Nonprofit · EIN 58-2008178
DAVIDSON COUNTY EDUCATION FOUNDATION INC
Tax-exempt · LEXINGTON, NC 27293
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $118,414 | $97,286 | $21,128 | $665,357 | $0 | $665,357 |
| June 30, 2023 | 990 | $63,733 | $32,687 | $31,046 | $640,683 | $0 | $640,683 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $64,982
- Program service revenue
- $2,869
- Investment income
- $29,955
- Net gain from sales of assets
- $17,740
- Other revenue
- $20,608
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $97,286
Balance sheet and other
- Total assets, start of year
- $644,229
- Total assets, end of year
- $665,357
- Total liabilities, end of year
- $0
- Net assets, end of year
- $665,357
- Publicly traded securities
- $343,902
- Gross receipts
- $1,164,299
- Employees
- 0
- Year formed
- 1991
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA KOONTS | ADMIN. DIREC Officer | – | $0 |
| MARGARET KING | PRESIDENT Officer | – | $0 |
| TEDMAN MYERS | TREASURER Officer | – | $0 |
| JOHNATHAN BROWN | DIRECTOR Trustee or director | – | $0 |
| BRAD GRIMES | DIRECTOR Trustee or director | – | $0 |
| STEPHANIE HALL | DIRECTOR Trustee or director | – | $0 |
| LINDA MCKAY | DIRECTOR Trustee or director | – | $0 |
| RANDALL PARKS | DIRECTOR Trustee or director | – | $0 |
| LONDA PICKET | DIRECTOR Trustee or director | – | $0 |
| TONYA RAGAN | DIRECTOR Trustee or director | – | $0 |
| KIMBERLY THOMPSON | DIRECTOR Trustee or director | – | $0 |
| DAN TRICARICO | VICE-PRESIDE Trustee or director | – | $0 |
| TAMERA HOLCOMB | DIRECTOR Trustee or director | – | $0 |
| HELEN FITZGERALD | DIRECTOR Trustee or director | – | $0 |
| KIM NANNY | SECRETARY Trustee or director | – | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY WHICKER | DIRECTOR Trustee or director | – | $0 |
| KATHY ELMORE | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA KOONTS | ADMIN. DIREC Officer | 2 | $5,800 |
| MARGARET KING | PRESIDENT Officer | – | $0 |
| TERESA HUFFMAN | VICE-PRESIDE Officer | – | $0 |
| KATHY OLIVER | SECRETARY Officer | – | $0 |
| TEDMAN MYERS | CO-TREASURER Officer | – | $0 |
| KATHY KOONTS | CO-TREASURER Officer | – | $0 |
| JOHNATHAN BROWN | DIRECTOR Trustee or director | – | $0 |
| CARLA CARRICK | DIRECTOR Trustee or director | – | $0 |
| ALAN FRADY | DIRECTOR Trustee or director | – | $0 |
| BRAD GRIMES | DIRECTOR Trustee or director | – | $0 |
| STEPHANIE HALL | DIRECTOR Trustee or director | – | $0 |
| SUSAN HUNEYCUTT | DIRECTOR Trustee or director | – | $0 |
| MARK HUTSON | DIRECTOR Trustee or director | – | $0 |
| LINDA MCKAY | DIRECTOR Trustee or director | – | $0 |
| JEAN MORRISON | DIRECTOR Trustee or director | – | $0 |
| RANDALL PARKS | DIRECTOR Trustee or director | – | $0 |
| LONDA PICKET | DIRECTOR Trustee or director | – | $0 |
| TONYA RAGAN | DIRECTOR Trustee or director | – | $0 |
| KIMBERLY THOMPSON | DIRECTOR Trustee or director | – | $0 |
| DAN TRICARICO | DIRECTOR Trustee or director | – | $0 |
| DR EMILY LIPE | EX-OFFICIO M Trustee or director | – | $0 |
| ALAN BECK | EX-OFFICIO M Trustee or director | – | $0 |
| TAMERA HOLCOMB | EX-OFFICO ME Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 444, LEXINGTON, NC 27293-0444
- Principal officer (990 for 2023)
- MARGARET KING
- Signed the 990
- TEDMAN MYERS, TREASURER
- Phone
- (336) 905-0976
- Website
- WWW.DCEFNC.ORG
- Return prepared by
- MYERS & MYERS PLLC
Mission
THE DAVIDSON COUNTY EDUCATION FOUNDATION IS A NON-PROFIT, VOLUNTEER ORGANIZATION DEDICATED TO THE ENRICHMENT OF THE EDUCATIONAL OPPORTUNITIES IN DAVIDSON COUNTY. OUR MISSION IS TO PROVIDE AND SUPPORT INNOVATIVE PROGRAMS THAT BENEFIT THE STUDENTS OF DAVIDSON COUNTY.
Program accomplishments
- PROVIDED COLLEGE SCHOLARSHIPS TO DAVIDSON COUNTY STUDENTS AND SUMMER CAMPS TO STUDENTS.Expenses $97,286 · revenue $2,869
- PROVIDED MINI-GRANTS TO TEACHERS AND PRINCIPALS AND COMMUNITY IMPACT GRANTS TO STUDENTS.
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2008178
- 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
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $665,357
- Income (IRS master file)
- $1,164,299
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $118,414 | $97,286 | $665,357 | IRS |
| 990 | June 2023 | $63,733 | $32,687 | $640,683 | XML |
| 990 | June 2022 | $71,253 | $142,464 | $596,384 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 58-2008178).
Questions about DAVIDSON COUNTY EDUCATION FOUNDATION INC
- What is the EIN of DAVIDSON COUNTY EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of DAVIDSON COUNTY EDUCATION FOUNDATION INC is 58-2008178.
- Is DAVIDSON COUNTY EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to DAVIDSON COUNTY EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DAVIDSON COUNTY EDUCATION FOUNDATION 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 DAVIDSON COUNTY EDUCATION FOUNDATION 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 DAVIDSON COUNTY EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of DAVIDSON COUNTY EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2024 names MARGARET KING.
- Who are the officers and directors of DAVIDSON COUNTY EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does DAVIDSON COUNTY EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $118,414, expenses of $97,286 and total assets of $665,357 at year end.
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