Iredell County Crosby Scholars Community Partnership
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO ASSIST PUBLIC MIDDLE AND HIGH SCHOOL STUDENTS IN IREDELL COUNTY IN PREPARING THEMSELVES FOR SUCCESSFUL COLLEGE ENROLLMENT.
- Income
- $554,705
- Spending
- $639,166
- Spent on programs
- 60%
- Reserves
- -1.9 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 0
- Volunteers
- 170
- Highest pay
- $465,111, director, ex-officio
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 28 out of 100. Higher than 3% of charities in its peer group (education, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 69% of what it owns.
Living within its means
0 of 15Spending exceeded income by 15% of income.
Income trend
15 of 15Income rose 3% on the year before.
Spending floor
8 of 1560% of spending went to programs and raising each dollar of donations cost 10 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 95% of charities in its peer group (education, $250k to $1m).
Independent board
25 of 2515 of 16 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $385,229 spent. This is a college access program through which public school students begin to prepare academically, financially, and personally for successful college admission as early as middle school. We are partnered with Goodwill of Northwest North Carolina and modeled after the successful Crosby Scholars Community Partnership in Forsyth County, which graduates 100% of its seniors and sends 98% of its graduates on to access post-secondary education. Every public sixth through tenth grade student in Iredell County is eligible to apply to our program. Once admitted, students must fulfill a few requirements each year to remain active in the Crosby Scholars program. Middle school students must attend a Crosby academy, complete community service hours, and follow school policies (i.e., no out-of-school suspensions). High school students have additional activities such as college visits or college fairs, advising meetings, and continued community service which are required to progress through the program. Seniors who complete the program and graduate as a Crosby Scholar are eligible to apply for scholarships and grants through our program. Student enrollment in Fall of 2024 totaled 2,167 middle and high school students. Of those, 1,650 students received credit for attending our academy workshops. 1,491 of our students completed their community service requirement and together have provided 10,128 volunteer work hours. In our tenth year, our student pool included 293 Scholars in our seventh senior class. Iredell Crosby Scholars provides college access training to parents, guardians, and volunteers so that each senior has a 1:1 advisor to meet with throughout the school year for assistance with the college process. In addition to the individual meetings, senior academy workshops were held to help with essay writing, college applications, standardized test taking, understanding financial aid, and general preparation for the freshman year of college. In 2024, the program awarded $25,550 in the form of scholarships to a total of 31 students. Need-based grants totaling $54,158 were awarded to 39 students. These grants were available to new graduates and continuing college students who graduated from our program and still demonstrated need and who maintained at least a 2.0 college GPA.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.