Nonprofit · EIN 85-1000777
WAKE FOREST ELEMENTARY SCHOOL FOUNDATION
Tax-exempt (reinstated) · WAKE FOREST, NC 27587
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $29,905 | $1,357 | $28,548 | $66,230 | $0 | $66,230 |
| June 30, 2024 | 990-EZ | $29,407 | $1,852 | $27,555 | $37,683 | $0 | $37,683 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $23,100
- Program service revenue
- $0
- Investment income
- $3,919
- Net income from fundraising events
- $2,886
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $500
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $255
- Printing, publications and postage
- $602
Balance sheet and other
- Total assets, start of year
- $37,683
- Total assets, end of year
- $66,230
- Total liabilities, end of year
- $0
- Net assets, end of year
- $66,230
- Cash, savings and investments
- $66,230
- Gross receipts
- $30,443
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Teresa Winstead | President | 2 | $0 |
| Larissa Moore | Vice President | 2 | $0 |
| Heather Lofton | Tresurer | 2 | $0 |
| Karen Wells | Secretary | 2 | $0 |
| Gerald Hayes | Director | 2 | $0 |
| Chell Smith | Director | 2 | $0 |
| Nicole Schwartz | Director | 2 | $0 |
990-EZ for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Teresa Winstead | President | 2 | $0 |
| Larissa Moore | Vice President | 2 | $0 |
| Heather Lofton | Tresurer | 2 | $0 |
| Karen Wells | Secretary | 2 | $0 |
| Gerald Hayes | Director | 2 | $0 |
| Chell Smith | Director | 2 | $0 |
| Nicole Schwartz | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 406 S MAIN ST, WAKE FOREST, NC 27587-2910
- In care of
- % TERESA WINSTEAD
- Signed the 990-EZ
- Larissa Moore, Vice-President
- Phone
- (919) 417-4091
Mission
For Educational and Charitable Purposes
Program accomplishments
- -Angel Tree Fund; Money was provided to students that could not purchase lunch so they didn't go hungry.grants $500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-1000777
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $66,230
- Income (IRS master file)
- $30,443
Revocation and reinstatement
- Exemption revoked
- November 15, 2022
- Posted by the IRS
- March 13, 2023
- Reinstated
- Effective November 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $29,905 | $1,357 | $66,230 | XML |
| 990-EZ | June 2024 | $29,407 | $1,852 | $37,683 | XML |
| 990-EZ | June 2023 | – | – | – | 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 85-1000777).
Questions about WAKE FOREST ELEMENTARY SCHOOL FOUNDATION
- What is the EIN of WAKE FOREST ELEMENTARY SCHOOL FOUNDATION?
- The employer identification number (EIN) of WAKE FOREST ELEMENTARY SCHOOL FOUNDATION is 85-1000777.
- Is WAKE FOREST ELEMENTARY SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2022 and reinstated it effective November 15, 2022.
- Are donations to WAKE FOREST ELEMENTARY SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAKE FOREST ELEMENTARY SCHOOL FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WAKE FOREST ELEMENTARY SCHOOL FOUNDATION 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 WAKE FOREST ELEMENTARY SCHOOL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of WAKE FOREST ELEMENTARY SCHOOL FOUNDATION?
- The 990-EZ for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does WAKE FOREST ELEMENTARY SCHOOL FOUNDATION have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $29,905, expenses of $1,357 and total assets of $66,230 at year end.
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