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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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.

Program Service Accomplishments

Program 1
Expenses: $1,808,864

NAVIGATOR/NC TECHWORKS - IS AN ONLINE SITE FOR NC EDUCATORS TO SOURCE WORK-BASED LEARNING OPPORTUNITIES, INCLUD-ING CAREER PROFILES, GUEST SPEAKERS,INTERNSHIPS, WORKSITE TOURS, AND APPRENTICESHIPS...

Read more

NAVIGATOR/NC TECHWORKS - IS AN ONLINE SITE FOR NC EDUCATORS TO SOURCE WORK-BASED LEARNING OPPORTUNITIES, INCLUD-ING CAREER PROFILES, GUEST SPEAKERS,INTERNSHIPS, WORKSITE TOURS, AND APPRENTICESHIPS. THE PLATFORM ALLOWS EMPLOYERS TO TRACK SCHOOL ENGAGEMENT AND EDUCATORS TO TRACK WORK- BASED LEARNING EXPE-RIENCES FOR THEIR STUDENTS. THE SERVICE IS OFFERED AT NO COST TO EMPLOYERS OR SCHOOLS.

Program 2
Expenses: $469,955

BUILDING BRIGHT FUTURES (BBF) - BBF IS A PILOT INITIATIVE DESIGNED TO SUPPORT AND SCALE PRE-APPRENTICESHIPS AND APPRENTICESHIPS IN EARLY CHILDHOOD EDUCATION THROUGHOUT NORTH CAROLINA. BBF OFFERS...

Read more

BUILDING BRIGHT FUTURES (BBF) - BBF IS A PILOT INITIATIVE DESIGNED TO SUPPORT AND SCALE PRE-APPRENTICESHIPS AND APPRENTICESHIPS IN EARLY CHILDHOOD EDUCATION THROUGHOUT NORTH CAROLINA. BBF OFFERS TECHNICAL ASSISTANCE, FINANCIAL SUPPORT, AND RESOURCES TO PRE-APPRENTICES AND APPRENTICES, CHILD CARE CENTERS, SCHOOL DISTRICTS, COMMUNITY COLLEGES, AND OTHER PARTNERS IN A REGISTERED APPRENTICESHIP PROGRAM THROUGH APPRENTICESHIPNC. THIS PILOT PROGRAM AIMS TO "FILL IN THE GAPS" WHERE OTHER FINANCIAL RESOURCES CAN'T, OFFER VALUE-ADDED PROFESSIONAL DEVELOPMENT AND COMMUNITY OF PRACTICE OPPORTUNITIES, CREATE A HUB FOR EARLY CHILDHOOD APPRENTICESHIP RESOURCES, AND GATHER BEST PRACTICES AND LESSONS LEARNED FROM PARTICIPANTS TO SUPPORT A STATEWIDE PLAYBOOK.

Program 3
Expenses: $126,925

STEPS4GROWTH - BEGINNING IN SEPTEMBER OF 2022, NCBCE RECEIVED GRANT FUNDING THROUGH THE USDOC VIA NC A&T STATE UNIVERSITY AS PART OF A COMPREHENSIVE CLEAN ENERGY WORKFORCE DEVELOPMENT PROJECT. S4G...

Read more

STEPS4GROWTH - BEGINNING IN SEPTEMBER OF 2022, NCBCE RECEIVED GRANT FUNDING THROUGH THE USDOC VIA NC A&T STATE UNIVERSITY AS PART OF A COMPREHENSIVE CLEAN ENERGY WORKFORCE DEVELOPMENT PROJECT. S4G WILL WORK WITH EMPLOYERS TO TRAIN STUDENTS AND ADULTS TO FILL WELL-PAYING JOBS IN ENERGY EFFICIENCY, RENEWABLE ENERGY, CLEAN VEHICLES, AND GRID & RESILIENCY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NORTH CAROLINA BUSINESS COMMITTEE FOR EDUCATION INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.