BEACON EDUCATION INC

EIN: 473629354 501(c)(3) Education

WILMINGTON, NC

Total Revenue
$2,298,589
Total Expenses
$2,165,462
Total Assets
$31,112,521
Net Assets
$31,084,957
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
TODD GODBEY
Phone
9103385258
Tax Period
2024-07-01 to 2025-06-30

BEACON EDUCATION INC, founded in 2015, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $2.2M left a modest 6% surplus.

Mission

RAISING FUNDS AND DEVELOPING PROGRAMS IN SUPPORT OF TRANSPORTATION, FACILITIES, FOOD SERVICES, ENRICHMENT, AND COLLEGE PREPAREDNESS FOR SCHOOLS WITHIN NORTH CAROLINA THAT ARE AFFILIATED WITH THE ORGANIZATION'S MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,881,311
Program Service Revenue $77,000
Investment Income $440,411
Other Revenue $-100,133
TOTAL REVENUE $2,298,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $204,374
Fundraising Expenses $16,463
Program Expenses $1,651,424
Other Expenses $1,961,088
TOTAL EXPENSES $2,165,462

Year-over-Year Comparison

2024 2023 Change
Revenue $2,298,589 $6,347,277 -0.6%
Expenses $2,165,462 $1,853,087 +0.2%
Net Income $133,127 $4,494,190 -1.0%
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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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
75

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
5
$157,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE MCKENZIE CHAIR 1.00
Officer Director
$0 $0 $0
GREG UHL VICE CHAIR 1.00
Officer Director
$0 $0 $0
SARAH BRANNER TREASURER 1.00
Officer Director
$0 $0 $0
AMANDA MIARS SECRETARY 1.00
Officer Director
$0 $0 $0
WALTRINA BARNETT BOARD MEMBER 1.00
Director
$0 $0 $0
SAM HIGHSMITH BOARD MEMBER 1.00
Director
$0 $0 $0
CAREY BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE CLARK-BRADLEY BOARD MEMBER 1.00
Director
$0 $0 $0
TERRI EVERETT BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY GIRARD BOARD MEMBER 1.00
Director
$0 $0 $0
ALI MENDOZA BOARD MEMBER 1.00
Director
$0 $0 $0
MARK MOROZ BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY GRANGE BOARD MEMBER 1.00
Director
$0 $0 $0
TODD GODBEY CEO 40.00
Officer
$157,000 $0 $157,000
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 $2,298,589 $2,165,462 $31,112,521 $133,127
2024 $6,347,277 $1,853,087 $30,528,383 $4,494,190
2023 $7,097,294 $1,118,104 $25,449,653 $5,979,190
2022 $6,675,896 $3,046,463 $19,342,813 $3,629,433
2021 $3,069,160 $1,013,033 $15,878,873 $2,056,127
2020 $2,157,490 $1,378,649 $14,011,727 $778,841
2020 $2,080,547 $1,301,706 $14,011,727 $778,841
2019 $1,555,858 $10,011,612 $5,663,284 $-8,455,754
2018 $8,235,466 $425,299 $13,822,322 $7,810,167
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