NORTH CAROLINA BUSINESS COMMITTEE FOR EDUCATION INC

EIN: 561513432 501(c)(3)

RALEIGH, NC

Total Revenue
$4,326,800
Total Expenses
$2,765,049
Total Assets
$2,439,047
Net Assets
$2,056,735
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NC
Principal Officer
LESLIE WALDEN
Phone
9198142020
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA BUSINESS COMMITTEE FOR EDUCATION INC, founded in 1986, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 381% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 36% operating margin.

Mission

THE ORGANIZATION CONSISTS OF BUSINESSES THROUGHOUT NORTH CAROLINA WHO SHARE A COMMON DESIRE TO IMPROVE THE PUBLIC EDUCATION SYSTEM.

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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 $4,313,329
Program Service Revenue $0
Investment Income $13,471
Other Revenue $0
TOTAL REVENUE $4,326,800

Expense Breakdown

Grants Paid $1,563,955
Salaries & Benefits $0
Fundraising Expenses $7,801
Program Expenses $2,533,671
Other Expenses $1,201,094
TOTAL EXPENSES $2,765,049

Year-over-Year Comparison

2023 2022 Change
Revenue $4,326,800 $899,416 +3.8%
Expenses $2,765,049 $1,065,725 +1.6%
Net Income $1,561,751 $-166,309 -10.4%
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
29
Independent Members
28
Employees
N/A
Volunteers
28

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
1
$95,846
Total Directors
28
$95,846
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLINE SULLIVAN EXEC DIR & S 40.00
Officer Director
$0 $0 $95,846
JENA HOWARD-APPLE COMPUTERS DIRECTOR 0.25
Director
$0 $0 $0
MIKE WALKER-ATT DIRECTOR 0.25
Director
$0 $0 $0
WILL SUTTON-TRUIST BANK DIRECTOR 0.25
Director
$0 $0 $0
NICOLE RAMSDELL-BELK DIRECTOR 0.25
Director
$0 $0 $0
CHRIS MASLIN-BILTMORE DIRECTOR 0.25
Director
$0 $0 $0
ADRI MAISONET-BCBS OF NC DIRECTOR 0.25
Director
$0 $0 $0
CORNEL VAN DER WATT-CATERPILLAR TREASURER 0.25
Director
$0 $0 $0
CREIGHTON BLACKWELL-COASTAL CREDIT DIRECTOR 0.25
Director
$0 $0 $0
ALBERT ECKEL-ECKEL VAUGHN DIRECTOR 0.25
Director
$0 $0 $0
CLARENCE WILLIAMS-DELL DIRECTOR 0.25
Director
$0 $0 $0
JULIA WRIGHT-DOMINION ENERGY VICE CHAIR 0.50
Director
$0 $0 $0
INDIRA EVERETT-DUKE ENERGY DIRECTOR 0.25
Director
$0 $0 $0
LESLIE WALDEN CHAIR 1.00
Director
$0 $0 $0
TEROSS YOUNG-FOOD LION DIRECTOR 0.25
Director
$0 $0 $0
STEVE MCGLOTHLIN-GERBER COLLISION DIRECTOR 0.25
Director
$0 $0 $0
LILYN HESTER-GOOGLE DIRECTOR 0.25
Director
$0 $0 $0
ERICA HENDERSON-GLAXOSMITHKLINE DIRECTOR 0.25
Director
$0 $0 $0
MILANKA MEUCKE-LENOVO DIRECTOR 0.25
Director
$0 $0 $0
GEOFFREY COLTRANE-OFFICE OF THE GOV DIRECTOR 0.25
Director
$0 $0 $0
REBECCA QUINN-WOLF-PNC DIRECTOR 0.25
Director
$0 $0 $0
MIKE HOGAN-SIEMENS DIRECTOR 0.25
Director
$0 $0 $0
ANDREW BENTON-SMITH ANDERSON LAW DIRECTOR 0.25
Director
$0 $0 $0
STEVE EVANS-SMITHFIELD DIRECTOR 0.25
Director
$0 $0 $0
SUZIE KOONCE-WELLS FARGO FOUNDATION DIRECTOR 0.25
Director
$0 $0 $0
EMILY ZIEGLER-UNC HEALTH CARE DIRECTOR 0.25
Director
$0 $0 $0
HILLARY CRITTENDON-ATRIUM HEALTH DIRECTOR 0.25
Director
$0 $0 $0
SARAH GASKILL-FUJIFILM DIRECTOR 0.25
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
2024 No data No data No data No data
2023 $4,326,800 $2,765,049 $2,439,047 $1,561,751
2022 $899,416 $1,065,725 $533,786 $-166,309
2021 $1,472,737 $2,375,417 $754,414 $-902,680
2020 $2,272,304 $969,406 $1,878,699 $1,302,898
2019 $322,640 $460,493 $575,801 $-137,853
2018 $491,240 $369,741 $713,654 $121,499
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