CENTER FOR RACIAL EQUITY IN EDUCATION

EIN: 842100138 501(c)(3) Education

Charlotte, NC

Total Revenue
$941,035
Total Expenses
$1,070,270
Total Assets
$1,024,579
Net Assets
$1,016,977
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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
2019
Legal Domicile
NC
Principal Officer
James Ford
Phone
7797719698
Tax Period
2024-07-01 to 2025-06-30

CENTER FOR RACIAL EQUITY IN EDUCATION, founded in 2019, is a small nonprofit in the Education sector that reported $941K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

Closing opportunity gaps especially for children of color so that race will no longer be the primary predictor of educational outcomes.

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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 $941,035
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $941,035

Expense Breakdown

Grants Paid $0
Salaries & Benefits $566,830
Fundraising Expenses $14,850
Program Expenses $959,149
Other Expenses $503,440
TOTAL EXPENSES $1,070,270

Year-over-Year Comparison

2024 2023 Change
Revenue $941,035 $661,794 +0.4%
Expenses $1,070,270 $1,161,099 -0.1%
Net Income $-129,235 $-499,305 -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

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
3
Independent Members
2
Employees
4
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
0
$0
Total Directors
4
$127,463
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James E Ford Executive Director 40
Director
$127,463 $0 $127,463
Nyah Hamlett Secretary 1
Director
$0 $0 $0
JB Buxton Vice Chair 1
Director
$0 $0 $0
Mark McDaniel Chair 1
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 $941,035 $1,070,270 $1,024,579 $-129,235
2024 $661,794 $1,161,099 $944,440 $-499,305
2023 $512,877 $943,405 $1,620,511 $-430,528
2022 $1,395,448 $775,024 $2,076,517 $620,424
2021 $1,566,663 $463,804 $1,465,592 $1,102,859
2020 $447,621 $134,575 $342,161 $313,046
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