WAKE EDUCATION PARTNERSHIP

EIN: 581518182 501(c)(3) Education

RALEIGH, NC

Total Revenue
$1,951,969
Total Expenses
$1,605,208
Total Assets
$3,781,366
Net Assets
$3,425,532
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NC
Principal Officer
KEITH POSTON
Phone
9198217609
Tax Period
2023-07-01 to 2024-06-30

WAKE EDUCATION PARTNERSHIP, founded in 1983, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $347K, a strong 18% operating margin.

Mission

TO ENGAGE, INFORM, AND MOBILIZE THE BUSINESS COMMUNITY AND COMMUNITY-AT-LARGE IN COLLABORATION WITH THE WAKE COUNTY PUBLIC SCHOOL SYSTEM TO PROVIDE EVERY STUDENT WITH EXCELLENT EDUCATIONAL OPPORTUNITIES, HIGHLY EFFECTIVE TEACHERS, AND STRONG LEADERS.

Program Service Accomplishments

Program 1
Expenses: $897,018

WAKEED PARTNERSHIP'S TOOLS4SCHOOLS STORE PROVIDES FREE CLASSROOM SUPPLIES FOR THE NEARLY 11,000 TEACHERS IN THE WAKE COUNTY PUBLIC SCHOOL SYSTEM TO ENSURE THAT ALL STUDENTS HAVE THE SUPPLIES THEY...

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WAKEED PARTNERSHIP'S TOOLS4SCHOOLS STORE PROVIDES FREE CLASSROOM SUPPLIES FOR THE NEARLY 11,000 TEACHERS IN THE WAKE COUNTY PUBLIC SCHOOL SYSTEM TO ENSURE THAT ALL STUDENTS HAVE THE SUPPLIES THEY NEED TO FOCUS ON LEARNING.

Program 2
Expenses: $214,040

THE COACH BOB PITTARD SCHOLARSHIP FUND IS AVAILABLE TO THOSE GRADUATING SENIORS FROM APEX HIGH SCHOOL AND GREEN HOPE HIGH SCHOOL, LOCATED IN WAKE COUNTY WHO, DURING THEIR HIGH SCHOOL YEARS, EARNED A...

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THE COACH BOB PITTARD SCHOLARSHIP FUND IS AVAILABLE TO THOSE GRADUATING SENIORS FROM APEX HIGH SCHOOL AND GREEN HOPE HIGH SCHOOL, LOCATED IN WAKE COUNTY WHO, DURING THEIR HIGH SCHOOL YEARS, EARNED A VARSITY LETTER FOR PARTICIPATION IN A FULL SEASON IN A VARSITY SPORT. THE VALUE OF THE SCHOLARSHIP, WHICH MAY BE RENEWABLE FOR AN ADDITIONAL THREE YEARS, IS A MAXIMUM OF $12,500 PER ACADEMIC YEAR.

Program 3
Expenses: $4,572

EVENTS

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,656,448
Program Service Revenue $0
Investment Income $294,759
Other Revenue $762
TOTAL REVENUE $1,951,969

Expense Breakdown

Grants Paid $273,391
Salaries & Benefits $702,748
Fundraising Expenses $63,615
Program Expenses $1,115,710
Other Expenses $629,069
TOTAL EXPENSES $1,605,208

Year-over-Year Comparison

2023 2022 Change
Revenue $1,951,969 $1,248,871 +0.6%
Expenses $1,605,208 $1,334,673 +0.2%
Net Income $346,761 $-85,802 -5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
40
Independent Members
39
Employees
10
Volunteers
1000

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
$177,115
Total Directors
39
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT DUDA DIRECTOR 2.00
Director
$0 $0 $0
GARY GREENE DIRECTOR 2.00
Director
$0 $0 $0
MARION ROBINSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN HUMMEL DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE JENSEN DIRECTOR 2.00
Director
$0 $0 $0
SCOT MCALEXANDER DIRECTOR 2.00
Director
$0 $0 $0
JAMIE ROYSTER DIRECTOR 2.00
Director
$0 $0 $0
STEVEN SLEE DIRECTOR 2.00
Director
$0 $0 $0
CLEON UMPHREY DIRECTOR 2.00
Director
$0 $0 $0
CARA GREENING DIRECTOR 2.00
Director
$0 $0 $0
DR SETH CARRUTHERS DIRECTOR 2.00
Director
$0 $0 $0
ROBERT BUHLER DIRECTOR 2.00
Director
$0 $0 $0
BRAXTON ANTHONY DIRECTOR 2.00
Director
$0 $0 $0
EMMA BROWNING DIRECTOR 2.00
Director
$0 $0 $0
CRIS CHARBONNEAU DIRECTOR 2.00
Director
$0 $0 $0
BETSY READE CREECH DIRECTOR 2.00
Director
$0 $0 $0
CHAD HUMPHREY DIRECTOR 2.00
Director
$0 $0 $0
CAREY HUNTER DIRECTOR 2.00
Director
$0 $0 $0
ANDREW BLACKBURN DIRECTOR 2.00
Director
$0 $0 $0
RENE DAUGHTRY DIRECTOR 2.00
Director
$0 $0 $0
DAVID ELLIS DIRECTOR 2.00
Director
$0 $0 $0
BRAD GEIGER DIRECTOR 2.00
Director
$0 $0 $0
TERESA JONES DIRECTOR 2.00
Director
$0 $0 $0
ELAINE LOYACK DIRECTOR 2.00
Director
$0 $0 $0
RICHARD AVERITTE DIRECTOR 2.00
Director
$0 $0 $0
WILL QUICK DIRECTOR 2.00
Director
$0 $0 $0
CHRIS TORGLER DIRECTOR 2.00
Director
$0 $0 $0
DAVID GILLHAM DIRECTOR 2.00
Director
$0 $0 $0
TAFA MAGAYA DIRECTOR 2.00
Director
$0 $0 $0
ROD MALONE DIRECTOR 2.00
Director
$0 $0 $0
KAMAR PERKINS DIRECTOR 2.00
Director
$0 $0 $0
IMAN RASHEED DIRECTOR 2.00
Director
$0 $0 $0
LILY RYZEBOL DIRECTOR 2.00
Director
$0 $0 $0
JACK TURNWALD DIRECTOR 2.00
Director
$0 $0 $0
CYNDY YU-ROBINSON DIRECTOR 2.00
Director
$0 $0 $0
LESSIE ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
TERRY HENNINGS DIRECTOR 2.00
Director
$0 $0 $0
WINSTON PIERCE DIRECTOR 2.00
Director
$0 $0 $0
ROBERT TAYLOR DIRECTOR 2.00
Director
$0 $0 $0
KEITH POSTON PRESIDENT 40.00
Officer
$162,199 $14,916 $177,115
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 $1,951,969 $1,605,208 $3,781,366 $346,761
2023 $1,248,871 $1,334,673 $3,265,124 $-85,802
2022 $589,411 $849,415 $3,277,721 $-260,004
2021 $537,630 $658,404 $3,463,245 $-120,774
2020 $538,962 $716,483 $2,803,904 $-177,521
2019 $626,765 $812,009 $2,756,110 $-185,244
2018 $755,999 $743,219 $2,773,761 $12,780
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