Bertie Educational Foundation Inc

EIN: 560905835 501(c)(3) Education

Merry Hill, NC

Total Revenue
$2,173,551
Total Expenses
$1,728,853
Total Assets
$1,889,036
Net Assets
$1,444,255
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NC
Principal Officer
Jon Powell
Phone
2524824748
Tax Period
2023-07-01 to 2024-06-30

Bertie Educational Foundation Inc, founded in 1968, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $445K, a strong 20% operating margin.

Mission

Lawrence Academy exists for the sole purpose of providing students with excellent teachers and coaches so students have the opportunities and challanges to maximize their educational experience.

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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 (2023)

Revenue Breakdown

Contributions & Grants $202,718
Program Service Revenue $1,970,159
Investment Income $674
Other Revenue $0
TOTAL REVENUE $2,173,551

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,061,610
Fundraising Expenses $61,966
Program Expenses $1,208,564
Other Expenses $667,243
TOTAL EXPENSES $1,728,853

Year-over-Year Comparison

2023 2022 Change
Revenue $2,173,551 $1,970,077 +0.1%
Expenses $1,728,853 $1,620,006 +0.1%
Net Income $444,698 $350,071 +0.3%
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jon Powell Chair 0.00
Officer Director
$0 $0 $0
Jonathan Huddleston Vice Chair 0.00
Officer Director
$0 $0 $0
Alissa Cale Secretary 0.00
Officer Director
$0 $0 $0
Jonathan Lundy Board Member 0.00
Director
$0 $0 $0
Lloyd Jones Treasurer 0.00
Officer Director
$0 $0 $0
Lyman Harrell Board Member 0.00
Director
$0 $0 $0
Brad Brown Board Member 0.00
Director
$0 $0 $0
Kerna Reynolds Board Member 0.00
Director
$0 $0 $0
Amy Williford Board Member 0.00
Director
$0 $0 $0
Steve McDonald Board Member 0.00
Director
$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 No data No data No data No data
2024 $2,173,551 $1,728,853 $1,889,036 $444,698
2023 $1,970,077 $1,620,006 $1,406,525 $350,071
2022 $1,771,050 $1,429,162 $1,097,985 $341,888
2021 $1,548,750 $1,293,520 $846,350 $255,230
2020 $1,443,456 $1,370,630 $729,741 $72,826
2019 $1,602,270 $1,331,652 $604,495 $270,618
2018 $1,272,329 $1,319,853 $607,974 $-47,524
2017 $1,515,801 $1,452,023 $696,902 $63,778
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