NORTH CAROLINA EDUCATION CORPS

EIN: 862714571 501(c)(3) Education

RALEIGH, NC

Total Revenue
$6,822,291
Total Expenses
$6,524,284
Total Assets
$3,242,635
Net Assets
$2,020,471
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NC
Principal Officer
JOHN-PAUL SMITH
Phone
7045621995
Tax Period
2024-07-01 to 2025-06-30

NORTH CAROLINA EDUCATION CORPS, founded in 2020, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 4% surplus.

Mission

NORTH CAROLINA EDUCATION CORPS IS A NONPROFIT ENTITY ORGANIZED TO ACCELERATE STUDENT LEARNING AND STRENGTHEN COMMUNITIES BY EQUIPPING ADULTS TO IMPROVE LITERACY OUTCOMES OF LOW-PERFORMING K-5 STUDENTS.

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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 $6,764,241
Program Service Revenue $0
Investment Income $57,440
Other Revenue $610
TOTAL REVENUE $6,822,291

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $3,726,302
Fundraising Expenses $1,419
Program Expenses $5,849,997
Other Expenses $2,647,982
TOTAL EXPENSES $6,524,284

Year-over-Year Comparison

2024 2023 Change
Revenue $6,822,291 $5,299,266 +0.3%
Expenses $6,524,284 $4,826,660 +0.4%
Net Income $298,007 $472,606 -0.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
39
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
2
$397,889
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE WARD BOARD CHAIR 5.00
Director
$0 $0 $0
SUSAN JAMISON TREASURER 5.00
Director
$0 $0 $0
CRAIG HORN BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARIAROSA RANGEL SECRETARY 1.00
Director
$0 $0 $0
JOHANA ANDERSON VICE CHAIR 5.00
Director
$0 $0 $0
DAVID STEGALL BOARD MEMBER 1.00
Director
$0 $0 $0
MARGO DRAKOS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN-PAUL SMITH EXECUTIVE DIRECTOR 40.00
Officer
$202,828 $19,940 $222,768
JACQUELINE CHIRAS DIRECTOR OF FINANCE & OPER 40.00
Officer
$157,519 $17,602 $175,121
CHARLES PRICE DIRECTOR OF PARTNERSHIP DEVELOPMENT 40.00
Highest
$121,423 $12,388 $133,811
MARY STOCKTON DIRECTOR OF CORPS MEMBER RECRUITMENT 40.00
Highest
$119,154 $14,315 $133,469
SHANITAH YOUNG DIRECTOR OF LEARNING 40.00
Highest
$123,172 $14,443 $137,615
LAURA BILBRO-BERRY SENIOR DIRECTOR (PARTIAL YEAR) 40.00
$114,908 $8,875 $123,783
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 $6,822,291 $6,524,284 $3,242,635 $298,007
2024 $5,299,266 $4,826,660 $1,905,050 $472,606
2023 $3,898,001 $3,326,777 $1,434,963 $571,224
2022 $2,166,743 $2,060,423 $602,096 $106,320
2021 $500,000 $193,059 $351,479 $306,941
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