thomas Brooks | Vice President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 7834 GALWAY LN, DENVER, NC 28037-8600
- In care of
- % NOAH PARKER PRES
- Principal officer (990 for 2024)
- Cara Dowling, 7834 Galway lane, Denver, NC 280378600
- Signed the 990
- Cara Dowling, President
- Phone
- (704) 483-6611
- Return prepared by
- Darrell L Keller CPA PA
Mission
Support the operations of a charter school
Program accomplishments
- Provide a facility for the operation of a charter school for the education of children in the community by Lincoln Charter School.Expenses $2,113,156 · revenue $3,740,725
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0602496
- 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
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $36,564,606
- Income (IRS master file)
- $3,740,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,740,725 | $2,121,492 | $36,564,606 | XML |
| 990 | June 2024 | $2,051,822 | $2,319,686 | $37,833,482 | XML |
| 990 | June 2023 | $1,942,077 | $2,292,733 | $36,575,024 | XML |
| 990 | June 2022 | $1,920,438 | $3,009,666 | $37,928,582 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 51-0602496).
Questions about THE FOUNDATION FOR EDUCATION INC
- What is the EIN of THE FOUNDATION FOR EDUCATION INC?
- The employer identification number (EIN) of THE FOUNDATION FOR EDUCATION INC is 51-0602496.
- Is THE FOUNDATION FOR EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to THE FOUNDATION FOR EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FOUNDATION FOR EDUCATION INC 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 THE FOUNDATION FOR EDUCATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FOUNDATION FOR EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE FOUNDATION FOR EDUCATION INC?
- The 990 for the year ended June 30, 2025 names Cara Dowling.
- Who are the officers and directors of THE FOUNDATION FOR EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE FOUNDATION FOR EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,740,725, expenses of $2,121,492 and total assets of $36,564,606 at year end.
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