The Dereck Whittenburg Foundation

EIN: 473311760 501(c)(3) Education

Raleigh, NC

Total Revenue
$39,013
Total Expenses
$83,768
Total Assets
$25,697
Net Assets
$25,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
Dereck Whittenburg
Phone
7185788430
Tax Period
2025-01-01 to 2025-12-31

The Dereck Whittenburg Foundation, founded in 2015, is a micro nonprofit in the Education sector that reported $39K in total revenue in fiscal year 2025. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 115% operating deficit.

Mission

The foundation's mission is committed stewardship of financial assistance to students actively pursuing degrees and partnership to their academic goals to help them complete college graduation programs.

Program Service Accomplishments

Program 1
Expenses: $17,850

The foundation's mission is committed stewardship of financial assistance to need based junior and senior college students actively pursuing degrees and partnership to their academic goals to help...

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The foundation's mission is committed stewardship of financial assistance to need based junior and senior college students actively pursuing degrees and partnership to their academic goals to help them complete college graduation programs. These are grants not loans provided to these students. In 2025, the Foundation provided scholarship monies to four universities in the amount of $17,850.

Program 2
Expenses: $35,858

The largest source of revenue is generated from the annual celebrity golf tournament and golf reception and auction. In addition to those events we work closely with our professional partners to host...

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The largest source of revenue is generated from the annual celebrity golf tournament and golf reception and auction. In addition to those events we work closely with our professional partners to host evenst that provide meaningful opportunites to the students that we are committed to serving. Those opportuities include internships, empolyment, professional advice and mentorships.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $118,135
Program Service Revenue $0
Investment Income $0
Other Revenue $-79,122
TOTAL REVENUE $39,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,708
Other Expenses $83,768
TOTAL EXPENSES $83,768

Year-over-Year Comparison

2025 2024 Change
Revenue $39,013 $96,617 -0.6%
Expenses $83,768 $50,054 +0.7%
Net Income $-44,755 $46,563 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Byrom Director 1.00
Director
$0 $0 $0
Leon Cox Director 1.00
Director
$0 $0 $0
Guy Black Director 1.00
Director
$0 $0 $0
David McGee Director 1.00
Director
$0 $0 $0
Michael Dannar Director 1.00
Director
$0 $0 $0
Brandi Gerew Director 1.00
Director
$0 $0 $0
Diane Becton Director 1.00
Director
$0 $0 $0
Dereck Whittenburg President 1.00
Officer
$0 $0 $0
Allan From Secretary 1.00
Officer
$0 $0 $0
Jacqueline Whittenburg Treasurer 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $39,013 $83,768 $25,697 $-44,755
2024 $96,617 $50,054 $65,820 $46,563
2023 $85,892 $87,894 $22,379 $-2,002
2022 $81,515 $129,826 $24,381 $-48,311
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