NORTH CAROLINA LEGAL EDUCATION ASSISTANCE FOUNDATION

EIN: 561682398 501(c)(3)

RALEIGH, NC

Total Revenue
$670,091
Total Expenses
$499,224
Total Assets
$1,347,057
Net Assets
$1,346,439
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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
1989
Legal Domicile
NC
Principal Officer
BRANDI LEIGH WICCLAIR
Phone
9198456089
Tax Period
2024-07-01 to 2025-06-30

NORTH CAROLINA LEGAL EDUCATION ASSISTANCE FOUNDATION, founded in 1989, is a small nonprofit that reported $670K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 25% operating margin.

Mission

PROVIDES EDUCATIONAL LOAN REPAYMENT ASSISTANCE TO NORTH CAROLINA PUBLIC INTEREST ATTORNEYS THAT MEET QUALIFICATIONS.

Program Service Accomplishments

Program 1
Expenses: $405,318 Revenue: $18,816

PROVIDED EDUCATIONAL LOAN REPAYMENT ASSISTANCE TO NORTH CAROLINA PUBLIC INTEREST ATTORNEYS.

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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 $609,600
Program Service Revenue $18,816
Investment Income $31,314
Other Revenue $10,361
TOTAL REVENUE $670,091

Expense Breakdown

Grants Paid $269,597
Salaries & Benefits $124,147
Fundraising Expenses $0
Program Expenses $405,318
Other Expenses $105,480
TOTAL EXPENSES $499,224

Year-over-Year Comparison

2024 2023 Change
Revenue $670,091 $543,979 +0.2%
Expenses $499,224 $444,602 +0.1%
Net Income $170,867 $99,377 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
12

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
$121,881
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDI LEIGH WICCLAIR EXECUTIVE DI 40.00
Officer
$121,881 $0 $121,881
JOHN AHLERS DIRECTOR 1.00
Director
$0 $0 $0
STELLA BOSWELL VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JIM GRANT DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM PURCELL II DIRECTOR 1.00
Director
$0 $0 $0
ALAN WOODLIEF JR DIRECTOR 1.00
Director
$0 $0 $0
JOHN MABE JR DIRECTOR 1.00
Director
$0 $0 $0
DEVI PATEL DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN PERRY DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM POLLOCK TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL DAVID WATERS PRESIDENT 1.00
Officer Director
$0 $0 $0
WILLIS WHICHARD DIRECTOR 1.00
Director
$0 $0 $0
ERIC ZOGRY SECRETARY 1.00
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
2025 $670,091 $499,224 $1,347,057 $170,867
2024 No data No data No data No data
2023 $660,410 $234,779 $1,100,422 $425,631
2022 $690,104 $239,099 $655,083 $451,005
2021 $141,967 $145,272 $205,672 $-3,305
2020 $392,700 $398,798 $204,516 $-6,098
2019 $427,441 $441,985 $217,354 $-14,544
2018 $361,363 $369,832 $219,268 $-8,469
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