GRANVILLE EDUCATION FOUNDATION INC

EIN: 561560414 501(c)(3)

OXFORD, NC

Total Revenue
$254,820
Total Expenses
$306,793
Total Assets
$2,953,813
Net Assets
$2,953,055
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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
1987
Legal Domicile
NC
Principal Officer
LINDA FREDRICKSON
Phone
9196937047
Tax Period
2022-07-01 to 2023-06-30

GRANVILLE EDUCATION FOUNDATION INC, founded in 1987, is a small nonprofit that reported $255K in total revenue in fiscal year 2022. Expenses of $307K exceeded revenue, resulting in a 20% operating deficit.

Mission

SUPPORT GRANVILLE COUNTY, NC SCHOOLS

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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 (2022)

Revenue Breakdown

Contributions & Grants $110,625
Program Service Revenue $0
Investment Income $106,120
Other Revenue $38,075
TOTAL REVENUE $254,820

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,134
Fundraising Expenses $9,783
Program Expenses $270,110
Other Expenses $255,659
TOTAL EXPENSES $306,793

Year-over-Year Comparison

2022 2021 Change
Revenue $254,820 $243,724 +0.0%
Expenses $306,793 $232,685 +0.3%
Net Income $-51,973 $11,039 -5.7%
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
23
Independent Members
23
Employees
1
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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN BREEDLOVE TREASURER N/A
Officer Director
$0 $0 $0
CAROLINE BURNETTE VICE-PRESIDE N/A
Officer Director
$0 $0 $0
KERMIT ELLIS SECRETARY N/A
Officer Director
$0 $0 $0
LINDA FREDRICKSON PRESIDENT N/A
Officer 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
2023 $254,820 $306,793 $2,953,813 $-51,973
2022 $243,724 $232,685 $3,005,804 $11,039
2021 $337,939 $168,406 $3,028,880 $169,533
2020 $90,120 $181,387 $2,852,469 $-91,267
2019 $223,232 $187,792 $2,920,859 $35,440
2018 $362,448 $190,853 $2,881,514 $171,595
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